Sign in
Get a Demo
Talk with an accountant.
Get clear on cash reconciliation basics, common challenges, and how the right cash reconciliation solution can keep your business finances accurate and secure.
Running a business is a juggling act, especially when it comes to your cash. You're tracking revenue, managing expenses, and trying to plan for the future. It's easy for cash reconciliation to get pushed aside. But ignoring it creates blind spots in your finances, leading to inaccurate reports and missed growth opportunities. This guide breaks down everything you need for better cash flow accuracy and reconciliation. We'll cover the essential steps, common challenges, and how the right cash reconciliation solution can give you the clarity you need to build a sustainable business.
Cash reconciliation is the process of verifying that your company's cash records match your bank statements. Think of it as double-checking your financial records. This ensures accuracy and helps identify any discrepancies between what you think you have and what the bank says you have. The primary goal is to make sure your internal cash balance aligns with your bank balance, giving you a clear and accurate picture of your company's financial health. Accurate cash reconciliation is crucial for reliable financial statements and informed business decisions. It helps catch errors, prevent fraud, and ensure you're meeting regulatory requirements. For a more detailed explanation, check out this helpful resource on cash reconciliation. At HubiFi, we understand the importance of accurate cash reconciliation. Schedule a demo to see how our automated solutions can simplify this process for your business.
The cash reconciliation process involves several key steps. First, gather all your financial records, including bank statements, internal cash logs, and any other relevant documentation. Next, meticulously compare these records, looking for any differences. A comprehensive reconciliation process often involves comparing data from multiple systems, such as your billing system, revenue recognition software, payment processing platform, and bank records. This four-way match provides a complete and accurate view of your cash flow. Finally, investigate any discrepancies you find. This might involve tracking down missing transactions, correcting errors, or identifying potential fraud. If your business handles a lot of cash, compare your physical cash count with your recorded sales and receipts. By carefully examining each component, you can maintain accurate financial records and make sound financial decisions. Learn more about how HubiFi integrates with various systems to streamline cash reconciliation by visiting our integrations page.
Reconciling your cash is more than just a good accounting practice—it's fundamental to a healthy business. It provides a clear, accurate picture of your finances, protects you from potential losses, and helps you stay on the right side of the law. Let's break down why cash reconciliation is so essential:
Cash reconciliation is the bedrock of accurate financial reporting. By comparing your internal records with your bank statements, you identify discrepancies and ensure your books reflect reality. This process, as explained by HighRadius, allows you to catch errors early, whether they're simple typos or more complex issues. Accurate financial records are crucial for making informed business decisions, securing financing, and understanding your true profitability. Without regular reconciliation, you're essentially operating with incomplete information, which can lead to costly mistakes.
Think of cash reconciliation as a security system for your finances. It's a powerful tool for detecting fraudulent activity, both internal and external. Regular reconciliation helps uncover unauthorized transactions, missing funds, or even simple errors that could become bigger problems. By identifying these issues promptly, you can take corrective action and minimize potential losses. This proactive approach protects your bottom line and strengthens your company's financial integrity. For more information on the importance of cash reconciliation in fraud prevention, check out this resource from NetSuite.
Staying compliant with financial regulations is non-negotiable for any business. Regular cash reconciliation plays a vital role in meeting these requirements. Accurate financial statements, a direct result of diligent reconciliation, are essential for audits and regulatory reviews, as highlighted by Modern Treasury. By ensuring your cash records are accurate and up-to-date, you can avoid penalties, maintain your reputation, and build trust with stakeholders. This proactive approach to compliance demonstrates your commitment to sound financial practices and responsible business operations.
Reconciling your cash is a straightforward process. Follow these steps to ensure accuracy and efficiency:
First, determine the specific timeframe for your reconciliation. This might be a daily, weekly, monthly, or quarterly period, depending on your business needs and transaction volume. A shorter timeframe—like daily or weekly—allows you to catch discrepancies quickly, while a monthly reconciliation provides a broader overview. Choose the frequency that best aligns with your financial reporting requirements. For high-volume businesses, more frequent reconciliation is often beneficial.
Next, collect all relevant financial records for the chosen period. This includes bank statements, sales receipts, payment processor reports, and expense documentation. Organized records are crucial for a smooth reconciliation process. Consider using cloud storage or accounting software to keep your financial data readily accessible. This will save you time and reduce the risk of errors.
