7 Experts Weigh In On the Future of Accounting
Every industry is impacted by the rise of technology and automation, and for many, that can be an...
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 Indy so you can decide which is the right bookkeeping solution for your business or firm.
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.
Indy is the accounting solution designed for the self-employed. Simple and fun, it allows the self-employed to easily keep their accounts and complete their tax declarations in just a few clicks. Created in 2016, under the name of Georges the accounting robot, Indy now has more than 100 employees based in Lyon.
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, security, and ultimately tie all your bookkeeping efforts back to ROI.
With Indy, you get secure bank synchronization, automated bank reconciliation, categorization and breakdown of transactions, simplified document scanning, and personalized support. They offer you the ability to do your accounting online quickly and without errors, thanks to intuitive and secure software. They also offer tax declarations using their 18 steps self-guided process.
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.
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.
Indy's technology connects to your bank account and then imports all your transactions and tries to tag and categorize as many transactions as possible. They then put it on to the client to add missing data and add receipts or invoices to their transactions. Once this is done, the client will know how much VAT they’re supposed to get back at the end of the year. Indy then automatically fills out administrative forms based on their data. The client can then download their tax documents or send them directly from Indy.
A client can also use the Indy platform to get an overview of their business. They can see corporate revenue, track expenses, and see how much they earn per year based on personal expenses and their own pay.
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 the 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, 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.
Average accuracy on transaction categorized by Botkeeper
Number of new clients you can bring on daily with Botkeeper
Average time saved by clients with Botkeeper
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.
Indy claims their customer service will answer you in less than 4 minutes by live chat and email from Monday to Friday from 9 a.m. to 6 p.m. Their team supports you on a daily basis and at the time of tax closing. You can communicate with them directly by live chat, email or their blog, or their Facebook page.
Botkeeper provides a dedicated Account Manager, as well as a multiple-layer support model, so you always have the right resources available to you. Think of your assigned Botkeeper as your personal assistant—they’ll take care of all the daily data entry and bookkeeping for you. You’ll also have access to our Accounting team, which is made up of bookkeepers, senior accountants, and CPAs who oversee complex accounting. Your Botkeeper team is always standing by to answer any questions you might have! And you'll have consistent support from the same team month-to-month.
In addition, Botkeeper gathers all processes and procedures for reference, starting with deployment. We carefully gather the specifics of yours or your client's bookkeeping detail so we can reference it in the future.
While the tech performs most of the day-to-day, our team ensures that we are continuing to update and track any adjustments in your clients’ bookkeeping processes so you'll never experience any bumps in the road due to employee turnover. Our team maintains communication with you so no questions go unanswered and gray areas are cleared up quickly and efficiently.
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!
Measure the performance of your bookkeeping when you integrate an automated solution, and see what your firm is able to achieve.
Indy’s ambition is to simplify the administrative life of millions of self-employed by creating a smart application based on artificial intelligence that automates the most time-consuming accounting tasks. They hope to be 20 times faster than traditional software and 2 to 5 times cheaper than a chartered accountant.
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.
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.
Indy offers two packages of services. One is for Liberal professionals at IR (EI to income tax) and the other for Companies at IS (EURL, SAS, SASU, SARL, SELARL, corporate tax). The Liberal professional package is 20€ HT/month (Or € 24 incl. VAT) and includes the following services: Bookkeeping, Declaration 2035, VAT declaration, DSI or DS-PAMC, DAS2, 2042-C-Pro, Tele-transmission of the tax return to your AGM, Piloting and Customer support by live chat and email. The Companies package is 49€ HT/month and includes the following services: Bookkeeping, Declarations 2033 and 2065, VAT declaration, DAS2, Balance Sheet, Income Statement, GA PV, Piloting and Customer support by live chat and email.
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. The Starter package starts at $55/per month and scales up based on total expenses and unique needs.
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.
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?
Indy gives freelancers back their time by automating bookkeeping. Indy’s advanced dashboard, allows their clients to visualize the key figures of their activity and easily make the right decisions to save money.
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.
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.
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.
With the help of a dedicated Success Specialist, you will receive both technical guidance to properly configure the Botkeeper software, and campaign assistance to leverage the Botkeeper tools and methodology.
Our team is here to help! Accounting professionals and business owners are facing unparalleled challenges. We’ve created this resource hub overflowing with guides, calculators, templates, and more to help you get the most out of your experience with Botkeeper.
Technical and strategic guidance on setting up and using the Botkeeper Platform
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.