Doshit We've added something called “AI Bookkeeper” Gary To We provide digital back-office solutions for small and medium-sized businesses (SMBs).
GARY is built on the Docyt AI Software-as-a-Service (SaaS) financial management platform, which integrates expense management, revenue accounting and industry vertical reporting. and The company revealed its financial reporting key performance indicators (KPIs) in an announcement on Tuesday (July 16). press release.
“Through GARY, businesses now have real-time financial information with continuous reconciliation. KPI tracking is also performed in real-time, daily.” Sid SaxenaDocyt co-founder and CEO said in a release:
According to the release, AI Bookkeeper is currently available in closed beta to Docyt customers, with an update planned for the second quarter followed by a public beta release.
GARY provides account management, key financial insights, and assistance It uses natural language and AI assistance to help search for documents and understand instructions, according to the release.
AI Bookkeeper is QuickBooks According to the release, this will enable small and medium-sized businesses to use AI without abandoning their existing workflows.
“Equipping accountants with modern tools like Docyt's new AI bookkeeper will breathe new life into the accounting industry by helping them do their jobs more efficiently and drive strategic value for their clients,” the company said in a statement.
Docyt is Fintech Solutions design but also In an interview with PYMNTS published in 2021, Saxena said the aim is not just to provide a mechanism for transferring funds but also to aggregate data on fund transfers on an existing portal.
“The volume of digital transactions is growing exponentially, but so is the paper and documentation that supports them,” Saxena said at the time. “Businesses still receive paper invoices, collect paper receipts, and ultimately, these documents need to be kept for compliance and audit purposes.” Must It will be managed.”
Venture capital firms Andreessen Horowitz In June, as large-scale language models (LLMs) were improved, accounting firm They are keen to leverage AI to increase efficiency and manage increasing workloads.
Generative AI can automate repetitive tasks like bookkeeping and tax returns, freeing up accountants for more valuable activities.
