Architecture
Connect and transform siloed transaction data hidden into reportable financials and actionable insights with Leapfin.
Actionable, accessible, transparent insights powered by flexibility
Built with Finance teams in mind, Leapfin is built upon a flexible, transparent data model that centralizes, standardizes, and establishes relationships across millions of transactions and transforms them into reportable financial records like journal entries and subledger accounts. Close your books in minutes, not days, with transparent, actionable data.
Leapfin applies its data model to two crucial events in the accounting process: the Accounting Record Graph (transaction data transformation) and Revenue Accounting.
Accounting Record Graph
The Accounting Record Graph transforms raw transaction data into detailed records by establishing links between related transaction activities to represent the transaction trail and every adjustment along the way. This information then gets converted into a Universal Accounting Records that provides visibility into the entire transaction journey.
Revenue Accounting
Leapfin applies revenue rules (templated or customized) to Universal Accounting Records to then create journal entries that adhere to accounting and compliance standards and recognize revenues accurately. These journal entries then serve as the basis for subledger creation. Drill into the subledger or journal entries to see the transaction details and data within.
Daily data updates
Close books continuously with real-time data. Leapfin extracts data from your transaction processing systems daily and enables you to see the data process in real-time.
Integrated into data stack
Integrate your transaction processing and financial reporting in systems in Leapfin for complete visibility into your transactions and to streamline the accounting process.
Immutable records
Lock accounting records and journal entries to ensure new transaction data doesn’t overwrite historical data crucial for accurate reporting.
Trusted data
Protect valuable revenue data in Leapfin’s SOC 1 and SOC 2 Type 1-secured platform. View audit logs which highlight the data process and every user activity in Leapfin.
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Leapfin helped parse out and make sense of the data that already existed. Simple searches in Leapfin make it easy to track things like refunds, revenue stream trends, and month-to-month movements. Without reporting bottlenecks, Canva is no longer vulnerable to surprises at month-end.Melissa Lee Corporate Controller, Canva
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With Leapfin, We didn’t need to increase headcount significantly to account for our growth. We were able to double transactions, especially during peak seasons, without growing the accounting team.Ian Booler VP of Finance, Altitude Sports
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Before Leapfin, our reporting processes relied heavily on Excel, and close took up to 90 days. Now, we can close in just 5 days because Leapfin automates our entire data process and revenue reporting so that we can report accurate, validated financials at the end of the month.Minnie Luo CPA, Director of Revenue Operations, Top Hat
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If you’re a high complexity high transaction volume business, Leapfin is a no brainer.Damien Singh CFO, Canva
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Leapfin has completely transformed our month-end close process, eliminating 4 days of manual work, with its ability to handle hundreds of millions of transactions and transform them into a subledger.Joe Blanchett Senior Product Manager of Finance Systems, SeatGeek
