Finansist AI
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Terms of Use

Effective as of 2025Finansist AI, Inc. · questions to [email protected]
1

Definitions

Platform / Servicemeans the Company's AI-based platform for reconciliation, financial analysis, invoice detection, data processing, communication assistance, and related tools.
Usermeans the individual or legal entity accessing or using the Platform, including its authorized users, employees, contractors, representatives, and administrators.
User Datameans any data, files, records, documents, emails, attachments, ERP exports, Excel files, accounting data, financial data, supplier data, customer data, transaction data, or other materials submitted, uploaded, connected, generated, or processed through the Platform by or on behalf of the User.
Outputmeans any report, classification, suggestion, communication, reconciliation result, invoice detection result, analysis, document, or other material generated by or through the Platform.
2

Service Description

The Platform provides AI-based reconciliation, financial analysis, invoice detection, data processing, automation, and communication assistance tools.

The Platform may process User Data from the User's own systems, including email, ERP systems, accompanying accounting systems , spreadsheets, cloud storage, and other sources authorized or provided by the User.

The Company may update, modify, improve, suspend, replace, or discontinue any part of the Platform from time to time, subject to these Terms and applicable law.

3

Account Access and Authorized Users

The User is responsible for all activity under its account and for ensuring that only authorized persons access the Platform.

The User must keep login credentials secure and must promptly notify the Company of any unauthorized access, suspected compromise, or security incident affecting the User's account.

The User is responsible for configuring permissions, managing authorized users, and ensuring that its personnel use the Platform in compliance with these Terms.

4

License and Use Rights

Subject to the User's compliance with these Terms, the Company grants the User a limited, non-exclusive, non-transferable, revocable right to access and use the Platform for the User's internal business purposes during the applicable subscription or service period.

No rights are granted except as expressly set out in these Terms.

5

Professional Disclaimer

The Platform does not constitute accounting, legal, tax, audit, financial, investment, regulatory, or professional advice.

All Outputs are provided for assistance, automation, analysis, and workflow support only. The User must independently review, verify, approve, and validate all Outputs before relying on them or using them for accounting, financial reporting, legal, business, or operational purposes.

The Company does not guarantee that all results will be complete, accurate, compliant with legal requirements, error-free or suitable for the User's purposes.

6

User Data and Source of Records

The Platform does not create or maintain independent primary records of the User's financial, accounting, operational, supplier, customer, or business data.

All data processed, generated, or communicated through the Platform must originate from, and correspond to, data that exists within the User's own systems, including the User's email, ERP, accounting, finance, cloud storage, spreadsheet, or other business systems.

The User is responsible for providing accurate, complete, lawful, and up-to-date data to the Platform. Any inaccuracies, errors, omissions, outdated records, or unlawful data provided by the User may affect the Outputs, and the Company shall not be responsible for consequences arising from such data.

The User acknowledges and agrees that:

  • the Platform is not a system of record and does not serve as a standalone source of truth;
  • reports, documents, invoices, communications, Outputs, and other materials obtained through the Platform are delivered to the User for further review, processing, recording, and storage;
  • the User is solely responsible for recording, duplicating, backing up, and maintaining such data within the User's own internal systems;
  • the Company is not responsible for any data that is not properly recorded, duplicated, backed up, or maintained by the User in the User's own systems.
7

AI Processing and Data Usage

The Platform uses machine learning and artificial intelligence technologies to provide, improve, optimize, and secure the Service.

The Company may process User Data through AI systems for the purpose of providing the Service, generating Outputs, improving workflow accuracy within the User's environment or workspace, and maintaining the functionality, security, and performance of the Platform.

Such processing is an integral and necessary part of the Service and cannot be disabled while using the relevant Platform features.

The Company does not use User Data to train, fine-tune, or improve its own AI models, whether for the User, for other customers, or for general model development.

The Company may use anonymized and aggregated data for analytics, product development, benchmarking, and service optimization, provided that such data does not identify the User, the User's personnel, suppliers, customers, counterparties, or other individuals. Such use does not include training, fine-tuning, or improving AI models on User Data.

Where third-party AI providers are used to deliver Platform functionality, such providers may process User Data and may use it for their own model training, model improvement, or service improvement in accordance with their own terms, policies, and data processing arrangements.

