AI-powered revenue recognition

Quickly and easily adapt to operational changes by consolidating your revenue transaction data into a single system that is built to grow with your business.

See How It Works

Easier reconciliation and faster revenue reporting

As companies grow, it gets more difficult to keep up with changes in the business – more systems, larger volumes of data, billing, payment, and compliance complexity. Leapfin consolidates your revenue transaction data into a single purpose-built system, powered by automation and AI, giving you access to complete, real-time revenue data for faster, easier reconciliation and reporting.

Benefits of using Leapfin for revenue recognition

Handle complexity in the business – and properly account for it

Even if your pricing and packaging or business model is complex, Leapfin automatically manages financial data preparation to meet your requirements.

Easily adjust and track how your data is managed and enriched

As your business grows, Leapfin’s flexible data management and enrichment rules enable you to make adjustments to ensure business and industry compliance, plus track and audit any changes to data or rules.

Explore data and keep up with operational changes

Use natural language prompts to uncover anomalies, identify trends, and resolve issues. Then use AI to update rules to account for new data types and transactions.

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Empowering Finance and Accounting teams to account for and report on revenue at scale

Automatically ingest data from multiple sources

Instead of relying on spreadsheets to manually merge revenue data from multiple systems - like PSPs, billing systems, data warehouses, etc - data is automatically ingested into Leapfin in real-time.
Unify your data See integrations

Raw data automatically prepared for accounting

Access a single, organized system ready for reconciliation, journal entry preparation and reporting, so you can avoid the painstaking work of formatting inconsistent data from multiple sources.
Transform your data

Anytime access to your most valuable data

Empower your team with the ability to review, reconcile, post, and analyze your revenue data whenever you need to, without the burden of relying on other teams to fulfill data or report requests. 
Control your data

Track and link every type of revenue transaction

Gain full visibility into the entire order-to-cash process with details on every type of transaction, from every source of data, in one system, ready for internal review and even auditors.
Trace your data

Streamline revenue reconciliation and reporting

Drill into all of the details of your revenue transactions, and the links between them, with the help of the connected accounting map, standard reporting, and Luca’s AI-powered data exploration.
Explore your data

Share reliable revenue data across your business

Revenue reporting is faster and easier than ever when all of your disparate transaction details are consolidated into a single system and transformed into clean, reliable data ready to be shared.
Deliver your data

Resources for AI-powered revenue recognition

Real-world examples of improving reconciliation and revenue recognition

  • headshot_brian-cheung
    I finally feel like I can fully support the numbers I’m posting to NetSuite every month. If someone asks, I don’t need to explain assumptions – I just pull the report in Leapfin.
    Brian Cheung Sr. Manager, Accounting, GoodRx
  • headshot_rebecca-wang
    Leapfin is like our digital glue. It connects all of our financial data sources together so our team isn’t spending time manually tying everything out.
    Rebecca Wang VP Finance Corporate Controller, Guideline
  • headshot_rodrigo-brumana
    With Leapfin, we are faster, we are more accurate, and we are drama-free. It's transformed our close process. No surprises, no last-minute scrambles. Everything just runs smoothly.
    Rodrigo Brumana CFO, Poshmark
  • lindsay-remigio
    The feed from Leapfin to NetSuite works seamlessly. It's something that we don't have to worry about anymore.
    Lindsay Remigio Sr. Manager, Revenue Accounting, Reddit
  • headshot_melissa-tuttle
    The consolidated view of our revenue in Leapfin is fantastic. In literally one click we can easily see change month to month. And, because every single transaction is right there, we can dig into details for any explanation we may need.
    Melissa Tuttle Director of Accounting Systems, Outside
  • Melissa Lee
    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
  • ian-booler
    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
  • minnie-luo
    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
  • damien-singh
    If you’re a high complexity high transaction volume business, Leapfin is a no brainer.
    Damien Singh CFO, Canva
  • headshot_joe-blanchett_large
    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 Director, Business Systems, SeatGeek
  • Jason Grenier Altitude Sports
    The consistency and quality of data we get with Leapfin is excellent. The reduction in our month-end close time has freed up our team to focus on meaningful analysis, driving better business decisions.
    Jason Grenier CFO, Altitude Sports

FAQs

Leapfin automatically consolidates and enriches transaction-level data from Stripe (as well as any other data source), normalizes and enriches the data, and automatically creates journal entries based on your business requirements. Accounting and Finance teams can recognize revenue accurately and reconcile payments faster, even as billing complexity increases, by eliminating manual spreadsheets and more easily complying with ASC 606.

Absolutely. Leapfin is specifically designed to handle the complexities of subscription billing models including usage-based pricing, tiered plans, and multiple revenue streams all while ensuring GAAP-compliant revenue recognition. And as your business grows and evolves, Leapfin’s flexibility allows you to make necessary adjustments and ingest and explore large volumes of data without skipping a beat. 

Yes! Leapfin is built for teams that want to automate a simple revenue recognition schedule, but it’s especially effective for companies that have added complexity that comes from multiple billing or payment systems, product and pricing models, geographies, or other variables. By giving users control over their implementation and configuration they can apply – and change – rules that meet the specific requirements subscription businesses face when it comes to recurring billing and deferred revenue.

Leapfin uses native AI to help users surface trends, anomalies, and new transaction types using natural language prompts without requiring SQL or other query language skills. It helps Finance teams stay ahead of changes, troubleshoot issues faster, and adapt enrichment rules without waiting on engineering or BI teams.

Automating revenue recognition reduces tedious manual work, speeds up month-end close, and improves reporting accuracy across large volumes of transactions. It also helps Finance teams stay audit-ready, and ensures compliance with standards like ASC 606. And with Leapfin, users also benefit from having complete, reliable revenue data in real-time, giving leadership more timely visibility into revenue performance well before month-end close. 

Key features to look for include the ability to handle high transaction volumes, flexible data transformation and enrichment, real-time reconciliation, and integrations with multiple billing systems and ERPs. Increasingly, finance leaders are also prioritizing AI capabilities that promote team efficiency, increased ROI, and adaptability to keep up as the business changes without having to hire additional people.

As companies scale, they adopt more systems to handle different pieces of the billing and payment experience, expand into new geographies, introduce varied product and pricing models, and have added layers of internal and external compliance requirements. This results in fragmented operational data across the business, managed by multiple functional teams (engineering, product, etc.), making it harder for Finance teams to track, reconcile, and recognize revenue in a timely and compliant way.

See how Leapfin can help streamline your reconciliation process

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