Botkeeper, an accounting and bookkeeping automation solutions company, announced it has opened an early access waitlist for the new “humanless” version of its product. CEO Enrico Palmerino recently made the announcement on LinkedIn and confirmed the news via direct message.
Botkeeper has previously relied on a combination of AI and human labor to handle routine tasks for accounting professionals in order to free them up to concentrate on broader strategic work. Now, after what Palmerino said were years of engineering, hundreds of millions of data points and nearly $100 million invested, Botkeeper no longer requires the human support it had needed before, as the software can now operate much more autonomously due to the quality of the bots that it keeps.
“The machine and supporting platforms are now capable of doing a majority of the basic bookkeeping work without any human supervision or assistance on our end,” he said via a message on LinkedIn.
Botkeeper customers will now be able to choose from the pure software version, a software plus basic services package, and a software plus advanced services package. Palmerino said that the company is still determining the specific pricing for the new version but noted that, with more automation and fewer human labor costs, the company can and will be offering it for less.
The new version is not the product of recent advances in generative AI but, rather, the result of continuous iterative work by company engineers to do things like improve the model and build key features. Palmerino noted that it took much more time, money and engineering than he thought, plus more obstacles and challenges along the way than he anticipated, but “eight years later and it’s here.” He credited the team for getting the company to this long term goal.
“I owe everything to the team that got us to this point. … this new release is massive. It’s bigger than anything we have built to date and it coincides with 5 other major releases that are all being rolled out simultaneously. Effectively everything until now was built to allow us to learn so we could build and launch this,” he said in a follow-up to the original LinkedIn message.
