HubiFi automates revenue recognition and financial reporting by integrating directly with various data sources, enabling real-time visibility and continuous reconciliation of financial transactions. This platform addresses the inefficiencies of manual data processing and lengthy accounting close timelines, reducing close times by up to 75% while maintaining compliance and audit integrity.
Funding
$2.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
High-volume businesses often struggle with manual revenue recognition processes, leading to inefficiencies, errors, and delays in financial reporting. Discrepancies between FP&A and accounting, coupled with the complexities of revenue compliance, can result in audit failures and increased operational costs.
Solution
HubiFi is a platform designed to automate revenue recognition and financial reporting, providing real-time visibility and continuous reconciliation of financial transactions. By integrating with various data sources, including accounting software, ERPs, and CRMs, HubiFi unifies financial data and automates accounting processes. The platform enables businesses to close accounting periods faster, maintain GAAP compliance, and gain actionable financial intelligence. HubiFi's Change Data Capture technology converts constantly changing data sources into accountable data for accurate period accounting.
Target Audience
HubiFi targets high-volume businesses, including those in the SaaS, e-commerce, and subscription-based industries, seeking to automate revenue recognition, improve financial reporting accuracy, and ensure compliance.
Features
- Automated ASC 606 and order-to-cash accounting
- Real-time financial reporting with drill-down capabilities
- Integration with popular accounting software, ERPs, and CRMs
- Proprietary Change Data Capture for handling dynamic data sources
- Integrated order/subscription to cash reconciliations
- Detailed transaction status tracking for new, modified, and adjusted transactions
- Dynamic segmentation for analyzing contribution margins and identifying business opportunities
- Pivot table UI for intuitive data analysis
- SOC 1 and SOC 2 Type II compliance