Starting a business is exhilarating. It's about innovation, creativity, and pushing boundaries. It's about building a product your customers love or offering a service to your community.

But it’s also full of tasks you hate—like pouring through financial reports, sorting piles of receipts, and paying bills…

Today, we're launching AI Bill Pay, the world's most advanced (and most automated) bill-pay solution for small businesses—and it's built right into Digits.

It’s quick, it’s easy, it’s brilliant.

Finally: Bill Pay Built For Startups

🖱️ Drag. Drop. Approve. Pay
Just drag & drop invoices onto the dashboard or forward them via email. Digits AI handles the rest.

🔍 AI-powered Bill Review & Data Entry
Eliminate manual data entry with automated extraction of bill details and line-items.

💸 One-Click Pay
ACH or Check, it's easy! Choose how to pay your vendors with just a click.

🧠 Smart Notifications
Never miss an update. Smart notifications make it easy to stay on top of your AP workflow.

🔐 Bank-grade Security
Digits is SOC2 certified, with encryption at every layer to protect your financial data.

♾️ No Monthly Fees!
AI Bill Pay is built right in, with no additional monthly fees! Save time, save money, and save hassle by consolidating your finance stack.

Your Workflow, Simplified

We grew frustrated with the industry-leading, clunky bill pay options. With AI Bill Pay, all you do is drag & drop your bills onto the dashboard or forward them via email! Digits AI handles the rest—processing the bills and extracting all the relevant vendor and payment information, even line-item details!

With approval workflows built-in, you just click Approve and Pay, and get back to growing your business.

AI-powered Bill Review

Let's be honest: manually entering bill payment information is a waste of time and prone to errors. It’s time to leave that world behind.

AI Bill Pay is the result of over a year of custom model training and development. Our Machine Learning team has pioneered state-of-the-art layout-aware language models, which fully understand invoice document structure and dramatically outperform well-known 3rd-party LLMs. These models are proprietary to Digits, self-hosted, and operate and train on encrypted data, guaranteeing the safety of your most sensitive financials.

Your bills never leave the secure confines of Digits' US-based infrastructure, are encrypted at rest, and are never shared with any 3rd-party AI companies or models, including OpenAI/GPT.

The result is speed and quality you can trust: Digits AI reliably and accurately extracts all the required details for every bill in seconds, saving you hours each month.

Designed for Speed

Almost every AP product looks the same. Not Digits! We designed AI Bill Pay with a key focus on speed, leveraging an intuitive, Kanban-style interface (aka a simple status board) so you can instantly track every bill in one place and a custom-built, multi-page, auto-zooming document viewer to seamlessly review even the most complicated bills.

Digits lets you to track your bills with just a few clicks, and smart enhancements such as tags on bills that are overdue, totals on outstanding bills, and payment history at a glance make it incredibly easy to manage your cash flow.

Integrated & Automated

The key to efficient accounting workflows is seamless integration. With Digits, AI Bill Pay isn't an add-on you need to configure or a separate tool you need to sign up for.

Now, everything you need to handle your accounting & AP operations is built right in and directly accessible in one place—Digits!

At Digits, we're on a mission to reimagine accounting, and all of its related workflows. We save you hours and bring you peace of mind, so you can get back to what matters most—building and growing your business.

Our team has poured their hearts and souls into this product, and after 18 months of design & engineering, we're launching AI Bill Pay today with no monthly fees.

Accounts Payable is a chore no one likes, but it's critical to running your business. It’s time to upgrade your workflow, eliminate the tedium, and automate your back-office with AI Bill Pay—built right in to Digits.

I can't wait to hear what you think,

Jeff Seibert

Co-Founder & CEO

@jeffseibert

Spring has sprung, and so has innovation here at Digits! Harnessing the vibrant energy of this season, we have been working on new AI-powered features aimed at making your experience more efficient and customizable. Let's dive into these recent developments, all set to ramp up your financial management.

