Docyt Revolutionizes AI-Powered Accounting with High Precision Accounting Intelligence (HpAI)

Docyt Sets New Standard for AI-Powered Accounting with Launch of High Precision Accounting Intelligence (HpAI), Purpose-Built AI for Accounting Automation

New AI Architecture and Agentic AI Model Framework is Trained on 128 Billion Accounting Data Points to Ensure Accuracy, Speed, and Audit-Readiness MOUNTAIN VIEW, Calif.-(BUSINESS WIRE)-August 6, 2025- Docyt, the leader in AI-powered accounting automation, today unveiled Docyt High Precision Accounting Intelligence (HpAI), a next-generation AI engine purpose-built to automate complex accounting workflows with unmatched precision. This product launch follows Docyt's recent pre-Series B funding round, which added $12M in new capital led by Pivot Investment Partners and existing investors. The funding will help scale Docyt's AI solutions across accounting firms and multi-entity businesses. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250806268093/en/ Unlike general-purpose AI tools that merely adapt to finance, Docyt HpAI is purpose-built for accounting, fusing large language models (LLMs) with precision-trained AI tailored for complex workflows like reconciliation, categorization, anomaly detection, and month-end close. These capabilities are delivered via the Docyt Accountant Copilot with new AI agents embedded across the product workflow to simulate the intelligence of senior bookkeepers, enabling accounting firms to offload tasks typically handled by junior accountants. Docyt's AI tabulates data, prepares analytics, flags key anomalies, and even automates the month-end close. By leveraging Docyt's Copilot, firms can scale operations without the burden of hiring or training additional staff. "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." Docyt HpAI is built on foundational models trained on full-cycle bookkeeping data, including ERP charts of accounts, vendor records, bank transactions, revenue, and expense data. These models, combined with proprietary algorithms, leverage 128 billion accounting data points across more than 20 industry verticals. Over five years, Docyt has developed a clean, structured bookkeeping dataset that powers this high-precision AI architecture. The models do not require retraining on customer data. Instead, they adapt in real time by retaining contextual information in memory to deliver customer-specific precision. Unlike commercial models that depend on generic datasets and broad fine-tuning, Docyt HpAI offers hyper-accurate categorizations and actionable financial insights - transforming how accounting firms operate at scale. "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." AI Agents Built for the Rigors of Hospitality Accounting Docyt automates core bookkeeping end to end and extends that automation to industry verticals like Hospitality, with more verticals coming soon. Built on HpAI, these agents handle multi-entity complexity, enforce AI confidence thresholds, preserve full audit trails, and incorporate human-in-the-loop verification. The result is precise categorization, real-time reconciliation, and closing cycles reduced from weeks to hours. Transforming the Accounting Workflow With Docyt HpAI powering its Accountant Copilot platform, Docyt customers are achieving: * 90%+ reduction in review time per client * 3x increase in client capacity, without the need to add headcount * Fully automated workflows for categorization, reconciliation, and month-end close * Enhanced audit readiness via built-in transparency and confidence scoring * More time to focus on strategic client advisory and firm 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 What's Possible in Modern Accounting As accounting firms face a growing talent gap, rising client demand, and increasing pressure to deliver real-time financials, Docyt HpAI gives them the tools to meet the moment. With HpAI as the backbone, the Docyt Copilot experience enables accounting firms to scale with ease, automating month-end close for hundreds of customers simultaneously, with integral transparency and confidence scoring to ensure audit readiness. Purpose-built, battle-tested, and fully embedded in the workflows firms already use, HpAI is redefining what's possible in modern accounting. To learn more about Docyt High Precision Accounting Intelligence and request a demo, visit: www.docyt.com. About Docyt Docyt delivers core accounting automation and streamlined financial workflows for accounting firms and for industry verticals where full automation is available, starting with Hospitality. Powered by Docyt HpAI, the platform provides a real-time view of financial health, reduces manual work, and improves profitability. Docyt is venture funded and based in Mountain View, California. For more information, visit www.docyt.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20250806268093/en/ FOR MORE INFORMATION: John Snedigar, Faultline Communications [email protected] / 408-705-7518

AI bookkeeper Docyt debuts precision-trained AI agents to accelerate accounting automation - SiliconANGLE

AI bookkeeper Docyt debuts precision-trained AI agents to accelerate accounting automation Docyt AI Inc. is building on the launch last year of its artificial intelligence-powered accountant GARY, unveiling a new AI engine that it says is purpose-built to automate complex bookkeeping workflows. The Docyt High Precision Accounting Intelligence engine is essentially an AI agent designed specifically for accounting tasks, and its launch follows a fresh funding round for the startup, which has just raised $12 million in a pre-Series B investment led by Pivot Investment Partners. GARY, which is an abbreviation of "Generative Accounting Retrieval sYstem," was claimed to be the world's first AI Bookkeeper when it launched last year, combining generative AI, precision AI and predictive AI algorithms into a single model that's geared toward tasks such as expense management, revenue accounting and financial reporting. Docyt says that dozens of accounting firms are using GARY to automate what's known as the "month-end" closing process - which is where finance teams attempt to account for all of the previous month's transactions. It's an arduous process that involves reviewing, recording and reconciling sometimes thousands of accounting records. Now, Docyt is building on GARY's capabilities with the Docyt HpAI engine, combining its best large language models with "precision-trained" AI agents that have been tailored for specific accounting tasks, such as reconciliation, categorization, anomaly detection and the month-end close. These new agentic capabilities are being made available within Docyt's Accountant Copilot, and they're uniquely able to simulate the intelligence of human bookkeepers. Because of this, organizations will be able to delegate various bookkeeping tasks to AI agents that would normally be handled by junior accountants. They're able to tabulate data, prepare analytics, flag any anomalies in financial records, and automate the entire month-end close. Docyt says its bookkeeping agents are all powered by the same, revamped foundational model, which boasts a context window of nine billion accounting parameters and was trained 128 billion accounting data points from more than 20 industries. It claims that this is by far and away the most "contextual depth" of any accounting model released so far, and enables the Docyt Copilot to not only automate, but also intelligently learn as it completes its work. Docyt co-founder and Chief Executive Sid Saxena said his company has spent more than five years building high-quality synthetic datasets, using a team of expert accountants skilled in high-quality data labeling to capture the complexity of real-world bookkeeping. "This dataset is a critical component of our HpAI architecture, enabling it to deliver precise, context-aware automation," he added. "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." Docyt does not cite any recognized benchmarks regarding the performance of Docyt HpAI, but it nevertheless claims that its growing customer base is seeing a three-times increase in client capacity as a result of the automation it provides. It also claims a 90% reduction in review times per client, and says it enables "enhanced audit readiness" due to its built-in transparency and confidence scoring mechanisms. J M Keehn Accountancy Managing Partner Christa Wells said Docyt's AI agents have enabled her company to scale dramatically without increasing its staff headcount. "Docyt gives us instant clarity and saves us roughly 15 hours per week by showing exactly what needs attention, so there's no more digging through accounts," she explained. "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."