Scorekeeper - Life Insurance - Page 3

Artificial Intelligence for Accounting Domination

Automate Your Accounting

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Automate Your Accounting...
With Scorekeeper Software, an A.I. Platform for Automating Accounting ®

Let Scorekeeper® bring your bookkeeping into the future.

Scorekeeper®, Automated Accounting

Robust Reports

Why Purchase
Scorekeeper?

Scorekeeper can free up time spent on accounting. It provides valuable tools needed and will help you because:

Bookkeeping will be done by automation and AI within 5 years
Artificial intelligence is infiltrating the financial sector.
A potential recession will make automation even more needed.
There are an inordinate amount of motivated sellers (boomers)
Accounting industry is behind in tech, automation and A.I.

"The Perfect Partnership Between Man & Machine."

We're here to help you...automate your bookkeeping with A.I.

How A.I. & tech are changing accounting forever:

Exits: The exit-movtivated players are increasing
Boomers: Aging Baby Boomers with no succession plan
Valuations: Compliance-driven firms reducing in value
Tech Buys: Value-added tech purchases merged in
Growth M&A: ~66% of future growth will come from M&A
Client Niches: Firms wanting specialty client niches
Tax / Audit: Tax & Audit practices moving consulting model
Strategic M&A: Pickier and more strategic buyers about alignment

Strategy Questions...Answered

We are targeting practices with 80% bookkeeping work and 20% other work
Not looking to acquire firms where over 20% of revenue is tax, payroll, & audit
Seller finance and earn-outs will be common and expected on each deal
Average multiple on the buy side ranges from 2.2X EBITDA to 5.5x EBITDA
It is possible that we will buy the book of business and not the practice
May 15 to December 15 is the ideal acquisition season for accounting firms
When we approach potential sellers they can:

Fold their practice into Scorekeeper to scale (if $300K+ in EBITDA)
Sell their practice to Scorekeeper and retire (if $500K+ in EBITDA)
Buy our technology (rare) for their practice (pricing is very aggressive)