Docyt, a leader in AI-powered accounting automation, has launched its High Precision Accounting Intelligence (HpAI) platform, aimed at transforming modern accounting workflows. This development follows a successful pre-Series B funding round, raising $12 million led by Pivot Investment Partners. Docyt’s technology automates critical bookkeeping tasks like reconciliation and month-end closing using a sophisticated AI engine trained on 128 billion data points from diverse accounting sources. The HpAI is seamlessly integrated into Docyt’s Accountant Copilot platform, enhancing efficiencies for accounting firms and multi-entity businesses while reducing reliance on junior staff. By delivering real-time financial insights, the platform adapts to customer needs without the need for retraining. Notably, the new capabilities are tailored for the hospitality sector, addressing multi-entity complexities and ensuring compliance. This innovation positions Docyt as a game-changer in the accounting industry, enabling firms to scale operations efficiently and maintain precision.
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