Topics started by Wayne Chang

19 Topics

Wayne Chang
Wayne ChangCo-founder
published in What is Labs?

Why do I need a minimum of 3 books linked for Labs access?

Great question!Every business is unique and each come in their own shape and size. Labs is all about building together and seeing how our tools react to different businesses and empowering you with the perspective needed to provide the best feedback.Get excited! We're on a mission to build the finance tools of tomorrow.Pssst: a preview of our latest tool, Digits Boost: 

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Wayne Chang
10 hours ago
Wayne Chang
Wayne ChangCo-founder

Platform: Xero supportDiscussion ongoing

Add support for Xero

3
Wayne Chang
16 days ago
Wayne Chang
Wayne ChangCo-founder

Digits joins the Financial Data Exchange (FDX) to strengthen secure data accessalliance

At Digits, we have been strong and ongoing proponents of modern, secure connections between financial institutions. As part of our mission to build the finance tools of tomorrow, we believe in the need for common, open, interoperable standards for businesses to seamlessly transmit financial data. Today, we’re excited to share that Digits has joined the Financial Data Exchange (FDX) as a full member of its consortium.Enhancing the Security of Financial StandardsFor many years, the lack of a secure communication standard between financial institutions has led to one-off data sharing arrangements, proprietary, incompatible APIs, and a veritable cottage-industry of “screen scraping” approaches — which have significant downsides in implementation cost, reliability, and of course data security. This has led to the formation of FDX, the leading nonprofit consortium that’s unifying the North American financial sector around a single, secure communication standard.Drawing from our own rigorous 

120
Wayne Chang
27 days ago
Wayne Chang
Wayne ChangCo-founder

Announcing Financial Reports from the Future (and $65M Series C)Product Launch

  Today’s finance tools fall far short of what accountants and finance teams deserve—immersive storytelling backed by intelligent analysis, powerful visuals, and instant answers. It’s time to bid farewell to stale, black and white reports, tedious Excel models, and unsecured email attachments. Let relics go the way of relics.Financial reports are meant to tell a story. Today, that story is confusing—it’s told in a format that’s complicated, tough to understand, and hasn’t changed in decades. When business owners receive their monthly financials, they struggle to grasp the takeaway or what they should do about it. The burden falls upon them, their accountant, or their finance team to make sense of it all. SoftBank Vision Fund 2 and Harry Stebbing’s 20VC Growth Back our Vision for the Future of FinanceAs we’ve built Digits, we’ve been overwhelmed by the energy and excitement for our mission from founders, accountants, and investors alike, and we’ve been honored to have the financial back

10823
Michael
1 month ago
Wayne Chang
Wayne ChangCo-founder

Digits Reports: Read ReceiptImplemented

Add Read Receipt after sending Digits Reports

2
Wayne Chang
1 month ago
Wayne Chang
Wayne ChangCo-founder
published in General

I'm an Operator of a Business, How do I....?operators

Hello Operators!We at Digits are extremely excited to have built and made available to you the world’s first living model. Allowing us to build groundbreaking tools for professionals in the finance field — including you!One of our first areas of focus has been to build out tooling that meets the needs of folks who operate businesses to solve your most frequent and time intensive tasks.These tools will help drive efficiency and time savings, allowing you to not only spend more time running your business but also do it with the confidence of fully understanding the finances as well! :-) Here are just a couple of the workflows we have unlocked with our next generation tools:Find out how much you spend every month without combing through all your bank accounts. See it all in once place in seconds with Digits Search. Feel the speed here! Updating investors and your team on the latest on the business has never been easier! Create and send beautiful, interactive monthly end reports in one-cli

280
Wayne Chang
1 month ago
Wayne Chang
Wayne ChangCo-founder
published in General

I'm an Accountant focused on Audit, How do I....?auditors

Hello Auditors!We at Digits are extremely excited to have built and made available to you the world’s first living model. Allowing us to build groundbreaking tools for professionals in the finance field — including you!One of our first areas of focus has been to build out tooling that meets the needs of Auditors to solve your most frequent and time intensive tasks.These tools will help drive efficiency and time savings. All while still giving you the power you need to deep dive into the depths of a companies financials :-) Here are just a couple of the workflows we have unlocked with our next generation tools:Even with the thinnest of context like a transaction ID or a vendor to go off of, find the details to assess what is throwing off the numbers in no time with Digits Search. Find everything you need, down to the transaction level. Witness the speed here! With thousands of transactions, vendors and customers to comb through, keeping track of notes you find along the way is painful. 

