Track Recurly subscription payments, invoices, and revenues in real-time alongside PSP transactions, for insight into your business to increase profits and improve subscription management.
Accurate reporting and analysis with real-time transaction insights
Without accurate reporting, how will you know if you offer too many discounts, your refund policy, or if your subscription timeframes are too short?
Answer these questions with ease with detailed transaction insights and segmentable reports. Combine subscription billing and payment insights from Recurly with data from other operational tools like Stripe, Apple App Store, and more to view every turn of your transaction in one platform before integrating the aggregated subledger report into NetSuite.
Reconcile differences automatically
Dozens of subscription events flow through Recurly weekly, monthly, quarterly, and annually – from invoices to payments to refunds. You still have irreconcilable differences in your accounting and mistimed transaction reports. Since some parts of your transaction journey live in other operational tools, events might get attributed to the wrong accounting period.
Mitigate these issues automatically by streamlining Recurly events with transaction activities in other systems, assigning each activity to the proper period, and then creating an auto-reconciled subledger that you can push into NetSuite. No manual workarounds or late nights required.
Pre-built logic for accurate financials
Manually calculate foreign exchange rates or different tax rates across multiple journal entries.
Or, apply these calculations with pre-built revenue logic, automatically create ledger entries, and push them into NetSuite, all without any manual effort. It’s up to you.
Easy, pain-free audits with traceable transaction linking
Remember when audits meant reconstructing the transaction story from order to cash? What happens if you invoiced a user a few months ago and reinvoiced them a week ago because of a dispute? Answer auditor questions in minutes with a full view of your transaction data, audit log, and link related activities together and back to their source.
Leapfin is our valued partner for revenue recognition. All of the PSP data that we need for the month-end close lives in Leapfin and gets updated in real-time.