Run multi-currency finance with ease

Empowering Multi-Entity Businesses with Prismatic

At Prismatic, our core mission is to empower multi-entity businesses dealing with the daily complexities of international finance. The financial landscape for these organizations is fraught with challenges, from navigating fluctuating exchange rates to managing cross-border transactions. These challenges are not just logistical but fundamentally impact strategic decision-making and financial integrity.

For CFOs, the reality of operating in a multi-currency environment presents a unique set of challenges. The need to consolidate financials from various entities across the globe, each transacting in different currencies, makes producing accurate, timely financial reports difficult. This pressure is compounded by the ever-present risk of currency fluctuations, which can significantly affect the company's reported financial health. It's at this intersection of the necessity of accurate financial management and trustworthy multi-currency transactions that Prismatic finds its purpose.

Advanced Technologies for Reliable Financial Management

By integrating advanced technologies like immutable change logs and real-time FX rates from Visa, we ensure not only the reliability and security of financial data but also its relevance and accuracy in the face of global market volatility. This level of precision and efficiency in financial reporting is unprecedented in the multi-entity business realm.

Simplifying Complex Accounting with Advanced Technology

The scenario of billing in Euros while receiving payments in USD is all too familiar, often leading to unrealized gains or losses. Such complexities can turn financial consolidation into a daunting task that most controllers and CFOs approach with dread. Prismatic transforms this challenge into an opportunity for efficiency and clarity. With our groundbreaking instant consolidations, the end-of-month rush becomes obsolete. Our platform intelligently creates an elimination entity for you, harnessing real-time FX rates from Visa to ensure that transacting across different currencies is not just manageable but a seamless part of your financial operations.

Immutable Databases: The Backbone for Prismatic's Security and Control

Choosing a immutable database for Prismatic's architecture wasn't just a technical decision; it was a commitment to excellence. Immutable DBs are cryptographic security, scalability, and 99.99% reliability mean Prismatic's platform stands on a foundation of unparalleled stability. This technology ensures that your financial data is not only secure but also processed with remarkable speed and accuracy. Prismatic is infinitely scalable, secure, and reliable. Prismatic enables CFOs to track and maintain a sequenced history of every application data change using an immutable and transparent journal. This means every change to the GL is recorded with timestamps and user records, leaving audit trails you can trust.

Embracing Flexibility with Real-Time FX Rates and Custom Rate Tables

Understanding the dynamic nature of global finance, Prismatic integrates Visa’s real-time FX rates. This feature ensures that every transaction is pegged at the current currency conversion rate, providing you with an accurate and up-to-date financial position, regardless of market fluctuations. We also recognize the unique needs of businesses that prefer predetermined rates for financial reporting. Prismatic offers the flexibility of rate tables, allowing the application of a common exchange rate across transactions within a specific period. This adaptability is crucial for financial consolidations that align with internal policies or regulatory requirements.

A Central Hub for Financial Management

Prismatic is not just a platform. It’s your central hub for financial management. Open architecture powered by Immutable Ledger and Visa’s real-time FX rates enables you to meet the demands of today but also anticipates the challenges of tomorrow. Let us be your partner in financial innovation, guiding your business towards unprecedented growth and efficiency.

Discover the Prismatic Multi-currency modules

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