Market Research Report: DOKKA
Company Overview
Name:
DOKKA
Mission of the Company:
DOKKA empowers finance teams to move beyond manual tasks and focus on strategic thinking and forward-looking plans, revolutionizing how finance teams work through proprietary AI technology.
Founded:
No information is available
Founders:
No information is available
Key People:
- Adoram Yarden, CEO
- Emil Zak, CTO
- Eric Edelstein, CRO
- Arik Fishbein, VP R&D
Headquarters:
No information is available
Number of Employees:
No information is available
Revenue:
No information is available
Known For:
DOKKA is known for its AI-powered automation solutions for accounting functions, particularly in accounts payable and financial close processes, aiming to eliminate up to 80% of manual work and improve financial efficiency.
Products
AP Automation Software
Description:
DOKKA’s AP Automation software streamlines invoice processing, automates approvals, and simplifies invoice matching.
Key Features:
- Processes vendor invoices in 10 seconds
- Matches invoices to POs and receiving documents
- Automates approval workflows with AI
- Custom API available for additional ERP integrations
- Smart digital archive for document management
- Advanced scanning technology for keyword search
- Flawless PO-matching and line item extraction
Financial Close Management Software
Description:
Financial Close Automation platform helps finance teams shorten their closing cycle, stay audit-ready, and gain real-time visibility into their data.
Key Features:
- Automates closing tasks and detects anomalies
- Proposes adjusting journal entries
- Centralizes data from various sources
- Automates the creation of financial reports
- Compliance and audit readiness
- Enhanced transparency with detailed audit trails
Recent Developments
New Products Launched:
- Integration with SAP Business One for enhanced Accounts Payable features.
- Integration with QuickBooks for AP automation.
- Integration with Acumatica for intelligent invoice data extraction and validation.
New Features Added:
- Line Item Extraction: Allows the import of line items from documents into journal entry recommendations.
- 2-Way & 3-Way Matching: Reconcile POs, goods receipts, and invoices with visualization of discrepancies.
- Enhanced document management and search capabilities resembling a virtual desk experience.
New Partnerships:
- Official partnership with Priority ERP to automate journal entries and approval flows.
Other Developments:
- Enhanced scalability and security with ISO27001 certification.
- Proprietary AI technology further reducing processing times and increasing accuracy across various languages and formats.
Conclusion
DOKKA leverages its advanced AI technology to streamline various financial processes, specifically accounts payable automation and financial close management. The company continues to innovate with new product features and integrations, positioning itself as a leader in the accounting automation space. No additional commentary is provided at the end of this report as per the guidelines.
