Intelligent General Ledger

A general ledger designed for modern finance

Command, expand, and elevate decision-making. Powered by a single, sophisticated platform.

  • Flexible

    Modular enough to meet your business needs.

  • Modern

    Built with cutting-edge ledger technology to help you scale.

  • Integrated

    Easily integrate all your financial data with Prismatic’s API.

  • Multi-entity

    • Gain complete visibility and control over all your entities from a single platform.

    • Accelerate and simplify your month-end close with instant consolidations across every entities.

    • Optimize your operations with advanced fractional entity ownership and precise transaction splitting.

  • Multi-dimensional

    • Achieve full control over your financial data.

    • Customize and enhance your accounting data with dimensional codification:

      • Class
      • Location
      • Fund
      • Partner
      • Vendor
      • Item
      • Department
      • Project
    • Move beyond spreadsheets and view all your data in one place.

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.

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  • Automation

    Eliminate busywork with advanced automation and AI that learns from you

    Prismatic adapts to your rhythm, automating mundane financial tasks and turbocharging monthly close.

  • API

    See a unified view of your business financials with Prismatic’s API

    Create accounting connections and securely sync all transaction data with your applications.

  • Transact

    Navigate global commerce with an infinitely scalable and integrated general ledger

    Effortlessly handle currency translation and transact in 180+ currencies.

  • Speed

    Close out your books in hours rather than days through a repeatable close process

    Close your books faster and more efficiently with our collaborative close process.

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%.

Multi-entity finance teams are making the switch to Prismatic

Find out why top finance teams leverage Prismatic to scale their operations:

two multi colored triangles

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.

Blake
COO @ The Energy Room
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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.

Salvatore
VP of Finance, Healthtech
two multi colored triangles

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.

Andrew
Founder @ TwentyOneGrains
two multi colored triangles

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.

Alexandra
Financial Controls @ Fortune 100
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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.

Joe
Corporate Reporting @ Fortune 100

Ready to transform your business process?

Get in control of your financials.

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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 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 many subsidiaries can I have on Prismatic?

Unlimited.

Prismatic is designed to scale with your business needs, supporting an unlimited number of subsidiaries. This makes it ideal for growing businesses and enterprises with complex structures, as it can accommodate expansion without performance degradation.

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 a dimension?

In financial accounting, a dimension refers to a specific characteristic used to categorize transactions for further analysis. These can include departments, projects, or locations. Dimensions aid in generating more detailed financial reports and facilitate the analysis of performance across various business segments.

By employing dimensions, businesses can break down their financial data into more manageable segments, providing a deeper understanding of their financial performance. For instance, using a 'department' dimension can help to analyze which department is generating the most revenue or incurring the most costs. Similarly, a 'location' dimension can provide insights into the financial performance of different geographical areas of the business.

Read more about Prismatic’s approach to dimensionality.

What is an entity?

An entity refers to a legal business unit that reports separately in financial statements. Entities can be companies, divisions, or subsidiaries, each with distinct operations but under one corporate group. Managing multiple entities involves consolidating their financials for a unified overview.

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 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