Botkeeper vs. Indy
We've compiled a few key differences between two automated accounting solutions: Botkeeper and Indy. Choosing the right automated bookkeeping solution is critical, and we want you to have the best information possible to do so. Ready to see the power of Botkeeper? Click below to book a live presentation.
Overview
DON’T SETTLE FOR INCOMPLETE PLATFORMS.
A true automation-based bookkeeping platform will help you operate your end-to-end bookkeeping programs. While many bookkeeping solutions are available today to help streamline specific bookkeeping tasks, not all solutions are built comprehensively. This page will help you understand the differences between Botkeeper and Indy, so you can decide which bookkeeping solution is best for your firm.
Technology & Features
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 accounting partner firms in mind — we can grow and adapt our platform to your organization’s wants and needs, offering unsurpassed value for your clients.
Botkeeper leverages proprietary machine learning technology to handle labor-intensive bookkeeping tasks by processing and categorizing transactions at an incredibly high accuracy level. This goes FAR beyond static rules—our global models are continuously refining, while your client's specific model improves with each transaction successfully coded or updated. This is smart tech that adapts.
As an end-to-end bookkeeping solution, Botkeeper integrates with QBO and Xero, auto-categorizing and matching transactions, surfacing exceptions, automatically reconciling bank and credit card accounts and recording of principal/interest loan splits. It also offers centralized communication, task and project management, secure password management, and a close tracker that helps you see at a glance how closing is proceeding.
Interacting with your team and even your clients is made simple with Activity Hub, a central space for all comments made anywhere across the platform, while Client & User Management helps you control access and permissions, customize your portal with your logo and favicon, and more. Botkeeper's Documents feature incorporates a secure portal for document storage, exchange, and review—it even includes version tracking and a customizable folder structure. And all of it is super-secure, with 256-bit encryption that's SOC 2 Type 2 accredited.
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.
Training & Support
When your firm streamlines its bookkeeping with Botkeeper, your support and training needs will be unique.
To accommodate all needs cases, Botkeeper offers different service tiers. While everyone gets in-app step-by-step guides, access to our comprehensive Knowledge Base, live chat, monthly group training webinars and access to Botkeeper University (our vibrant user community), we also offer additional options:
Our Enhanced Onboarding & Support tier adds our four-week Essentials training course, a quarterly strategy consultation, and an assigned client success associate. This plan is included when adding 11-50 entities, but it available for a one-time fee if you are adding fewer than 11.
Choose Premium Onboarding & Support to add your own outreach concierge and everything in the Enhanced plan. This plan is included when adding 51 or more entities, but it available for a one-time fee if you are adding fewer than 51.
Indy offers personal consultations, a resource center, a network for small business owners and freelancers, and phone and email support.
MEASURE ROI
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.
Cost of Ownership
Growth Software Without Any of the Administration Headaches
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. Pricing starts at $155 per entity per month, and scales based on cadence and average entity expenses.
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.
Botkeeper is much more than just software.
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.
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Free Training & Education — Botkeeper resources are available to help you and your entire team learn best practices and successfully execute tactics that grow your business. Take a look at the dozens of resources available, and get started today.
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Support Is Available For Your Entire Team — Anytime you have a question, reach out and we'll answer. Our support team is happy to help, whether it's a question about our software or advice on how to best tackle bookkeeping tasks.
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Deployment — When you start using Botkeeper, you'll have a dedicated team to help you get started with the software, technical setup tasks, and execute your first successful dive into the tool. Learn more about Botkeeper Deployment here.
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.
Grow your business like a team twice your size.
Bring your team, tools, and data together to drive high-impact efficiency in your bookkeeping department- in less time.
