Docyt has introduced Docyt AI, its accounting system, that incorporates generative artificial intelligence features.
The company says the software automatically categorizes 80 percent of transactions. These classifications are based on recognizable attributes related to the expense, revenue and learnings from the client’s operations.
The remaining 20 percent of transactions are marked for further examination, with Docyt AI summarizing human-to-human conversations into accounting categorization and journal entries.
The company says Docyt AI “is particularly well-suited to scale in franchises and other organizations with multiple offices, subsidiaries or affiliate organizations.”
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
