PAYMENTS

Botkeeper Collaborates with Vic.ai to Advance Accounting Automation

Botkeeper | July 29, 2021

Clients of Botkeeper will soon be able to use a new functionality powered by Vic.ai that is built in the Botkeeper Operating System. This new module will offer accountants and firms a unified, faster, more intelligent, and advanced autonomous Accounts Payable (AP) solution coupled with their general ledger (GL) and bill pay systems, all from within the Botkeeper Operating System.

The incorporation of Vic.ai into the Botkeeper Operating System provides accountants with improved autonomous invoice processing and real-time analytics. The combination of Botkeeper and Vic.ai will bring together the most comprehensive source of data in a continually smarter platform, removing onerous and manual duties from an accountant's day-to-day activities. With advanced machine learning, artificial intelligence, and professional accountants, the most comprehensive Client Advisory Services (CAS) management platform will be built, which will be revolutionary for accounting firms across the United States.

The new autonomous module powered by Vic.ai will enable invoice processing to take place without any prior data entry or categorization evaluation. This encompasses everything from vendor identification to line item pricing and dimensional categories. Botkeeper and Vic.ai's collaborative approach will assist accounting businesses in becoming more AI-enabled, resulting in time savings, error and duplicate reduction, easy system integrations, and effective approval procedures.

Accounting businesses will benefit from new reporting and insights generated by artificial intelligence and statistical analysis of a data collection unlike any other. Using the time saved, a firm's team will be able to evaluate and share data with their clients in order to assist them in making the most educated business decisions.

About Botkeeper
Botkeeper is a premier automated bookkeeping solution that offers accounting businesses and their clients an effective blend of trained accountants, machine learning, and artificial intelligence. The various packages offer full-suite bookkeeping and pre-accounting solutions, a consolidated platform with tools to enhance company processes, and the best quality support, all tailored to meet the particular demands of our clients at any stage of growth. Accounting businesses that use Botkeeper can expand their book of business, diversify their service offering, enhance capacity, and minimise stress during tax season—all while lowering their overhead costs. The powerful and simple-to-use technology has assisted firms across the United States in realising their full potential, providing greater service to their clients, and doing more of what they enjoy.

About Vic.ai
Vic.ai is the Accounting Productivity AI (Artificial Intelligence) Platform. Machine learning technology developed by Vic.ai has been trained on over 500 million live accounting documents and transactions. Vic.ai's Autopilot functionality already outperforms human-level accuracy for many activities, allowing accountants, CFOs, controllers, and accounts payable (AP) teams to execute totally autonomous accounting, become more efficient, and eliminate errors on routine accounting operations.

Spotlight

The Small Business Administration (SBA) offers many loan programs to new and existing businesses. One of their unique loan programs is the 504 loan, a powerful economic development loan program that offers small businesses another avenue for business financing, while promoting business growth.

It is designed for purchase of fixed assets such as buildings or land or to refurbish existing buildings, buy long-term equipment or machinery, make street improvements such as grading, and install utilities, parking lots, or landscaping. The loan is a fixed-rate, long-term form of financing and cannot be used to pay off or consolidate existing working capital, purchasing inventory or refinancing debt.

This free guide provides you with a concise list of questions to ask and mistakes to avoid when applying for a business loan, plus you would also receive complimentary quotes and proposals from several reputable lenders.

Spotlight

The Small Business Administration (SBA) offers many loan programs to new and existing businesses. One of their unique loan programs is the 504 loan, a powerful economic development loan program that offers small businesses another avenue for business financing, while promoting business growth.

It is designed for purchase of fixed assets such as buildings or land or to refurbish existing buildings, buy long-term equipment or machinery, make street improvements such as grading, and install utilities, parking lots, or landscaping. The loan is a fixed-rate, long-term form of financing and cannot be used to pay off or consolidate existing working capital, purchasing inventory or refinancing debt.

This free guide provides you with a concise list of questions to ask and mistakes to avoid when applying for a business loan, plus you would also receive complimentary quotes and proposals from several reputable lenders.

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