Docyt recently launched High Precision Accounting Intelligence (HpAI), an AI engine designed to automate complex accounting workflows with high accuracy. Backed by a $12 million pre-Series B funding round led by Pivot Investment Partners, Docyt aims to expand its AI across accounting firms and multi-entity businesses.
Unlike general-purpose AI tools, HpAI combines large language models with accounting-specific algorithms for tasks such as reconciliation, categorization, anomaly detection, and month-end close, enabling firms to scale without hiring additional staff.
Trained on billions of bookkeeping data points from various industries, HpAI delivers precise categorizations and actionable financial insights. Its AI agents handle industry complexities, ensure audit trails, and integrate human verification when needed. Key benefits include a 90%+ reduction in review time, a threefold increase in client capacity, fully automated workflows, and enhanced audit readiness. With rising demands and talent shortages, Docyt’s HpAI helps firms deliver real-time financials and grow efficiently, setting new standards in modern accounting.
KEY QUOTES:
“Docyt is a game-changer. The time savings alone make it an invaluable tool for any firm. Not only have we completely transformed our operations, but we’ve also scaled dramatically without increasing staff. Combine that with their phenomenal team, and I’d recommend Docyt to anyone looking to take their firm to the next level.”
“Docyt gives us instant clarity and saves us roughly 15 hours per week by showing exactly what needs attention – no more digging through accounts. It’s also given us the cleanest financials we’ve ever seen, with an unprecedented level of accuracy that requires almost no intervention before moving on to the next steps.”
Christa Wells, Managing Partner at J M Keehn Accountancy
“At Docyt, we have spent over five years building high-quality synthetic datasets using in-house expertise of expert accountants doing high-quality data labeling that captures the complexity of real-world bookkeeping. This dataset is a critical component of our HpAI architecture, enabling it to deliver precise, context-aware automation. We are now bringing this foundational AI architecture to accounting firms in the form of Docyt AI Copilot, enabling them to deliver client bookkeeping at scale, and with precision.”
Sid Saxena, co-founder and CEO of Docyt
