Overcome the accounting challenges of Stripe Connect by using an automated solution that handles massive transaction volume and complex reconciliation scenarios
Stripe Connect is widely adopted by SaaS providers and marketplace businesses because of its fast deployment, global payouts capability, scalability, and more. Unfortunately, one of the downsides is that Accounting teams inherit a massive amount of transaction data and complex scenarios when it comes to payments, fees, multi-tiered payouts, etc. – which makes reconciliation incredibly challenging. Leapfin helps by automating the preparation of data so Finance teams can scale operations as the business grows.
Drill into detailed Stripe Connect transactions to explore and understand anomalies using natural language prompts in Luca – Leapfin’s AI agent
Yes, Leapfin has a powerful native integration with Stripe - which includes Stripe Connect. It has evolved from years of experience working with Stripe, and it’s available to all customers.
Yes, within Leapfin users access the Connected Accounting Map that allows them to easily see how all of their Stripe Connect transactions – payments, payouts, fees, etc. – are linked, which provides complete visibility and traceability into every detail of their revenue data.
Stripe Connect is a payment processing solution that enables businesses to manage and route payments or payouts between sellers, customers, service providers, etc. It works as a main platform account that accepts payments and also controls multiple Connect accounts that can be individually configured including ultimately where it pays out to.
Yes, the combined power of Leapfin’s automated data management and mapping capabilities, along with the Connected Accounting Map empower users with full visibility into every single transaction type created with Stripe Connect. This gives users the ability to quickly reconcile data, as well as resolve any anomalies or issues that arise.
Yes, but oftentimes it produces incomplete results, and doesn’t present data in an accounting-friendly format. Luca – Leapfin’s AI agent – is purpose-built to support anyone in the Finance or Accounting organization, by offering them the ability to easily explore data with natural language prompts. There are also dozens of templated prompts to cover many common requests making it even easier to work with. The results can be easily saved as reports for future reference and shared within your team’s Leapfin workspace.