Now, compare your internal records with your bank statements. Look for matching transactions and ensure the amounts align. This step confirms that your internal records accurately reflect your bank's record of your cash activity. You can do this manually or use software that automates the comparison, highlighting any differences. Learn more about how HubiFi integrates with accounting software to simplify this process. This integration can significantly reduce manual effort and improve accuracy.
If you find any discrepancies, investigate them thoroughly. Common discrepancies include bank charges, interest earned, outstanding checks, or data entry errors. Meticulous investigation is key to identifying the source of the discrepancy and ensuring accurate financial records. For complex discrepancies, consider seeking guidance from a financial professional. They can provide expert advice and help resolve complex issues.
Finally, make any necessary adjustments to your internal records to correct identified discrepancies. This might involve recording missing transactions, correcting errors, or accounting for bank fees. Once complete, your internal records should match your bank statement, reflecting your accurate cash balance. This ensures your financial statements are reliable and ready for analysis and decision-making. Accurate cash reconciliation is the foundation for sound financial planning.
Even with the best of intentions, cash reconciliation isn't always straightforward. Several common challenges can make the process tricky, impacting accuracy and efficiency. Let's break down some of the most frequent hurdles businesses face.
Even with the best of intentions, cash reconciliation isn't always straightforward. Several common challenges can make the process tricky, impacting accuracy and efficiency. Let's break down some of the most frequent hurdles businesses face.
Manual data entry is a breeding ground for mistakes. A simple typo or misplaced decimal can throw off your entire reconciliation. Think fat-fingering a number or accidentally transposing digits. These seemingly small errors can lead to significant discrepancies between your internal records and bank statements. As Modern Treasury points out in their explanation of cash reconciliation, robust internal controls are essential to mitigate these risks. Regular reviews and double-checking entries can help, but they don't eliminate the possibility of human error entirely.
Another common culprit is timing differences. These discrepancies arise when transactions are recorded in your system at a different time than they appear on your bank statement. A classic example is in-transit payments, discussed in Leapfin's guide to cash reconciliation. Checks mailed to vendors or deposits in transit can create a temporary mismatch between your records. While these differences usually resolve themselves, they can complicate the reconciliation process in the short term.
If your business has a complex financial structure, particularly if you operate internationally, reconciliation can become even more challenging. Dealing with multiple currencies, varying transaction times across different time zones, and juggling data from numerous financial systems adds layers of complexity. Modern Treasury highlights these challenges emphasizing the difficulty of ensuring accuracy when so many variables are at play.
Finally, many organizations struggle with limited resources. Whether it's a shortage of staff, a lack of dedicated time, or insufficient tools, these limitations can make reconciliation a burdensome task. Redspan discusses the impact of limited resources, noting that it can lead to delays, inaccuracies, and increased frustration for your team. Without adequate support and efficient processes, reconciliation can quickly become overwhelming.
Think of cash reconciliation like checking your email—the more often you do it, the less overwhelming it becomes. For businesses with a high volume of transactions, reconciling weekly or even daily can be beneficial. This regular cadence helps you catch discrepancies quickly, before they snowball into bigger problems. Aiming for at least a monthly reconciliation is a good starting point for most businesses. This ensures you're staying on top of your finances and catching any potential issues in a timely manner, as advised in this cash reconciliation guide.
Having solid internal controls is like having a security system for your finances. Think separation of duties (different people handling different parts of the cash process), regular audits of your records, and restricted access to sensitive financial information. These safeguards minimize the opportunities for errors and protect your business from potential fraud, a point also emphasized in this article on cash reconciliation.
Your team is your first line of defense against financial inaccuracies. Make sure everyone involved in cash handling and reconciliation understands the procedures and their importance. Proper training ensures everyone’s on the same page and following best practices. Equipping your staff with the right cash reconciliation knowledge can significantly improve accuracy.
Clear documentation is key for any process, and cash reconciliation is no exception. Having a step-by-step guide ensures consistency, even when different people are handling the task. This documentation also simplifies onboarding new team members and provides a handy reference for everyone. Creating a documented cash reconciliation process creates a reliable system and helps maintain accountability.
Let's be honest, manually reconciling cash is tedious. It's time-consuming and prone to errors. Thankfully, automating this crucial process is now easier than ever. This section explores the benefits of automation, common tools, key software features, and how it all integrates with your existing systems.
