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Docyt Reviews & Product Details

Prem P.
PP
President / Owner
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Docyt?

I like the idea of real-time books, having the software link up with my hotels' PMS systems. Real-time KPIs and real-time books would be a game changer. Review collected by and hosted on G2.com.

What do you dislike about Docyt?

Unfortunately, it has been a bug-riddled road. The team that supports the software, the account manager, primary bookkeeper are all inferior to what should be provided. I am assuming they are understaffed thus the constant issues.

Additionally, the software is constantly days or weeks behind, thus negating the real-time aspect. I am very much considering other options at this point. Very very frustrating experience. Review collected by and hosted on G2.com.

What problems is Docyt solving and how is that benefiting you?

It tries to solve providing real-time cash books to time-strapped small business owners; unfortunately, it is too buggy to be useful. Review collected by and hosted on G2.com.

Docyt Overview

What is Docyt?

Experience AI bookkeeping with Docyt, saving 500 hours and $2,000 annually on average. Our AI automation software offers real-time insights into expenses and profitability, eliminating manual data entry and tedious tasks. Docyt learns your business intricacies, automating back-office and bookkeeping duties. It handles time-consuming tasks. Gain instant financial status visibility through real-time reports, ensuring constant financial control. Generate consolidated roll-up and individual financial statements for all business locations effortlessly, aiding in strategic decision-making. Embrace the revolution of AI bookkeeping with Docyt, saving time and gaining real-time insights to boost your business success. Use Docyt on top of your existing Quickboooks Online or Desktop solution to manage expenses, corporate credit cards and real time revenue reconciliation for one or many locations. We integrate with all major POS and PMS systems and provide industry specific reporting.

Docyt Details
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Docyt Community
Languages Supported
English
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Product Description

Experience AI bookkeeping with Docyt, saving 3,000 hours and $2,000 annually on average. Our AI automation software offers real-time insights into expenses and profitability, eliminating manual data entry and tedious tasks. Docyt learns your business intricacies, automating back-office and bookkeeping duties. It handles time-consuming tasks. Gain instant financial status visibility through real-time reports, ensuring constant financial control. Generate consolidated roll-up and individual financial statements for all business locations effortlessly, aiding in strategic decision-making. Embrace the revolution of AI bookkeeping with Docyt, saving time and gaining real-time insights to boost your business success. Use Docyt on top of your existing Quickboooks Online or Desktop solution to manage expenses, corporate credit cards and real time revenue reconciliation for one or many locations. We integrate with all major POS and PMS systems and provide industry specific reporting.


Seller Details
Seller
Docyt
HQ Location
Santa Clara, CA
Twitter
@Docyt_inc
290 Twitter followers
LinkedIn® Page
www.linkedin.com
226 employees on LinkedIn®
Description

Docyt's AI-powered Bookkeeping Platform is reshaping financial management for SMBs, franchises, and accounting firms. Docyt AI streamlines bookkeeping and financial workflows, offering real-time insights into unit economics to boost profitability. Standing out in the financial sector, Docyt AI addresses the industry's key challenge: providing real-time accounting data, including live P&L statements. The platform drastically reduces revenue accounting errors by about 95% and simplifies month-end closures to a brief review, ensuring accuracy. By merging AI efficiency with human expertise, Docyt AI enhances financial teams' performance, accelerates profitability, saves time, and provides a real-time view of organizations' financial health. Docyt is venture-funded and based in Santa Clara, California. With Docyt’s AI based document-driven platform, small business owners can save thousands of dollars in penalties, late fees and accounting hassles as well as recover hundreds of hours in lost productivity each year.


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Recent Docyt Reviews

VP
Viren P.Small-Business (50 or fewer emp.)
5.0 out of 5
"User friendly software and great back end team"
The user friendly docyt platform is very easy and reliable. From uploading invoices to getting it paid and checking all reports is so easy.
Hitesh P.
HP
Hitesh P.Mid-Market (51-1000 emp.)
5.0 out of 5
"Great Product"
Easy to use, seamless intregration and great support. Onboarding was quick and supportive.
Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
4.0 out of 5
"The customer service"
The customer service. Saurabh Chitlangiya has been very helpful trying to correct errors from past postings. He is very willing to meet via call ...
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Docyt Media

