Financial tools and a healthy financial model are incredibly important for entrepreneurs to build successful businesses. But despite having the tenacity and the will to succeed, many entrepreneurs struggle as their bookkeeping and accounting lets them down. This majorly happens due to slow or delayed reporting, and limited analytics. This causes cashflow challenges, slowed revenue growth and even for the margins to slip. In short, bookkeeping is a challenge. This is exactly where Botkeeper bails businesses out.
Founded in 2015, Botkeeper helps businesses by providing them automated bookkeeping support which is powered by a combination of skilled accountants and machine learning and artificial intelligence (AI). Through its services, the company helps deliver accounting and support as well as insights into the financials for its clients.
The company helps businesses scale to become a Fortune 5000 company and is able to provide its services to almost every industry. They can tailor a solution to suite a particular industry ranging from a dental practice, a restaurant, a financial or an even construction firm.
How it works
A bookkeeper is important for a business. But a human bookkeeper can always make mistakes, can be subject to efficiency issues, and would be downright an expensive proposition. But with Botkeeper onboard, businesses do not have to worry about these challenges. Backed by a powerful combination of expert senior accounting professional, machine learning, and artificial learning, Botkeeper can take care of bookkeeping by pulling the data from financial and non-financial sources. It delivers reports and analytics through a dashboard that can help businesses make the right decisions.
The company was founded by a team of entrepreneurs who identified the same bookkeeping challenges that is experienced by most SMEs today. Humans are the quintessential to bookkeeping and carry out tedious, repetitive, and manual tasks which are important to the process. But many human elements like life events, need for rest, inefficiency, and human error make humans second best at bookkeeping. BotKeeper was established to address these challenges by automating bookkeeping but with a human touch.
A Value-Driven Team
Botkeeper is a company that places heavy emphasis on its culture which focuses on Simplification, Continuous Improvement, Accountability, Technology-Driven, and Extra Mile. Supporting one another is something that is taken seriously at Botkeeper. With an enthusiastic team, the company cultivates an environment, drives and makes people come to work. Collaboration is the key at Botkeeper!
Awards and Plaudits
Botkeeper had a huge 2018 where it raked in a number of awards including being named the winner of Red Herring’s Top 100 North America 2018 award, and the prestigious Gold Stevie Award in Tech Startup of the Year category of the 16th Annual American Business Awards. The company also won the Reader’s choice category at BostInno’s Coolest Companies and BostInno’s 2018 Tech Madness Champion (Private Bracket).
Meet the CEO
Enrico Palmerino, CEO
He founded ThinkLite, a company that automated lighting analysis, design, and manufacturing, when he was still in college. The company grew to be ranked 46th on Inc’s 500 list. He himself was ranked 2nd on America’s Top 25 Entrepreneurs Under 25 by Bloomberg Buisnessweek. He eventually moved on from ThinkLite and invested in an accounting firm and joined the company as the Managing Director.
He is on the Technology Advisory Committee and Board of Corporators at Fidelity Bank. He is also a board member at GVNA Healthcare.
He has a B.S from the Babson College where he triple majored in Quantitative Methods, Entrepreneurship, and Strategic Management.
“Botkeeper has changed the way I prioritize and organize my cash flow. It has simplified my finances and invoicing so I can focus on running my business. Outsourcing my bookkeeping, which was scary at first, has now become an attractive and necessary part of my growth. They always have the answers I need when I’m ready to take the next steps, and I trust them to help me get there.” – Sam Kanter, Owner & Operator, Sam Kanter Events
“As a startup without a dedicated accounting department, Botkeeper helped us clean years of books in the blink of an eye. Without their help, I have no idea how we would have gotten everything ready for our acquisition.” – Nick Dougherty, CEO and Founder, VerbalCare
“My favorite thing about Botkeeper is the fact that it is super easy to use, and when I have a question they provide detailed step-by-step instructions at all hours.” – Rob May, CEO of Talla
“Botkeeper provides automated bookkeeping support to businesses by using a powerful combination of skilled accountants alongside machine learning and artificial intelligence (AI).”
“Our clients receive 24/7 accounting and support as well as incredible insight into their financials with beautiful dashboards and unlimited reporting.”
“Botkeeper was built to perform the same work a bookkeeper would, but more accurately, efficiently, and at a less expensive rate.”