Month-End Close Automation
Most month end close software is just checklists that transfers work to your team. Close revenue 75% quicker by automating revenue-to-cash reconciliation and controls across Stripe, Recurly, Apple, Google Play, and internal systems with HubiFi's financial accounting close software.
Book a DemoSee your data in HubiFi < 2 days.
THE PROBLEM
Manually compiling data from disconnected systems delays close, causes errors, and wastes time (“Excel not responding”).
Your current revenue recognition system is not an ASC 606 automation software leading to compliance issues.
Revenue reporting doesn’t align between FP&A and accounting —FP&A needs daily segmentation, accounting closes monthly.
Scaling the finance team to manage transactions drives up costs without solving inefficiencies.
OUR SOLUTION
No IT support? Zero problems. HubiFi’s revenue recognition system automates accounting and continuous reconciliations, integrating with the tools you use, and allows you to close an accounting period in hours instead of weeks
Full audit trail and lineage from Report summary to operational record and all modifications along the way.
Integrate with the most popular accounting software, ERPs and CRMs.
Purpose built ASC 606 automation software with Integrated Order/Subscription to Cash Reconciliations.
Detailed transaction status’ for New, Modifications, Prior Period Adjustments or Deletes.
OUR SOLUTION
Never again hear that the data “needs to settle.” Real-time visibility over the company’s financial performance empowers finance leaders to seize growth and revenue opportunities, instead of playing catch up. And you stay GAAP-compliant along the way.
Generate real-time financial reports
Intra month monitoring and alerting
Integrate with various financial and operational systems and data sources
Drill down into the underlying data and answer questions on the spot
OUR SOLUTION
Whether you need a 50,000 foot view or a customer-level granular perspective, HubiFi helps you configure dynamic segmentation without compromising financial integrity.
Analyze contribution margins
Get a quick grasp of a built-in visualization tool that’s based in financial statements, has immediate access to all your data, and integrates with other BI tools
Find under-leveraged market segments, and understand high-margin business opportunities
WATCH THE VIDEO
Your current revenue recognition system is not an ASC 606 automation software leading to compliance issues.Your current revenue recognition system is not an ASC 606 automation software leading to compliance issues.
Book a DemoConnects wherever your revenue data sits (except file cabinets).
Audit-ready revenue numbers that you can drill into daily by location, product, and currency.
Get subscriber level revenue recognition and order-to-cash accounting for Apple and Google.
Get subscriber level revenue recognition and order-to-cash accounting for Apple and Google.
Push accurate journal entries from your payment processors, billing systems, and contract systems into NetSuite.
Report MRR, ARR, deferred revenue, and by product, region, channel daily
HubiFi can connect to wherever your data sits (except filing cabinets).
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.P
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.
