ScaleXP streamlines accounting processes.
• Fully automate deferred revenue recognition. The system contains a series of sophisticated text recognition algorithms which read all words on an invoice and allocate revenue according to the relevant time period. Revenue recognition is completely automated across quarterly, annual or even weekly invoices. Invoice modifications and credit notes are detected by the system and update the original transaction, ensuring that revenue recognition is always correct and fully aligned to Xero.
• Streamline accrued revenue. ScaleXP is the only tool in the Xero app store to provide an elegant solution to automated accrued revenue recognition. The system imports future dated invoices (those to be sent at the end of a contract term). Revenue is automatically allocated over the relevant term using all of the data and text on the invoice.
• Automate prepayments and expense recognition. Cost is recognized in the correct month, using the data and text on the bill. The system allocates cost precisely by day across any time period -weeks, months, years, even decades.
• Consolidate financials across countries, currencies, geographies, even accounting systems. Our instant drill down functionality allows you to click through instantly to any number.
• Track multiple budgets & forecasts across entities and systems. Integrate tracking codes to understand costs by department. Monitor targets for sales team, seamlessly merging your forecast and actual CRM data.
• Integrate with your CRM data (Hubspot or Salesforce) to understand when deals have closed and are ready to be invoiced. Review booked v. billed data. Understand and track the sales pipeline close and conversion rates.
• SAAS or subscription companies benefit from a suite of automated metrics including ARR, MRR, net dollar retention, gross revenue churn, renewals and upsells. Data is beautifully presented in graphs and charts which are ready to share with the business.
The system is designed to provide big company automations and analytical power to SMEs simply and affordably. The system will simplify your month end process, saving you time and making the process easier.
ScaleXP + Xero
ScaleXP is a certified Xero partner app. Users can sync data daily or on demand. Revenue and cost recognition schedules are available in a click, providing a full breakdown by customer and invoice. Schedules can be downloaded to excel, a CSV or shared online.
Invoice or bill changes in Xero are detected by ScaleXP and automatically imported. Modifications are easy to track with built in filters, designed to highlight changes.
Data can be imported across any number of countries or currencies. Financial consolidation is completed in a single click.
Click the ‘Getting started’ button to schedule a demo to answer any remaining questions.