Digitoo automates the accounting process by utilizing artificial intelligence to read and transcribe invoices from various digital formats directly into accounting systems. This technology eliminates the time-consuming manual data entry associated with invoice processing, allowing businesses to focus on growth and strategic decision-making.
Funding
$6.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Manual invoice processing is time-consuming and prone to errors, requiring businesses to spend countless hours on data entry and reconciliation. Extracting data from various digital invoice formats (PDF, PNG, JPEG, etc.) and inputting it into accounting systems is a tedious task that distracts from core business activities.
Solution
Digitoo automates invoice processing by using AI to extract and transcribe data from invoices in various digital formats directly into accounting systems. The platform eliminates manual data entry, saving time and reducing errors. Digitoo learns how users categorize invoices and automates the approval process. The system integrates with existing accounting software, allowing for seamless data transfer and real-time access to financial information.
Target Audience
Digitoo targets businesses of all sizes that are looking to automate their accounting processes and reduce the time spent on manual invoice processing.
Features
- AI-powered invoice data extraction from PDF, PNG, JPEG, TIFF, and ISDOC formats
- Automated invoice approval workflows based on learned user behavior
- Integration with various accounting systems
- Real-time access to financial data
- Digital document management and storage