Case Study: Pantheon achieves GAAP-compliant revenue accounting with Leapfin

Pantheon - Customer Case Study

Pantheon, the WebOps platform for marketers and developers, needed to move from cash-basis to GAAP accrual revenue accounting as it scaled. As a subscription-based business handling more than ten thousand transactions per month, its finance team struggled with manual Excel-based processes, mid-cycle changes, and the complexity of GAAP-compliant reporting. Pantheon turned to Leapfin to help automate revenue accounting and support reporting, compliance, reconciliation, and analytics.

With Leapfin’s unified financial data platform, Pantheon gained real-time visibility into customers, deferred revenue, and revenue updates, allowing the team to book journal entries in about 5 minutes instead of wrestling with manual work. Leapfin also supported the annual audit and gave finance better access to data for analysis, including the impact of subscription credits. As a result, Pantheon transitioned to GAAP accrual accounting, simplified its accounting process, and used the insights to eliminate credits and improve both the user experience and revenue compliance.

Pantheon

Nan Wang

Assistant Controller