Automating your cash reconciliation process offers significant advantages. Think increased accuracy and efficiency, freeing up your team to focus on higher-value tasks. By removing manual data entry, you drastically reduce the risk of human error, leading to more reliable financial reporting. Plus, automation speeds up the entire process, allowing you to close your books faster and gain real-time insights into your cash flow. This improved speed and accuracy can be especially beneficial for businesses with high transaction volumes, as highlighted by experts at Redspan. They emphasize that using AI-powered tools for bank reconciliation streamlines financial processes and improves accuracy. This efficiency translates to significant time savings, allowing your finance team to focus on strategic initiatives rather than tedious manual tasks. For a deeper dive into how automation can transform your financial operations, check out HubiFi's insights on streamlining financial processes.
The month-end close can be a stressful scramble of manual checks and balances. Automation changes that narrative completely. Instead of waiting until the end of the month to tackle a mountain of transactions, an automated system reconciles them in real time. This continuous process means that when the accounting period ends, most of the work is already done. Your team can finalize the books in a fraction of the time it used to take. This speed allows you to get a clear picture of your financial performance much sooner, enabling faster, more agile business decisions. With a solution like HubiFi, you can close your financials quickly and accurately, turning a dreaded monthly task into a smooth, efficient process.
The thought of an audit can send a shiver down any finance professional's spine, but it doesn't have to. Automated cash reconciliation helps your business maintain a state of continuous audit-readiness. Every transaction is automatically matched and logged, creating a clear, traceable, and unchangeable record. This digital paper trail provides auditors with the transparent documentation they need, significantly simplifying the audit process. Instead of digging through spreadsheets and paper files, you can quickly pull detailed reports to answer any inquiry. This not only ensures compliance but also builds a foundation of financial integrity that gives stakeholders, from investors to regulators, complete confidence in your numbers.
Your finance team possesses valuable analytical skills that are often wasted on tedious, manual tasks like matching transactions. Automation takes over the repetitive "doing" of reconciliation, freeing up your team to focus on "reviewing." By eliminating the need for manual data entry and comparison, finance professionals can dedicate their time to more strategic work. They can analyze financial trends, provide insightful forecasts, and offer data-driven advice to guide business strategy. This transition transforms the finance department from a back-office function into a strategic partner that actively contributes to the company's growth. For more ideas on leveraging financial data, explore the insights on our blog.
Accurate, real-time cash data has benefits that extend far beyond the finance department. When your financial records are consistently up-to-date, it improves collaboration across your entire organization. For instance, if a customer has a payment query, your support team can get a quick, accurate answer from finance, leading to faster resolutions and happier customers. This clarity also streamlines the payment collection process. Your accounts receivable team can more effectively track incoming payments and identify overdue invoices, improving cash flow. Automating cash reconciliation reduces internal friction and helps everyone work from a single source of truth, which you can explore further by scheduling a demo with our team.
Several tools can help automate your cash reconciliation process. Software like SolveXia offers robust features for automating key finance functions. These tools often integrate with your existing accounting software, ERP, and CRM systems, creating a seamless flow of information. They can automatically import transactions, match them against bank statements, and flag discrepancies for review. This level of automation not only saves time but also ensures data consistency across all your platforms. Choosing the right tool depends on your specific needs and the complexity of your financial operations. Consider factors like transaction volume, the number of bank accounts, and integration capabilities when making your decision. If you're looking for tailored solutions, consider scheduling a data consultation with HubiFi.
Effective cash reconciliation software should offer a range of features to streamline the entire process. Look for solutions that offer automated transaction matching, exception handling, and reporting capabilities. The ability to customize matching rules based on your specific business needs is also crucial. Robust reporting features provide valuable insights into your cash flow, helping you identify trends and potential issues. As SolveXia points out in their discussion of financial reconciliation software, these tools streamline the entire reconciliation process, connecting data systems, performing transaction matching, and automating reports. This comprehensive approach ensures a smooth and efficient reconciliation process. For businesses seeking more advanced features like automated revenue recognition, explore HubiFi's pricing plans.
Business transactions aren't always a simple one-to-one match. You might receive a single payment that covers multiple invoices or, conversely, multiple smaller payments that apply to one large invoice. Manually untangling these complex scenarios is a headache and a major time sink. A robust automation solution should handle these advanced matching situations with ease. Look for software that can apply flexible rules to correctly associate payments with their corresponding records, regardless of the complexity. This capability is a game-changer for high-volume businesses, as it ensures accuracy without requiring hours of manual detective work from your finance team. This is where having fully integrated data systems becomes incredibly valuable.
