GAPPIFY
Founded by CPAs and accountants, Gappify is a leading cloud-based provider of accrual automation solutions for mid-market and enterprise businesses. Gappify helps corporate accounting teams move away from tedious and manual accrual processes, to an automated and SOX-compliant workflow. As a result, customers benefit from a faster month-end close, better audit results, and cost savings.
TOP 3 CHALLENGES ADDRESSED
Close: Eliminate up to 90% of the manual work related to accruals and gain real-time visibility into all accrual data to expedite the review process and close-timing.
Comply: Gappify Accrual Cloud is SOC 1 & SOC 2 compliant. Strengthen controls to avoid fees, penalties, and misstatements with custom access and segregation-of-duties workflows. Capture all accrual support to build a robust audit trail and validate the accuracy of accruals.
Cut Costs: Make smarter resource allocation decisions with more timely and accurate financial data. Catch errors, unchecked spending, and budget policy violators with cost-monitoring reports. Leverage automated alerts and escalation features to further prevent non-compliance.
TOP 3 DIFFERENTIATORS
Single Source of Truth for Accrual Data
Gappify is the only purpose built solution to automate accruals in the market today and integrates with any cloud-based ERP, P2P or budgeting tool to ingest data automatically. This ensures all the relevant data for your accruals process – invoice and PO details, chart-of-accounts, and a robust audit trail – are captured in our one-stop shop accrual tool.
Automate Vendor & Internal Confirmations
Schedule confirmations to be automatically sent to your vendors and internal PO owners, schedule auto-reminder emails, and track responses in a single tool.
Automate Accrual Calculation Estimates
Support your confirmations with calculated accrual estimates. Automatically run straight-line, historical average or percentage-of-completion calculations based on data ingested from your P2P or ERP systems. Validate confirmations or create journal entries directly from these calculations.
VALUE DELIVERED TO CUSTOMERS
Having accurate accrual information is a necessity for proper visiblity into spend. Historically it has been difficult to automate accruals, but Gappify provides a solution to the problem.
Reduced close timeline by 6 days
Gappify's robust documentation trail and control framework has reduced the volume of audit testing
PRODUCT & IMPLEMENTATIONS
ALL PRICING & TIMELINES ARE AVERAGES/ESTIMATES & ARE SUBJECT TO VARY DEPENDING ON EACH COMPANY’S SPECIFIC REQUIREMENTSAI Features
Audit Trails
Commenting & Notes Capabilities
AVERAGE ANNUAL LICENSE COST
Drill-Down Capabilities
Under $25K
$25K - $100K
$100K+
IMPLMENTATION DEPLOYMENT METHOD
Self-Implementable
Assisted Implementation
AVERAGE IMPLEMENTATION TIMELINE
Immediate
0 - 3 mos
3 - 6 mos
PRODUCT FEATURES AVAILABILE
Errors & Anomalies Detection
Integration Enabled
Automated Accrual Confirmation Emails
Modular Features
Multi-Currency
Multi-Entity
System-Generated Accrual Estimates
Customizations Available
6 - 12 mos
Real-Time Collaboration
Reconciliation Enabled
Regulation Compliant
APIs for Seamless Integration
Automated JE Posting
Reporting & Analytics
Role-based Permissions
Workflow Approvals
THE RIGHT CUSTOMER FIT
STAGE
Start-up / Small-sized
Mid-sized
Enterprise
BUSINESS MODEL
BUSINESS MODEL AGNOSTIC
USE CASE & REQUIREMENT COMPLEXITY
LOW: single-entity orgs with straight-forward processes
MEDIUM: high-growth organizations with evolving offerings
HIGH: multi-entity, global organizations with intricate processes
INDUSTRY
Industry AGNOSTIC
IDEAL TRANSACTION VOLUME
LOW
MEDIUM
HIGH