Digits AI Accounting Platform - An AI-driven accounting platform designed to automate financial processes for small and medium-sized businesses.
## Purpose of Digits AI Accounting Platform
The primary purpose of the Digits AI Accounting Platform is to automate financial processes for small and medium-sized businesses (SMEs). It aims to improve efficiency by handling tasks such as bookkeeping, bill payments, invoicing, and financial analysis, allowing business owners to focus on core operations.
## Key Features of Digits
Digits offers several key features, including:
- **Effortless Setup**: Automatically connects to bank and credit card accounts to import transactions and generate financial metrics.
- **24/7 AI Bookkeeping**: Continuously classifies transactions and improves accuracy over time.
- **Managed Accounting**: Provides GAAP-compliant financial statements reviewed by accountants.
- **Tax Package**: Collects documents, prepares taxes, and maximizes R&D tax credits.
- **Bill Pay**: Supports ACH and check payments with automatic vendor details detection.
- **Invoicing**: Automates invoice generation with brand customization and real-time payment tracking.
## Benefits of Digits for Small Business Owners
Digits helps small business owners by:
- Automating repetitive financial tasks like bookkeeping and invoicing, saving time.
- Providing real-time financial insights (e.g., cash runway and burn rate) for better decision-making.
- Ensuring compliance with accounting standards (GAAP).
- Offering optional hands-on support from U.S.-based accountants for personalized assistance.
## Security Measures in Digits
Digits adheres to strict security protocols, including:
- **SOC 2 Type II Compliance**: Ensures data protection and encryption.
- **U.S.-Based Infrastructure**: Hosts sensitive financial data domestically for added security.
- **Custom ML Models**: Uses proprietary machine learning models for accurate and secure transaction processing.
## Key Features of Digits
Digits differentiates itself from traditional accounting services and other platforms through:
- **AI-Driven Automation**: Uses machine learning for real-time transaction classification and financial insights.
- **Integrated Financial Operations**: Combines bookkeeping, invoicing, and payments in one platform.
- **Unlimited Financial Reporting**: Allows dynamic exploration of financial data.
- **Real-Time Quality Checks**: Continuously monitors transaction accuracy.
- **GAAP Compliance**: Ensures adherence to U.S. accounting standards.
## How to Try Digits
Users can explore Digits through:
- A **free trial** available at [https://my.digits.com/join](https://my.digits.com/join).
- Scheduling a **demo** at [https://digits.com/demo](https://digits.com/demo).
- Upgrading to a full-service plan with optional accountant support.
### Citation sources:
- [Digits AI Accounting Platform](https://digits.com) - Official URL
Updated: 2025-04-01