Prismatic

Prismatic is a comprehensive financial management platform designed to streamline accounting processes for businesses. It offers a sophisticated general ledger system that integrates all financial data, providing a unified view of business operations. The platform supports multi-entity accounting, allowing users to manage multiple subsidiaries efficiently. It automates inter-company transactions, consolidations, and compliance tasks, making it ideal for complex financial structures.

Key features of Prismatic include advanced automation capabilities that reduce manual workloads, enabling faster month-end closes and improved financial visibility. The platform supports dimensional accounting, allowing businesses to categorize transactions by various dimensions such as departments, projects, or locations. This feature enhances financial reporting and analysis, providing deeper insights into business performance.

Prismatic also offers seamless integration with other financial tools through its API, ensuring that data from various sources can be consolidated and analyzed in one place. The platform supports revenue automation, managing revenue recognition, billing cycles, and contract management in compliance with accounting standards like ASC 606/IFRS 15. Additionally, Prismatic handles global commerce by supporting transactions in over 180 currencies, making it suitable for businesses operating internationally.