Welcome to Baifokal (“we,” “us,” “our”). We respect your privacy and are committed to protecting your business information while maintaining transparency about how we use aggregated data. This Privacy Policy explains how we collect, use, disclose, and safeguard information when you use our application.
To provide our Services, you must:
Security Requirements: Never share account passwords, Two-Factor Authentication (2FA/TOTP) codes, Passkeys, or authentication credentials. Maintain exclusive control of all authentication methods.
Through your accounting system connection, we collect:
We do not collect or share personally identifiable information (PII) such as: individual names of employees or customers, personal addresses, Social Security numbers, personal financial information, personal contact information, or individual customer or vendor details.
We use your information to generate personalized insights using AI technology, create summaries and commentary tailored to your business, store historical analyses to track trends over time, improve future reporting by learning from your past data patterns, and enhance AI models using anonymized, aggregated patterns.
Note: Company identifiable information is never sent to external AI systems. Only anonymized, aggregated patterns are used to enhance AI models.
We retain the right to use aggregated and anonymized data for commercial purposes, including creating and selling industry benchmark reports, developing commercial analytical products and services, licensing aggregated data to third parties, publishing market research and industry insights, creating proprietary indices and performance metrics, and developing predictive models and analytical tools.
We may use your information to send service-related notifications, alert you to accounting system connection issues, provide customer support, inform you about new features or services, and send optional marketing communications (with your consent).
We may commercialize anonymized and aggregated statistical information including industry-wide expense and COGS metrics by category, benchmarking data by NAICS code, revenue band, or geographic region, aggregated key performance indicators and ratios, market trends and analytical insights, and financial performance distributions and percentiles.
This statistical data never identifies individual businesses, is aggregated from multiple sources to ensure anonymity, becomes the property of Baifokal, and may be sold, licensed, or otherwise commercialized.
We may share information with trusted third-party service providers who assist us in cloud storage and hosting services, accounting system API integrations, analytics and performance monitoring, customer support services, and payment processing. These providers are contractually obligated to protect your information and use it only for the purposes we specify.
We may disclose information if required to comply with legal obligations, respond to valid legal requests, protect our rights, property, or safety, or prevent fraud or security issues.
In the event of a merger, acquisition, or sale of assets, your information, including our rights to aggregated data, may be transferred to the acquiring entity.
We implement appropriate technical and organizational measures to protect your information, including encryption of data in transit and at rest, secure storage of accounting system credentials, regular security assessments and audits, access controls and authentication mechanisms, secure API connections to accounting systems, regular backups and disaster recovery procedures, and employee training on data security.
However, no method of transmission over the internet or electronic storage is 100% secure. You acknowledge that providing accounting system credentials carries inherent risks.
We retain your individual business information for as long as your account remains active, as necessary to provide you with our services, or as required to comply with legal obligations. Aggregated and statistical data created from your information is retained indefinitely and remains the property of Baifokal even after account termination. You may request deletion of your account and individual business data at any time, which does not affect aggregated data already created.
Note: Opting out does not affect our rights to previously collected aggregated data. The App does not currently respond to Do Not Track signals.
Important Notice: The accuracy of all analytics, reports, and insights provided by Baifokal depends entirely on the accuracy of data in your accounting system, your selected accounting method (Cash or Accrual basis), the completeness of your accounting records, proper and consistent categorization of transactions, accurate and consistent naming of accounts, correct identification of Customers (or equivalents), proper identification and naming of Vendors, regular synchronization with your accounting system, and correct business classification information you provide.
Different accounting methods (Cash vs. Accrual) will produce different analytical results. Inconsistent naming or categorization will directly impact the quality and accuracy of insights, benchmarking, and comparative analytics. We assume no responsibility for inaccuracies resulting from errors, omissions, or inconsistencies in your source data or accounting practices.
Summaries, insights, and commentary are generated by artificial intelligence systems. All AI-generated content is provided “AS IS” without warranty. AI insights are not a substitute for professional judgment. Company identifiable information is never shared with external AI providers. Only anonymized patterns are used for AI processing. You should independently verify AI-generated insights before making business decisions.
We use cookies and similar technologies to maintain your session, remember your preferences, analyze usage patterns, improve App performance, and track accounting system sync status. You can manage cookie preferences through your browser settings.
Your information may be transferred to and processed in the United States where our servers are located. By using the App, you consent to such transfers.
The App is not intended for individuals under 18 years of age. We do not knowingly collect information from children.
California residents have additional rights under the California Consumer Privacy Act (CCPA), including the right to know what information is collected, right to delete individual business information, right to opt-out of sale of information (Note: We sell aggregated, not personal, information), and right to non-discrimination. To exercise these rights, contact us.
We may update this Privacy Policy periodically. We will notify you of material changes by posting the updated policy on our website, updating the “Last Updated” date, and sending notification to your registered email for significant changes.
For questions, concerns, or requests regarding this Privacy Policy or your information, please contact us.
If you are in the European Economic Area (EEA), you have additional rights under the General Data Protection Regulation (GDPR). Our legal basis for processing is legitimate interest in providing business analytics services and developing commercial data products. While we do not collect PII, we treat all business information with appropriate security measures as described in Section 5.
By using the Baifokal App, you acknowledge that you have read and understood this Privacy Policy and agree to its terms.