Once you've reconciled your accounts and resolved any discrepancies, the next step is to record those changes in your general ledger. This typically involves creating manual journal entries, which is another opportunity for errors to creep in. The best reconciliation software doesn't just stop at matching; it helps you complete the accounting cycle. Look for a tool that can automatically generate and post the necessary journal entries to your accounting system. This feature ensures that your financial records are updated accurately and in real-time, which is crucial for a faster and more reliable financial close. It bridges the gap between reconciliation and reporting, creating a more cohesive workflow.
When multiple people are involved in the reconciliation process, it's easy for tasks to get lost in the shuffle. A centralized dashboard provides a single source of truth for your entire team. This allows managers to see the status of all reconciliation tasks at a glance, know who is responsible for what, and track progress against deadlines. This level of transparency improves accountability and collaboration, ensuring that nothing falls through the cracks. It also helps identify bottlenecks in the process, allowing you to make adjustments and keep everything running smoothly. A clear overview empowers your team to work more effectively and efficiently, which is a core principle for the experts at HubiFi.
Let's face it: data is rarely perfect. You'll often encounter issues like typos, inconsistent formatting, or missing details that can derail the matching process. A truly powerful reconciliation tool is built to handle this reality. It should have the intelligence to clean, standardize, and enrich your data before attempting to match it. This capability significantly reduces the number of exceptions that require manual review and prevents incorrect matches based on faulty information. The ability to work with imperfect data is what separates a basic tool from a sophisticated solution that can truly streamline your operations. To see how a system can manage complex data, you can always schedule a demo to witness it firsthand.
Seamless integration with your existing systems is essential for successful cash reconciliation automation. Your chosen software should connect with your accounting software, ERP, and CRM systems to ensure a smooth flow of data. This integration eliminates the need for manual data entry and reduces the risk of errors. It also provides a centralized view of your financial data, making it easier to track cash flow and identify discrepancies. SolveXia, for example, connects existing systems to automate key finance functions, including account reconciliation. This level of integration simplifies the reconciliation process and provides a holistic view of your financial data. For businesses using platforms like Shopify, integrating with a service like HubiFi can further streamline revenue recognition and financial reporting. Learn more about HubiFi and its comprehensive solutions for automated financial processes.
Cash reconciliation isn't just a tedious accounting task; it's the foundation of sound financial planning. By ensuring your records accurately reflect your actual cash position, you gain valuable insights that drive smarter decisions and contribute to long-term financial health.
Effective cash flow management is crucial for any business, and reconciliation plays a vital role. Think of it as taking regular inventory of your cash. Reconciling your accounts reveals the ebb and flow of money, highlighting trends and potential issues. This clear picture of your cash flow is essential for making informed decisions about expenses, investments, and growth opportunities. Without accurate reconciliation, you're essentially operating in the dark, increasing the risk of overspending or missing profitable ventures. A consistent reconciliation process, whether monthly or weekly, allows you to anticipate potential shortfalls, optimize working capital, and maintain a healthy financial cushion. For further insights into cash flow management best practices, check out resources like NetSuite's articles on cash reconciliation.
Reconciliation directly impacts the accuracy of your financial forecasts. By identifying and resolving discrepancies, such as missing transactions or errors, you create a reliable base for future projections. Accurate cash flow data informs your forecasting models, allowing you to predict future cash balances with greater confidence. This improved accuracy is invaluable for securing financing, making strategic investments, and setting realistic budgets. For more information on the importance of accurate cash data, explore articles like this one from NetSuite.
Ultimately, the insights from cash reconciliation empower you to make informed financial decisions. With a firm grasp of your cash flow and accurate forecasts, you can confidently allocate resources, pursue growth initiatives, and navigate economic uncertainty. Whether you're considering expanding your product line, hiring new staff, or investing in new equipment, accurate financial data is essential for sound judgment. Cash reconciliation provides the clarity and confidence you need to make strategic decisions that move your business forward. To streamline your reconciliation process and unlock valuable financial insights, consider exploring modern solutions like those offered by HubiFi. Schedule a demo or explore our integration options to learn more.
Let’s face it: manual cash reconciliation is time-consuming and prone to errors. Thankfully, modern solutions can transform this crucial process. By leveraging automation and advanced technology, businesses can achieve greater efficiency, accuracy, and financial control.
