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PRIVACY POLICY

Effective Date: January 1, 2025
Last Updated: January 1, 2025

1. INTRODUCTION

Welcome to Baifokal ("we," "us," "our," or "Baifokal"). 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.

2. INFORMATION WE COLLECT

2.1 Accounting System Connection

To provide our Services, you must:

Security Requirements:

2.2 Business Information from Accounting Systems

Through your accounting system connection, we collect:

2.3 Account Information

2.4 Automatically Collected Information

2.5 What We DO NOT Collect or Share as PII

We do not collect or share personally identifiable information (PII) such as:

3. HOW WE USE YOUR INFORMATION

3.1 Provide and Improve Services

3.2 AI Processing and Historical Data

We use your information to:

3.3 Commercial Use of Statistical and Aggregated Data

We retain the right to use aggregated and anonymized data for commercial purposes, including:

3.4 Communication

4. HOW WE SHARE INFORMATION

4.1 Commercial Use of Statistical Data

We may commercialize anonymized and aggregated statistical information including:

This statistical data:

4.2 Service Providers

We may share information with trusted third-party service providers who assist us in:

These providers are contractually obligated to protect your information and use it only for the purposes we specify.

4.3 Legal Requirements

We may disclose information if required to:

4.4 Business Transfers

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.

5. DATA SECURITY

We implement appropriate technical and organizational measures to protect your information, including:

However, no method of transmission over the internet or electronic storage is 100% secure. You acknowledge that providing accounting system credentials carries inherent risks.

6. DATA RETENTION

6.1 Individual Business Data

We retain your individual business information for as long as:

6.2 Aggregated Data

Aggregated and statistical data created from your information is retained indefinitely and remains the property of Baifokal even after account termination.

6.3 Deletion Requests

You may request deletion of your account and individual business data at any time. This does not affect aggregated data already created.

7. YOUR RIGHTS AND CHOICES

7.1 Access and Update

You have the right to access and update your business information through your account settings or by contacting us.

7.2 Data Portability

You may request a copy of your individual business data in a structured, commonly used format.

7.3 Deletion

You may request deletion of your account and associated individual business information, subject to legal retention requirements. Previously created aggregated data will not be deleted.

7.4 Accounting System Disconnection

You may disconnect your accounting system at any time through your account settings.

7.5 Opt-Out

You may opt-out of:

Note: Opting out does not affect our rights to previously collected aggregated data.

7.6 Do Not Track

The App does not currently respond to Do Not Track signals.

8. DATA ACCURACY DISCLAIMER AND AI-GENERATED CONTENT

8.1 Data Accuracy

Important Notice: The accuracy of all analytics, reports, and insights provided by Baifokal depends entirely on:

Critical Understanding: 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.

8.2 AI-Generated Content

You acknowledge that:

8.3 Historical Data Storage

We store your past AI-generated commentaries, reports, and analytical data to:

9. COOKIES AND TRACKING TECHNOLOGIES

We use cookies and similar technologies to:

You can manage cookie preferences through your browser settings.

10. INTERNATIONAL DATA TRANSFERS

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.

11. CHILDREN'S PRIVACY

The App is not intended for individuals under 18 years of age. We do not knowingly collect information from children.

12. CALIFORNIA PRIVACY RIGHTS

California residents have additional rights under the California Consumer Privacy Act (CCPA), including:

To exercise these rights, contact us via our contact form

13. CHANGES TO THIS PRIVACY POLICY

We may update this Privacy Policy periodically. We will notify you of material changes by:

14. CONTACT INFORMATION

For questions, concerns, or requests regarding this Privacy Policy or your information, please contact us via our contact form

15. ADDITIONAL DISCLOSURES

15.1 European Economic Area (EEA)

If you are in the 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.

15.2 Data Protection

While we do not collect PII, we treat all business information with appropriate security measures as described in Section 5.

15.3 Your Acknowledgment

By using Baifokal, you acknowledge that:

BY USING THE BAIFOKAL APP, YOU ACKNOWLEDGE THAT YOU HAVE READ AND UNDERSTOOD THIS PRIVACY POLICY AND AGREE TO ITS TERMS.