Use Cases

Multi-currency revenue consolidation

Businesses selling in more than one country end up with revenue in several currencies across several systems. Nockpoint connects your payment, ecommerce and accounting data, converts everything into one reporting currency using a consistent exchange-rate method, and shows total revenue in one place.

Components

Data Blending
Data Modeling
Departments
Finance
Accounting
Business Types
SMBs
Enterprise

Summary

Bring every sales channel together. Connect Stripe, Shopify and your accounting system so revenue from each channel and region sits in one dataset.

Convert currencies the same way every time. Exchange rates from Open Exchange Rates are applied by transaction date or month-end, depending on the method you choose, so conversions are consistent and traceable.

Compare regions fairly. See revenue by country and currency side by side, in both the original currency and your reporting currency, such as Canadian or US dollars.

What you can track

  • Total revenue in your reporting currency
  • Revenue by country and original currency
  • Revenue by sales channel
  • Impact of exchange-rate changes on reported revenue
  • Month-over-month growth by region

Data Sources