Honestly, just about everyone in a business reaps the rewards of automated reconciliation, but finance teams and business leaders are at the top of the list. For accountants and financial professionals, automation is a game-changer. It drastically cuts down on tedious manual data entry, which means fewer errors and more time to focus on strategic analysis rather than just crunching numbers. This shift from doing to reviewing is a huge win for efficiency. Business owners and executives benefit from having access to real-time, accurate financial data. This clarity allows for faster financial closes and a holistic view of cash flow, empowering them to make smarter, more confident decisions about the company's future. High-volume businesses, in particular, see massive improvements by streamlining what would otherwise be an overwhelming manual process.
Financial reconciliation software streamlines the entire reconciliation process. These tools connect your data systems, perform transaction matching, and automate reports, reshaping your month-end close process. Think of it as having a tireless assistant handling the tedious parts of reconciliation, freeing up your team for more strategic work. Software like HubiFi offers automated revenue recognition solutions specifically designed for high-volume businesses, ensuring compliance with ASC 606 and 944. For companies processing a high volume of transactions, automation is key to maintaining accuracy and efficiency.
Imagine having up-to-the-minute insights into your cash flow. Real-time analytics make this possible. With real-time data validation, financial reconciliation software dramatically improves the accuracy of your financial reporting. This allows you to catch discrepancies quickly and make informed decisions based on the most current information. No more waiting until the end of the month (or later!) to understand your financial position. You can learn more about how real-time analytics can benefit your business on the HubiFi blog. They offer valuable insights into leveraging data for better financial management.
Artificial intelligence and machine learning are revolutionizing many aspects of business, and cash reconciliation is no exception. AI-powered tools can automate bank reconciliation, identifying and resolving discrepancies with incredible speed and accuracy. This not only saves time but also reduces the risk of human error. Companies like Redspan offer AI-driven solutions for automating this critical process. Their expertise in AI can help your business achieve new levels of efficiency in reconciliation.
Think of an AI assistant as a smart sidekick for your finance team. These tools, often integrated into financial software, go beyond simple automation by using artificial intelligence to streamline complex tasks. For example, an AI assistant can analyze large datasets to suggest potential matches for unreconciled transactions, saving your team hours of manual investigation. Companies like Trintech are already using AI copilots to help their customers make the financial close process smoother and faster. By handling the repetitive, time-consuming aspects of reconciliation, these assistants allow your financial professionals to focus on analysis and strategic planning rather than getting bogged down in the details.
Machine learning takes automation a step further by creating systems that learn and improve over time. In cash reconciliation, machine learning algorithms can analyze historical data to recognize patterns, predict likely matches, and even handle messy or incomplete information from different sources. This is a game-changer for businesses with high transaction volumes. As noted by FIS Data Integrity Manager, these intelligent systems can centralize data and reconciliation processes, reducing errors and improving efficiency. The more data the system processes, the smarter it gets, leading to increasingly accurate and fast reconciliation cycles with minimal human intervention.
Cloud-based reconciliation platforms offer flexibility and accessibility. These platforms allow you to access your financial data and manage the reconciliation process from anywhere with an internet connection. Cloud solutions also offer seamless integration with other business tools, such as your CRM and ERP systems. HubiFi's integrations with popular accounting software, ERPs, and CRMs are a prime example of this streamlined approach. Plus, cloud platforms often handle software updates and data backups automatically, reducing the burden on your IT team. For more information on pricing and how a cloud-based solution can benefit your business, check out HubiFi's pricing page. You can also schedule a demo to see how HubiFi works in action. They're happy to answer any questions you might have.
Implementing a new system, even one designed to simplify processes like cash reconciliation, can present challenges. But by understanding potential roadblocks and how to address them, you can maximize the benefits of your new tools and processes. This section covers how to avoid common mistakes, implement successful automation strategies, and measure the impact of your efforts.
One common mistake is inadequate training on new software or processes. Team members need to understand not just how to use the new system, but why it's important. Highlighting the benefits of automation, such as reduced manual effort and increased accuracy, can encourage adoption. Clear communication and readily available support resources are also crucial for a smooth transition. Think of it like learning a new language—immersion and ongoing support are key to fluency. Similarly, providing your team with the resources they need to become proficient with the new reconciliation system will set everyone up for success. For more insights into selecting and implementing AI tools for financial processes, check out resources like Redspan.