160
Wayne Chang
1 month ago
Wayne Chang
Wayne ChangCo-founder
published in The Digits Story

Digits Story

Welcome to Digits!Jeff and Wayne founded Digits four years ago, on the premise of bringing business finance software into the future. Prior to starting Digits, we started and sold two previous startups together. It was through those journeys, that we came to the the realization and hopefully opportunity that there was a need for a more modern software to empower the finance field, small business owners and startup founders to more deeply understand their finances. Adobe for Creative Professionals, Digits for Finance ProfessionalsOur background comes from product analytics where about 10 years ago we built a mobile performance company that scaled to over 6 billion active smartphones and to one of the worlds largest mobile analytics platforms. With that product, we put a lot of energy in to making messy and disjointed data in the space more approachable, intuitive and understandable to folks building apps. With Digits we are taking that same approach to the finances of a business. Simila

130
Wayne Chang
1 month ago
Wayne Chang
Wayne ChangCo-founder
published in What is Labs?

How do I join Labs?Labs

SECURE - Labs-access Required (request access here) Welcome to Labs!Our world-class team of product builders are constantly exploring ways to apply the Living Model to build groundbreaking finance tools.What tools are in Labs right now?Digits Boost - Save time. Automate your work.  This is a mission-critical tool for accountants and bookkeepers. It scans for errors and issues in the ledger, and, through learning from your past work, even makes suggestions to fix. One-click, “Fix”, and it’s pushed to the ledger.  Digits Reports Builder - Drag. Drop. Done.  Spending 3-5 hours per client to reconcile and prepare the monthly report? Use Digits Reports Builder to drag what you want your clients to see. All the work is done for you.   What happens when tools graduate out of Labs?Tools that graduate out of Labs become fully-supported as a production-ready product. This means they get their own dedicated team of Product Managers, Product Designers, Engineering team, Support team, the works. Wh

5960
Wayne Chang
1 month ago
Wayne Chang
Wayne ChangCo-founder
published in The Revolutionary Living Model

Why is the Living Model so transformative?

 Today, businesses are forced to rely on a web of antiquated, manual, and time-consuming processes to record and model their financial activity and understand how that activity impacts their business.  Real-time transaction streams are increasingly available from financial institutions, but they are raw and unreconciled. Forward projections are still powered by spreadsheets and approximations, each one manually maintained—delaying leadership teams from making crucial decisions. Enter the Living ModelOur team has spent years building an innovative, machine-learning and A.I.-enhanced technology that perpetually runs millions of calculations, monitoring every business traction. We are call it: The Living Model. With every single change to your business, the Living Model is instantaneously updated and refreshed. It’s this underlying technology that powers our suite of never-before-built, game-changing finance tools.  What can you do with the Living Model?An incredibly fast Living Model wou

1210
Wayne Chang
1 month ago
Wayne Chang
Wayne ChangCo-founder
published in General

I'm a Bookkeeper/Accountant, How do I....?Bookkeepers/Accountants

Hello Accountants & Bookkeepers!We at Digits are extremely excited to have built and made available to you the world’s first living model. Allowing us to build groundbreaking tools for professionals in the finance field — including you!One of our first areas of focus has been to build out tooling that meets the needs of bookkeepers to solve your most frequent and time intensive tasks.These tools will help drive efficiency and time savings. All while still making you look great to your clients :-) Here are just a couple of the workflows we have unlocked with our next generation tools:Create and send beautiful, interactive monthly end reports to your clients in one-click. Why spend hours reconciling and designing a report by hand? Generate one with Digits Reports, proof, and then send. See how easy it is here!   Save hours of time doing manual variance analysis through using our robust reports analytics toggles. Quickly see if any accounts, vendors or transactions are out of place th

690
Wayne Chang
1 month ago
Wayne Chang
Wayne ChangCo-founder

Platform: QBO SupportImplemented

Support for Quickbooks

1
Wayne Chang
2 months ago
Wayne Chang
Wayne ChangCo-founder

Add signature signing effect in Digits ReportsImplemented

Add signature signing effect in Digits Reports

1
Wayne Chang
2 months ago
Wayne Chang
Wayne ChangCo-founder

[04.22 — Digits Upgrade] Upgrading: Digits Reports, Digits Search, Accountant Portal, Living ModelProduct Upgrades

   Introducing Quarterly ReportsWelcome to Q2 🙂 Now, with the click of a button, you can generate beautiful, immersive quarterly reports packed with all the intelligent executive summaries and actionable insights you get from standard, monthly Digits Reports. Quarterly Reports pack all the same power: infinitely explore your data through elegantly presented numbers and popular features like Hover to Discover.      Preview Mode — proof before you sendIt’s no surprise that accountants and financial professionals care tremendously about the details.  When it came to creating reports for their clients, they were interested in how their work would be presented. Inquisitive and detail-oriented users can now preview and share both emails and reports with themselves to see and review exactly what the others will receive when they are shared a report.   Full April Change Log Digits Reports + Digits Reports BuilderFeature: Quarterly Reports Support Users can now generate quarterly Digits Report

