Accounting automation solutions provider
Digits AI Invoicing is designed specifically for startups, allowing business owners to manage their invoicing workflows visually.
"The worst part of owning a business is running the business—sending out invoices, nagging your customers, tracking down payments—it's a huge time sink," said Digits CEO Jeff Seibert. "With AI Invoicing, we're taking another giant leap in finance automation. Our new solution simplifies and automates your AR workflows, saving you countless hours as receivables and payments are automatically reconciled to your books."
The system uses AI to generate invoices, pulling in customer details, pricing and payment terms with minimal user input. It keeps tabs on incoming payments and knows when invoices are viewed, paid or overdue with tracking and automated follow-ups (the AI automatically sends gentle reminders and escalates follow-ups when needed.) AI Invoicing integrates directly with the user's Digits accounting system. Users can personalize their invoices with their own logo, branding and custom fields. Digits also claimed "bank-grade security, including SOC 2 Type II compliance" to protect sensitive financial information within the Digits encrypted infrastructure.
Digits has plans for further capacity upgrades in the future. Right now, the company is training its layout-aware models to read contracts, extract details and automatically generate invoices for review. Ultimately, it expects the AI to be able to do things like getting a contract signed and having an invoice ready to send without manual input.
The product complements Digits' AI-driven AP solution
Digits has made major AI investments over the years and Seibert, its CEO, has generally been interested in the field for years. Recently, he
