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BUSINESS LEARNING INSTITUTE: Bots are the name of the game for this podcast. They’re everywhere, and now they’re setting their sights on the accounting and finance world. No one knows that better than our guest. Jody Padar built her “Radical CPA” brand as CEO of New Vision CPA Group near Chicago, and in January she was named Vice President of Strategy for Botkeeper, where she has been helping evolve A.I. technology based on customer feedback.
ACCOUNTING TODAY: Botkeeper, a new-age bookkeeping solution, has announced a partnership
with Jody Padar, CPA, MST, the principal of New Vision CPA Group and author of From Success
to Significance: The Radical CPA Guide, with the goal of enabling accounting firms to expand and modernize their businesses. The partnership launched on November 5th, during the three-day QuickBooks Connect conference event in San Jose, CA. The new partners hosted a joint event at the conference entitled "Getting Radical with Botkeeper." Botkeeper is focused on working with accounting firms, enabling them to outsource the day-to-day blocking and tackling of bookkeeping (data entry, reconciliations, classifications), to focus on higher level client advisory services.
FUTUREFIRM: When it comes to outsourcing bookkeeping work these days, there’s no shortage of options. One option for firms however, has caught my attention for the past while: Botkeeper, a tech startup that has designed and developed an artificial intelligence based bookkeeping platform paired with accountants to help firms and companies outsource their bookkeeping.
ACCOUNTING TODAY: Among the most forward-looking CPAs I’ve encountered in recent years is Jody Padar, the CEO and principal of New Vision CPA Group. Those who’ve met Jody know she’s controversial, experimenting with new approaches many others shy away from, and always on the cutting edge of disruptive technologies. I sat down with her recently for a conversation about the role of technology in her firm’s continual reinvention..
LEGAL TALK NETWORK: Virtual bookkeeping may actually make you feel more human. Host Jared Correia chats with Louie Balasny, Co-founder & VP of Strategic Accounts at Botkeeper, about how modern law firms can leverage virtual bookkeeping software. They address the typical concerns lawyers may have when considering making the switch and share the many advantages including increased security, efficiency, and support. They also touch on how automated bookkeeping helps lawyers better understand their finances through dashboards and reports.
MARTECHSERIES: Botkeeper, the leader in automated bookkeeping, announced the release of its updated Dashboard, enabling clients to have more control and flexibility over their business’ financial and business data.
MEDIUM: Today took an interesting turn. What started out as an uneventful morning eating breakfast burritos at Taco Bell and working through a couple of classes quickly grew into the extraordinary. In a class on “Failure,” Professor Yamakawa walked in with a limp, he had played a rough game of hockey the night before. To alleviate teaching pressures he invited a character that would absolutely stun the room, Enrico Palmerino. I’m writing this essay to record the ideas shared in the room.
BOTKEEPER: Closing the books at the quarter end, managing invoices, and categorizing expenses involve a wide array of complex tasks that are both laborious and prone to human error. We at Botkeeper are automating bookkeeping workflows through our human-assisted AI platform, and today have announced our $18M series A round, one of the largest A rounds for a Boston tech company.
XCONOMY: Bookkeeping is time-consuming, repetitive, and boring—unless you’re into that kind of thing. Sounds like a job for a machine. Software isn’t sophisticated enough to handle all of the work involved in recording transactions and managing businesses’ finances, but money is being poured into artificial intelligence technologies aimed at shifting more of the workload from humans to computers.
THE DIGITAL MERCHANT: Before you proceed using Botkeeper, you might want to pay close attention to this Botkeeper review since the solution happens to directly affect the two things you can’t afford to compromise in your business - finance and accounting.
FOGLAMP RESEARCH: A change of pace in the digital era has produced some fantastic tech-driven solutions for the accounting industry. 2019 is the year of change in the accounting and bookkeeping world. As digital tech advances, organisations are demanding faster data and greater streamlining of processes, with information sharing becoming a top priority. Artificial intelligence certainly plays a part in some of these developments, but there’s still an indisputable need for human accountants to drive forward these changes. Here are some of the latest trends to look out for.
ACCOUNTING TODAY: Everywhere you look these days, it seems like you can find people making big investments in the future of accounting, putting up money and time and effort to innovate in just about every area of the profession. Think of the Big Four spending millions on artificial intelligence, cognitive computing and the data-based tools and services of tomorrow, or the American Institute of CPAs and its firm partners spending tens of millions to build their Dynamic Audit Solution and completely revamp the audit.
LET'S REACH SUCCESS: Scalability is one of those terms that’s thrown around in the tech world and business world regularly. But what does it actually mean in practical terms? The term scalability refers to the growth potential for a business, and also the business’s ability to adapt to changes and marketplace conditions while growing.