Quick Hits

🔌 Real-time Ramp Sync: Direct integration to Ramp for fast and secure transaction import.

⌛ Reports for Any Time Range: Reports are now available across multiple time ranges.

📊 Month-over-Month Comparisons: Get even more granular with MoM breakdowns by column.

🗃️ Vault for All Your Files: Store your financial files & share them directly on Digits.

🔌 Real-Time Ramp Sync

A new direct integration is now available for fast, reliable, and secure import of Ramp transactions, all in real-time:

• Synchronous import of Ramp transactions
• Memo and line items migrate from Ramp
• AI-powered categorization

⌛ Reports for Any Time Range

Reports are now available across multiple periods to fulfill requests from investors and banks.

🗃️ A Vault for All Your Files

We’ve heard your feedback that you wish file storage was built into Digits.

Well, now it is!

Store your financial files directly on Digits, safely and securely. Digits uses industry-leading, per-secret, authenticated envelope encryption to guarantee the safety of your data.

📊 Compare Month-over-Month in Reports

Coming Soon - We will be supercharging Reports with monthly breakdowns by column:

• Up to six months, quarters or years of lookback
• Heatmap of the largest changes across periods
• Trendlines and details views for even more data

In the ever-evolving landscape of financial technology, security stands as the foundation of what we do at Digits. Back in 2020 we partnered with the Financial Data Exchange to strengthen secure data access and late last year called for Open Accounting with the launch of Digits Connect, the world’s first API platform for the secure access and sharing of accounting data, giving businesses autonomy over their financial information. The future of accounting requires careful consideration of privacy, security, and compliance from the outset is key in the future of accounting and pivotal in consumers data protection and trust.

With accounting and finance more open than ever, Digits is protecting your data with even higher standards. Last year, we launched the first private, accurate, and secure finance AI developed for startups & accountants and is a testament to our security-first approach. Our proprietary financial modeling engine is secured with AES-256 encryption, advanced key protection techniques, and dedicated U.S.-based infrastructure to ensure our customer data is protected with rigorous defenses. This triple-tier approach ensures that data is secured against any potential threats.

Announcing SOC2 Type 1 Compliance

Today, we are thrilled to announce another significant milestone — Digits is SOC2 Type I compliant, further solidifying our position as the leader in security within the accounting AI space. Achieving this signifies that Digits has met rigorous standards for the security of our systems and the data we handle by the American Institute of Certified Public Accountants (AICPA).

SOC2 is the gold standard in the accounting industry. This attestation involves thorough audits, ensuring that Digits continuously prioritizes and upholds the trustworthiness of our users' financial information and data while helping to mitigate potential risks associated with data breaches and cyber threats. Architected by an industry-leading engineering team, Digits’ security posture includes regular audits and penetration testing, an intrusion detection system, and observability-minded approaches to network and infrastructure hardening, further establishing our commitment to maintaining the highest security standards in accounting.

Empowering Startups and Accountants Through Trust

Accountants have access to sensitive information and need a secure framework in place to protect such data. Being SOC2 compliant is not just a checkbox; it's a testament to Digits’ dedication to transparency, integrity, and the security of our customers’ financial information. As we continue to lead in the accounting AI space, SOC2 compliance empowers companies of all sizes to trust Digits with confidence when it comes to their accounting. Your data is not merely processed; it's handled with the utmost care and protection, allowing you to focus on growing your business while we take care of the security complexities.

Continuing to lead — Our SOC2 Type II Journey

In the dynamic world of AI-driven finance, trust is earned through actions, not just words. Digits’ journey to SOC2 compliance reinforces our commitment to providing the most secure environment for your financial data. As we celebrate this achievement, we look forward to continually setting new benchmarks for security, innovation, and excellence in AI as we build the future of accounting. We're currently sitting for our SOC2 Type II observation window as we continue to strengthen our information security program and blaze new trails for the future of accounting. If you're interested in learning more about our SOC2 compliance you can visit the Digits Trust Center.

