Docyt, a leading innovator in AI-powered accounting automation, has announced the launch of Docyt High Precision Accounting Intelligence (HpAI) an advanced AI engine designed specifically to streamline and automate complex accounting workflows with unparalleled accuracy. This launch follows Docyt’s recent pre-Series B funding round, which secured $12 million in new capital led by Pivot Investment Partners alongside existing investors. The fresh investment will accelerate the adoption of Docyt’s AI-driven solutions among accounting firms and multi-entity businesses.
While most general-purpose AI tools adapt to finance as an afterthought, Docyt HpAI has been purpose-built for accounting from the ground up. It integrates large language models (LLMs) with precision-trained AI to handle intricate workflows such as reconciliation, categorization, anomaly detection, and month-end close. These capabilities are embedded into the Docyt Accountant Copilot, now equipped with specialized AI agents that replicate the expertise of senior bookkeepers. By automating processes typically performed by junior accountants, the platform enables firms to expand operations without the cost and time associated with hiring or training additional staff.
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The AI engine automatically compiles data, generates analytics, flags anomalies, and even completes month-end close processes. This gives firms the ability to serve more clients efficiently while maintaining and often exceeding accuracy standards.
“Docyt is a game-changer. The time savings alone make it an invaluable tool for any firm,” said Christa Wells, Managing Partner at J M Keehn Accountancy. “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.”
A Purpose-Built AI Engine for Accuracy at Scale
Docyt HpAI is trained on full-cycle bookkeeping data, including ERP charts of accounts, vendor records, bank transactions, and detailed revenue and expense information. Leveraging 128 billion accounting data points across more than 20 industry sectors, Docyt’s proprietary algorithms deliver hyper-accurate categorizations and actionable insights. Over five years, the company has curated a clean, structured bookkeeping dataset that underpins this AI architecture one that doesn’t require retraining on customer data. Instead, it adapts instantly by retaining contextual memory for customer-specific precision, far surpassing commercial AI models that rely on broad, generic datasets.
“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,” said Sid Saxena, co-founder and CEO of Docyt. “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.”
Specialized AI Agents for Hospitality and Beyond
Built on HpAI, Docyt’s intelligent agents are already optimized for the hospitality industry with additional verticals on the horizon. These agents can manage multi-entity accounting complexity, maintain AI confidence thresholds, preserve complete audit trails, and incorporate human verification where needed. This results in real-time reconciliation, accurate categorization, and month-end close processes reduced from weeks to just hours.
Proven Results in Transforming Accounting Workflows
Firms using Docyt HpAI within the Accountant Copilot platform are achieving:
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Over 90% reduction in review time per client
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3x increase in client capacity without additional headcount
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End-to-end automation for categorization, reconciliation, and month-end close
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Enhanced audit readiness through built-in transparency and confidence scoring
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More time to focus on strategic client advisory and business growth
“Docyt gives us instant clarity and saves us roughly 15 hours per week by showing exactly what needs attention – no more digging through accounts,” added Wells. “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.”
Redefining Modern Accounting
As accounting firms grapple with talent shortages, rising client expectations, and the demand for real-time financial reporting, Docyt HpAI offers a solution that meets these challenges head-on. With HpAI as its foundation, the Docyt Copilot platform enables firms to close books for hundreds of clients simultaneously, backed by transparency and confidence scoring that ensures audit readiness. Purpose-built and thoroughly tested, HpAI is fully integrated into the workflows firms already rely on setting a new standard for what’s possible in modern accounting.