Adrian Johnson
TLDR:
Docyt has unveiled an AI bookkeeper named GARY, which automates manual processes and helps professionals complete month-end close in about 45 minutes. GARY utilizes AI models to streamline back-office processes for small and midsize businesses, providing continuous reconciliation and real-time tracking of key performance indicators. It can proactively resolve errors, perform sanity checks, and handle daily tasks like reviewing bills and receipts. GARY is currently available as a closed beta to Docyt customers, with updates planned throughout 2024.
Key Elements:
- Docyt has launched an AI-powered bookkeeping system named GARY to automate manual processes.
- GARY utilizes several AI models to streamline back-office processes for small and midsize businesses.
- GARY provides continuous reconciliation, real-time tracking of key performance indicators, and can proactively resolve errors.
- GARY can handle daily tasks like reviewing bills and receipts, and interact with clients proactively.
- It is available as a closed beta to Docyt customers, with future updates planned for additional capabilities.
Full Article:
Docyt has introduced an AI bookkeeper named GARY, designed to automate manual processes and shorten the month-end close process for professionals to about 45 minutes. GARY combines precision, predictive models, and generative AI to streamline back-office processes for small and midsize businesses. Unlike traditional methods, GARY performs continuous reconciliation and real-time tracking of key performance indicators, reducing the time needed for month-end closing. Sid Saxena, co-founder and CEO of Docyt, highlighted that businesses can now access real-time financials through continuous reconciliation and daily KPI tracking.
Sugam Pandey, co-founder and chief technology officer at Docyt, emphasized that GARY simplifies the month-end close process, making it as easy as checking a box. GARY can proactively address errors, perform sanity checks, request necessary documents, and even operate on auto-pilot for daily tasks like bill review and client communication. The system can spot unusual activities, flag unclear transactions, and contact clients to resolve issues efficiently.
Users can set confidence thresholds for GARY’s auto-pilot mode and switch to manual handling if necessary. The AI bookkeeper also integrates with QuickBooks. Currently available as a closed beta to Docyt customers, GARY will receive updates throughout the second half of 2024 to introduce additional features before a public beta launch. For more details, interested parties can visit www.docyt.com/GARY.
