Botkeeper recognized as one of the top 100 AIFinTech companies | State
BOSTON, September 8, 2021 / PRNewswire / – Botkeeper has been recognized by Global AIFinTech100 as one of the world’s most innovative solution providers developing artificial intelligence (AI) and machine learning technologies to solve problems or improve the efficiency of financial services.
Improve efficiency and accuracy and streamline the accounting process with accounting and financial services technology
The technology behind Botkeeper is anything but simple, but it is designed to appear simple to users. The software combines existing data from a company’s various sources, such as its accounting platform and bank accounts (and sales and marketing systems, among other connection points), enforces rules, processes and from calculations to data, then presents it in attractive, customizable reports that are nearly 100% accurate at all times. And because everything is automated, deadlines are neither missed nor pushed back.
Botkeeper’s industry-leading AI-human hybrid accounting solution designed specifically for CPAs makes it easy for accounting professionals to meet their clients’ continuing accounting needs and growing demand for advisory, advisory, loan and tax services while simultaneously increasing the ability to continue to grow. Botkeeper incorporates collaborative machine learning models that work closely with the human accountants on the Botkeeper team to improve accounting productivity and efficiency, consistently doubling or tripling productivity and increasing margins with precision close to 100%, while allowing CPAs to save 30% or more in operating expenses.
The CPAs of Steirman, an accounting partner of Botkeeper, have grown exponentially resulting in an unrealistic client / accountant ratio, they turned to Botkeeper. By implementing Botkeeper’s bank reconciliation service for month-end close, Steirman has seen a 60-hour reduction in their clients’ bookkeeping time out of the first 40 clients they integrated with Botkeeper. Now with Botkeeper as a partner, Steirman has eliminated the need to hire 3 additional accountants to support their long-term growth goals – a saving of $ 312K annually.
Additionally, according to data from Business Insider Intelligence, the overall potential cost savings for banks from AI applications are estimated to be 447 billion dollars by 2023.
Efficiency evolves as customer data feeds into the Botkeeper automated accounting platform and reconciliation occurs as bots learn the data. This is because time is saved throughout the process of managing files, bank connections, automated categorization, bank reconciliations, financial reports and accounts payable. In turn, this gives the business a greater ability to focus on other customer needs. Customers receive 24/7 accounting and support, as well as incredible insight into their finances with interactive dashboards and unlimited reporting.
“The accounting process, when connected to financial services, can be a complex and convoluted process that can be downright tedious at times. Despite the frustrations inherent in the process, it has remained relatively unchanged for decades. By bringing AI and machine learning into the equation Botkeeper has single-handedly revolutionized the way accounting is done in the modern age, ”relayed Enrico Palmerino, CEO of Botkeeper. “This revolutionary accounting software enables businesses to increase their efficiency and accuracy and to streamline the accounting process with financial services technology like never before.”
The Most Notable Companies were chosen by a panel of industry experts and analysts who reviewed a study of more than 1,000 FinTech companies by FinTech Global, a data and research company. The solution providers on the final list were recognized for their innovative use of technology to solve a significant industrial problem, or to generate cost savings or efficiency improvements throughout the financial services value chain. . A complete list of AIFinTech100 is available at www.AIFinTech100.com. More detailed information about the companies can be downloaded free of charge from the website. # AIFinTech100
Botkeeper is a leading automated accounting solution that provides accounting firms and their clients with a powerful combination of skilled accountants, machine learning, and artificial intelligence. The various packages provide complete bookkeeping and pre-accounting solutions, a consolidated platform of tools to optimize business processes and the highest quality support, all designed to meet unique needs. of our clients at any stage of their growth. Accounting firms using Botkeeper are able to grow their business volume, diversify their service offering, increase capacity and reduce stress during the fiscal period, while improving overhead costs. The powerful and easy-to-use solution has helped businesses through United States to maximize their potential, better serve their customers and do more of what they love. Learn more about Botkeeper here!
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