Solutions overview

Scale faster and further

Robust suite of automated finance solutions

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.

Modernize

Transform your finance tech stack.

  • Visibility

    All your entities in one place.

  • Automation

    Auto-code transactions.

  • Controls

    Reduce manual oversight.

  • Integration

    Combine all your business data.

Simplify multi-entity finance

Automated solutions designed for consolidation, scale and growth.

  • Centralize

    Every entity in one place

    Consolidating globally across your entities is fast, easy and accurate.

  • Configure

    Capture, code and report

    Define dimensions and codify transactions to slice and dice company data.

  • Visualize

    Real-time analytics and reporting

    Build, share and report all by yourself.

  • Integrate

    Connect all your data

    Bridge data across all apps, entities and departments.

Automate repetitive tasks

Save time and ensure accuracy.

  • Close in hours

    Experience unprecedented speed in financial consolidations, reducing close times from days to mere hours, and freeing up valuable resources.

  • Less spreadsheets

    Effortlessly consolidate financials for partially owned subsidiaries, ensuring accurate and comprehensive financial statements.

  • Real-time consolidations

    Import real-time statistical data from Prismatic’s API to dynamically allocate across all your entities.

Oversight

Control finances in every direction

Manage users and control access

Complex user permissioning means you precisely control who has access to your sensitive data.

Streamline reporting while maintaining control and always being audit ready

Simplify and accelerate your reporting processes without sacrificing control. Create shareable reports and dashboards with complex user controls.

Integrate your finance tech stack

Leverage Prismatic's API to combine all your business data on one platform.

  • API

    Prismatic’s API enables real-time connections with all your favorite apps.

  • Integration

    Eliminate data fragmentation and integrate your data with only a few clicks.

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.

Can Prismatic scale with my business as it grows?

Absolutely, Prismatic is designed to scale seamlessly with your business. Whether you're expanding the number of entities under management or growing internationally, our platform adapts to increased complexities and evolving business needs without compromising performance.

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 does Prismatic handle consolidations?

Prismatic simplifies the consolidation process by automatically combining financial statements from multiple entities into a single consolidated report. This includes adjustments for inter-company transactions, foreign currency translations, and elimination entries, providing a comprehensive and compliant overview of your entire business.

How does Prismatic handle inter-company activity?

Prismatic handles inter-company activity by automating transactions between entities within the same organization, such as fund transfers, expenses, and revenue sharing. Our platform simplifies these processes by providing tools to reconcile inter-company accounts automatically, ensuring accuracy and compliance.

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.

How often does Prismatic release updates?

We regularly update our platform to introduce new features and enhancements, typically on a quarterly basis. These updates are designed to improve functionality, enhance user experience, and incorporate the latest advancements in financial technology.

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.

What training resources does Prismatic provide?

Prismatic offers a range of training resources to ensure users can fully leverage the platform. This includes on-demand videos, webinars, personalized training sessions, and detailed documentation. We also offer on-site training for teams, tailored to the specific needs of your business.

What type of support does Prismatic offer its users?

Prismatic offers comprehensive support through a dedicated customer service team, available via phone, email, and live chat. We also provide extensive online resources, including tutorials, FAQs, and community forums, to help users maximize the benefits of our platform.

Why is Prismatic different from an ERP?

Prismatic differs from traditional ERP systems as it is specifically designed to provide financial clarity and control for multi-entity businesses. Most ERPs were built decades ago and were not designed to suit all industries. Prismatic is built on the latest technology and can integrate with any and all of your business tools. Prismatic can automate most or all of your routine busywork and accounting tasks.

While ERPs often include broad enterprise management features, Prismatic focuses on advanced financial functionalities like automated inter-company transactions, consolidation, and compliance, making it more specialized and efficient for financial management.

Request a personalized demo to learn how you can take full advantage of the platform: https://www.prismatic.so/demo

Ready to transform your business process?

Get in control of your financials.

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