Docyt AI
VS
Suvit
Docyt AI
Docyt AI provides an advanced bookkeeping platform leveraging artificial intelligence to automate and streamline accounting processes for businesses, particularly accounting firms and the hospitality industry. It employs AI agents, including the AI Bookkeeper named GARY and Docyt Copilot, to handle tasks such as expense management, revenue reconciliation, month-end closing, and bill pay, significantly reducing manual data entry and potential errors. The platform aims to provide real-time financial insights and reporting, enabling users to work faster and more efficiently.
The software offers features tailored to specific business needs, including multi-entity accounting, industry-specific unit economics tracking, and departmental accounting. It facilitates continuous revenue reconciliation by automatically matching and categorizing transactions. Docyt AI also excels in document extraction and understanding, reading receipts and invoices to extract relevant information accurately. Collaboration tools like a smart mailroom and task assignment features further enhance team productivity within the platform.
Suvit
Suvit is an Artificial Intelligence (AI) powered platform specifically engineered to automate accounting and financial processes. It aims to significantly reduce manual clerical work for accounting practitioners and tax experts, allowing them to focus on higher-value tasks. The software emphasizes 100% data accuracy and efficiency, integrating with accounting systems to streamline workflows.
Key functionalities include automated data entry, capable of extracting information from various document types such as Excel files, PDFs, and even scanned PDFs. Suvit offers robust document management features, enabling users to systematically store, upload, organize, and access client documents from anywhere. It also provides comprehensive reporting and analytics for business insights, GST reconciliation tools to map data and identify errors, and client management capabilities with role-based access control. Data security is prioritized through strong encryption and storage on world-class cloud infrastructure.
Pricing
Docyt AI Pricing
Docyt AI offers Paid pricing with plans starting from $499 per month .
Suvit Pricing
Suvit offers Free Trial pricing with plans starting from $12 per month .
Features
Docyt AI
- AI Agents: Automate end-to-end bookkeeping tasks including expense management, revenue management, and month-end close.
- Docyt Copilot: Accelerates bookkeeping review, performs audits, detects anomalies, and automates accounting quality checks using Generative AI.
- GARY (AI Bookkeeper): Generative Accounting Retrieval sYstem that streamlines workflows, assigns tasks, tracks progress, and provides instant insights via chat.
- Continuous Revenue Reconciliation: Automates transaction matching and categorization against bank feeds.
- Document Extraction & Understanding: Reads receipts and invoices, extracts data, and categorizes expenses accurately.
- Multi-Entity Accounting: Manages bookkeeping for multiple businesses or locations with consolidated reporting options.
- Industry-Specific Unit Economics: Tracks relevant KPIs and metrics tailored to specific industries like hospitality.
- Smart Mailroom & Collaboration Tools: Automates document handling and facilitates team communication and task management.
- AI Financial Insights and Reporting: Generates real-time financial reports, dashboards, and insights, including daily flash revenue reports for hotels.
Suvit
- Data Entry Automation: Send accurate data to accounting software; extracts data from Excel, PDF & Scanned PDF.
- Document Management: Systematically store, upload, and organize client documents with favorite marking and remote access.
- Report & Analytics: Provides in-depth business insights and allows tracking of operations and key KPIs anytime, anywhere.
- GST Reconciliation: Automates GSTR1, GSTR2A, GSTR2B reconciliation, maps multiple GST data, and identifies discrepancies.
- Client Management: Organize clients, assign roles and companies, and manage document access through personalized roles.
- Data Security: Utilizes 256-bit encryption and secure cloud infrastructure for data protection.
Use Cases
Docyt AI Use Cases
- Automating bookkeeping workflows for accounting firms.
- Streamlining financial management for hotels and hospitality businesses.
- Managing multi-entity accounting operations.
- Automating expense management and bill payment.
- Performing continuous revenue reconciliation.
- Accelerating month-end closing processes.
- Generating real-time financial reports and insights.
- Improving collaboration on accounting tasks.
- Catch-up bookkeeping for businesses with outdated records.
Suvit Use Cases
- Automating manual data entry for accounting tasks.
- Streamlining document collection and organization for accountants.
- Generating financial reports and analyzing business performance.
- Simplifying and automating GST reconciliation processes.
- Managing client relationships and access permissions within accounting firms.
- Reducing time spent on repetitive accounting tasks for CAs and Tax Professionals.
FAQs
Docyt AI FAQs
-
How do I choose the right plan for my business?
Plans start at $499/month. Schedule a demo, and Docyt’s sales team will help you find the best plan for your business. -
What are my payment options?
We accept all debit and credit cards and bill you monthly at the start of your billing period. -
I have multiple businesses or one business with multiple locations. Will this cost extra?
Docyt supports multi-entity businesses. Each business or location would need its own Docyt subscription at whatever level is right for that business. -
Do you charge extra for support?
Yes, Docyt’s sales team can guide you through the options and associated costs for additional support.
Suvit FAQs
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Can I get a free trial of Suvit?
Yes, Suvit offers a 7-day free trial with no credit card required to get started. -
What kind of support does Suvit offer?
Suvit provides free support via Chat, Email, and Call, available 12 hours a day, 6 days a week. -
Are there any costs besides the plan price?
Yes, GST (Goods and Services Tax) will be charged in addition to the mentioned plan prices. -
How does Suvit ensure data security?
Suvit encrypts accounting data using strong 256-bit encryption and stores it on secure, world-class cloud infrastructure. Communication between the apps and stored data is also secured. -
Can I control data access for different team members?
Yes, Suvit's User Management features include Roles & Permission settings and Access Control, allowing you to grant specific access levels to different users or teams.
Uptime Monitor
Uptime Monitor
Average Uptime
99.79%
Average Response Time
312.13 ms
Last 30 Days
Uptime Monitor
Average Uptime
100%
Average Response Time
134.8 ms
Last 30 Days
Docyt AI
Suvit
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