Docyt Demo - Multi-Location Business Accounting
Automate Your Multi-Location Business Accounting. Consolidated Financial Reports. Drill down to each entity by transaction line item or document image. Quick access to personal financial statement.
Docyt Demo - Automate Expense Management and Accounting
Control expenses, reduce transaction costs, and delight your employees. User-friendly mobile and web apps automate expense workflows and accounting. Bill Pay. Employee Expense Reimbursement. Receipt Capture. Vendor Tax Compliance and 1099 Reporting.
Docyt Demo - Revenue Reconciliation and Accounting
Continuous Revenue Reconciliation of Merchant Deposits. See what you earn. Stay on top of outstanding revenue.
Docyt Demo - Automated Bank Reconciliation
Make the month-end book closing process so much faster. Simplify Your Bookkeeping With Continuous Bank Reconciliation.
Docyt Demo - Real-Time Financial Reporting
Unlock your decision-making superpower. Get access to your business performance in real-time, rather than waiting 15 days after month-end to see your revenue and expenses. Grow your empire with multi-entity reports.
Docyt Demo - Corporate Credit Card Expense Management and Reconciliation
What if you never had to track down and manually match another paper receipt again? Control Expenses With An Improved Employee Experience. Simplify Corporate Card Management with Smart Automated Tools.
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32 out of 33 Total Reviews for Docyt

4.7 out of 5
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32 out of 33 Total Reviews for Docyt
4.7 out of 5
32 out of 33 Total Reviews for Docyt
4.7 out of 5

Docyt Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for DocytQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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G2 reviews are authentic and verified.
VP
Director of Operations
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Docyt?

The user friendly docyt platform is very easy and reliable. From uploading invoices to getting it paid and checking all reports is so easy. Review collected by and hosted on G2.com.

What do you dislike about Docyt?

I do not see any downsides of using the docyt. Review collected by and hosted on G2.com.

What problems is Docyt solving and how is that benefiting you?

Docyt is solving all the accounting problems for my company. Now it is easy to track expenses, go through invoices and receipts and also checking the p&l every month instead of yearly. Review collected by and hosted on G2.com.

Minesh P.
MP
Partner
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Docyt?

Onboarded 9 hotels with Docyt in early 2024.

We really like that they have an integration with most hotel systems.

Docyt has the ability to be an all in one system including document management, accounts payable, receipt capture, and reporting. It allows the ability to provide limited access to different team members.

Ability to pull USALI formatted financials and to pull reports and KPI on a portfolio basis is a plus.

The IOS app is great to quickly research something or pull reports on the go.

The team has been responsive to resolve any questions, concerns, and issues.

Docyt has a great help center and a suggest feature section which shows they are continually looking to improve the product. Review collected by and hosted on G2.com.

What do you dislike about Docyt?

The onboarding was a bit painful especially if you are planning to use your own chart of accounts.

Setting access and permission for team members is difficult. They need to add to have preset permissions and ability to copy across different entities.

The system keeps auto categorizing expenses without departments

Processing bills and receipts require too many steps/clicks.

There has been a lot of turnover in a short amount of time on the dedicated team Review collected by and hosted on G2.com.

What problems is Docyt solving and how is that benefiting you?

Having an all in one systems that provides USALI reporting.

Ability to see portfolio level KPIs and Business Reports.

Chat function with Docyt allows ability to call out / focus on certain transactions. Review collected by and hosted on G2.com.

Verified User in Retail
UR
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Docyt?

The customer service. Saurabh Chitlangiya has been very helpful trying to correct errors from past postings. He is very willing to meet via call to help me understand why and where items are charted Review collected by and hosted on G2.com.

What do you dislike about Docyt?

The fact that certain vendors are unfamiliar the team. We have had numerous team member changes that have resulted in inconsistent postings. If Saurabh remains on our team consistent posting will occur and be quickly corrercted. Review collected by and hosted on G2.com.

What problems is Docyt solving and how is that benefiting you?

I am not manually making each posting. Review collected by and hosted on G2.com.

Hitesh P.
HP
CFO
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
(Original )Information
What do you like best about Docyt?

Easy to use, seamless intregration and great support. Onboarding was quick and supportive. Review collected by and hosted on G2.com.

What do you dislike about Docyt?

So far we have good experience and would recommend to other business owners. Review collected by and hosted on G2.com.

What problems is Docyt solving and how is that benefiting you?

Online platform with all functions and automated general entries. Review collected by and hosted on G2.com.

KM
CEO
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Docyt?

