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Docyt provides AI-powered accounting automation software for SMBs, franchises, and accounting firms. It automates end-to-end bookkeeping—bill payments, expense management, revenue reconciliation, and month-end close—via a SaaS platform that ingests data from bank feeds, POS, payroll, and scanned receipts. Its HpAI engine combines large language models with proprietary accounting agents to automatically categorize transactions, reconcile accounts, detect anomalies, and serve as a copilot for accountants, delivering real-time P&L and balance sheets and hospitality-focused metrics. The platform supports multi-entity management and industry-specific workflows, differentiating itself with HP AI trained on accounting data, broad integrations, and real-time visibility to reduce manual review and enable scalable accounting operations.
Industries
Data & Analytics
Enterprise Software
AI & Machine Learning
Financial Services
Company Size
51-200
Company Stage
Early VC
Total Funding
$25M
Headquarters
Mountain View, California
Founded
2016
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Total Funding
$25M
Above
Industry Average
Funded Over
3 Rounds
Health Insurance
Hybrid Work Options
Docyt June 2026 product releases. Docyt Inc. value your privacy Docyt Inc. collect information on its website using cookies, pixel tags, or other tracking technologies to operate its site, as further described in its Privacy Policy. With your consent, Docyt Inc. may also share information about your website visit through these technologies with third parties for analytics and advertising purposes. Click "Accept" to agree to the sharing of your data with third parties or "Decline" to decline and dismiss this notice. You can change or customize your choice at any time by clicking on "Preferences." What's on the Docyt: product releases for June 2026. * Docyt Team * July 1, 2026 Multi-property hospitality accounting is full of quiet failure points: an ACH payment bounces, and nobody notices for days; a check gets altered before it clears; a bill needs to be split into installments, and most systems just can't handle it. Most accounting tools weren't built to catch these. Docyt was. Here's what Docyt Inc. shipped in June to close those gaps - and a look at how hospitality owners and operators are using Docyt to stay ahead of them. Let's get into it. Enhancements for bill Pay notifications. NOTIFICATIONS Know the moment a payment fails - not when your vendor calls. If a bank rejects an ACH payment, Docyt catches it immediately and sends you an email and push notification with the vendor, amount, and reason for the rejection - so you're never blindsided by a vendor calling to ask why they haven't been paid. The same automatic alerts cover failed check payments too. Check Fraud prevention: Positive Pay file download. Check Fraud Protection Built In Docyt now generates Positive Pay files directly from check registers, so banks can verify every check before it clears - protecting properties from altered or counterfeit checks without any extra manual work. Cash Flow flexibility, without the spreadsheet gymnastics. Need to split a bill into installments instead of paying it in full? Docyt tracks the paid and unpaid portions automatically, updates your invoice queue, and syncs every installment to QuickBooks - no manual reconciliation required. In-Cell calculator for invoices: split amount fields. Splitting an invoice across categories usually means doing the math somewhere else first. With Docyt, you can type the math right into the amount field - 120+45.50 resolves to 165.50 instantly - and percentage splits recalculate automatically. One less tool, one less place for errors to creep in. Real-Time visibility for board reporting & investors. Quarter-over-quarter P&L views, Owner's Operating Statements with Net Cash Flow, and multi-property reporting built specifically for how hospitality groups operate - not retrofitted from generic accounting software. Quarters view in Live Financials - for profit & loss report. The Live Financials P&L report now includes a Quarters view at the business level, giving you a clean quarter-by-quarter breakdown without needing to pull manual date ranges. This report is helpful for board reporting, investor updates, and Quarter-over-quarter (QoQ) trend analysis. Owner's Operating Statement: new Quarters, Years & Total Only views. The Management Owner's Operating Statement now supports three new filter views: Quarters, Years, and Total Only. Use Quarters + Compare with Quarters to see side-by-side quarter comparisons. Use Years + Compare with Years to benchmark annual performance. Owner's Operating Statement with Net Cash Flow. A new Owner's Statement (with Net Cash Flow) report in non-US GAAP format has been included in the management package download. Monthly FF&E Reserve and Monthly Loan Payments are included as balance sheet line items, as required by lender reporting standards. Integrations. Docyt now supports eZee Absolute PMS. This is the kind of automation that's hard to bolt onto legacy bookkeeping workflows - and it's exactly why hospitality businesses are moving to Docyt. Book a demo today and discover how Docyt can automate multi-entity accounting, deliver real-time financial visibility, and drive portfolio-wide profitability. Experience Docyt AI Increase your profitability with real-time accounting and intelligence.
Docyt unveils High Precision Accounting Intelligence (HpAI), purpose-built to automate complex accounting workflows with unmatched precision.
Docyt, an AI-powered accounting automation company based in Mountain View, CA, raised $12M in Pre-Series B funding led by Pivot Investment Partners and existing investors. The funds will be used to scale its AI solutions across accounting firms and multi-entity businesses. Docyt's High Precision Accounting Intelligence (HpAI) engine automates complex accounting workflows, enabling firms to operate efficiently without additional staffing.
Bookkeeping solutions provider Docyt announced the release of its new Generative Accounting Retrieval sYstem, also known as GARY, an AI-powered bookkeeping system that automates manual processes to help professionals complete their month-end close in about 45 minutes.
Docyt, the frontrunner in AI-driven accounting automation technology, will unveil new voice-based transaction categorization functionality at AAHOACON24.
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Industries
Data & Analytics
Enterprise Software
AI & Machine Learning
Financial Services
Company Size
51-200
Company Stage
Early VC
Total Funding
$25M
Headquarters
Mountain View, California
Founded
2016
Find jobs on Simplify and start your career today