Automate Finance bookkeeping with Botkeeper.
February 10, 2022

Automate Finance bookkeeping with Botkeeper.

Vaibhav Sharma | TrustRadius Reviewer
Score 6 out of 10
Vetted Review
Verified User

Overall Satisfaction with botkeeper

  • Generating and getting on the fly consolidated tech stack.
  • For financials, it comes with bank grade security.
  • Task management, workflow documentation.
  • Document storage.
  • Dashboards which is populated from financial and non-financial sources as well give a better insight into options.
  • Potential and capabilities for revenue recognition are not up to a high standard, which is a basic ask.
  • The exhaustive analysis is not possible with just Botkeeper, one needs to integrate with some other third-party service provider, and that's something that is not considered good.
  • Analytical outputs in terms of charts and graphs need to be more adaptive as only a few configurations are provided and the rest seems to be pulled from the provided one, which imparts an overhead.
  • Botkeeper claims best probability and statistics calculations but sometimes standard deviation shows it way away from acceptance criteria.
Botkeeper is quite new to accounting solutions. The tech base is quite new and cutting edge. Service support is quite fast and good. Integration support is open to another third party to enhance in all possible ways. Eliminates overhead of hiring permanent resident accountants. Great user experience and well-optimized tools.
Well, Suited Scenarios are: Automating the data entry, analysis, bookkeeping, managing finances fairly on this basis, and pulling out burndown charts, reports, and other analytical chapters. hence it helps in understanding the business, cash flows, or issues related to that which surely end up with the ideas of revenue growth directly and indirectly as well. And the most important thing in all this is done by AI-powered tools so management of resources overhead is no more. Scenarios where it is less appropriate: When it comes to a strong comprehensive accounting then the bookkeeper fails there and we need to integrate with third-party service providers to achieve the goal. So this is the worst scenario. And for detailed resources, one needs a vast knowledge base, and that's not the case with the Botkeeper as its knowledge base appears to be limited to basic.