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.
Author
Jack Maddock
Updated
September 23, 2024
Read time
7

Spending made smarter

Eliminate annoying banking fees, earn yield on your cash, and operate more efficiently with Rho.

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.

What are Mapping Rules?

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.

The evolution of Mapping Rules at Rho

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.

Introducing Advanced Mapping Rules

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.

Who is this feature for?

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. 

Committed to streamlining your financial processes

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.

Jack Maddock
November 28, 2024
Jack Maddock is a Senior Product Manager who leads accounting product innovation at Rho. Jack has over a decade of experience in financial services, having shaped product roadmaps at Wise and Barclays. He is an expert on commercial money movement, accounting technology, and corporate finance processes overseen by accountants, controllers, and CFOs.

Scale your startup with Rho today

Book time to see the Rho platform in action with one of our startup specialists.
Learn more
Rho is a fintech company, not a bank or an FDIC-insured depository institution. Checking account and card services provided by Webster Bank N.A., member FDIC. Savings account services provided by American Deposit Management Co. and its partner banks. International and foreign currency payments services are provided by Wise US Inc. FDIC deposit insurance coverage is available only to protect you against the failure of an FDIC-insured bank that holds your deposits and subject to FDIC limitations and requirements. It does not protect you against the failure of Rho or other third party.
The Rho Corporate Card is issued by Webster Bank N.A., member FDIC pursuant to a license from Mastercard.
Investment management and advisory services provided by RBB Treasury LLC dba Rho Treasury, an SEC-registered investment adviser and subsidiary of Rho. RBB Treasury LLC facilitates investments in securities: investments are not deposits and are not FDIC-insured. Investments are not bank guaranteed, and may lose value. Investment products involve risk, including the possible loss of the principal invested, and past performance does not future results. Registration with the SEC does not imply a certain level of skill or training. Treasury and custodial services provided through Apex Clearing Corp. ("Apex") and Interactive Brokers LLC ("Interactive"), registered broker dealers and members FINRA/SIPC. Interactive rates may vary from Apex rate shown above. For additional information about investment management and advisory services provided by Rho Treasury, please refer to Rho Treasury’s ADV-2A Wrap Fee Brochure.
             
This material presented is for informational purposes only and should not be construed as legal, tax, accounting or investment advice. Under no circumstances should any of this material be used for or considered as an offer to sell or a solicitation of any offer to buy an interest in any securities. Any analysis or discussion of financial planning matters, investments, sectors or the market generally are based on current information, including from public sources, that we consider reliable, but we do not represent that any research or the information provided is accurate or complete, and it should not be relied on as such. Our views and opinions are current at the time of publication and are subject to change. You should consult with your attorney or relevant professional advisor for advice particular to your personal or business situation.
                  
Rho Treasury is not insured by the FDIC. Rho Treasury are not deposits or other obligations of Webster Bank N.A., or American Deposit Management Co.’s partner banks, and are not guaranteed by Webster Bank N.A., or American Deposit Management Co.’s partner banks. Rho Treasury products are subject to investment risks, including possible loss of the principal invested.
*This reflects the gross yield based on 90-day Treasury Bill rates as of [DATE]. The advertised yield does not include the annual fee, which ranges from 0.15% for deposits of $20M or more to 0.6% (the maximum annual fee) for deposits under $2M. Individual results may vary depending on the actual investment date and investment products selected. Past performance is not a guarantee of future performance results. The yield is variable and fluctuates without prior notice. The rate shown is before fees. Fees and costs may reduce the actual returns received. The amount of Treasury Bills available at a particular yield will depend upon the sellers’ offer size; any remaining cash balance after the purchase may not earn the same yield.
© 2019-2025 Under Technologies, Inc. DBA Rho Technologies. Rho is a trademark of Under Technologies, Inc.