Automated bookkeeping with a human touch: Botkeeper

The success of a business is dependent on a healthy financial model. All too often entrepreneurs with amazing vision, tremendous passion, and the tenacity and drive needed to succeed end up risking it all but don’t have the necessary financial tools needed to succeed. Instead, their bookkeeping and accounting lets them down with slow or delayed reporting, limited analytics, and issues with accuracy that cause awesome businesses to fall victim to cash flow challenges, slipping margins, or slowed revenue growth. Enter the genesis of Botkeeper.

Botkeeper was founded by a team of entrepreneurs who suffered the same bookkeeping challenges experienced by most small and midsize businesses. They realized the primary issue with bookkeeping was the humans in the middle tasked with doing the work: tedious, manual, and repetitive data entry combined with visualization and analytics of that data. Human error, unexpected life events, a need to sleep, and a lack of scalability make humans very inefficient at bookkeeping. However, if people could replace the human with robot-like software, they might be able to solve this dilemma. Software bots are excellent at automating data entry accurately, 24/7, and they're also great at following rules and accounting policies consistently and precisely, as well as visually rendering unlimited reports, dashboards, and charts.

Botkeeper proudly presents the world’s best bookkeeper - a faster, more accurate, more affordable, and highly scalable bookkeeper that represents the future of bookkeeping as we know it.

Botkeeper provides you with high-grade bookkeeping using human-assisted AI (which is defined as Augmented Intelligence) with advanced automation and skilled accountants to manage your books- plus, powerful software to watch your financials. It’s everything a business owner needs to do the bookkeeping—without actually having to DO the bookkeeping.

Here are some of the industries Botkeeper carters to:

Restaurants

If you’re responsible for restaurant accounting or bookkeeping tasks, you know how challenging it can be. Restaurant accounting and bookkeeping is time-consuming, time-sensitive, and must be accurate. With unpredictable dining crowds and the allocation of labor-dependent upon those crowds, it’s necessary for small businesses to have the accounting basics refined and in place for seamless operation and, ultimately, restaurant success.

Botkeeper is your restaurant accounting solution that combines skilled accountants with automated data entry through machine learning and AI. Get incredible insight into your financials with unlimited reporting, beautiful dashboards, and round-the-clock accounting and support. With a general ledger and unique dashboard customized for your restaurant, you’ll have real-time access to your financials so you easily understand your margins and can make changes on the fly.

Finance

Bookkeeping and accounting tasks are two of the most important responsibilities of hedge fund managers. But these tasks come with unique challenges, and no matter how adept you are at managing hedge funds, the high-risk strategies involved make bookkeeping and accounting tasks tough. That’s where Botkeeper comes in. Botkeeper works with you to build a customized, scalable solution to address your hedge fund accounting needs. The platform helps hedge fund managers reduce their operational risks and stay up to date with regulatory changes. The AI hedge fund accounting tools are designed to streamline your bookkeeping processes so you can spend less time managing the books and more time growing your investments. Moreover, you’ll save time and money, reduce tax risks, and prove ROI with top-quality bookkeeping services. Botkeeper’s tools make it easy to categorize expenses and generate high-quality reports for your company.

Entertainment

Fully automate your daily bookkeeping tasks—including payments and invoicing—without hiring or training a full-time bookkeeper. Get accurate, customized billing for all your clients based on whatever method you prefer. Gain complete visibility into important reports like cash flow statements and profit and loss. Easily reconcile bank, credit card, and vendor statements. Get a solution that’s faster, cheaper, and more reliable than traditional bookkeeping! Get incredible insight into your financials with unlimited reporting, beautiful dashboards, and round-the-clock support. With a general ledger and unique dashboard customized for your needs, you'll have real-time access to your financials so you easily understand your margins and can make changes on the fly.

Construction

Construction contractors face specific bookkeeping headaches, including tracking what your clients owe you as well as how much money is owed to suppliers and other vendors. Let’s face it—entering transactions on a daily basis is a HUGE pain. There’s also immense pressure to be precise because even a small mistake can end up costing a lot of money and get in the way of other things like paying bills. Botkeeper will take care of the bookkeeping so you don’t have to. You’ll be able to scan documents and invoices with your phone on the fly, and the team will help streamline any uncategorized transactions while you keep your finger on the pulse with at-a-glance metrics. Kick back and watch as Botkeeper integrates with your current accounting software, like QuickBooks, spearheading your bookkeeping, paying your bills, overseeing collections, reconciling your accounts, and cutting your bookkeeping costs in half.

Meet the enterprising CEO of BotKeeper, Enrico Palmerino

Prior to botkeeper Enrico’s background has been in automation, decision trees, and accounting with a triple major from Babson College in Quantitative Methods, Entrepreneurship, and Strategic Management. While in college he co-founded ThinkLite which automated lighting analysis, design, and manufacturing. ThinkLite grew from dorm room to 46 on Inc's 500 List and resulted in him being ranked 2nd among America's Top 25 Entrepreneurs Under 25 by Bloomberg Businessweek. After successfully exiting ThinkLite, Enrico invested in a small accounting firm, joining as the company's Managing Director, and helped grow it from 7 to 40 people in the 3 years.

“Better than humans, better than machines. Automated bookkeeping with a human touch.”