Payments

Botkeeper Collaborates with Vic.ai to Advance Accounting Automation

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

When the Health Insurance Portability and Accountability Act (HIPAA) was signed into law in 1996, its purpose was to improve the portability and accountability of health insurance coverage for employees between jobs. Since then, the scope of HIPAA has grown significantly. HIPAA became a vehicle to encourage healthcare providers


Other News

Dom Nicastro | April 03, 2020

Read More

Dom Nicastro | April 03, 2020

Read More

Dom Nicastro | April 03, 2020

Read More

Dom Nicastro | April 03, 2020

Read More

Spotlight

When the Health Insurance Portability and Accountability Act (HIPAA) was signed into law in 1996, its purpose was to improve the portability and accountability of health insurance coverage for employees between jobs. Since then, the scope of HIPAA has grown significantly. HIPAA became a vehicle to encourage healthcare providers

Resources