Tyms VS Docyt AI

Tyms Pricing

Docyt AI Pricing

Tyms

• AI Agent (ADAM): Provides AI-driven accounting and bookkeeping assistance.
• Automated Bank Reconciliation: Connects directly to banks and uses document uploads to reconcile transactions automatically.
• Revenue and Expense Management: Manages invoices, bills, and recurring transactions with smart general ledger entries.
• Prepayments Automation: Automates recognition, scheduling, and ledger entries for prepaid income and expenses.
• Inventory Valuation and Automation: Tracks and values inventory using FIFO, LIFO, or weighted average methods, managing stock levels and orders.
• Fixed Assets Schedule Automation: Prepares depreciation schedules and automates ledger entries for fixed assets/PPE.
• Real-time Financial Statements: Generates profit and loss, balance sheet, and cash flow statements instantly.
• Multi-currency and Multi-entity Support: Manages accounting across different branches and currencies, tracking FX gains/losses.
• KPI Dashboard and Analytics: Offers real-time analytics, ratios, and CFO metrics.

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.

Tyms Use Cases

• Automating routine bookkeeping tasks.
• Simplifying bank statement reconciliation.
• Managing accounts receivable and payable efficiently.
• Automating complex accounting entries like prepayments and depreciation.
• Tracking inventory levels and valuation accurately.
• Generating real-time financial reports for decision-making.
• Managing finances for businesses with multiple branches or currencies.
• Preparing books for tax filing and audits.
• Providing AI-driven financial insights and analysis.

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.

Tyms FAQs

• Is Tyms really an accounting software I can use as an accountant and non-accountant?

  Yes, Tyms is a comprehensive and simply modularized accounting software suitable for both accountants and non-accountants. It helps manage and automate accounting charts across assets, liabilities, equities, revenue, and expenses, simplifying tax preparation.
• Why makes Tyms an AI-powered accounting software?

  Tyms uses AI to simplify complex accounting processes, handling tasks like document data extraction, financial statement adjustments, error detection with automated fixes, and offering an AI accountant (Adam) to manage accounting tasks.
• How is Tyms different from SageOne, QuickBooks, Zoho Book and Xero?

  Tyms differentiates itself by being automation-first, eliminating the need for manual spreadsheet computations for tasks like prepayments, FX gain/loss, depreciation, etc. It integrates AI for efficiency and provides dedicated, responsive support at no extra cost.
• Can I migrate from another software?

  Yes, you can migrate from your existing accounting software to Tyms either directly through your dashboard or by contacting support via email.
• Is my data safe and private with Tyms?

  Yes, Tyms ensures data safety and privacy, backed by ISO 27001-2022 certification and SOC-2 Type-2 compliance, indicating adherence to international information security standards and verified controls for protecting customer data.

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.