CA-based Digits Acquires Basis Finance

Digits has acquired Basis Finance, and will be bringing the full power of their budgeting and forecasting platform into Digits. Over the past 3 years, Basis has crafted one of the leading FP&A modeling engines, with proven deployments through top accounting firms.

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Today’s leading accounting systems were designed over 20 years ago. Their focus on financial use cases is deeply entrenched at the transactional level. Digits was built with operators in mind. Transactions are stored in an object-oriented database. Unlike flat-file databases, this type of database excels at appending and connecting financial, operational and analytical attributes gathered throughout the company’s business journey.

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“Most people think of Digits as an AI-native accounting platform,” said Bebe Kim, co-founder and CEO of Basis. “What they don’t know is that Digits is also an FP&A-native accounting platform. Combining what Digits has built with what Basis has built is the FP&A holy grail.”

Basis.so is Strategic finance software platform for financial modeling, budgeting, revenue forecasting, dashboard visualizations, and reporting.

About Digits

Digits is the accounting platform that founders are excited to log into. They explore financial transactions like they would in a modern BI tool and control views using granular permissions.