How do flourishing SaaS companies effectively manage their finances to achieve fast growth? With the help of Cloud financial management solutions like Sage Intacct, these savvy companies ensure their financial systems are in sync. Rather than operating in silos, their systems communicate with each together. The business-boosting result? Unified data you can access anywhere, anytime.
Let’s look at how Sage Intacct can help your SaaS company flourish.
As the finance professional knows, the business world is constantly evolving. Companies that stay ahead of the curve regularly refine their processes. In the past, for example, it was good enough to automate only the most menial finance processes and report GAAP accounting.
Today’s complexities call for more sophisticated systems with better agility and scalability.
How does Sage Intacct answer that call? You can accurately track and manage operational data, including subscription billing, revenue recognition, revenue re-allocation, and prepaid expense amortization.
You also can bring data together from different areas, creating real-time visibility and a unified picture of business performance. If you work with a variety of data systems, such as Adaptive Insights, Salesforce or Nexonia, you will likely want them operating in sync. Sage Intacct comes with an API integration point that helps you plug in and play your key data systems.
For a complete system integration, you can use DataBlend to help Sage Intacct communicate with all your other mission critical systems.
Automation for Core Financial Processes
When you use Sage Intacct, your financials are always up-to-date. Your core processes are automated, so you can easily keep information accurate. Your company also has the agility it needs to grow. Plan to expand? Sage Intacct gives you the financial flexibility to transition from a single-entity to a multi-entity business.
Billing & Revenue Management
When you automate core financial processes, you have more time to manage your company. With Sage Intacct, you have flexible subscription and revenue management, a single view of the contract in one place, and an audit ready out of the box.
You can also manage billing schedules, calculate usage billing, enable add-ons and renewals, as well as make reallocations for changes and deferrals of expenses. Want to evaluate revenue under specific conditions? Helpfully, the system provides a 605 and 606 template that allows for dual reporting.
Sage Intacct Reporting: Your Single Source of Truth
In business reporting, it’s important to have a single source of Truth. Accurate and centralized financials reflect your company’s performance. That’s why Sage Intacct offers accurate, customizable dashboards that give you more and faster information daily.
With its comprehensive reporting features, you’ll enjoy flexible reporting with a guided user interface; built-in financial and operational reports; budget versus actual reporting; operational reporting; drill-down capabilities; comprehensive dashboards and tailored content; keys to dual accounting in GAAP and IFRS; and more. All in all, you will have the knowledge to grow your company faster.
Digital Board Book of SaaS Metrics
To measure your company’s pulse, it’s essential to track key financial metrics. With its Digital Board Book of SaaS Metrics, Sage Intacct gives you this capability. You can measure CMRR, ARR, New CMRR, customer churn, revenue churn, customer renewal, revenue renewal, CAC, payback in months, new customers, and average new CMRR/customer. These metrics paint an illuminating financial picture of your company in the past, present, and future.
To see Sage Intacct in action, tune into the webinar: Enabling the High Growth SaaS Firm with Sage Intacct.
Want to be on the fast track in front of growth? Stay ahead of the curve by requesting a demo today.