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Introducing Advanced Mapping Rules: A game-changer for accountants and finance teams
With Advanced Mapping Rules, you can ensure transactions are correctly categorized right from the start.
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1 minute
September 23, 2024
At Rho, we’re constantly striving to make life easier for accountants and finance teams. We understand that closing the books each month can be a time-consuming and complex task. That's why we're excited to announce the release of our new feature: Advanced Mapping Rules.
Eliminate late receipt submissions and streamline transaction reconciliation with Rho.
Mapping rules are a powerful functionality within Rho that allows you to automate specific actions based on conditions you set. For instance, if a transaction has a specific attribute, a rule can automatically assign another attribute elsewhere in your financial data. This automation significantly reduces the need for manual input and helps ensure accuracy across your financial records.
Until now, Rho's mapping rules have allowed users to set up 1-to-1 mappings—meaning one condition leads to one input. While this was helpful, it didn’t cover all scenarios, especially when edge cases or more complex conditions were involved. Users often found themselves having to manually adjust transactions that didn’t fit neatly into a single rule, which could be time-consuming and increase the chance of errors.
With our new Advanced Mapping Rules, we're taking automation and customization to the next level.
This feature allows you to create more sophisticated rules that handle multiple conditions. Now, you can build rules that account for a variety of scenarios, significantly reducing the number of manual adjustments needed. For example, you can set up a rule that automatically categorizes a transaction if it meets several specific criteria, covering a broader range of situations and complexities that are unique to your business.
By using Advanced Mapping Rules, you can ensure more transactions are correctly categorized right from the start, reducing errors and the time needed for reconciliation. This means your finance team can focus more on analysis and strategy rather than data entry and correction.
Our new Advanced Mapping Rules are designed specifically for accountants and finance teams who want to streamline their workflows and close their books faster.
This feature is perfect for those who handle a large volume of transactions and need to reduce the time spent on manual data entry and adjustments. Or for those who may have more simple requirements but want to cover 100% of the inputs they need to add each month.
At Rho, our goal is to help you close your books faster and with less effort. The introduction of Advanced Mapping Rules is a testament to our commitment to innovation and efficiency. We believe that by reducing the amount of manual work required, you can focus on what truly matters—analyzing your financial data and making strategic decisions for your business.
We’re excited for you to start using this new feature and experience the time-saving benefits it brings. As always, our team is here to support you and ensure you get the most out of Rho.
Thank you for choosing Rho as your financial partner. Stay tuned for more updates as we continue to improve and expand our offerings to better serve your needs!
Rho is a fintech company, not a bank. Checking and card services provided by Webster Bank, N.A., member FDIC; savings account services provided by American Deposit Management Co. and its partner banks.