Leapfin
Who is
Leapfin
Leapfin is a cutting-edge financial operations software that is revolutionizing the way businesses manage and analyze their financial data. With a focus on automation, Leapfin provides a comprehensive solution that streamlines complex financial processes, enabling accounting professionals to focus on strategic decision-making rather than manual data entry. The platform's robust capabilities, including automated data reconciliation, real-time financial reporting, and seamless integration with a variety of accounting systems, make it an invaluable tool for businesses seeking to enhance their financial operations.
Founded by a team of seasoned finance and technology experts, Leapfin is committed to simplifying financial operations and empowering accounting professionals with the tools they need to drive business growth. The company's innovative approach to financial data management has earned it a reputation as a trusted partner for businesses across a range of industries. Leapfin's commitment to customer success is evident in its comprehensive support services, which include dedicated customer success managers, in-depth training resources, and 24/7 customer support.
In an increasingly digital business landscape, Leapfin stands out as a forward-thinking solution that is helping businesses transform their financial operations. By automating time-consuming processes and providing real-time insights into financial data, Leapfin is enabling businesses to make more informed decisions, improve operational efficiency, and drive growth. Whether you're a small business looking for a more efficient way to manage your finances or a large corporation seeking to streamline your financial operations, Leapfin offers a versatile solution that can be tailored to meet your unique needs.
Product Overview
Real-time Financial Data:
Leapfin's platform is designed to consolidate data from multiple sources, providing finance teams with real-time visibility into their financial performance. This means that key metrics and reports are updated continuously, eliminating the need to wait for month-end. With this real-time data at their fingertips, finance teams can make data-driven decisions and take immediate action, enhancing their ability to respond to changing business conditions and seize new opportunities.
Revenue Recognition:
Leapfin's automated revenue recognition feature is a game-changer for businesses seeking to ensure compliance with ASC 606, IFRS 15, and other regulatory standards. The platform's rules-based workflows accurately calculate revenue and deferred balances, reducing the risk of errors and ensuring compliance. Additionally, Leapfin provides detailed audit trails that support financial reporting, making it easier for businesses to demonstrate their adherence to regulatory standards.
Order-to-Cash Automation:
Leapfin's software streamlines the order-to-cash process through automation, connecting data across sales orders, billing, invoicing, payments, and revenue recognition. This integrated approach not only reduces manual work but also improves accuracy by flagging exceptions for review. By automating this critical process, Leapfin helps businesses increase efficiency, reduce errors, and improve cash flow.
ERP Integration:
Leapfin offers robust integration capabilities with major ERPs like NetSuite, SAP, and Oracle, as well as over 100 other sources. This real-time sync avoids disrupting existing systems and normalizes data into a unified format, eliminating the problem of fractured data across silos. With Leapfin's integration capabilities, businesses can ensure that their financial data is consistent, accurate, and easily accessible across all their systems
Data Accuracy:
Leapfin's powerful reconciliation feature identifies any discrepancies across systems, ensuring that transactions flow through validation checks to spot issues. The platform's master data is deduplicated and matched, resulting in 100% clean, trustworthy data. This high level of data accuracy gives finance teams confidence in their reporting and analytics, enabling them to make informed decisions and provide accurate financial reports.
Perfect For
Differentiators
Clean Interface:
Leapfin's software is designed with the end user in mind. The interface is clean, visual, and easy to navigate, reducing the learning curve for users. Drag-and-drop workflows and built-in best practices enable users to be productive from day one.
Automated Order-to-Cash Cycle:
Leapfin automates up to 90% of repetitive finance processes like reconciliations and reporting. Rules-based workflows standardize processes across the organization and ensure accuracy. Tailored alerts notify users when their attention is needed.
Seamless Integration:
Leapfin connects with 100+ data sources out-of-the-box including NetSuite, QuickBooks, and Slack. Robust APIs and webhooks allow for custom integrations, eliminating data silos. All data is normalized into a single format.
High Data Accuracy:
Leapfin places a premium on providing customers with 100% clean, validated data. Their automated reconciliation engine highlights exceptions and discrepancies, ensuring any issues are resolved. All data flows through validation and matching algorithms resulting in a single source of truth. Real-time reporting draws from up-to-date financials versus periodic snapshots. Leapfin gives finance teams the confidence that the data driving insights and decisions is precise and reliable. By maintaining high data integrity, Leapfin enables customers to spend less time wrangling data and more time analyzing business performance.
Video: Leapfin Review
FAQs
Why Audit Friendly likes it
Implementation:
Getting started with Leapfin is fast and efficient thanks to its cloud delivery model. Implementation typically takes 4-8 weeks depending on integration and process complexity. Dedicated consultants assist with mapping business processes, data integration, and rolling out the software. Leapfin's library of pre-built integrations accelerates setup. The intuitive interface and built-in best practices enable users to quickly become productive. Ongoing training and support ensure continued success. Businesses can rely on Leapfin for a smooth implementation and launch.
Customer Support:
Leapfin stands out with its exemplary customer support and services. Each customer is assigned a dedicated customer success manager who oversees onboarding and ongoing usage. Support is available 24/7 by phone, email, and chat. The team troubleshoots issues swiftly and provides ongoing training and consulting. They have deep finance expertise allowing them to give relevant guidance. The leapfin reviews are in and customers rave about Leapfin's white-glove support which helps them maximize value from the software.
User Experience:
With its intuitive interface and thoughtful design, Leapfin delivers an unmatched user experience that finance teams love. The software is easy to navigate with financial workflows organized into clear steps. Automation handles repetitive tasks behind the scenes while alerts guide users through exceptions. Customizable dashboards provide visibility into KPIs. The experience is tailored to each user's role and permissions. Leapfin combines power and simplicity.
Scalability:
Leapfin scales to meet the needs of both high-growth startups and large global enterprises. The cloud-based software has handled customers with 1000+ subsidiaries, 500+ users, and processing billions in transaction volume. Custom roles and permissions allow appropriate access control. Multi-entity and multi-currency support meet global business needs. Leapfin's architecture can handle massive data volumes. Customers can start small and expand usage as needs grow for a future-proof solution.
Real-time Data
Integration
Automation
Accuracy
Price
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