Guaranteed Close Earlier

SOLUTION

Dayos AI bridges the gap for your company, addressing the challenges of rising workloads and declining resources in the accounting industry. By leveraging both its deterministic and non-deterministic layers, Dayos AI automates rule-based and non-rule-based tasks, transforming your month-end close process.

Qualitative Benefits of Dayos AI:

• Faster decision-making: CFOs and CEOs gain access to timely, accurate data, enabling quicker responses to market dynamics, regulatory changes, and operational risks.

• Improved accuracy: Errors during the financial close process can lead to significant financial and reputational consequences. Dayos AI ensures precision, reducing risks and enhancing compliance.

• Employee satisfaction: Automating repetitive and time-intensive tasks alleviates stress on accounting teams, fostering retention and improving morale.

• Competitive edge: Organizations with faster close cycles and real-time data insights can make more informed decisions, gaining a strategic advantage over competitors.

The platform features an intuitive AI interface and real-time dashboard, tracking the entire close cycle and pinpointing specific bottlenecks. From unapproved journal entries to delayed sub-ledger reconciliations, Dayos AI identifies inefficiencies and empowers your team to resolve them faster.

With Dayos AI, your organization can overcome the limitations of legacy tools and thrive in the face of increasing complexity and demand. By streamlining accounting workflows and enabling smarter decision-making, Dayos AI positions your organization to excel in today’s challenging financial landscape.

RESULT

With Dayos AI, companies are reducing month-end close times by an average of 1.5 days—a significant achievement given the time-sensitive nature of financial reporting. This reduction delivers both direct and indirect value to organizations:

• Cost Savings on Labor: By automating repetitive processes, accounting teams shift from doing to approving, reducing manual intervention. For example, automating just one day of financial tasks per month for a team of accountants earning an average of $140,000 annually can save organizations over $50,000 per year, assuming a team of 10 CPAs. This does not include the reduced turnover and hiring costs due to improved employee satisfaction.
  (Source: BLS CPA Salaries)

• Accelerated Financial Reporting: Faster close cycles mean that CFOs and CEOs receive actionable financial insights earlier, allowing for quicker responses to market conditions. If timely data helps organizations capture just a 1% improvement in decision-making for a $1 billion revenue company, it could translate into $10 million in strategic gains annually.
  (Source: Deloitte CFO Study, 2021)

• Improved Accuracy and Compliance: By automating workflows and providing real-time task monitoring, Dayos AI minimizes errors, which can be costly. The cost of a single material accounting error can range from $500,000 to $1 million depending on regulatory penalties or restatement requirements. Dayos AI’s proactive insights and validation tools reduce the likelihood of such events.
  (Source: PwC, “The Cost of Financial Errors”)

• Increased Employee Productivity and Satisfaction: Automating time-intensive processes reduces burnout, improving morale and retention. For a team of 10 accountants, reducing turnover (with an average replacement cost of $70,000 per CPA) can save organizations $140,000 annually by cutting attrition by just 20%.
  (Source: SHRM Employee Turnover Study)

• Strategic Focus: With administrative tasks minimized, accounting teams have more time to analyze trends, model financial scenarios, and collaborate on strategic initiatives. This qualitative benefit is reflected in improved organizational agility, helping companies adapt to dynamic business environments and remain competitive.

THE BOTTOM LINE

Large organizations, based on public records we analyzed, can unlock over $670,000 annually in measurable value by reducing month-end close times and streamlining financial workflows. By automating repetitive tasks and providing actionable insights, Dayos AI empowers these organizations to save time and resources while adapting to the complexities of today’s financial landscape.