Accounting software company Botkeeper has released its Botkeeper Infinite solution, which helps to streamline automated bookkeeping and back-office accounting for firms of all sizes without the need for outsourcing.
Botkeeper heralds Infinite as a “complete solution” for firms’ bookkeeping needs. It brings together the technology, people, and processes needed to maximize capacity and streamline practices for ultimate efficiency. Using artificial intelligence and machine learning, Botkeeper Infinite learns how your clients’ business activities impact the books, getting more efficient and and accurate as it goes, the company said.
The new “tech only” option allows firms to administer the Botkeeper Infinite platform themselves for low-complexity clients their team can handle. Additionally, it allows firms to add services for even greater time savings and efficiency.
“The Botkeeper Infinite technology is all about adapting to the ever-evolving needs of accounting firms and their business clients and ensuring they always receive the best-suited solutions,” Botkeeper CEO Enrico Palmerino said in a statement. “Firms will see a massive reduction of human error, superior reporting, as well as real-time data entry available 24/7. Firms can easily onboard and deploy a new client in a matter of minutes and will find they can reduce their bookkeeping costs by 30 to 50%.”
At the heart of Botkeeper Infinite is AutoPush, Botkeeper’s AI/machine learning technology. According to Botkeeper, AutoPush has been trained on tens of thousands of financial transactions and continues to learn categorizations particular to each individual business accurately and with the capacity to improve over time.
In addition, Botkeeper Infinite introduces the “Activity Hub” module—offering a centralized space within the platform for all comments, feedback, and interactions—and “Bot Review,” which automates searching through the general ledger to find variances and exceptions. Soon after its initial launch, Botkeeper Infinite will also offer three new modules to automate reconciliations, provide plain-English financial analysis for advisory, and automate amortization schedules and loans in real time, syncing directly with the general ledger, the company said.
Available at just $69 per client for the tech-only option, Botkeeper calls Botkeeper Infinite “an affordable solution for fast, accurate bookkeeping, and clean financials every month.”
“If you’re wondering how all of this is a departure from the Botkeeper of old, we understand. Botkeeper remains dedicated as ever to automating the bookkeeping process to get accountants out of the proverbial weeds,” the company said in a blog about Botkeeper Infinite. “But Botkeeper Infinite grants firms unparalleled autonomy, allowing them to design their client journey the way they see fit: choose from Botkeeper Infinite as a tech-only solution your firm tunes, trains, and monitors, or add basic or advanced services to drive more efficiency and get even more taken off your plate. You can even mix and match to address different client needs. Nifty, right? Botkeeper Infinite is tech-first, tech-led, and all about you.”
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