Botkeeper, the market leader in human-assisted AI-powered bookkeeping, today announced a new strategic collaboration with Xero, the global small business accounting platform. Botkeeper will utilize Xero’s accounting software platform to provide CPA firms with automation technology that meets the increasing demand to innovate the most manual areas of bookkeeping. This further drives the adoption of technology in the accounting space, presenting firms with a streamlined solution that empowers them to take on more clients and scale.
“With Xero’s ease-of-use and market adoption combined with the enhanced automation capabilities of Botkeeper, accounting firms are seeing substantial improvements in performance, scale, and efficiency. We couldn’t be more pleased to partner with a company of Xero’s stature. I am grateful for the collaborative efforts of our respective teams’ resources and energy in bringing this powerful solution to life,” said Enrico Palmerino, Co-founder, and CEO at Botkeeper.
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“By teaming with Botkeeper, we are helping firms leverage technology to reduce their workload, improve workflows and have access to real-time insights,” said David Emmerman, Head of Enterprise at Xero. “These advancements are helping to reshape the way accountants work, and firms are in a unique position to provide more valuable advisory services so they can begin working with clients in new ways to achieve their financial goals.”
The COVID-19 pandemic has sped up the transformation of the accounting industry, making cloud-based and technology-powered solutions the new standard across the country. “Botkeeper recognized the massive area of opportunity to help accounting professionals by placing Xero into the hands of more CPA firms around the country who are hungry for growth and greater business efficiency,” said Jessica King, Vice President of Marketing at Botkeeper.
Botkeeper’s industry-leading AI-human hybrid bookkeeping solution, purpose-built for CPAs, enables accounting professionals to easily meet the demands of their clients’ ongoing bookkeeping needs and increasing demand for advisory, consulting, loans, and tax services while simultaneously increasing capacity to continue growing. Botkeeper incorporates collaborative machine learning models that work closely with the human accountants on the Botkeeper team to improve bookkeeping productivity and efficiency – consistently doubling or tripling productivity and increasing margins with near-100% accuracy, while also enabling CPAs to save 30% or more in operating expenses.