30 Most Valuable Companies to Watch 2020
Accounting and bookkeeping are the key functions in any business. Small businesses face challenges in accounting and bookkeeping procedures. Accounting is the systemic and comprehensive recording of financial operations in a business. Business bookkeeping is the recording of financial transactions as a part of the accounting process.
Entrepreneurs and business owners often do not see that common small business accounting mistakes are a major threat to the growth of their business in the long run.
Botkeeper realized the primary issue with bookkeeping which was a tedious, manual, and repetitive data entry combined with the lack of meaningful visualization and analytics of important data. Human error, unexpected life events, and a lack of scalability make humans very inefficient at bookkeeping. However, if the company could improve this experience with software, it might be able to solve this dilemma. With this in mind, Botkeeper built the world’s best bookkeeper, or as it likes to call it, Botkeeper. A more accurate, more affordable, and highly scalable bot powered bookkeeper that's excellent at automating data entry accurately, 24/7. Software that is exceptional at following rules and accounting policies consistently and precisely. Technology that can visually render unlimited reports, dashboards, and charts that represents the future of bookkeeping as we know it.
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 let them down with slow or delayed reporting, limited analytics, and issues with accuracy that cause awesome businesses to fall victim to cashflow challenges, slipping margins, or slowed revenue growth. Enter the genesis of Botkeeper.
Everything Is Simple
Botkeeper’s vision is to build AI and leverage the expertise of its amazingly skilled accountants to automate manual work while providing its clients and partners with an exceptional experience. The company will handle the bookkeeping, so you can do more of what you love.
Solutions For Accounting Firms
Bank-grade security: The company protects your data with 256-bit encryption as well as several other best-in-class security protocols including background checks, biometrics, and extensive permissions (bank-grade security). All of its systems and databases are located in AWS data centers within the US, plus it owns its IP. Its policies and procedures are regulated by US law.
Continuous data validation: By recruiting and retaining the best team members both in the US as well as in other parts of the world, the firm able to quickly and efficiently validate data and better train its software at all hours of the day. Botkeeper enlists the best and brightest from around the globe and currently have team members servicing our clients from the US, Canada, Africa, and the Philippines.
Botkeeper is your last bookkeeping hire: With Botkeeper, accounting firms can offload the day-to-day blocking and tackling of bookkeeping (data entry, reconciliations, classifications, etc.), allowing accountants to focus on higher-level client advisory services. Botkeeper working 'round the clock, offering best-in-class support.
The next big advancement in accounting: An improved accounting methodology. All-in-one, flexible software. Exclusive white-labeled partner tools and support. With Botkeeper's platform, there’s no limit to how much you can grow your firm's book of business while giving your clients high-quality service.
Better. Faster. Smarter: Using machine learning that's been exposed to millions of financial transactions, the firm is able to fully automate your bookkeeping department with human-assisted AI. Benefit from avoiding increases in headcount and overhead costs, see and trust the health of company results due to noticeably less manual human error, and get superior reporting and real-time, 24/7 data entry. Its clients reduce their bookkeeping costs by 45% while accuracy increases.
Solutions For Business Owners
Alongside its trusted Accounting Partners, Botkeeper provides automated bookkeeping support to businesses of all sizes using a powerful combination of talented people, 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.â€¯
Cost-Effective: Botkeeper scales with businesses spanning hundreds of industries, coming in on average 50% less than any other bookkeeping solution alternative.
Superior Accuracy: Botkeeper technology doesn't forget or lose track of your business processes, learns the custom nuances of your business, and continuously improves over time.
Impactful Reporting: Pull reports and financial statements that reflect what's happening in your business TODAY—so you can make meaningful business decisions when it counts.
Team and Culture
Simplification, Continuous Improvement, Accountability, Technology-Driven, and Extra Mile (SCATE). These values are why they do what they do. Botkeeper is a team that wins together and a team that loses together, a different breed that is self-driven and enjoys solving problems...with a little bit of chaos and constant change. While some things are ever-changing, the support of one another is constant. As an employer, it believes that it owes it to its team to create an environment that makes people look forward to coming to work.
Enrico Palmerino, Chief Executive Officer
“Our automated bookkeeping software combines your various data sources while applying rules, processes, and calculations to give you the most insightful custom reporting and dashboards, while also eliminating costly and error-prone manual accounting.”