Boston-based botkeeper provides cannabis business owners with a robotic bookkeeper that automates bookkeeping and accounting tasks by utilizing a blend of dedicated machine learning (ML), artificial intelligence (AI) and human assistance.
Botkeeper clients receive 24/7 accounting and support, as well as insights into their financials though its dashboard. With botkeeper, companies can save 50% on average compared to the cost of a bookkeeper or outsourced firm, according to the company.
Botkeeper collects and processes data from financial and non-financial sources and then categorizes expenses, pays bills, invoices customers, accrues revenue and expenses, reconciles accounts and enters data into accounting software. In addition, botkeeper’s team of accountants review data to ensure accuracy, handle complex accounting, and assist with any needs or challenges. The botkeeper portal then provides customizable dashboards and reporting that combine financial and non-financial data for a 360-degree view of a business.
There are six cost levels, running from a free, monthly option that process up to 20 transactions to an $899-per-month level that processes up to 200 transactions and checks the books daily, as well as a custom, enterprise edition.