8

Email Communications

Where the Platform assists with email communications, such communications are generated, sent, or processed through the User's own systems or accounts, unless otherwise expressly agreed in writing.

The Company is not responsible for the accuracy, validity, completeness, lawfulness, or deliverability of email addresses, contact details, recipient information, or message content provided, approved, or used by the User.

The User is solely responsible for ensuring that all recipient information is correct, lawfully obtained, and lawfully used, and that all email communications comply with applicable laws, contractual obligations, confidentiality obligations, and internal policies.

9

Acceptable Use

The User must not:

  • use the Platform for any unlawful, fraudulent, misleading, harmful, or unauthorized purpose;
  • violate applicable laws, regulations, third-party rights, privacy rights, intellectual property rights, or contractual obligations;
  • upload or process data that the User is not authorized to provide to the Platform;
  • perform scraping, automated extraction, harvesting, collection, or bulk export of data from the Platform or its Outputs for analysis, replication, benchmarking, model training, or competitive purposes;
  • reverse engineer, decompile, disassemble, copy, modify, or attempt to derive the source code, architecture, prompts, models, workflows, algorithms, or underlying logic of the Platform;
  • attempt to bypass, disable, interfere with, or circumvent security, access controls, rate limits, monitoring, or usage restrictions;
  • perform jailbreaking, prompt injection, adversarial attacks, abuse testing, or similar activity except where expressly authorized in writing by the Company;
  • use the Platform to create, train, benchmark, improve, or support a competing product, service, model, platform, or dataset;
  • introduce malware, malicious code, corrupted files, or harmful material;
  • overload, disrupt, degrade, or interfere with the Platform or the Company's infrastructure;
  • share access credentials or permit unauthorized persons to use the Platform.

The User must use the Platform reasonably and in accordance with documentation, instructions, technical limits, and applicable usage policies. Excessive, abusive, abnormal, or harmful usage may result in limitation, throttling, suspension, or termination of access.

10

Fees and Payment Terms

Use of the Platform may be subject to fees, subscription charges, usage-based charges, minimum commitments, taxes, and payment terms determined by the Company and communicated to the User.

Unless otherwise agreed in writing, all fees are non-refundable, exclusive of taxes, and payable in accordance with the Company's invoice or payment instructions.

The Company may suspend or terminate access for non-payment, failed payment, chargeback, or other payment breach after providing notice where required by applicable law or agreement.

11

Security and Backup

The Company shall use commercially reasonable efforts and industry-standard technical and organizational measures designed to protect User Data.

The Company may maintain backups, but full recovery of the Platform, User Data, or Outputs is not guaranteed.

The Company shall use commercially reasonable efforts to restore the Platform to its prior operational state as soon as reasonably practicable following a cyber incident, system failure, outage, or other disruption.

The User is responsible for maintaining independent copies and backups of records, files, data, reports, and Outputs in the User's own systems.

12

Third-Party Services and Integrations

The Platform may connect to or rely on third-party services, including email providers, ERP systems, accompanying accounting systems , cloud services, AI providers, hosting providers, analytics providers, and other integrations authorized or used by the User.

The Company is not responsible for third-party services, their availability, performance, security, terms, policies, outputs, data accuracy, or failures.

The User is responsible for ensuring that it has the necessary rights, permissions, consents, licenses, and lawful basis to connect third-party services to the Platform and to allow processing of data from such services.

13

Confidentiality

Each Party undertakes to keep strictly confidential and not to disclose, publish, transmit, or otherwise make available to any third party any Confidential Information, whether disclosed orally, in writing, electronically, through the Platform, or by any other means.

Confidential Information includes any non-public information relating to the Company, the User, their business, operations, clients, financials, technologies, products, services, pricing, commercial terms, platform usage, data, records, or other proprietary or sensitive information.

Without limiting the foregoing, the Company's Confidential Information includes:

  • ideas, concepts, know-how, methodologies, and business models related to the Company's products or services;
  • the structure, logic, functionality, workflows, algorithms, prompts, AI models, automation processes, and architecture of any application, platform, or system developed or planned by the Company;
  • product roadmaps, development plans, technical documentation, and specifications;
  • client data, financial data, pricing, and commercial terms;
  • any non-public information that derives independent economic value from not being generally known.

