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AcctTwo Blog

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

Companies are Cloudwashing Their Products AND Their Revenue

In a recent article in the Wall Street Journal, Angus Loten and Kimberly S. Johnson draw attention to something we've been hammering on for a few years now: Cloudwashing, or the practice of painting over traditional IT technology with the word “cloud.” The article quotes Clay Johnson, CIO of GE Power and Water saying:

Topics: SaaS Cloud computing Informational

Article on SaaS in Wall Street Journal Reads Like a Hit Piece

WSJ Article Refers to SaaS in the Past Tense

In an article by Angus Loten and Rachael King published in the Tech section of the Wall Street Journal on Nov. 11, 2015, I found something curious. Software-as-a-Service, or SaaS, one of the most important (and current) technology trends in both enterprise and consumer software, seems to get relegated to the dustbin of history. The main thesis of the article can be summed up in this paragraph:

Topics: SaaS Cloud Computing / SaaS Cloud computing

SaaS Delivery Model More Important than Features but Peace of Mind is Tops

This article originally published on SandHill.com

Topics: Blog SaaS Cloud Computing / SaaS

SaaS Benchmarks – Security and Performance Costs Drive Up Cost of Revenue

From Intacct's View from the Cloud Blog:
We've invited Lauren Kelley, CEO and founder of OPEXEngine, to write a series of guest posts to the Intacct blog sharing some of her insights around benchmarks for software and SaaS companies. We hope you enjoy the series, the first post is below.

Topics: Blog accounting software View from the Cloud Intacct Software Industry SaaS Security and Performance Costs OPEXEngine Subscription-Based Revenue Software and Technology Industry Best Practices Awareness