Automating monthly-close | Leapfin

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Streamline month-end close

Streamline every close by automatically aggregating and preparing operational data for faster review and reconciliation.

AI-powered revenue recognition and reconciliation with Leapfin

Growing companies constantly change, and that makes month-end close harder every month. Operational data is scattered and often incomplete. Scaling data volume pushes spreadsheets past their limits. Packaging and pricing experiments impact how revenue gets accounted for. Compliance requirements and scrutiny increase. Leapfin automatically consolidates and prepares your operational data to empower your team with complete revenue results anytime, not just at the end of the month.

Benefits of Leapfin for month-end close

Turn fragmented operational data into accounting-ready data automatically

Reduce the number of steps to close the books by accessing accounting-ready revenue data that has been automatically consolidated and transformed in real-time.

Drill into any transaction for details and links

Check for revenue data completeness and accuracy, and see the complete order-to-cash journey and all accounting treatments applied, all in a single system that eliminates the manual work of preparing your operational data for month-end close.

Scale finance operations as the business grows

As month-end close gets harder with more systems, larger volumes of transactions, billing and payment complexity, or changes that come with business growth, Leapfin is purpose-built to scale with you.

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.

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.

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.

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.

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.

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.

Resources for revenue accounting & payment reconciliation

Real-world examples of improving reconciliation and accounting efficiency

FAQs

How does Leapfin help improve the month-end close process?

Leapfin automates the transformation of raw operational data into accounting-ready revenue data in real time. This reduces manual work, ensures accuracy, and speeds up reconciliation. Finance teams can access complete, auditable revenue insights anytime – not just at month-end – making close faster, smoother, and scalable as the business grows.

What is automated revenue recognition and how can it help with month-end close?

Automated revenue recognition helps Accounting teams streamline the month-end close by transforming raw operational data into compliant, accounting-ready revenue data in real time – eliminating manual work and reducing close time.

Why is AI important for revenue recognition software?

AI capabilities in revenue recognition software enable users to quickly and easily adapt to changes in the business – like new or updated pricing and packaging, new compliance requirements, or new products. AI also helps with data exploration, enabling finance and accounting professionals to run detailed reports or analysis themselves without needing to rely on other teams.