Main Purpose
The main purpose of Docyt is to provide AI-powered accounting automation software.
Key Features
- Automated Transaction Matching: Docyt AI reviews transactions and reconciles them to the connected bank feed.
- Automated Transaction Categorization: The software automatically categorizes and codes transactions based on historical transactions and patterns before acceptance into the General Ledger.
- Confidence-based Categorization: Docyt AI categorizes transactions only when it is 100% confident.
Use Case
- Small Business Accounting: Docyt is designed to help small business owners significantly reduce operating costs and eliminate issues associated with manual and high-risk back-office tasks.
- Accounts Payable Automation: The software automates accounts payable processes, saving businesses time and reducing errors.
- Bookkeeping Automation: Docyt automates bookkeeping tasks, streamlining financial workflows and providing on-the-spot visibility into overall financial health.
