Prepaid Expenses
Recognize expenses over time
Gain accuracy and control with integrated expense amortizing.
Streamline and automate your entire prepaid expense process
From initial payment to expense recognition, routine financial processes are automated based on your dynamic data.
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Gain precise insights into your financial planning an budgeting
Monitor the status of all prepaid assets and their conversion to expenses, ensuring accurate and up-to-date financial statements.
Reduce manual effort and errors with a simplified prepaid expense process
Accurately represent future economic benefits like rent, insurance, subscriptions and supplies.
Integrate your favorite apps
Use Prismatic's APIs to unify your finance operations.
ADP
HR & Payroll
ADP offers online payroll and HR solutions, plus tax, compliance, benefit administration and more.
Bill
Spend Management
Bill.com is a software tool that automates accounts payable and accounts receivable processes.
QuickBooks
Accounting
QuickBooks is an accounting software that offers easy to use cloud-based accounting solutions for businesses of all sizes.
Ramp
Spend Management
Ramp helps businesses control spend, save time, automate busywork & save an average of 5%.
Ready to transform your business process?
Get in control of your financials.
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Multi-entity finance teams are making the switch to Prismatic
Find out why top finance teams leverage Prismatic to scale their operations:
Prior to Prismatic, we would have to wait for weeks to receive standard financial reports from our accounting team. Now our accountants build consolidated financial reports broken out by entity and other dimensions in minutes. It has cut our reporting efforts by more than 90% and improved our financial visibility and controls greatly.
Between my time in public accounting and corporate finance, having assisted dozens of clients, I have never seen such a modern take on financial management software before. From an ease of use, automation, and enhanced financial clarity perspective, Prismatic hits the nail on the head.
Profit and Loss reporting was taking days to build manually in Excel. Prismatic was easy to set up and makes it easy for us to analyze our business by location, class, department, source and other dimensions in real time. It helped me recognize where our margins were to invest more and grow the business.
We are always looking for smart ways to streamline the month end close and implement controls. Prismatic’s solution brings everything together in one place and organizes data from multiple sources.
Month-end can be a real pain when trying to consolidate financials from hundreds of subsidiaries. Prismatic’s solution is brilliantly architected to do just that. Automating inter-company activity is easy and painless. Their platform is a game changer in the outdated accounting/ERP arena.
FAQ
Some frequently asked questions about our service.
Can I import my data from another platform?
Yes, Prismatic supports data importation from other platforms. We provide tools and support to facilitate the migration of your financial data from existing systems into Prismatic, ensuring a smooth transition and minimal disruption to your operations.
Does Prismatic integrate with Quickbooks?
Yes. Prismatic integrates seamlessly with QuickBooks, in addition to many other financial tools. This integration allows for the smooth transfer of financial data from QuickBooks into Prismatic, facilitating an upgrade path for businesses that need more robust features like multi-entity management and financial consolidation without losing their historical data.
Learn more about Prismatic’s integration partners.
Does Prismatic offer revenue automation?
Yes. Prismatic offers revenue automation by providing tools to manage revenue recognition, billing cycles, and contract management efficiently. Our system ensures that revenue is recognized in compliance with accounting standards such as ASC 606/IFRS 15, enhancing accuracy and predictability of financial outcomes.
Does Prismatic replace Quickbooks Online?
Yes. Prismatic is a standalone general ledger accounting platform designed to run business financials.
For those looking to stay with QuickBooks, Prismatic integrates securely with QBO via secure API integration.
How does Prismatic ensure compliance with financial regulations?
Our platform is built to ensure compliance with various financial regulations, including GAAP, IFRS, and others relevant to your industry. Prismatic automatically updates to align with new regulations, providing features that help manage compliance effectively, such as audit trails and customizable reporting.
How long does it take to implement Prismatic?
Our average customer goes live within 2-8 weeks. The timeline depends on the state of your data, technology needs, and resource capacity. Prismatic's team of CPAs, engineers, and customer success personnel will work directly with you to ensure a quick and accurate implementation.
Is Prismatic a general ledger?
Yes.
A general ledger forms the basis of a company's accounting system. It documents all company transactions, such as assets, liabilities, equity, revenues, and expenses. Every entry includes a debit and a credit, which must always balance to maintain accurate financial records.
The general ledger plays an integral role in producing financial statements. It helps businesses track their financial performance over time, allowing them to identify trends, manage budgets, and make informed financial decisions. The general ledger also assists in ensuring compliance with financial regulations and standards, as it provides a complete and accurate record of all financial transactions carried out by the company.
Learn more about Prismatic’s Intelligent General Ledger here.
What are the system requirements to run Prismatic?
Prismatic is a cloud-based platform, requiring only an internet connection and a modern web browser to access. This ensures that our solution is accessible from any device, anywhere, without the need for extensive IT infrastructure.
What is the advantage of choosing Prismatic?
Prismatic is expertly designed to reduce complexity in financial management. This is achieved by its user-friendly interface and simplified processes that make it easy for businesses, regardless of their size or industry, to manage their finances effectively.
Prismatic empowers businesses to take control of their financial management. It equips them with the tools and insights necessary to make informed decisions and drive growth. With Prismatic, businesses can confidently navigate their financial journey, knowing they have a reliable and efficient platform supporting them.