If your establishment cannot adjust to various changes in the market, meeting the demands of customers becomes a challenge and the risk of going out of business increases.
THE LONDON ECONOMIC: Within the everyday reality of running a business, there are a myriad of processes that would be better managed with partial or total automation. Entrepreneurs, startup founders, and executives like doing things their own way. That’s how they got to the top, or why they struck out on their own: they trust their own instincts and require a certain level of control.
Insightful Accountant: Recently we give you a First Look at Botkeeper which provides automated bookkeeping support to businesses using a combination of machine learning and artificial intelligence (AI) alongside skilled accountants. In that review we not only told you that this was a tool that your clients could use, but that you could use to bolster your firm's ability to provide services to your clients.
BIG DATA MADE SIMPLE: Bookkeeping isn’t usually the first thing that comes to mind when you think about a business or startup. That may be true, but bookkeeping is something that you shouldn’t overlook. For most cases, it’s vital when you are maintaining your financial records even for a startup. Making sure that your finances are in order will always be important. You don’t want to end up dealing with a financial crisis, even if it’s a little one.
FORBES: If you’re not ready to outsource your financial processes just yet, consider investing in resources and tech tools that help you manage your money. We asked a panel of Forbes Finance Council members which applications they recommend for business finance tracking.
PYMNTS: Financial management is mission-critical to the health and vitality of small business (SMB), but it’s also one of the most difficult tasks for entrepreneurs and business owners that may have the skills to launch new products or services, but lack the accounting expertise to handle the numbers. Bookkeeping is at the core of many essential processes in the back office: tax filing, working capital management and access to financing, to name a few. Yet, without a solid understanding of underlying data, business owners will struggle to move forward.
EXPERT MARKET: As the world advances and technology improves, we are seeing better alternatives to the current ways of doing business. From the simplest of tasks to the most sophisticated ones, the latest technological tools have been allowing us to make improvements to business operations.
MEDIUM: Everyone’s favorite time of year is upon us — of course, I am talking about tax season! What better way to celebrate this time of year than to dive into the latest developments in back-office finance and accounting software? Late last month, I was the keynote speaker at the Tax Executive Institute in San Mateo, CA. This was a gathering of global tax leaders from accounting firms and public companies coming together to discuss the impact of technology in tax and accounting professions.
READWRITE: The conversation around artificial intelligence tends to focus on how it can make companies more efficient and productive. And that stands to reason — implemented effectively, such automation really does lead to greater output in less time at a lower cost.
TECHeHOW: Enhancing productivity as a small business owner may be on your mind, but the challenges and potential concerns are keeping you from action. Whether you’re starting a small business or hoping to grow an existing one, there are a few hacks that you can employ to get moving in a productive direction. Here are the top five small business productivity hacks that are essential to growth and success.
TECH&TRENDS: Automating finances may not be as challenging as you may think. Automation is a buzzword, but when it comes to finance, it isn’t as hot of a topic. However, if done right, you can achieve your goals and develop a plan that lasts a lifetime, and without effort..
DO-ABLE FINANCE: Enhancing productivity as a small business owner may be on your mind, but the challenges and potential concerns are keeping you from action. Whether you’re starting a small business or hoping to grow an existing one, there are a few hacks that you can employ to get moving in a productive direction. Here are the top five small business productivity hacks that are essential to growth and success.
APPNOVA: Artificial intelligence can be said to be the ability of machines to process data and perform tasks in a way that mimics human intelligence. Data processing, voice and visual recognition, decision making— all of it is AI. It’s this kind of technology that has enhanced experiences in a way that helps brands deliver more personalized and relevant content to it users. It’s this kind of technology that’s helping revolutionize eCommerce, and it’s this kind of technology that brands are looking to leverage.
GROUND REPORT: A thriving home-based business begins by bringing your vision to life. The transformation from ideation to success is exciting and if it’s your first time, you are in for some professional and personal rewards. However, the road to success isn’t always smooth. Starting and running a home-based business is not something anyone can just do. Making a serious effort is required, and with hard work and passion aside, you will need to develop a strategic plan for growth and maximum startup exposure. The following are five essentials to starting a home-based business can serve as your playbook to make the process a bit easier.
INC: Being an entrepreneur is no easy task, and while patience and perseverance are desirable qualities, having a few tools of the trade puts the odds of success in your favor. Startups run on lean budgets and small teams, and rely on software and applications to lighten the load. These tools are more than just methods to help lift administrative burdens: They help startups grow during their early stages -- the most crucial of all. Here are seven tools you should be using:
BOSTON BOOTCAMPS: Boston is a tech mecca that raised $920 million last year from 41 startups. And this is not a surprise considering the city is a huge talent pool for startups. Companies in different fields, such as finance, healthcare, and marketing have created innovative products here to revolutionize the tech industry. In this report, you will find the most outstanding tech startups based in Boston.