After a short period of time, the trained AI really does some great work. I use QBO. Although QBO has its own AI capabilities, I find that Docyt takes it up two notches. From bill pay, uploading vendor invoices and receipts, I find Docyt's A.I. faster and more accurate than many of the other software that I've tested/used over the last 6 years. Review collected by and hosted on G2.com.

What do you dislike about Docyt?

There is a slight learning curve, but that's the case with all software. Review collected by and hosted on G2.com.

What problems is Docyt solving and how is that benefiting you?

In one central software location, I can:

- check to make sure transactions are being recorded (directly from the bank)

-Know all of our clients' bills are being automatically process to then be entered into their books

-For our bill pay clients, payment are easily and quickly being made with one or two clicks of a button (whether via ACH or checks)

In a world where we provide more advisory work, the software and Docyt team take more of the back office work off of our hands. Review collected by and hosted on G2.com.

NP
Owner
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Docyt?

Customer service, knowldge, Prompt solution to problem, Readily available, on the finger tips reports, easy access, integrated with current accounting software and quickbooks. Review collected by and hosted on G2.com.

What do you dislike about Docyt?

None so far, Everyone from sales, implementation to the the monthly review has excelled in their performance. No shortcomings. Review collected by and hosted on G2.com.

What problems is Docyt solving and how is that benefiting you?

Reconcillation, data entry, reporting, insight has been solved with software. Review collected by and hosted on G2.com.

CS
CEO
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Docyt?

Working with Lokesh and Saurabh and disussing and resolving any challenges with myfinances Review collected by and hosted on G2.com.

What do you dislike about Docyt?

the Time difference can be challenging butthey do their best to work with me Review collected by and hosted on G2.com.

What problems is Docyt solving and how is that benefiting you?

Revenue posting spend posting Review collected by and hosted on G2.com.

Verified User in Accounting
UA
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Docyt?

Docyt has been a great financial management tool. The software is easy to navigate, with a user-friendly interface that makes data entry and management so easy. We especially appreciate the helpful prompts to categorize uncoded items, ensuring accuracy in our financial records.

We also liked it's interactive upload section. The reminders to add statements and relevant documents for reconciliation streamline the process significantly. And the seamless integration with QBO and payroll accounts was great.

But most importantly, the team! From Vaishali in onboarding to monthly management, to Kori as a CPA and overseer, and Lily in sales & marketing, everyone was incredibly helpful and hands-on throughout the entire process. They made the transition smooth and ensured we felt supported every step of the way.

We highly recommend Docyt to anyone looking for a user-friendly and efficient AI accounting solution. The combination of intuitive software and a fantastic support team makes Docyt truly valuable. Review collected by and hosted on G2.com.

What do you dislike about Docyt?

Of course, as with any AI tool, there's always room for improvement and further development. Some of the journal entry features were not ideal! However, Docyt's overall functionality and exceptional customer service far outweigh any minor setbacks. We are also confident that Docyt will continue to learn and refine its capabilities. Review collected by and hosted on G2.com.

What problems is Docyt solving and how is that benefiting you?

Missed Categorizations: Docyt's AI helps us catch uncategorized expenses, ensuring our financial records are accurate and up-to-date.

Document Maitenance: The interactive upload section reminds us to include all necessary documents for reconciliations. This eliminates the scramble at month-end close and ensures a smooth process.

Reconciliation & Close: The interactive AI tool and back end support team ensure a timely month end close which includes bank and credit card reconcilaition, and other entries (bank, loan, expense reimbursement et al). Providing a smooth and full reconciliation and close process. Review collected by and hosted on G2.com.

AR
Accountant
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Docyt?

Expense Management and Financial Reporting Review collected by and hosted on G2.com.

What do you dislike about Docyt?

I do not find any reasons it is really good Review collected by and hosted on G2.com.

What problems is Docyt solving and how is that benefiting you?

It helps us to track our expenses and helps us in generating accurate and reliable financial reports on timely manner. Review collected by and hosted on G2.com.

BS
Business Owner
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Docyt?

I like that my bookkeeping is always up to date. Review collected by and hosted on G2.com.

What do you dislike about Docyt?

Learning how to navigate around on the website can be chalenging at the beining. Once you are familiar with the website, its not too complicated. Review collected by and hosted on G2.com.

What problems is Docyt solving and how is that benefiting you?

They are solving the problem of keeping my bookkeeping up to date on a daily basis. It helps with me being able to track how the business is doing. Review collected by and hosted on G2.com.