Modfin understands and drives the financial processes that power your business. With Modfin, you can map key finance operations to our standardized, extensible transaction library. Our Transactional Graph is designed to efficiently capture complexity and support modern business models and processes.
The Modfin Ledger serves as a system of record for your financial transactions. It is transaction-level to give you access to all the detail you need. We adhere to essential accounting rules to make sure your data is consistent, predictable, compliant and fully auditable.
We thrive on re-imagining and automating accounting processes, such as reconciliation tasks. Modfin also gives you extensive functionality for financial analysis, diagnostics and answering complex accounting questions. Our analytics platform is fast, flexible and scales effortlessly to meet the needs of your business.
We built robust integrations with major payment processors and banks to manage, record and reconcile payments. Modfin also uses an extensible transaction library to consume in-house data sources or event streams and map them to a standardized, unified ledger. We can interoperate with most major accounting and ERP systems.
Modfin was built for massive transaction volume. Our modern infrastructure and innovative technology allows for unlimited scaling without compromising speed or data quality. We borrowed from big data technologies to make sure we can operate lightning fast and with high accuracy, no matter the volume.
Today's businesses are complex in nature. Our Transactional Graph captures intricate chains of interoperating transactions that mirror key business processes. Whether you operate a global marketplace, a lending platform, have an extensive list of fees or deal with dozens of currencies, we've got you covered.
Modfin supports the full sales lifecycle from cart, order, fees and taxes through invoices to payments and provider payouts. We excel at payment management and follow each transaction through authorization, settlement, reversal and refund.
We provide extensive fee management, no matter how complicated the fee structure or the allocation between customer and provider. You can track and follow the status of each fee charged. Modfin can manage the merchant of record process for you to make sure that you always collect and pay out the correct amount.
Modfin supports loan issuance transactions, setting up payment schedules and handle proper payment allocation. You can book and manage investor holdings and follow splits, transfers and trades of assets. Modfin can help you provide granular and accurate reporting to your key investors or providers.
We track and clear every sale, payment, fee, payout or any other transaction, hence audit data is readily available for any past or present outstanding balance. Give your auditors what they need and stop compiling and sending spreadsheets back and forth.
Transaction feeds from payment processors and bank accounts become an integral part of your ledger, automating transaction-level reconciliation. Mismatched transactions are flagged and categorized to help you identify the root cause and resolve the issue.
Net balances at the individual account level and compute metrics on the net balance.
We calculate the age of every component of a balance, let you customize buckets and help identify delinquncies and predict loss reserve.
Use settlement data from payment processors to automatically book any gain/loss on currency translations.
Instantly identify imbalances and see the health of your finance systems.
The combination of our standardized transactional data and our high performance analytics engine provides insights and reporting at a level of granularity and speed that is unmatched by other analytics tools.