Founder and CEO Enrico Palmerino
BOSTON, August 3, 2018 – botkeeper®, the first automated bookkeeping solution, today announced that it is now offering its breakthrough accounting service to the vending industry. Today’s announcement is both nostalgic and gratifying for botkeeper founder and CEO Enrico Palmerino who began his entrepreneurial career in the vending industry.
botkeeper is redefining modern accounting best practices, empowering vending companies to grow their businesses by eliminating a significant and costly administrative burden: traditional bookkeeping.
Bookkeeping is an important, yet historically very manual business process. Business owners, accountants, and bookkeepers spend many hours recording transactions oneat-a-time and feeding this data into complex, hard-to-navigate systems. It’s timeconsuming, expensive, and error-prone. In addition, such legacy processes do not allow business owners to see – and act on – cross-functional trends impacting their overall business.
botkeeper clients save money and time by automating bookkeeping tasks through a blend of dedicated machine learning (ML), artificial intelligence (AI), and human assistance. The botkeeper service offers significant cost savings (up to 50% compared to traditional alternatives), 99.97% accuracy, and fully-customizable dashboards and reporting which provide company-wide business intelligence. As a vending company grows, botkeeper scales with it while still offering significant savings.
With botkeeper, vending businesses secure a dedicated bookkeeper – referred to as a “botkeeper” – that provides accounting services virtually. A botkeeper represents a combination of technology and human assistance that can securely access a business’ financial information (e.g., banks, credit cards, and accounting software) to make entries, track and schedule revenue and deferred expenses, account for payroll, reconcile bank accounts, send invoices, and more.
Serving the vending industry comes naturally to botkeeper’s Palmerino. As a child entrepreneur, he set-up gumball machines in storefronts in and around his western Massachusetts hometown. To this day, he retains several of the original gumball machines as well as other vending machines located in other Bay State locations.
“Starting at about ten-years-old, I set-up my first gumball machine and began living the nightmare of manual bookkeeping,” Palmerino recalls. “In fact, I remember one business owner kind enough to let me place a machine near his cash register noting to me, ‘Of course, you’ll have to pay taxes on all of those quarters.’ It’s nice to be able to give back to the industry that gave me my start.”
Botkeeper offers a range of pricing plans based on the number of monthly transactions completed. The plans include the new “botkeeper Free” package, a cost-free offering which includes up to 20 monthly revenue and expense transactions. For more information about all of botkeeper’s services, please see https://www.botkeeper.com/pricing-packages/
About botkeeper botkeeper, the first robotic bookkeeping solution, 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 leadingedge companies trust botkeeper for round-the-clock accounting services that save them time and money and allow them to focus on growing their businesses. For more information, visit www.botkeeper.com.