Cifrato is an accounting automation platform that uses machine learning models to assist with invoice booking/recognition, data extraction and classification, and downstream posting to accounting systems. The vendor describes the core workflow as:
1) Pull electronic invoices from government tax/fiscal entities (e.g., Colombia’s DIAN and other LATAM authorities),
2) Extract and classify invoice data and accounting fields (taxes/withholdings, PUC accounts, cost centers),
3) Push prepared journal entries into ERPs/POS/accounting software, and
4) Provide bank reconciliation assistance and operational controls (statuses, alerts).
The homepage emphasizes automation of invoice causation, integration with ERPs/POS, and automated bank-reconciliation features. It also references vendor-published volume and efficiency metrics (see the "Customer Testimonials & Reviews" and "Case Studies" sections).
Primary buyer personas appear to be:
- Accounting teams in small and mid-market companies
- Outsourced accounting firms (contadores/firms handling multiple clients)
- Accounts payable teams handling high invoice volumes