Case Study: Syndic8 achieves automated GAAP-compliant SaaS revenue recognition with Synder

Syndic8 automates SaaS revenue recognition and saves 40+ hours a month with Synder

Syndic8, a leading ecommerce data distribution platform, faced significant challenges with SaaS revenue recognition as its business grew. The complexities of managing subscription changes, prorations, and compliance with GAAP standards created a manual headache, revealing limitations in their existing platforms, Stripe and QuickBooks Online. They turned to the vendor Synder and its RevRec product to automate this critical process.

Synder implemented its RevRec engine to automatically detect subscription changes in Stripe and sync them with GAAP-compliant entries in QuickBooks Online. The solution provided granular revenue tracking and handled complex billing scenarios, eliminating manual data entry. As a result, Syndic8 fully automated its revenue recognition, saving valuable time and resources, and gained the detailed financial visibility necessary to confidently scale its operations.

Syndic8