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Botkeeper vs. Ceterus

We've compiled a few key differences between two automated accounting solutions: Botkeeper and Ceterus. Choosing the right automated bookkeeping solution is critical, and we want you to have the best information possible to do so. Ready to see the power of Botkeeper? Click below to book a live presentation. 

 

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Overview

Don’t settle for incomplete platforms.

A true automation-based bookkeeping platform will help you operate your end-to-end bookkeeping programs. While there are many bookkeeping solutions available today that can help streamline bookkeeping tasks, not all solutions are built the same. This page will help you understand the differences between Botkeeper and Ceterus so you can decide which is the right bookkeeping solution for your business or firm.

 

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Here’s a snapshot of how Botkeeper and Ceterus stack up.

Botkeeper

Botkeeper combines artificial intelligence and machine learning technology with high-quality, skilled accountants to deliver a full-suite bookkeeping and pre-accounting solution to accounting firms and their clients. You and your client base will receive 24/7 accounting and support as well as incredible insight into financials with beautiful dashboards and unlimited reporting.

Ceterus

Ceterus is an automated accounting and benchmarked reporting solution built to empower franchisees, small business entrepreneurs, and industry-focused CPA firms. Ceterus takes an innovative approach to accounting using proprietary technology backed by professionals to provide time-saving and insightful solutions.

 

Bookkeeping Services

Investing in an automated bookkeeping solution can transform your business. As the bookkeeping decision-maker, it's important to choose the right combination of tools and services that can deliver power and flexibility and are easy and delightful for your team to use every day.

To truly transform your bookkeeping, you need an integrated set of tools that help you drive accuracy, efficiency, and security, and ultimately tie all your bookkeeping efforts back to ROI.

With Ceterus, you get technology that automates tedious and time-consuming tasks to reduce the time and level of effort required of your staff. Their services include done-for-you accounting and benchmarked reporting. They specialize in bookkeeping for Dental CPAs.

With Botkeeper, all of this functionality is built directly into the platform, offering your firm a comprehensive solution. Using machine learning, artificial intelligence, and robotic process automation in conjunction with the expertise of senior accountants, we augment the manual and time-consuming tasks, creating lightning-fast and hyper-efficient bookkeeping (data entry, reconciliations, classifications, etc.).  

Botkeeper is able to fully automate your bookkeeping department with human-assisted AI. And you can benefit from avoiding increases in headcount and overhead costs, see and trust the health of company results due to noticeably less manual human error, and get superior reporting and real-time, 24/7 data entry.

In addition, Botkeeper provides you with comprehensive support from your own Botkeeper accounting team. From onboarding forward, we will ensure a customized experience for your firm. Plus, we offer 24/7 support, so we are always plugged in for you and your firm.

 

Technology & Features

Finding the right automated accounting solution for all your bookkeeping needs can become the foundation of your practice and the differentiator you need to grow. As a result, it’s important to seek out technology and features that fit your firm, staff, AND client base. This is why we’ve made Botkeeper with our CPA partners AND business owners in mind — we can grow and adapt our platform with your organization’s wants and needs. As a CPA, this means exponential value for you and your clients.

Ceterus' Edge is a proprietary cloud technology for automated bookkeeping. The system automates entries into QuickBooks Online and aggregates financial data to provide peer-benchmarked reporting.  

Botkeeper has built a full suite of tools, letting CPA firms pick the tools that work best for them and their clients. Botkeeper uses automation to combine various data sources while applying rules, processes, and calculations so you get the most insightful custom reporting and dashboards. This eliminates costly and error-prone manual accounting.

For firms looking for more, Botkeeper leverages machine learning technology to handle labor-intensive bookkeeping tasks by processing and categorizing transactions at an incredibly high accuracy level. The technology also learns more about your firm, and accuracy continues to improve. We extract data from receipts, process payroll, pay bills, send invoices, reconcile accounts, and generate beautiful reports.

With Botkeeper's Partner Platform, you have the ability to onboard and manage all of your clients through a custom white-labeled portal. Stay up to date on what is happening in all of your clients' Financial Hubs with your clickable activity feed, communicate directly with the Botkeeper accountants on what they need from you, and receive direct access to any open conversations you’re having within the tool.

The Botkeeper Client Portal is where the business owner would find financials, download statements, build custom reports, and chat with your Botkeeper team as desired. Your clients receive a central platform to connect their financial and non-financial accounts, ensuring that their data is automated, compiled, and organized. Your clients get fast, accurate, seamless bookkeeping each month while getting the personal touch, and top-notch advisory services only you can provide.

The best part is that the platforms tie together into a comprehensive ecosystem so CPAs, their business owner clients, and Botkeeper operate in a centralized hub.

 

 

 

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Average accuracy on transaction categorized by Botkeeper

Number of new clients you can bring on daily with Botkeeper

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Average time saved by clients with Botkeeper

 

Support and Success

Because having the right support is imperative for success, finding exceptional customer service is critical when evaluating an automated accounting solution. The best customer support enables fluid, real-time conversations to help troubleshoot issues and answer questions as they arise. They get back to you quickly to provide updates or solutions. They offer you multiple means of contacting them including email, chat, and direct message within the platform for your convenience. Choose an automated accounting solution that understands the value of being there when you need it. 