Each Party shall use Confidential Information solely for the purposes of performing its obligations or exercising its rights under these Terms and shall take reasonable measures to protect such information, including at least the same level of care it applies to its own confidential information, but in no event less than a reasonable standard of care.

Confidentiality obligations do not apply to information that the receiving Party can demonstrate:

  • is or becomes publicly available without breach of these Terms;
  • was lawfully known to the receiving Party before disclosure;
  • is lawfully received from a third party without confidentiality restriction;
  • is independently developed without use of or reference to Confidential Information;
  • must be disclosed by law, court order, regulator, or governmental authority, provided that the receiving Party gives prior notice where legally permitted.

The confidentiality obligations under this Section shall survive termination of these Terms for a period of no less than three (3) years, and with respect to trade secrets, for as long as such information remains confidential under applicable law.

Any unauthorized use, disclosure, or dissemination of Confidential Information, including unauthorized discussion, presentation, or sharing of the Company's ideas, application concepts, functionality, or operational logic with third parties, shall constitute a material breach of these Terms and may violate trade secret rights.

In the event of a breach or threatened breach of this Section, the non-breaching Party shall be entitled to seek immediate injunctive relief, in addition to any other remedies available at law or in equity, without the need to prove actual damages.

14

Intellectual Property

The Company and its licensors retain all rights, title, and interest in and to the Platform, software, technology, workflows, models, algorithms, prompts, designs, user interface, documentation, know-how, trademarks, trade names, service marks, and related intellectual property.

Except for the limited use rights expressly granted in these Terms, the User receives no ownership rights in the Platform or any Company intellectual property.

The User retains ownership of User Data, subject to the rights granted to the Company to process User Data as necessary to provide, maintain, secure, support, and improve the Platform in accordance with these Terms and the applicable privacy policy or data processing addendum.

Unless otherwise agreed in writing, the User may use Outputs for its internal business purposes, subject to the User's obligation to review and verify such Outputs before relying on them.

The User grants the Company a limited right to process User Data and Outputs as necessary to provide, operate, maintain, secure, troubleshoot, support, and improve the Platform in accordance with these Terms.

15

Privacy and Data Protection

The Company's processing of personal data is governed by the applicable privacy policy and data processing addendum made available by the Company.

The User is responsible for ensuring that it has a lawful basis to provide personal data to the Platform and that all required notices, consents, permissions, and authorizations have been obtained.

16

Service Limitations

The Platform may experience technical issues, interruptions, limited availability, inaccurate results, incomplete Outputs, delays in data processing, reduced performance, unavailable features, or other deviations in performance.

The User acknowledges that the volume, nature, and complexity of data processed through artificial intelligence technologies are subject to ongoing testing, analysis, adjustment, and optimization. These factors may affect the performance, accuracy, reliability, and availability of the Platform.

The Company is committed to continuously improving the stability, accuracy, security, and reliability of the Platform, but does not guarantee that the Platform will be uninterrupted, error-free, fully available, or suitable for any specific purpose.

17

Suspension and Termination by the Company

The Company may suspend, restrict, or terminate access to the Platform, in whole or in part, upon providing prior notice to the User within a reasonable period.

For the purposes of these Terms, a reasonable notice period shall be no less than thirty (30) calendar days, unless earlier suspension or termination is required due to:

  • material breach by the User;
  • unlawful, harmful, excessive, abusive, or unauthorized use;
  • security risk or suspected compromise;
  • non-payment;
  • technical, legal, regulatory, operational, or infrastructure necessity;
  • discontinuation of the Platform or relevant feature;
  • requirement by law, court order, regulator, third-party provider, or governmental authority.

The Company may suspend or terminate access with immediate effect where reasonably necessary to protect the Platform, the Company, other users, third parties, data, security, or legal compliance.

18

Termination by the User

The User may discontinue use of the Platform at any time by providing the Company with at least thirty (30) calendar days' prior written notice, unless otherwise agreed in writing.

19

Effect of Termination

Upon termination or discontinuation of the Platform:

  • the User's access to the Platform shall be revoked;
  • all services shall cease;
  • all outstanding fees, if any, shall become due and payable;
  • the Company shall provide the User with access to data stored within the Platform solely for the purpose of viewing and/or exporting such data for a period of up to two (2) months from the date of termination of the services, unless otherwise agreed in writing;
  • upon expiration of such period, the Company may delete such data from its servers without further notice and without liability to the User, subject to applicable law, backup cycles, security requirements, dispute resolution, and legal retention obligations.

