Automated prepayments

Save Time, Close Faster, Improve Accuracy.

ScaleXP Smart Finance Automation, Including Deferred Revenue, Financial Consolidation, Budgets & Forcasts, SaaS Metrics, CFO Dashboards, Revenue Recognition, IFRS15 & ASC606 Compliant automated smart reports and dashboards

Automate prepayment expense recognition for your team, automatically allocating costs to the relevant month, without the need for laborious spreadsheets. Prepaid expenses, lease payments, travel costs, and interest costs can be fully automated, streamlining your financial processes.

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ScaleXP Smart Finance Automation, Including Deferred Revenue, Financial Consolidation, Budgets & Forcasts, SaaS Metrics, CFO Dashboards, Revenue Recognition, IFRS15 & ASC606 Compliant automated smart reports and dashboards

ScaleXP is a certified app partner for all leading accounting systems. See all accounting integrations.

ScaleXP Smart Finance Automation, Including Deferred Revenue, Financial Consolidation, Budgets & Forcasts, SaaS Metrics, CFO Dashboards, Revenue Recognition, IFRS15 & ASC606 Compliant automated smart reports and dashboards

Work smarter, not harder

ScaleXP Smart Finance Automation, Including Deferred Revenue, Financial Consolidation, Budgets & Forcasts, SaaS Metrics, CFO Dashboards, Revenue Recognition, IFRS15 & ASC606 Compliant automated smart reports and dashboards

ScaleXP is a state-of-the-art finance automation platform. 

Close the month 3 days faster

ScaleXP Smart Finance Automation, Including Deferred Revenue, Financial Consolidation, Budgets & Forcasts, SaaS Metrics, CFO Dashboards, Revenue Recognition, IFRS15 & ASC606 Compliant automated smart reports and dashboards

Accounting teams that use ScaleXP close the month up to 3 days faster, completely eliminating the need to track prepayments and expenses in spreadsheets.  

ScaleXP Smart Finance Automation, Including Deferred Revenue, Financial Consolidation, Budgets & Forcasts, SaaS Metrics, CFO Dashboards, Revenue Recognition, IFRS15 & ASC606 Compliant automated smart reports and dashboards
ScaleXP Financial Consolidation drag and drop CFO dashboards, deferred revenue software

Improve Accuracy

ScaleXP Financial Consolidation drag and drop CFO dashboards, deferred revenue software

ScaleXP’s algorithms are highly accurate and able to allocate costs by day. Our clients use the technology to:

With ScaleXP you can

Always up to date

ScaleXP imports and processes bills daily, ensuring your prepaid expenses are always up to date. There is no need to worry about a colleague’s holiday or wonder when the prepayments spreadsheet was last updated.

Get started quickly

In two clicks, your accounting system is connected. The system will then go to work creating a prepayment schedule for you. The results are typically ready in about 15 minutes.  

Always audit-ready

All costs recognised are in line with IFRS and GAAP. Easily troubleshoot by clicking a bill or line item to see the fine details. Quickly export to spreadsheets to share line by line cost allocation with auditors.

Deferred Revenue Automation Software, Deferred and Accrued Revenue, Deferred Revenue Journals
ScaleXP Smart Finance Automation, Including Deferred Revenue, Financial Consolidation, Budgets & Forcasts, SaaS Metrics, CFO Dashboards, Revenue Recognition, IFRS15 & ASC606 Compliant automated smart reports and dashboards
Deferred Revenue Automation Software, Deferred and Accrued Revenue, Deferred Revenue Journals

What our customers say

Who uses ScaleXP?

Create greater accountability with accurate cost allocation by month.

Close the month faster and ensure your financials are 100% accurate, even after multiple late adjustments.

Provide fully accurate financials each month, without tracking costs in spreadsheets.

ScaleXP Smart Finance Automation, Including Deferred Revenue, Financial Consolidation, Budgets & Forcasts, SaaS Metrics, CFO Dashboards, Revenue Recognition, IFRS15 & ASC606 Compliant automated smart reports and dashboards
ScaleXP Smart Finance Automation, Including Deferred Revenue, Financial Consolidation, Budgets & Forcasts, SaaS Metrics, CFO Dashboards, Revenue Recognition, IFRS15 & ASC606 Compliant automated smart reports and dashboards
ScaleXP Smart Finance Automation, Including Deferred Revenue, Financial Consolidation, Budgets & Forcasts, SaaS Metrics, CFO Dashboards, Revenue Recognition, IFRS15 & ASC606 Compliant automated smart reports and dashboards

Prepayments FAQs

Financial consolidation is the process of preparing a single set of accounts across multiple legal entities.  For example, if a company has a trading subsidiary in the UK and one in the USA, the combined financials represent a consolidated view. These consolidated accounts are also called group accounts.

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You can consolidate up to 50 entities in ScaleXP. If you need more than this, just get in touch, and we’ll see if we can help. Read more ->

Please click on the link below for more detailed answers on consolidating your financials.

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Prepayments FAQs

ScaleXP will take care of this for you.  The system tracks each bill and each line within a bill. Any words which denote time period are detected by the system.  Costs are then allocated by month and even by day.

Your prepayment schedule is easy to query, clicking through to specific bills and even lines within a bill.

Modifications to the bill are automatically detected using sophisticated tagging technology.  Any modification is imported into ScaleXP and processed automatically. 

Credit notes are handled in exactly the same way as bills, ensuring that all costs are spread without the need for spreadsheet tracking.

The system works across any currency. It stays in sync with your accounting system, using the same FX rates as your accounting system.