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AcctTwo Blog

Are Your Reports Investor Worthy?

To quote Wayne’s World, “We're not worthy!”, is how most startups feel when reporting to investors, or potential investors, with their outdated Excel sheets riddled with manual errors. You started your startup on the core belief that your product or service is game changing, and you want the world to know it. But the minute you get in front of an investor you start to second guess yourself and your numbers.

Topics: Business Intelligence / Analytics SaaS Financial Reporting analytics business intelligence Financial Analysis, Ratios and KPIs Dashboards Start-Up Accounting SaaS Startup Guidance Investor Reporting

The Extend Your Runway Series

We are excited to announce The Extend Your Runway series. The Extend Your Runway series is a webinar event that will be led and moderated by Marcus Wagner. Marcus is 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.

Topics: SaaS small business Start-Up Accounting SaaS The Future of Finance and Accounting Startup Guidance

How the Big Picture View Enables Actionable Insights via Advanced SaaS KPI Dashboards

Thousands of SaaS companies will be convening soon at the SaaStr Annual 2020 conference. The focus of the event is to help software companies grow and scale successfully.  AcctTwo will be exhibiting at the event and we are a proud gold sponsor because we believe in the purpose of the event and have seen the powerful transformation driven by advanced SaaS KPI dashboards that reveal actionable insights which enable successful scale up and faster growth for your company.

What if you could easily capture and instantly access those metrics that shed light on the opportunities and pitfalls ahead, as well as the root causes of key performance trends? Wouldn’t it be helpful to have the detailed metrics you need, on demand? Here are the ways we’ve seen SaaS companies transform when they have the right metrics at the right time.

Topics: SaaS Dashboards Accounting SaaS

Focusing on the Big Picture in a Startup Environment

Running a startup is hard. It is your baby and you give your mind, body, and soul over to it. Yet while you started with a focus on the big picture, it is easy to get lost in the weeds very quickly. At AcctTwo, we understand your headspace not only because we were a start-up ourselves, but because we work with start-ups everyday.

Topics: SaaS Managed Accounting Services (MAS) Strategy Finance Transformation

The Subscription Model is Better for You as a Customer and for Your Business

At a certain point every business has to upgrade its accounting software. Solutions like QuickBooks may be adequate to start, but not once businesses begin to grow and diversify. Committing to an upgrade is an important step for future success. The question is what kind of upgrade to pursue.

In the new book “Subscribed: Why the Subscription Model Will Be Your Company’s Future—and What to Do About It,” author Tien Tzuo argues that services are becoming more important than products. Most of us already rely on services like Netflix or Amazon Prime, and the idea of paying for access rather than ownership will soon become standard.

Topics: SaaS Software as a service Subscription-Based Revenue Subscription Billing

4 Key Takeaways for SaaS Finance Innovation

Increasingly, the CFO and finance leaders in growth SaaS companies are the business model architects for analyzing and guiding the success of the company. 

Topics: SaaS best-of-breed AcctTwo News Audit and Internal Controls best-in-class Busines-Process-as-a-Service Managed Accounting Services (MAS) Accounting Today Sage Intacct Partner of the Year Sage Intacct News Sage Intacct Suite Finance Transformation Digital Transformation ERP Cloud Accounting SaaS

A Precise Look at Performance in Your SaaS Company

There is a reason SaaS has become the dominant approach to business applications: It makes more sense for both the user and the provider. Users get better tools at a lower cost while providers can count on a steady stream of revenue and closer client relations.

The only downside of running a dynamic SaaS company is that performance is hard to track and difficult to define. Success and failure are driven by multiple variables, and it’s easy to mistake positives for negatives and vice versa.

Topics: SaaS Software as a service Financial Analysis, Ratios and KPIs Software and Technology Industry

How Did the Recent Market Dip Affect SaaS Companies?

After years of rising fortunes and relative stability, the stock market went on a wild ride through the start of 2018. More than $5 trillion drained out of global equity markets over the first 10 days of February, and halfway through the Dow shed almost 1,600 points in one day – the largest single-day decline in history.

Now that the volatility has largely leveled off, investors and industry insiders are understandably eager to figure out exactly what this turbulence means for the future of markets. Looking at the stocks that plunged is important, but the stocks that made it through February relatively unscathed are just as instructive.

Topics: SaaS Cloud Computing / SaaS

Transition Smoothly to New FASB Rules with the Right Technology

The New FASB Accounting Rules Are Complicated. Why Not Choose a Technology That Actually Helps With the Transition?

For many companies, the new FASB revenue reporting requirements spelled out under ASC 606 go into effect on December 15, 2017. That date looms large in the minds of accountants because it represents a radical new way of doing things.

Topics: Software Industry SaaS FASB Revenue Recognition Subscription-Based Revenue Regulations

Managing SaaS Metrics throughout the Company Growth Lifecycle

Fast growth requires fast decisions made with the right information. All companies struggle to do this. But SaaS companies face more challenges. You construct your metrics reports with data you’ve pulled from disparate applications, and then aggregate that data and perform calculations within spreadsheets—typically a time-consuming, error-prone process.

What if you could easily capture and instantly access the detailed metrics you need, right when you need them? What if these metrics shed light on the pitfalls and opportunities ahead, as well as the root causes of performance trends?

Topics: SaaS eBook Cloud Computing / SaaS Financial Analysis, Ratios and KPIs Metrics