Sections that by their nature should survive termination shall survive, including confidentiality, intellectual property, payment obligations, disclaimers, limitation of liability, indemnity, governing law, and dispute resolution.

20

Warranties Disclaimer

The Platform is provided on an "as is" and "as available" basis, without warranties of any kind, whether express, implied, statutory, or otherwise.

To the maximum extent permitted by applicable law, the Company disclaims all warranties, including warranties of availability, accuracy, completeness, reliability, merchantability, fitness for a particular purpose, title, non-infringement, and uninterrupted or error-free operation.

21

Limitation of Liability

To the maximum extent permitted by applicable law, the Company shall not be liable for indirect, incidental, special, consequential, exemplary, punitive, or similar damages, or for loss of profits, revenue, goodwill, business opportunity, data, records, savings, or anticipated benefits, whether based on contract, tort, negligence, strict liability, or any other legal theory.

No claims, demands, or liabilities shall arise against the Company in connection with temporary unavailability, technical malfunction, inaccurate Outputs, incomplete Outputs, delays, interruptions, data processing limitations, or service limitations, except to the extent liability cannot be excluded under applicable law.

To the maximum extent permitted by applicable law, the Company's aggregate liability arising out of or relating to these Terms, the Platform, the Service, User Data, or Outputs shall be limited to the fees paid by the User to the Company for the Service during the six (6) months preceding the event giving rise to liability.

If no fees were paid during such period, the Company's aggregate liability shall be limited to 1000 USD.

22

Indemnity

The User shall indemnify, defend, and hold harmless the Company, its affiliates, officers, directors, employees, contractors, representatives, licensors, and service providers from and against any claims, damages, losses, liabilities, costs, and expenses, including reasonable legal fees, arising out of or related to:

  • the User's use of the Platform;
  • User Data;.
  • the User's breach of these Terms;
  • violation of applicable law by the User;
  • infringement or misappropriation of third-party rights by User Data or the User's use of the Platform;
  • unauthorized or unlawful use of third-party systems, emails, contacts, files, ERP systems, accompanying accounting systems, or other data sources;
  • failure to review, verify, store, maintain, or back up records or Outputs;
  • unauthorized disclosure or misuse of Confidential Information.
23

Changes to the Terms

The Company may update these Terms from time to time. The updated version will be made available through the Platform, website, email, or other appropriate notice.

Material changes will be communicated where required by applicable law or contract.

Continued use of the Platform after the effective date of updated Terms constitutes acceptance of the updated Terms, where permitted by applicable law. If the User does not agree to the updated Terms, the User must discontinue use of the Platform.

24

Assignment

The User may not assign, transfer, delegate, or sublicense these Terms or any rights or obligations under these Terms without the Company's prior written consent.

The Company may assign or transfer these Terms in connection with a merger, acquisition, corporate reorganization, sale of assets, financing, change of control, or transfer of the Platform or business.

25

Notices

Notices to the Company must be sent to [email protected]

The Company may provide notices to the User by email, through the Platform, through the website, or by other reasonable means.

26

Entire Agreement

These Terms, together with any applicable order form, privacy policy, data processing addendum, or written agreement between the Parties, constitute the entire agreement between the Parties regarding the Platform and supersede all prior or contemporaneous understandings relating to the Platform.

If there is a conflict between these Terms and a signed written agreement between the Parties, the signed written agreement shall prevail to the extent of the conflict.

27

Severability and Waiver

If any provision of these Terms is found to be invalid, unlawful, or unenforceable, the remaining provisions shall remain in full force and effect.

Failure by either Party to enforce any provision of these Terms shall not constitute a waiver of that provision or any other provision.

28

Governing Law and Jurisdiction

These Terms shall be governed by the laws of Israel.

The competent courts of Tel Aviv, Israel shall have exclusive jurisdiction over any dispute arising out of or relating to these Terms, the Platform, the Service, User Data, or Outputs, unless mandatory applicable law provides otherwise.

Questions about this document?Write to [email protected] - data protection requests reach the same address.