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LeapFin

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Last updated on

Company health

Employee growth
32% decrease in the last year
Web traffic
26% decrease in the last quarter
Financing
February 2023 - $25M

Ratings

G2
3.0/5
(2)
Glassdoor
3.0/5
(21)

LeapFin description

LeapFin is accounting automation software designed for high-growth businesses with complex revenue models. It consolidates and standardizes transaction data, automating revenue recognition and reconciliation. This reduces manual work and accelerates the financial close process, potentially from weeks to days. LeapFin helps ensure compliance with accounting standards like GAAP and SOX. It's particularly beneficial for subscription, e-commerce, and marketplace businesses. LeapFin promises increased efficiency, reduced errors, and improved financial visibility.


Who is using LeapFin?


Who is LeapFin best for

LeapFin is ideal for high-growth businesses, especially those in subscription, e-commerce, and marketplace sectors. We find that companies with complex revenue models and significant transaction volumes benefit most from its automation capabilities. LeapFin streamlines revenue recognition and reconciliation, reducing manual work and accelerating financial closes.

  • Great for enterprises (1001+ employees) needing robust accounting automation for complex revenue models. Scales with your growth.

  • Ideal for e-commerce companies seeking efficient, accurate revenue recognition and reconciliation. Handles high transaction volumes well.


LeapFin features

Supported

Automated Data Consolidation: Leapfin automates the consolidation and standardization of transaction data, streamlining accounting processes.

Supported

Simplified Reconciliation: Leapfin simplifies the reconciliation process, making it easier to match transactions and identify discrepancies.

Supported

Eliminates Manual Effort: Leapfin eliminates manual effort in preparing transactions for revenue recognition, saving time and resources.

Supported

Accurate Revenue Recognition: Leapfin ensures accurate and timely revenue recognition, helping companies comply with accounting standards.

Supported

Compliance Tracking: Leapfin provides compliance tracking and demonstration for GAAP, SOX, and ASC-606, ensuring adherence to regulatory standards.

Supported

Enforces Accurate Records: Leapfin enforces accurate and timely financial records, improving data integrity and decision-making.

Supported

Locking of Closed Periods: Leapfin allows for the locking of closed periods, preventing unauthorized changes to financial data.

Supported

Programmatic Adjustments: Leapfin enables the programmatic booking of adjustments, automating tasks and reducing manual intervention.


LeapFin pricing

See the LeapFin pricing page.

Standard
$500 per month

1M annual accounting transactions limit, 3 native integrations, includes Revenue Data Cloud features, Reconciliation & Validation Reports, Audit Trail, Period Locking, User Administration, 99.0% availability SLA, Standard support SLA.

Premium
$1000 per month

10M annual accounting transactions limit, 10 native integrations, Leap Connect API for an additional fee, includes Revenue Data Cloud features, Revenue Accounting Automation features, User Administration, SSO for an additional fee, Role Based Access Control for an additional fee, Shared Customer Success Manager, Solutions Architect for an additional fee, 99.0% availability SLA, Standard support SLA.

Enterprise
Custom

Custom annual accounting transactions limit, unlimited native integrations, Leap Connect API, Integration Manager, includes Revenue Data Cloud features, Revenue Accounting Automation features, User Administration, SSO, Role Based Access Control, Dedicated Customer Success Manager, Solutions Architect, 99.5% availability SLA, Prioritized support SLA.


LeapFin alternatives

  • Logo of LEAP Point of Sale
    LEAP Point of Sale
    Streamlines retail with sales, inventory, and customer management.
    Read more
  • Logo of Trullion
    Trullion
    AI-powered lease accounting and revenue recognition automation.
    Read more
  • Logo of HubiFi
    HubiFi
    Automates accounting for high-volume businesses, simplifying complex finances.
    Read more
  • Logo of Numeric
    Numeric
    AI-powered accounting automation for faster, smarter month-end close.
    Read more
  • Logo of Bookkeep
    Bookkeep
    Automated e-commerce bookkeeping for accurate, reliable financials.
    Read more
  • Logo of Campfire
    Campfire
    Automates accounting, speeds up reporting, clarifies your finances.
    Read more

LeapFin FAQ

  • What is LeapFin and what does LeapFin do?

    LeapFin automates accounting for high-growth businesses with complex revenue models. It streamlines revenue recognition, reconciliation, and financial close processes, reducing manual work and improving accuracy. We find it particularly useful for subscription, e-commerce, and marketplace businesses.

  • How does LeapFin integrate with other tools?

    LeapFin integrates with various systems through its Leap Connect API. This allows for seamless data flow between your existing tools and LeapFin, enhancing automation and data accuracy. We find that this flexibility is crucial for businesses seeking a tailored integration experience.

  • What the main competitors of LeapFin?

    We find that LeapFin's main competitors include HubiFi, SAP Revenue Recognition, FloQast, Campfire, Trullion, and SolveXia. These alternatives offer similar accounting automation features, targeting businesses with complex revenue models.

  • Is LeapFin legit?

    LeapFin appears to be a legitimate software aimed at automating accounting processes. However, recent declines in website traffic and employee growth raise some concerns. We advise potential users to research thoroughly and consider alternatives.

  • How much does LeapFin cost?

    LeapFin's Standard plan is $500/month and their Premium plan is $1000/month. They also offer an Enterprise plan with custom pricing available upon request. Several add-ons like Leap Connect API and SSO come at an additional cost.

  • Is LeapFin customer service good?

    There are no customer service reviews available for LeapFin at this time. Therefore, we cannot offer insights into their customer service quality.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.