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As someone who has led the accounting and finance for high transaction businesses... I knew the value of HubiFi as soon as I saw it! Not only does this brilliantly developed engine shave a ton of time off your close, it also acts as a detailed subledger and audit proofs your financials.
We've tried virtually every finance and data tool under the sun, but they all fell short when it came to revenue reporting, we were still in excel and waiting on the accounting close. That was until HubiFi, now we have real-time visibility and analytics into our most important financial measure.
Jason and the HubiFi team are experts at their craft and helped me reduce the close by over 75%, gave us a unified view of our financial data and enabled us to identify margin erosion opportunities we had no visibility to before.
We had a major gap in our revenue accounting automation and reporting, and HubiFi closed it fast. In one week, they delivered a fully reconciled year of Apple App Store data—something that had stalled for months in prior automation attempts. They brought us to full ASC 606 compliance and unlocked clean, reliable O2C reporting.
I didn't think HubiFi could do everything they claimed: fully automate our Subscription to Cash accounting on an aggressive timeline, solve our Apple data pain points, and succeed where other implementations had failed. We reconciled all of the data and gained confidence in the accounting within 2 months. We finally found the right partner.
I was skeptical when HubiFi claimed to be able to automate our Stripe order to cash accounting and give us comfort that the data was right after so many vendors we worked with couldn't. But sure enough, we were able to reconcile all of the data and gained confidence in the accounting in under 2 months.
We were initially skeptical that the HubiFi team could handle our millions of transactions and have us implemented in a week. But within a week, what used to be a time-consuming, manual process is now automated, providing revenue calculations across all product combinations on a daily basis.
As someone who has led the accounting and finance for high transaction businesses... I knew the value of HubiFi as soon as I saw it! Not only does this brilliantly developed engine shave a ton of time off your close, it also acts as a detailed subledger and audit proofs your financials.
We partnered with HubiFi to automate our B2C revenue recognition from Stripe and multiple internal data sources. We now have a single source of truth for revenue, which significantly improved our reporting and compliance. Within a week we were able to identify six figures in revenue leakage that had previously gone unnoticed.
We've tried virtually every finance and data tool under the sun, but they all fell short when it came to revenue reporting, we were still in excel and waiting on the accounting close. That was until HubiFi, now we have real-time visibility and analytics into our most important financial measure.
Jason and the HubiFi team are experts at their craft and helped me reduce the close by over 75%, gave us a unified view of our financial data and enabled us to identify margin erosion opportunities we had no visibility to before.
Automates manual accounting adjustments by converting constantly changing data sources into period-specific, accountable data, ensuring accurate revenue recognition. Never fix the accounting from your legacy rev rec system again.
Seamlessly integrates with any source system or general ledger to automate ASC 606 compliance and order-to-cash accounting. Accounting can be the last to know and still keep up.
HubiFi’s UI is the giant pivot table of your order to cash finance data you’ve always wanted. If you can use a pivot table you already know how to use HubiFi.
Built to pass public company audits. SOC 1/2 Type II compliant with easy, documentable reconciliation controls make getting order to cash ready for audit easy.
HubiFi was built by accountants with accounting needs built from the ground up. Simple enough for a startup, but rugged enough to undergo a public company audit.
HubiFi connects wherever your revenue data sits (except file cabinets)
- Pre-built for the most common systems
- Custom connections < 1 week
HubiFi’s proprietary Change Data Capture turns constantly changing and unaccountable data sources into accountable data for appropriate period accounting.
Other rev rec tools are rules-engines that make accounting or a consultant configure and manage rev rec rules.
HubiFi is purpose built and attested ASC 606 calculator that performs all of the O2C cash accounting in the revenue cycle.
See how we compare to the most common vendors in the space here.
The primary ways companies have solved rev rec in the past are:
-Zuora/RevPro or similar tool
-Stripe rev rec
-Netsuite ARM
-Generic iPaaS/ETL tool like Boomi, Celigo, Workato, or Alteryx
-Internal build
There are 5 main reasons people switch to HubiFi from those:
1) Lower total cost of ownership - The maintenance costs for tools requiring manual intervention for rule setting and contract modification accounting are high in: pricing, manual effort, internal controls, and audit costs.
2) More accurate and useful revenue reporting for the business - Legacy rev rec tools book entries that lack the granularity needed for useful reporting. HubiFi enriches revenue accounting with operational data, providing FP&A a single source of truth tied to the GL.
3) Operational Flexibility/Scalability - HubiFi implements and integrates with new systems within weeks, not months. As such, it removes friction for up stream system selection for Operations and let’s accounting and finance move as fast as the business changes.
4) Audit Risks & Risk Reduction - Legacy rev rec tools require many points of manual intervention, raising risk around compliance and accuracy. HubiFi removes this manual intervention and derisks the O2C accounting cycle.
5) Revenue Leakage - Most teams know there is a level of revenue leakage in the current manual parts of the process. HubiFi identifies these during implementation, confirming the hunch and often providing immediate ROI. See why Hubifi here.
HubiFi sits between your contract, billing, and payment systems and your general ledger to perform the full order to cash cycle accounting.
Yes. HubiFi is source system agnostic.
Yes. HubiFi is GL agnostic. Most customers start with a manual GL upload file that they can download and post. But HubiFi can also integrate to post entries automatically to your GL.
No. HubiFi connects to all of your upstream contract, billing, and payment systems to perform automated and accurate rev rec and O2C accounting. Pick what systems work best for your business and use HubiFi to automate the rev rec and order to cash accounting.
Our prices are flat fee for the term. Not by seat, transaction, or volume.
Pricing is based complexity and number of integrations in the O2C cycle.
Check our pricing here.
1-6 weeks, with most customers under 4 weeks.
Implementation means: Reconciled to source systems for C&A, reconciled to your GL, and you’re comfortable with the accounting and you are processing your O2C accounting daily with HubiFi.
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