Save Money With the Synder Partner Program: Join Our Webinar!
Join Webinar ->

How Synder Cut Stape’s 2-Day Reconciliation Process to 40 Minutes

Explore how Synder's powerful automation tools transformed Stape’s financial process, reducing hours of tedious manual data reconciliation to mere minutes.
Download Success Story
95%
Time saved on manual reconciliation
180 hours
Saved yearly on reviewing end-of-the-month data

Stape.io streamlines server-side tracking, ensuring accurate data collection and improved website performance. It's a go-to platform for businesses aiming to enhance analytics and privacy while staying ahead in a data-driven world.

Industry:

SaaS

Integrations:

Stripe, Xero

Product:

Synder Sync, Synder RevRec

Before Synder

bullet point black
Challenges with with GAAP-compliant manual tracking of monthly and annual subscriptions
bullet point black
Difficulties in maintaining accurate client-specific transaction records at scale
bullet point black
Complexities in handling multicurrency transactions

After Synder

Effortless GAAP-compliant subscription management

Synder’s subsribtion mapping feature enabled Stape to easily recognize monthly and annual subscriptions, all in compliance with the accrual method of accounting. Synder’s ability to connect Stripe and Xero eliminated the need for Stape to spend numerous days on data entry, which now takes less than an hour.

Boosting financial accuracy with the per-transaction sync mode

By using Synder’s Per Transaction sync mode, Stape was able to correctly assign each transaction to the proper client, which led to much more granularity in their financial reports. Features such as voided invoices display and transaction ID classification help quickly identify any errors and ensure that Stape’s records remain accurate with minimum manual effort.

Seamless multicurrency support for global transactions

Synder’s multicurrency feature seamlessly records Stape’s transactions in different currencies, eliminating the need for manual adjustments. The system automatically applies the exchange rates set in Xero, ensuring consistent financial accuracy across borders.

Customizable automatic categorization with Smart Rules

Synder’s Smart Rules allow Stape to create custom automatic categorization, streamlining transaction management while the company is growing in size. By defining specific rules for different scenarios, Stape automated the classification of transactions, saving time and reducing errors.

Synder drastically speeds up the process of reconciliation and eliminates the need to manually check massive transaction files. While there still might be a few transactions to review, instead of checking thousands, we only need to verify a couple—saving a significant amount of time. It now takes me about 40 minutes to finish and review a month’s data, whereas manually, it would have taken at least two days.

Olena Svoiak
Financial Manager of Stape
Stape logo

Become a success story with Synder

Explore other success stories
Close Cookie Preference Manager
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.‍
Strictly Necessary (Always Active)
Cookies required to enable basic website functionality.
Made by Flinch 77
Oops! Something went wrong while submitting the form.