BOSTON, May 23, 2018 (GLOBE NEWSWIRE) -- botkeeper®, the future of bookkeeping, today announced the release of ScanBot™ 1.0, a significant enhancement to the botkeeper mobile app. ScanBot allows botkeeper clients to take a picture of an invoice, receipt, or other Accounts Receivable (AR) / Accounts Payable (AP) document. Relevant data is then extracted from the image and entered into the company’s accounting or AP software.

The ScanBot app gives botkeeper clients an additional tool to use to automate and streamline their accounting workflows. ScanBot reduces the number of steps necessary to record an AR/AP transaction and reduces the need for manual data entry.  

“botkeeper continues to invest in product innovation and ScanBot is the latest example of this effort,” said Enrico Palmerino, botkeeper CEO. “botkeeper is fundamentally changing an age-old industry and redefining modern accounting best practices – moving businesses from traditional bookkeeping to automated ‘botkeeping’.”

“The addition of ScanBot to the botkeeper platform is a needle mover for any business looking to attack legacy bookkeeping processes,” said Zack Gould, co-founder of G&N Insurance.

Bookkeeping is an important, yet historically very manual business process. It’s time-consuming, expensive, and error-prone; often eliminating a company’s ability to see – and act on – cross-functional trends impacting its overall business. Hundreds of botkeeper clients save money and time by automating bookkeeping tasks through a blend of dedicated machine learning (ML), artificial intelligence (AI), and human assistance. As these companies grow, botkeeper scales with them while still offering significant savings over alternatives.

With botkeeper’s combination of AI and human assistance, clients receive the best of both worlds – great service and support at an unbelievable price point. botkeeper software securely accesses financial and non-financial information (e.g., bank, credit card, CRM, web analytics, and accounting software) to make entries, track and schedule revenue and deferred expenses, account for payroll, reconcile bank accounts, send invoices, and provide a 360-degree view of a client’s business.  In addition, skilled botkeeper accountants continuously review client financials to ensure accuracy, handle complex accounting challenges, and are available to assist with any financial questions that may arise.

ScanBot is available free to all botkeeper clients and can be downloaded via the App Store or Google Play. ScanBot is currently a mobile-only application and not supported by the botkeeper web portal.

About botkeeper

botkeeper, the future of bookkeeping, provides growing businesses with a robotic bookkeeper that automates bookkeeping and accounting tasks using machine learning (ML), artificial intelligence (AI), and human assistance. Hundreds of leading-edge companies trust botkeeper for 24/7 accounting services. botkeeper saves them time and money and allows them to focus on growing their businesses. For more information, visit www.botkeeper.com.