Case Study: Outside Interactive streamlines revenue recognition and monthly close with Leapfin

Outside Interactive cuts month-end close time and manages millions of records with Leapfin

Outside Interactive, Inc., a media and technology company, faced a significant challenge in managing the exponential growth and complexity of its revenue data following multiple strategic acquisitions. Their manual accounting processes were overwhelmed by the need to consolidate disparate subscription bases, multiple currencies, and transaction data from various payment providers like Apple and Stripe, which increased the risk of errors and created difficulties with audits and potential future IPO readiness. This chaotic data situation led them to seek a solution from vendor Leapfin.

Leapfin provided a solution that automated Outside Interactive's revenue recognition by consolidating millions of transaction records from all their sources into a single, auditable system. The implementation significantly reduced month-end close time, eliminated the reliance on manual spreadsheets, and provided a consolidated view of revenue that improved financial precision and forecasting. As a result, Leapfin reduced the risk of manual errors and gave the team renewed confidence in their ability to handle audits successfully.

Outside Interactive, Inc