ScaleXP automates revenue recognition, billing, and subscription management by integrating accounting and CRM data. The platform accurately calculates deferred revenue and generates necessary journal entries for Xero and QuickBooks. This automation provides finance teams with real-time SaaS metrics and streamlined reporting for faster financial closes.
Funding
Funding not disclosed
Founders
Product
Problem
Finance teams often spend excessive time manually consolidating data and managing revenue recognition, billing, and subscription processes using spreadsheets and multiple systems. This can lead to inaccuracies, compliance issues, and delays in month-end closing, hindering strategic decision-making.
Solution
ScaleXP is an automated analytics platform that integrates with accounting and CRM systems such as Xero, QuickBooks, Salesforce, HubSpot, Pipedrive, and Zoho to streamline financial processes. The platform automates revenue recognition, billing, and subscription management by using sophisticated algorithms to process data from invoices and other sources. ScaleXP automates key SaaS metrics from accounting and CRM data, integrates tracking codes and classes, and consolidates data across countries and currencies. This enables finance teams to improve accuracy, ensure compliance with US GAAP and IFRS, and gain real-time visibility into key performance indicators (KPIs).
Target Audience
ScaleXP targets B2B SaaS finance teams, seed and Series A founders, and corporate finance teams that use Xero or QuickBooks and need to automate financial processes, improve accuracy, and gain real-time visibility into SaaS metrics.
Features
- Automated revenue recognition for deferred and accrued revenue using sophisticated algorithms that read invoice data
- Automated billing and subscription management, creating invoices directly from CRM deal properties
- Real-time visibility of B2B SaaS metrics, with complex calculations fully automated
- Integration with Xero Tracking Codes and QuickBooks Classes for reporting by department or business unit
- Financial consolidation with clear FX tracking
- Automated contract renewal management with early reminders
- Customizable metric definitions based on business requirements
- Direct data integration from accounting and CRM systems, including HubSpot, Pipedrive, QuickBooks, Salesforce, Xero, and Zoho
- Generation of GAAP and IFRS compliant revenue and cost schedules
- Automated invoicing