910
Wayne Chang
2 months ago
Wayne Chang
Wayne ChangCo-founder

Digits Search: A finance tool so powerful, you'll think we stole it from the futureProduct Launch

  Today’s finance software falls far short of what business leaders need—intelligent, powerful analysis and instant answers. No longer. We’re excited to introduce Digits Search, a brand new way to know and understand your business.Digits Search was born from the frustrations we experienced building and growing our first companies. But the discomfort went beyond just frustration—to pain and constant uncertainty. After speaking with hundreds of business owners, we realized we weren’t alone. For a growing business, nothing is more important than knowing the numbers.Before now, even with the best software and teams of accountants and analysts, entrepreneurs couldn’t get the answers they were looking for without sending out requests and twiddling their thumbs. They might be waiting hours or days until their books were updated, those reports were run, the figures exported, and finally shared. Just imagine if something came up over the weekend. Finance, meet search.For 99% of businesses out t

410
Wayne Chang
2 months ago
Wayne Chang
Wayne ChangCo-founder

Digits - Summer UpgradeUpgrade

Before diving in, we wanted to take a moment to wish you and your family well during these challenging times. This has certainly been an atypical Summer by any measure, and we hope you’ve stayed safe and healthy throughout. To whatever extent possible, we also hope you’ve had an opportunity to enjoy the (socially-distanced) great outdoors, whether on a bike ride, a mountain hike, or a campfire under the stars. Best wishes to you — Team DigitsIt’s been a busy summer at Digits, as we’ve been simultaneously laying the foundations for our next major launch as well as rolling out improvements to Digits based on customer feedback!While the business climate continues to be challenging, we’ve been working hard to further scale our Early Access program and get more companies off our waitlist. We believe that every business owner deserves to have the real-time visibility, and powerful, actionable intelligence they need to overcome the current market dynamics, and we’re racing as quickly as we ca

90
Wayne Chang
2 months ago
Wayne Chang
Wayne ChangCo-founder

Digits - June UpgradeUpgrade

As businesses around the country and around the globe continue to struggle during these unprecedented times, we’ve been working as quickly as possible to scale our technical infrastructure and our Early Access program to keep pace with demand and help those in need.At Digits, our mission is to provide the real-time visibility, and powerful, actionable intelligence, that business owners require to chart their course in this dynamic environment, and we feel the obligation to do as much as we can to help.This month, we’ve been focused on two major, parallel tracks: an intense effort to drive the scalability and accuracy of our core financial engine in order to accelerate how quickly we make it through our customer waitlist, and a return to green-field product development as we lay the groundwork for our next major launch, later this year.This month’s Upgrade is a BIG one. However, much is still under wraps, so stay tuned for more! June UpgradeDigits CoreAbility to enable or disable integr

100
Wayne Chang
2 months ago
Wayne Chang
Wayne ChangCo-founder

Digits - May UpgradeUpgrade

After two years of heavy development, we’ve announced Digits for Expenses! We couldn’t be more humbled by the support and excitement we’ve seen from countless business owners and accountants across the country and around the globe, and we’re working tirelessly to get them into our Early Access program.Since our launch, we’ve also been solidifying Digits’ underlying financial engine. Businesses come in all shapes and sizes, so we need to be absolutely certain that Digits supports them all.This month, our biggest upgrades focused on new technology to help ensure that our understanding and your understanding of your business’ financials are the same. Automated P&L and Balance Sheet ValidationData quality is at the heart of our mission to provide real-time visibility and actionable insights into how your business is spending money, and we’re constantly iterating on approaches to guarantee both precision and accuracy, while keeping your data private and secure.Over the past month, we’ve

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Wayne Chang
2 months ago
Wayne Chang
Wayne ChangCo-founder
published in General

New to Digits? Learn more.

Welcome to Digits!We’re on a mission to build groundbreaking finance tools leveraging our state-of-the-art Living Model technology.What is the Living Model?The Living Model technology unlocks tremendous capabilities in business finance. We’re on a mission to build the tools never before possible that solve the biggest pain points. These tools should each be something that’s both incredibly powerful, yet extremely familiar to use.Take a look at this video describing our team’s breakthrough innovations Dig deeper with our “How it works” technology pageWhat is this community about?It’s for business owners and finance professionals including bookkeepers, accountants, strategic finance, CFO’s, and more that want not only access to the next generation finance tools, but influence and help shape them as well. Building together is a core belief we have here at Digits and we want to build the tools that solve your biggest needs.How did you decide which tools to build first?We’ve been working wi

2130
Wayne Chang
2 months ago

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