Automating your cash reconciliation process can free up valuable time and resources. However, successful automation requires more than just purchasing software. It involves a strategic approach that aligns with your business needs. Consider your existing systems and workflows. Choose tools that integrate seamlessly with your accounting software, ERPs, and CRMs, such as those offered by HubiFi. This streamlined approach can significantly improve efficiency and accuracy. Services like Reconcilia.AI focus on providing AI-powered tools to simplify and enhance the accuracy of financial reconciliation, which can be a valuable asset in your automation journey. For more information on HubiFi's integrations, visit our integrations page. Remember, the goal is to create a cohesive system where data flows smoothly and efficiently.
When you’re ready to adopt a new tool, the last thing you want is a lengthy, complicated implementation process that requires a ton of IT resources. The best modern reconciliation solutions are designed for a quick and straightforward setup, often getting you up and running in just a few hours. You shouldn't need a dedicated development team to start seeing the benefits. Look for a solution that prioritizes a user-friendly onboarding experience, allowing your finance team to take the lead. This means you can start automating tasks and gaining valuable insights almost immediately, without getting bogged down in technical hurdles. To see how a streamlined setup works, you can schedule a demo with our team at HubiFi to walk through the process.
Choosing a reconciliation solution is about more than just the software; it's about finding a reliable partner for your business. The initial setup is just the beginning. As your business evolves, you'll need a support team that's committed to your long-term success. Look for a provider that offers strong, ongoing customer support to help you troubleshoot issues, adapt the software to your changing needs, and get the most out of your investment. A dedicated partner ensures you're never left trying to figure things out on your own. This kind of relationship builds confidence and ensures the solution continues to deliver value for years to come. At HubiFi, we pride ourselves on building lasting partnerships with our clients.
Once you've implemented changes, how do you know they're working? Measuring the impact of your new reconciliation process is essential. Track key metrics like time spent on reconciliation, the number of discrepancies found, and the overall accuracy of your financial records. This data will not only demonstrate the value of your efforts but also identify areas for further improvement. Platforms like FloQast emphasize the benefits of AI transaction matching for modern accountants. By monitoring these metrics, you can fine-tune your processes and ensure you're getting the most out of your investment. SolveXia offers another perspective on how automating key finance functions, including reconciliation, can enhance team productivity and streamline reporting. Use these insights to guide your strategy and demonstrate the tangible benefits of your improved reconciliation process. To see how HubiFi can help you achieve these goals, schedule a demo. You can also explore our pricing information and gain further insights on our blog.
How often should I reconcile my cash?
The frequency of cash reconciliation depends on your business needs and volume of transactions. High-volume businesses often benefit from daily or weekly reconciliation. However, aiming for at least a monthly reconciliation is a good starting point for most. More frequent reconciliation allows you to catch discrepancies quickly and maintain a tighter grip on your finances.
What are some common mistakes to avoid during cash reconciliation?
Rushing through the process and neglecting to investigate discrepancies thoroughly are common pitfalls. Also, inadequate training on new software or processes can hinder effective reconciliation. Clearly documented procedures and proper staff training are essential for accurate and efficient reconciliation.
What's the biggest advantage of automating cash reconciliation?
Automation significantly reduces the risk of human error, which is a major source of discrepancies. It also frees up valuable time for your team to focus on more strategic tasks, like financial planning and analysis, rather than tedious manual data entry.
What should I look for in cash reconciliation software?
Look for software that integrates seamlessly with your existing systems, such as your accounting software, ERP, and CRM. Key features include automated transaction matching, exception handling, and robust reporting capabilities. The ability to customize matching rules based on your specific business needs is also important.
How can I measure the effectiveness of my cash reconciliation process?
Track key metrics like the time spent on reconciliation, the number of discrepancies found, and the overall accuracy of your financial records. Monitoring these metrics helps demonstrate the value of your efforts and pinpoint areas for improvement. This data-driven approach allows you to continuously refine your process and maximize its effectiveness.
Former Root, EVP of Finance/Data at multiple FinTech startups
Jason Kyle Berwanger: An accomplished two-time entrepreneur, polyglot in finance, data & tech with 15 years of expertise. Builder, practitioner, leader—pioneering multiple ERP implementations and data solutions. Catalyst behind a 6% gross margin improvement with a sub-90-day IPO at Root insurance, powered by his vision & platform. Having held virtually every role from accountant to finance systems to finance exec, he brings a rare and noteworthy perspective in rethinking the finance tooling landscape.
Meet with an expert in revenue recognition and order-to-cash accounting and automate revenue close.
*Or watch 2 minute demo here.
Power your high-volume business's revenue compliance and reporting needs with one platform.
