Terms of Service
oly.co.il
Last Updated: March 2026
1. Introduction
Welcome to oly.co.il ("oly", "we", "our", or "us"). These Terms of Service govern your access to and use of the oly website, platform, and related services (collectively, the "Service").
By accessing or using the Service, you agree to be bound by these Terms. If you do not agree with these Terms, you must not use the Service.
2. Description of the Service
oly provides a technology platform that allows users to:
- Collect invoices from email accounts or connected services
- Upload invoices manually from mobile devices or computers
- Organize and manage financial documents
- View extracted invoice data using automated technologies
3. Technology Platform Disclaimer
oly is a technology platform only.
The Service does not provide:
- Accounting services
- Tax advice
- Financial advice
- Legal advice
Users remain fully responsible for managing their own financial records and consulting qualified professionals when necessary.
4. Accounting and Tax Disclaimer
The Service should not be interpreted as professional accounting or tax advice. All invoice classifications, automated analysis, or extracted data are provided for informational and organizational purposes only.
Users are solely responsible for:
- Verifying financial data
- Maintaining proper accounting records
- Complying with tax regulations
- Submitting tax filings or financial reports
oly shall not be liable for tax penalties, accounting mistakes, or financial losses resulting from the use of the Service.
5. AI / OCR Processing Disclaimer
The Service may use artificial intelligence (AI) and optical character recognition (OCR) technologies to identify and extract data from invoices.
These technologies may produce inaccurate results including:
- Incorrect amounts
- Incorrect vendor names
- Missing invoice data
- Incorrect classification
Users must review and verify all extracted information before relying on it.
6. Acceptable Use Policy
Users agree not to use the Service to:
- Upload illegal or harmful content
- Attempt to hack or disrupt the system
- Violate intellectual property rights
- Distribute malware or malicious code
- Perform unauthorized scraping or data extraction
7. User Accounts
Certain features may require account registration. Users are responsible for maintaining the confidentiality of login credentials and all activity that occurs under their account.
8. Data Privacy
oly processes user data only to the extent necessary to provide the Service. This may include scanning emails for invoices, storing invoice files, and analyzing document data.
9. Data Retention Policy
User data will be retained only as long as necessary to:
- Provide the Service
- Comply with legal obligations
- Resolve disputes
- Enforce agreements
10. Intellectual Property
All intellectual property rights related to the platform, website, software, logos, and content belong to oly or its licensors.
11. Limitation of Liability
To the maximum extent permitted by law, oly shall not be liable for:
- Financial losses
- Tax penalties
- Lost profits
- Data inaccuracies
- Indirect or consequential damages
12. No Financial Responsibility
oly is not responsible for accounting outcomes, tax reporting errors, business decisions made by users, or financial losses resulting from invoice interpretation.
13. Force Majeure
- Cloud provider outages
- Server failures
- Internet disruptions
- Natural disasters
- War
- Government actions
14. Indemnification
Users agree to indemnify and hold harmless oly and its operators from any claims, damages, or legal expenses arising from misuse of the Service.
15. Suspension or Termination
oly reserves the right to suspend or terminate accounts if these Terms are violated or the Service is abused.
16. Changes to the Terms
oly may update these Terms from time to time.
17. Governing Law
These Terms shall be governed by the laws of the State of Israel.
18. Jurisdiction
Any disputes arising from the Service shall be subject to the exclusive jurisdiction of the courts located in Tel Aviv‑Yafo, Israel.