FORBES: In collaboration with analytics firm Statista, Forbes selected Americas Best Startup Employers based on an analysis of over 7 million data points in the areas of employee satisfaction, employer reputation, and company growth. Over 10,000 companies were considered for this award with only 500 receiving the recognition, putting them in the top 5% of all startup employers in America!.
ACCOUNTING TODAY: Palmerino’s interest in accounting grew out of the cash flow issues he experienced at his first startup — but accounting’s interest in Palmerino stems from his role in applying artificial intelligence, machine learning and automation to bookkeeping through his company, Botkeeper. Jody Padar, The Radical CPA and new addition to Botkeeper, is a familiar face in the industry from her many keynotes and presentations on incorporating technology into accounting firms.
BUSINESS INTELLIGENCE GROUP: Philadelphia, PA—February 20, 2020—The Business Intelligence Group announced today the winners of its 2020 Best Places to Work award program, which identifies the organizations doing all they can to improve performance by challenging their employees in fun and engaging work environments. The Business Intelligence Group is honoring these companies for helping their employees accelerate their careers, knowledge and performance. First, nominations for the Best Places to Work award were submitted and then employees of the nominated organizations were asked to complete an online survey to rate their overall satisfaction and company performance.
BOSTINNO: Among the countless things you may have missed at BostonFest, our summer pillar event, we had a little coronation ceremony for this year’s Coolest Companies. For our eighth annual company culture competition, we let readers pick five “Reader’s Choice” winners; our esteemed judging committee had the privilege of selecting five other winners as well.
CLOSERIQ: As it once was with the up-and-coming Silicon Valley town of San Francisco, Boston has recently been transforming into a hub of innovation and tech. Thanks to the many Boston-based VCs, non-profits, industry groups and corporates, the city has grown a strong network that gives startups the potential to become pioneers.
GLOBAL NEWSWIRE: Botkeeper®, the first automated bookkeeping solution, today announced that it has been named the winner of the Gold Stevie® Award in the Tech Start-up of the Year category of the 16th Annual American Business Awards®.The American Business Awards are the country’s premier business awards program. All organizations operating in the U.S. are eligible to submit nominations – public and private, for-profit and non-profit, large and small. Nicknamed the Stevies for the Greek word meaning “crowned,” the awards will be presented to winners at a gala ceremony at the Marriott Marquis Hotel in New York on Monday, June 11th.
ACCOUNTING TODAY: Among the countless things you may have missed at BostonFest, our summer pillar event, we had a little coronation ceremony for this year’s Coolest Companies. For our eighth annual company culture competition, we let readers pick five “Reader’s Choice” winners; our esteemed judging committee had the privilege of selecting five other winners as well.
BOSTONINNO: If you were at BostonFest, you know that we had a blast. If you weren’t there, now you know: we had a blast—Sorry, beer is long gone. Among the countless enjoyable things you may have missed at our summer pillar event, there’s the list of winners of our Coolest Companies Competition for 2018. For our seventh annual company culture competition, we let readers pick five “Reader’s Choice” winners; our esteemed judging committee had the privilege to select the winners in five special categories (Best Perks, Coolest Social Influencer, Pet Friendly, Most Philanthropic and Best Workspace).
GLOBAL NEWSWIRE: botkeeper®, the first automated bookkeeping solution, today announced that it has been named a winner of Red Herring's Top 100 North America 2018 award, which highlights the continent's most exciting and innovative private technology companies. Botkeeper was recognized by Red Herring in the “Professional Services” category. Companies were judged by industry experts, insiders, and journalists on a wide variety of criteria including financial performance, innovation, business strategy, and market penetration. Winners ran the gamut of verticals markets, from fintech and marketing, to security, to IoT, and many more.
BOSTONINNO: After a combined 150,000 votes, we have our Tech Madness Champions. The competition was stiff, with 64 private companies and 16 public companies entering their respective brackets in the hope of becoming the last one standing. Now, two local companies can claim that honor. In this year’s Tech Madness competition, the winner of the private bracket is botkeeper, which took home the title of “2018 Tech Madness Champion – Private Bracket.” With 7,327 votes received in the last round, botkeeper – an automated bookkeeping service – prevailed over Notarize, which ended up as runner-up. This year, the whole private bracket received a total of 127,464 total votes since BostInno opened the competition.
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