Unlock Efficiency: How Socoger Transformed Bookkeeping with Bookwell

Background
Socoger is an accounting firm with operations in both Australia, UK and France, specializing in providing comprehensive financial and bookkeeping services to small and medium-sized businesses.

As their client base grew, Adam, the owner of Socoger, noticed that their traditional manual data entry and bookkeeping processes were becoming inefficient and prone to errors. To maintain high service standards and enhance operational efficiency, Adam decided to integrate Bookwell into their workflow.

Challenges
Before adopting Bookwell, Socoger relied heavily on manual data entry and financial report generation. Each day, the firm’s accountants in both Australia and Europe spent significant time processing client invoices, receipts, and bank statements, manually categorizing them into the correct accounts. This process was not only labor-intensive but also increased the risk of human error. With Socoger’s expanding client base across two continents, Adam realized that their existing workflows were unsustainable, potentially jeopardizing client satisfaction and the firm’s reputation.

Solution
After researching various solutions, Adam found that Bookwell offered the ideal balance of functionality and affordability. Socoger implemented Bookwell’s features across both their Australian and European offices:

1. Efficient Data Entry: Bookwell’s intelligent data entry feature allowed Socoger’s accountants to upload client invoices, receipts, and bank statements directly into the system. Bookwell then automatically extracted and recorded the data, significantly improving speed and accuracy compared to manual methods. This transition reduced the time spent on data entry and virtually eliminated errors across both regions.
2. AI-Powered Categorization and Report Generation: Once data entry was completed, Bookwell’s AI took over, automatically categorizing bookkeeping entries, reconciling accounts, and generating financial reports. This automation drastically reduced the workload associated with account categorization and report generation. Additionally, Bookwell’s visual analysis tools enabled Adam and his team to gain deeper insights into their clients’ financial health, allowing them to provide more strategic financial advice.

Results
With Bookwell, Socoger has experienced a significant improvement in efficiency and client management. The firm can now manage the bookkeeping for 10 clients with a Pro account that costs just $20 per month, making the average management cost per client only $2. This affordability has been especially valuable for Socoger as they continue to expand their operations in Australia and Europe.

The time saved by using Bookwell has allowed Adam and his team to focus more on providing high-value financial advice to clients, enhancing client satisfaction and strengthening Socoger’s competitive position in both markets.

Client Testimonial
“Bookwell has been a game-changer for Socoger. We used to spend countless hours on manual data entry and bookkeeping, but now Bookwell handles it all. The efficiency gains have been tremendous, and it has allowed us to provide even better service to our clients. We’re extremely pleased with the impact Bookwell has had on our firm, both in Australia and Europe,” says Adam, the owner of Socoger.