Stripe Revenue Recognition Alternative

Automate Stripe Revenue
Recognition in <1 month

Healthie, Vitally and AllTrails fully automated their Stripe accounting and revenue recognition reporting with HubiFi. No spreadsheets, no rules, just GAAP-compliant numbers.


Features:

 

Stripe Rev Rec
HubiFi

Multi-channel support (Apple, Google, Salesforce, internal system)

Automated revenue to cash reconciliation

Handles upgrades, refunds, prepayments, FX

Audit-ready ASC606 & GAAP compliant subledger

Revenue rules to maintain

Customer balance reporting

Built for high Volume

Works beyond Stripe

Why choose HubiFi over Stripe revenue recognition?

Out of the Box GAAP Compliant Revenue Accounting

Stripe’s rev rec isn’t GAAP compliant on its own. You need manual workarounds or risk non-compliant outputs with Stripe’s error-prone rules. HubiFi delivers GAAP-compliant reporting aligned with your accounting policies and based on accounting principles.

Multi-channel revenue recognition and order to cash accounting

Have more than one system? Stripe only processes its own data and isn’t GAAP compliant. HubiFi automates GAAP-compliant rev rec and O2C accounting across all of your revenue streams - including common Sales Led Growth (SLG) upstream contract and billing systems systems like Salesforce, HubSpot, Zuora, Maxio, and more.

Support and accounting expertise

Stripe’s rev rec is a small part of its billing suite. HubiFi is purpose-built for high-volume rev rec and O2C accounting, with CPA-led implementations and support. No tickets ever. Talk to an expert live.

We reconciled all of the data and gained confidence in the accounting within 2 months. We got accurate order-to-cash accounting for our Stripe data in just 2 weeks.

Chris Hall, CPA
VP Controller
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

You spend more time adjusting Stripe's inaccurate and opaque reporting than partnering to improve the business.

  • Manually adjusting the the output of Stripe's rev rec to make it ASC 606 and GAAP compliant
  • Lack useful reporting for all of Stripe's nuances - Customer Balances, Connected Account Application Fees, FX, etc.
  • High volume businesses have to wait weeks to have Stripe process their rev rec
  • Headcount scales with growth

Daily order to cash accounting and revenue reporting that is ASC 606 compliant

  • Daily ASC 606 and order to cash accounting
  • Granular and useful revenue reporting for the business that ties to financial reporting
  • Public company and control audit ready financial statements
  • Scale revenue without headcount

Automate Stripe Revenue Recognition

Get Daily, Accurate Order-to-Cash Accounting
Request a Demo

2 weeks

to fully automate Apple App Store, Google Play, and Stripe order-to-cash.

200%

ROI.

$100k

in needed headcount eliminated.

In one week, HubiFi 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.

Wossen Workneh
VP Controller

FAQ

How is HubiFi different from all the other rev rec vendors I am looking at?

+

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.

I’ve solved rev rec already - why would I talk to you?

+

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.

Where does HubiFi sit in the scheme of my tech stack?

+

HubiFi sits between your contract, billing, and payment systems and your general ledger to perform the full order to cash cycle accounting. 

We’re pretty complex, can you integrate with my upstream systems?

+

Yes. HubiFi is source system agnostic.

Do you integrate with my general ledger?

+

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.

Does HubiFi do Billing, Payment, or Contract Management?

+

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.

What does it cost?

+

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.

How long does it take to implement?

+

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. 

Still have questions? Book free consultation or send us an email at support@hubifi.com
Vitally.io automated their revenue recognition in 24 hours with HubiFi, after failing for over a year with Stripe’s own revenue recognition tools and other Stripe accounting integrations.
Book Free Consultation