Automate Stripe Accounting and Close Daily
The leading Stripe accounting integration to perform ASC 606 compliant revenue recognition and business reporting in under a month - all without IT. Keep Stripe revenue and finance in-sync every day with HubiFi's native connection and change data capture.
Book a DemoSee your data in HubiFi < 2 days.
THE PROBLEM
Stripe revenue recognition doesn’t allow for separation of subscription and billing - making you jump through hoops to correct revenue recognition.
It takes days/weeks to manually reconcile rev rec to Stripe payouts.
You need Stripe accounting integrations that don’t require manual effort.
Stripe is the best in class at billing, but you need the best rev rec accounting software for Stripe.
OUR SOLUTION
Never pull down a Stripe report to close again. HubiFi’s native Stripe accounting integrations work with a simple API key. And connects that data with other systems in your revenue cycle.
All transactions are tied to the Stripe records for easy traceability and full audit trail.
Reconcile to invoice, payment, payouts, and balance transaction reports daily.
Link transactions across all systems in your order to cash cycle.
Maintain period accounting with HubiFi’s change data capture and period accounting adjustments.
OUR SOLUTION
You could learn all of the 20+ API tables and relationships you need to build your own Stripe accounting integrations… But you have a day job (and we already did it).
Perfectly account for order to cash from Stripe according to ASC 606 automatically, daily.
Easily analyze all of the fees Stripe is charging.
Implement in less than a month.
Drill down into the underlying data and answer questions on the spot.
OUR SOLUTION
Pivot all of your revenue and costs from Stripe any way your business needs.
Finally analyze contribution margins and profitability through Stripe.
Report and record revenue any way your business needs.
Connects wherever your revenue data sits (except file cabinets).
Audit-ready Stripe 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). Custom connections <1 week.
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.