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Ceterus customer support is based on a monthly package. You can get anywhere from 3 hours per year to 9 hours per year of Customer Care Support based on the package you are in. You can also pay for additional "Customer Care" time blocks.

All Botkeeper packages include a talented and experienced Account Manager. Their role is intended to help empower accounting firms and assist them through periods of change.

Account Managers are unique to Botkeeper, adding another valuable element to the human-assisted automation we’re so proud to deliver to accounting firms. This team of experienced accounting professionals (even CPAs!) manages relationships with accounting firms of all sizes, including some of the largest and most innovative firms out there. They offer a broad technical and product knowledge to help accounting firms scale. Their whole end game is to ensure impeccable service and insightful guidance on how to get the most out of Botkeeper’s products and services.

We'd love to talk through our innovative approach to client support and success with you, so click below to speak with one of our experts!

 

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MEASURE ROI

Measure the performance of your bookkeeping when you integrate an automated solution, and see what your firm is able to achieve.

 

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Ceterus provides automation technology to eliminate manual, time-consuming bookkeeping tasks so that you can grow your business or Dental CPA practice and increase your margins. They provide period-based financial reports, daily dashboards, benchmarks, and cash forecasting.

Botkeeper goes a bit farther. Our solution allows you to automate bookkeeping and pre-accounting procedures so you can dedicate more time and resources to your client base. Leverage the newly available insights Botkeeper provides and increase the value you can offer your clients. You can also differentiate your brand, help expand your firm, and diversify your service offering. Botkeeper oversees the automation so you can focus on complex accounting, data integrity, and interpretation. We’ll be hard at work extracting data from receipts, processing payroll, paying bills, sending invoices, reconciling accounts, and generating beautiful reports — so you have more time to achieve your firm's goal and focus on what matters most.

 

Cost of Ownership

Growth Software Without Any of the Administration Headaches

The cost of ownership is a way for you to assess the long-term value of an automated accounting solution to your firm. While the cost of the package is certainly a key component to keep in mind, it's not the only cost that you should take into account.

 

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Ceterus bases its pricing model on service needs. They offer 63 main packages: Edge Select, Edge Complete, Advanced/Business Bookkeeping, Advanced/Business Bookkeeping + Tax, The Edge Select package starts at $329/per month. The Edge Complete package starts at $389/per month. The Business Bookkeeping starts at $199/per month. The Advanced Business Bookkeeping starts at $319/per month. The Business Bookkeeping + Tax starts at $279/ per month. The Advanced Business Bookkeeping + Tax starts at $399/ per month.  

Botkeeper's pricing packages are customizable and flexible. Botkeeper has a pricing model meant for accounting firms to choose what their needs are based on a combination of their client's gross expenses, how often they need services, and the services they need from Botkeeper — but we offer the same white-glove service regardless of your package. Pricing starts at $155 per entity per month, and scales based on cadence and average entity expenses.

We know that businesses change over time, and we want to make sure we provide pricing to reflect that. We have a toolset that allows you to estimate your costs with Botkeeper, and we also have a Botkeeper specialist to walk through your needs with you and help determine the best-fit bookkeeping services. The Botkeeper pricing structure is built to grow with your firm, offering a fully customizable option.

 

SCALABILITY

As the bookkeeping decision-maker, you probably think about your business every day (probably multiple times a day). Finding a bookkeeping solution that works for you today is as important as finding a solution that continues to work for you in the future. Will the solution you pick today be able to grow as you and your clients grow?

Ceterus provides an accounting solution that works for small businesses and Dental CPAs to provide industry-specific and peer benchmarks for business performance metrics - compare sales, margin, expenses against peers in their industry or brand. 

Botkeeper supports accounting firms of all sizes: small, medium, or large — we’re talking to all of you! We provide bookkeeping solutions for accounting firms that service every industry from restaurants to churches and healthcare providers and construction companies. Our solution was built to scale.

Botkeeper is much more than just software.

Choosing a bookkeeping automation provider is a crucial decision, so it's important to consider not only the software but the support and resources you'll receive, as well. We at Botkeeper are invested in your success. 

  • Free Training & Education Botkeeper resources are available to help you and your entire team learn best practices and successfully execute tactics that grow your business. Take a look at the dozens of resources available, and get started today.

  • Support Is Available For Your Entire Team Anytime you have a question, reach out and we'll answer. Our support team is happy to help, whether it's a question about our software or advice on how to best tackle bookkeeping tasks.

  • Deployment When you start using Botkeeper, you'll have a dedicated team to help you get started with the software, technical setup tasks, and execute your first successful dive into the tool. Learn more about Botkeeper Deployment here.

We've built the Botkeeper Platform to be easy for Accounting Professionals and their clients to use. That's why we're happy to share reviews of everyday professionals using Botkeeper to grow better, just like you. Click below to request a demo.

 

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Resources

The beauty of Botkeeper is its ability to scale and adapt to our growing business. After using Botkeeper for only 6 months, we’ve been able to save 30 hours per week on transaction categorizing, 5 hours per week of reconciling deposits, and 10 hours per month on reconciling revenue for just one of our clients! With bookkeeping running seamlessly with Botkeeper, I’m able to focus my time on reviewing output and making recommendations to my clients.
TM2 Tiffany Miller
Tiffany Miller
Tm2

Grow your business like a team twice your size.

Bring your team, tools, and data together to drive high-impact efficiency in your bookkeeping department- in less time.

 

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