After 100+ years of combined industry experience, thousands of customer calls, and literally millions of lines of code, we at Digits have come to an unfortunate realization:

Small business accounting, in the United States, is fundamentally—foundationally—broken. And software is to blame.

While this pains me deeply, as a lifelong programmer, to admit, it also gives me great hope, because if there is anything we have the power to fix, it's the software!

So how did we get here, and what are we doing about it?

The Digits Journey

Digits was born out of frustration 5 years ago. Over the course of my two prior startups, I was struck by the difference in data quality between the product-engineering side of the business (where we had live user dashboards, performance monitoring, and real-time graphs 📈) and the finance side of the business (where I was waiting 2-3 weeks after each month for a black & white PDF balance sheet and income statement 👎).

"That's crazy!", I thought. All I wanted was a real-time finance dashboard that showed a live view of our cash, burn, runway, sales, and top expenses. "How hard could it be?"

Famous last words.

Over the past 5 years, we have obsessively peeled back the onion, from accrual- to cash-basis accounting, to bank feeds and reconciliation, to transaction string parsing and vendor identification, to chart of accounts canonicalization, to custom ML models trained on double-entry accounting rules, and more.

Every layer reveals a whole host of new issues that compromise data quality and inhibit automation, and the roots trace all the way back to the banking mainframe revolution of the '60s and early '70s.

But don't worry—you don't need to know COBOL to understand what's broken, or how we can fix it.

Accounting is Broken

In the US, over 99% of all companies are small businesses. They form the foundation of the US economy, are responsible for over half of net-new job creation, and deliver almost half of the country's GDP.

And yet, for these ~30 Million small business owners, accounting is broken.

In the world of business finance, we know that quick, data-driven, and easy-to-understand reports are not just a matter of convenience, but a critical requirement—so we’ve focused these last few weeks on pushing the bounds of what's possible.

Our most recent upgrades to Digits make reports far faster to create, easier to customize, and even smarter!

🚀 Unmatched Speed with Digits Reports

Gone are the days of crucial financial insights taking weeks to arrive. Thanks to a brand new technical architecture, Digits reports are faster than ever and now load in mere milliseconds. Imagine this - you're on the elevator up to an investor meeting and you generate a complete, data-rich report in the time it takes to ride up just one floor. This level of speed is about efficiency blended with real-time business decision-making and instant sharing of data-driven insights when you need them most.

💬 One-Click Annotations

In the high-stakes, collaborative world of business finance, we know the value of a well-placed comment. With our new one-click annotation feature, adding notes to your reports is as seamless as a hover and a click. Share your thoughts, make key observations, tag your colleagues, add hyperlinks, or simply jot down important points right on the relevant part of the report.

🔍 Data Exploration Unlocked

To unlock true business potential, it’s crucial to keep exploring – to keep asking questions and finding answers in the depths of your data. Powered by our advanced AI, hover-to-discover allows you to dive deeper into your data, unmasking trends beneath layers of transactions, and empowering you with an improved understanding of the dynamics within your business.

📊 Instant Trend Analysis

Understanding business trends is at the heart of strategic decision making. Add trendlines and deltas to reports so you can quickly and effortlessly tell the visual story you need. These visual cues can help you, your team, and your stakeholders get a deeper understanding of your financial data and the story it tells – further enabling you to steer your business decisions from an informed perspective.

🧠 Sophisticated AI Assistance

We've integrated our groundbreaking Digits AI assistant directly into reports to make analysis even easier! Ask complex, tailored questions and let the AI guide you through the sea of data, all while generating insightful graphs you can directly drag into your report. Handling your financials has never been easier – or faster.

With winter approaching, it may be a sign to cozy up and hibernate for some, but not for the team at Digits. We’ve got even more updates and enhancements lined up, so keep your eyes peeled here for what’s next – coming your way soon! 👀