Tag: SAAS

Accelerate Your SaaS Company’s Growth with Sage Intacct

When launching your SaaS company, you’re focused on increasing revenue, landing new logo’s, and adding users to support the business in its early days. Now that you’ve found market fit you’re entering the growth stage. Your investors want to see efficiencies & a set of monthly metrics that confirm the business is trending in the right direction. 

Stepping Up Your Growth Stage Strategy

During this stage, profitability and scalability will be the driving factors in your decision-making process. The growth stage for SaaS companies is key to positioning your business for future success. It’s during this stage that you consider additional investments to help you prepare for rapid growth while building on your current SaaS offerings.

While your existing customers give your company credibility, management should focus on the future and have a set of tools to track how short term goals are trending against actual results. Your first step should be to get up close and personal with your finances to identify areas of opportunity and understand your business performance.

The right accounting software should give you a competitive edge, delivering a range of accounting capabilities unique to your SaaS business. You shouldn’t be spending hours manually pulling data from multiple systems only to have this data siloed in versions of Excel or Google sheets. Quantitative and qualitative data should be able to flow seamlessly into the accounting system through a robust ecosystem of vendors. From sales (Salesforce/Hubspot), to A/P (Bill.com/Routable) to A/R (Harvest), this ecosystem provides for the continuous flow of data to the general ledger. The final result should be a quick and easy manipulation of this data into a dashboard that provides valuable insights to management. 

The Right Software is Smart Software

The features available in QuickBooks may have been reliable up to this point, but don’t let that fool you into thinking that’s all you’ll ever need. Now that you’re entering into the growth stage of your business, it’s time to retire your outdated accounting software and take advantage of a more capable solution —QuickBooks no longer fits the bill.

Sage Intacct, a cloud-based subscription billing and financial software, brings to the table new or improved:

  • Efficiencies – With better metrics and instant access to real-time data, critical KPIs are easier to review and offer more significant insight into your daily decision-making. This allows for better forecasting and creating accurate what-if scenarios to boost efficiency.
  • Integration – Free up cash flow and streamline the entire subscription billing lifecycle with powerful integrations like the native Salesforce.com CPQ integration. With one single platform to use, you have all of the subscription billing features you could possibly need at your fingertips.
  • Automation – Remove the costs associated with manual billing and complex financial tasks. Automate renewals, investor reports, and ASC 606 revenue recognition for better accuracy, compliance, and efficiency. You could reduce your monthly close time by more than 80%!
  • Management – Better visibility with Sage Intacct Dashboards offers improved management for multiple revenue streams and better control over your cash flow.

Go Beyond Customer Acquisition with Sage Intacct

The growth stage will have you focused on decisions that impact scaling your business and promote rapid customer acquisition. Sage Intacct is uniquely built to help you achieve your SaaS goals and experience substantial growth while boosting customer retention and the lifetime value of your customers.

Don’t let your finance team get bogged down by spreadsheets, inflexible systems, and unreliable data. Contact us to learn more about how Sage Intacct will prepare you for your next stage of growth and allow your finance team the flexibility to focus on more important strategic activities.

Trusted CFO Solution’s Guide to Sage Intacct COVID-19 Resources

It may feel like the weight of the world is on your shoulders. We want you to know that Trusted CFO Solutions and Sage Intacct are committed to helping you and your business emerge stronger through the COVID-19 pandemic.

Our TCFOS COVID-19 Task Force put together this guide from Sage Intacct’s great resources to help you save time and be a stronger business.

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How Much Time Does Your Technology Software Company Spend Doing Manual Input Of Recognized And Deferred Revenue?

If you are the CEO or CFO of a software as a service company, you know much of your revenue recognition and deferred revenue management is done manually. When it comes to subscription software, you sit on multiple small payments, and the manual input to Excel or other manual process creates a significant labor cost related to your accounting and sales staff.

Because you work with numerous types of customers in various industries, a lot of manual handovers leaves you less time to analyze or build future products. Our experience shows manual input is one of the most significant challenges for software companies. By streamlining and automating that process, you gain a substantial return to your company.

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backoffice-accounting

11 Reasons To Outsource Your Back Office

Business operations are undergoing a sea change of disruption caused by many factors.

First, globalization has created markets and demand for almost all products purchased online and delivered by global systems to anywhere for anyone.

Second, labor skills and costs are now distributed around the world, so customer support and administrative activities are now performed by a qualified and educated workforce around the world.

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backoffice-accounting

Top Reasons to Outsource Your Back Office, Why Companies Are Making The Shift, And How You Can Benefit

Business operations are undergoing a sea change of disruption caused by many factors.

First, globalization has created markets and demand for almost all products purchased online and delivered by global systems to anywhere for anyone.

Second, labor skills and costs are now distributed around the world, so customer support and administrative activities are now performed by a qualified and educated workforce around the world.

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