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Most companies show Revenue accounts above the line or Operating part of the business. I think those are what should be captured for your Sales Analysis. However, below the line there are other Income Line Items which are not really part of operations. These are also being included in your sales section. I think they should be excluded because they cloud the revenue analysis.
Has anyone else run into inaccuracies in the executive summary? For example, for one of my clients, it says they had a $1900 decrease in spend with one of their vendors in Q2, but that’s not even possible when total spend on this vendor all year has only been $1200. I removed it from the executive summary but of course, that still pops up when they hover over that area in the Income Statement.
I’m excited to share a set of new tools we’ve been building: Digits Advisory Tools!Digits Advisory ToolsDigits Burn and Digits Sales, the first two tools in our Advisory Tools, kicks off our goal with these tools to make you the ultimate advisor.Wow and dazzle your clients with incredible visibility and insight -- at a moment’s notice.Built on top of our powerful Living Model, our team took a massive leap forward using machine learning and AI to give you the power of an entire team of analysts. Individually - for every single one of your clients!No setup required. Just click on the icons on your dashboard and it’ll just work, fully preconfigured for each of your clients.Incredible advantageNow you won’t need to spend hours pouring over financials to do analysis to find the perfect nuggets for your client. Let your competitors do that time consuming work. Meanwhile, you and your team will be deep diving into clients with speed and ease to drive real value to your clients. Now, a bit mor
Hello, Is there a way to give an employee Admin access and then select which companies I do not want her to have access to? It appears in order for her to share links and send emails to clients, she does not have that capability as account manager. But if I give her full admin access, then she can see my personal business financials which I do not want her to have. Thank you,
Creating financial reports usually takes hours. You have to gather all the information, then organize it, then analyze, and then finally create the charts and build the report your clients want.Starting today, all that changes.Introducing Digits Reports Builder.Our mission with Digits Reports Builder is to save you time building the best reports for you and your clients. Why start with a blank sheet when Digits Reports Builder can help pre-populate for the report -- with real-data and analysis -- for you. Cut the time it takes to build reports from hours to minutes. All of the intelligence.None of the work. No analysis needed. See an insight worth highlighting? Just click to add your executive summary. Just Drag. Drop. Done. Digits does the work for you. Decide what matters and add it to your report with just a click. Tell the best business story without breaking a sweat. Find the needle inevery haystack. Save hours a day calculating and
We were honored when the AICPA invited Digits to be part of its 10th-annual Digital CPA conference in Nashville.We wanted to take this opportunity to really show the accountants and finance professionals how much we appreciated them and enjoy building the next-generation of finance tools they use.I hope you can join us at one of our upcoming Digits Events!
Growing the Alliance -- Welcome, Bean AccountantsIt's well-known that the accounting industry and its technology and tools have been largely unchanged in decades. This lack of stimulus is what inspired Digits to develop the Living Model technology to power a new class of finance tools. There is a hunger in the industry for more powerful tools.We’re excited to welcome Bean Accountants to the Alliance as one of those firms now. Bean Accountants is partnering with Digits to gain access to our suite of groundbreaking tools. They will also be joining our Labs program to help shape the future tools. In a sector where tech-enablement and modern tools aren't always embraced with open arms, Bean is empowering accounting firms by streamlining how CPAs and Accountants connect with companies seeking project-based contracting. Bean will deploy Digits Search, Digits Reports, and Digits Reports Builder along with our other tools in Labs to their teams in the field.Shout OutsThank you to the firms w
At Digits, we strive to push the bounds of technology in order to deliver radically more useful, delightful software experiences for our customers. We’re excited to begin sharing a closer look at the technical foundations that underpin our products in a new series of blog posts called Building Digits. Without further ado…Let’s talk about viewing complex data. One of our primary goals at Digits is to provide business owners with insightful and holistic views of their company’s finances, in substantially real-time. Achieving this involves three major, independent steps: We collect all of their relevant data from various sources, such as their QuickBooks, the financial institutions they bank with, their corporate credit card providers, etc. We apply our algorithms and proprietary datasets to extend, interpret, and tease out meaning from all of their data. We consolidate and aggregate the results into a holistic view that we then visualize for them on their dashboard.FactsWe refer to the
We launched Digits Search, which brings fast, beautiful, full-depth search to business financial data. We’ve received a ton of great customer feedback, but one question just keeps coming up…How did you build this!?Well, let’s break down how Digits Search puts your finances at your fingertips.Digits ArchitectureFirst, some quick background on Digits:Digits links with your business’ accounting software and your financial institutions to build, and continually maintain, a living model of your business with the most up-to-date data. Once linked, we ingest all of that financial data in raw form, a collection that we call “facts”. We then use machine learning and data processing to normalize all of that overlapping, unstructured data. We perform a significant number of calculations to fill holes in the picture, such as predicting how your latest transactions will be categorized, detecting and predicting recurring activity, etc.The end result of all this work is a “view”, which is then effici
Understanding banking transactions as they happen, in real-time, is core to our mission with Digits Search. You can’t answer important finance questions with bad data.Transaction descriptions contain valuable information which helps us understand and communicate our customers’ business activity. The information we extract is then indexed and made available via Digits Search, and presented in a far more human-readable and intuitive manner than they would get from reviewing their raw bank or credit card statements.Here we wanted to share a peek behind the curtains on how we extract transaction information with Natural Language Processing (NLP) at Digits. You’ll learn how we apply state-of-the-art Transformer models to this problem and how we go from an ML model idea all the way to a production integration with our Digits Search product.Our PlanInformation can be extracted from unstructured text through a process called Named Entity Recognition (NER). This NLP concept has been around for
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
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.
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