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AcctTwo Blog

Jumpstart SaaS Portco Growth With Private Equity Software Solutions

Private Equity and Venture Capital firms with SaaS and subscription businesses in their portfolios face unique challenges in providing strategic financial guidance to their portcos, particularly new ones. Often, you'll find undeveloped internal controls and manual tracking methodologies that inevitably result in delayed, inaccurate financial data. In this blog series, we'll explain how investing in purpose-built, real-time private equity software solutions that are specifically designed for SaaS and subscription-based reporting and metrics can help PEs and VCs overcome these challenges and jumpstart growth.

Topics: KPI SaaS venture capital saas intelligence General private equity

Newly Acquired by Baker Tilly, AcctTwo to Sponsor SaaStr 2021

Houston, TX and San Mateo, CA (September 8, 2021) – Three weeks after combining with Baker Tilly US, LLP, AcctTwo, a Value-Added Reseller (VAR) of Sage Intacct and a managed services provider with proprietary solutions for the powerful cloud-based platform, will sponsor and attend the SaaStr Annual 2021 conference in the Bay Area September 27-29.

Topics: SaaS Events and Webinars General

AcctTwo Helps Quest Analytics Track Key Subscription Finance Metrics

With automation from AcctTwo’s SaaS Intelligence, Quest Analytics can now trust their data and easily see actionable insights that Excel wasn’t showing them to support their recent shift to a business model more akin to a Software as a Service company. Their team now has data-driven conversations at the executive and department level about subscription finance metrics, such as Customer Acquisition Cost and Customer Lifetime Value, and decide confidently where they need to focus their efforts to drive more growth.

Topics: SaaS Case Study Subscription-Based Revenue saas intelligence General Customers

How to Integrate Stripe with ERP Software AND Get Actionable Insights

Companies are transforming their business technologies at a faster rate than ever. The COVID pandemic has accelerated that transformation. At AcctTwo, we curate, integrate, and optimize best-in-class financial management solutions. We've found that, even when the best possible technologies for a customer's industry and business model are implemented, there are usually "last mile" gaps that need to be solved for - gaps in process, automations, integrations, or in the ability to get meaningful insights from the systems. A great example of this is evident in our partnerships with Sage Intacct and Venn Technology. Find out how to integrate Stripe with Sage Intacct to fulfill your need for more actionable insights from your finance and payments data.

Topics: SaaS integration saas intelligence General Stripe

What Do I Need to Raise Capital?

The preparation required to raise capital is one of the hardest things a founder can do and it will consume a significant amount of your time. Given what we are experiencing with COVID-19, it is even more challenging. Interestingly, today “the biggest change lies in not the money itself, but the appetite for uncertainty. Most investors are going to be more cautious currently, which will require some form of uncertainty premium as a part of the terms. One way to ensure that you can raise money confidently in this time is to get intimately familiar with cash flow on a day-to-day, week-to-week basis.” 

Topics: SaaS venture capital Start-Up Startup Guidance extend your runway General

How to Create a SaaS Cash Flow Forecast

No matter the size of your company, there is nothing more critical than the ability to generate and manage cash. Cash is the lifeblood of the company; and the most critical factor in survival. Nearly 40% of startups fail because of financial challenges; and while that number certainly has the potential to grow with COVID-19, we want to share some practical cash management advice to not only weather this unprecedented time, but also put in place responsible cash management practices that will serve you well now and in the future, such as the ability to create a SaaS cash flow forecast.

Topics: SaaS Finance Transformation extend your runway General

Sound Transaction Management With SaaS Finance Software

How Modern SaaS Finance Software Helps with Sound Transaction Management

At AcctTwo, when we refer to Sound Transaction Management we mean setting up the right chart of accounts, optimizing the order-to-cash and procure-to-pay processes, and capturing all the relevant information in the right place. With the right SaaS finance software, you can have a dimensional chart of accounts as the core of many enabling functions that lead to predictable growth. In this on-demand Webinar, hear from a CFO and a Founder about sound transaction management.

Topics: SaaS Accounting Finance Transformation extend your runway General

Playbook: Be Proactive About SaaS Finance Planning

The Extend Your Runway Webinar series was led and moderated by Marcus Wagner. During the SaaS Finance and Accounting Playbook Overview and Proactive Planning webinar, Marcus stepped through the first element of AcctTwo’s Accounting and Finance Playbook - Proactive Planning. Proactive Planning is the iterative process of budgeting and re-forecasting based on real-time operational data and market dynamics.

Topics: SaaS Software and Technology Industry extend your runway General

Ascent Conference: Finance & Accounting Playbook

A few weeks ago, I had the pleasure of participating in this year’s Ascent Conference, a staple of the startup, SaaS, and venture capital communities in the Greater NYC area. Because of COVID, the event was held virtually. I gave a keynote presentation on “How to Extend Your Runway with a Finance and Accounting Playbook.” As the founder and CEO of AcctTwo, a services and technology company delivering the Future of Finance and Accounting to nearly 1,000 organizations throughout the country, my team and I have firsthand experience implementing the processes, controls, and technology needed to optimize financial resources for SaaS companies at variety of growth stages. As a result of this experience, we’ve developed a Finance and Accounting Playbook that I shared during the keynote. The effects of COVID-19 for the past few months have only reinforced the need for this kind of planning.

Topics: SaaS accounting outsourcing Accounting SaaS General

SaaS Finance: Are You Sitting in a $20,000 Meeting?

Think about the last mismanaged meeting you attended. Who was in the room? How many executives were in it? Did that meeting go long, or turn into two or three meetings? Without question, every meeting needs a clear agenda. A lack of an agenda leads to disorganization, mass confusion, and meetings that are far more likely to get off track or hijacked. A mismanaged meeting leads to a black hole of inefficiencies and wasted salaries. Makes sense, right? Well, a SaaS finance meeting run using Excel as the backbone of your financial platform leads to the exact same challenges.

Topics: finance and accounting outsourcing software companies SaaS Start-Up Startup Guidance