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AcctTwo Blog

Replacing QuickBooks: 5 Essential Features Your Startup Software Needs

Accounting systems that rely on manual processes, spreadsheets, and delayed reporting timeframes have no efficiency hacks. As SaaS and subscription businesses grow, their patchwork processes and accounting systems that worked so well in the past are now slowing business growth. Here are the five essential features to look for when considering startup software for your growing SaaS and subscription business.

Topics: SaaS saas intelligence General

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

SaaS Business Intelligence: See Us at SaaStr Annual 2021

One of our industry focuses at AcctTwo is the Software and Technology industry, specifically SaaS companies, which have very specific needs around subscription billing, customer relations, recurring revenue, and metrics.  We’ve learned over the years that the same need for SaaS business intelligence applies to just about any company that sells goods or services on a subscription basis. Sage Intacct, with its native Salesforce integration, subscription billing, revenue recognition, and contract management capabilities, has shown itself to be the ideal financial management platform for these fast-growing businesses, particularly when QuickBooks and Excel become too unwieldy to manage complex contracts and the metrics needed to run the business and to raise money for growth and expansion. 

Topics: Business Intelligence / Analytics Accounting SaaS saas intelligence 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

The Key SaaS Metrics You Need for All Your SaaS Growth Stages

One of the primary challenges many SaaS and subscription businesses face is determining what metrics to track. While all B2B SaaS and subscription businesses are different, there are a handful of key metrics that most can benefit from to optimize performance, propel growth, and attract investors. We’ve outlined the metrics investors are looking at during each of the SaaS growth stages to see if you’re on track and to help you prepare for what’s ahead.

Topics: KPI Cloud Computing / SaaS Accounting SaaS saas intelligence saas intelligence product General

Key SaaS Metrics Show You the Path to Long-Term Growth

The annual and monthly recurring revenue is the driving force behind B2B (or B2B2C) SaaS and subscription-based businesses, but presents a unique set of challenges, particularly in the early and growth stages. While recurring revenue is integral to long-term financial health, early- and growth-stage businesses must establish cash flow and recapture startup and operational costs at a time when they may still be determining product-market fit. Measuring key SaaS metrics can provide critical insights into organizational health, help businesses optimize their sales and marketing, and ultimately position them for long-term growth.

Topics: KPI Cloud Computing / SaaS Accounting SaaS saas intelligence saas intelligence product General

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

New SaaS Reporting Metrics in SaaS Intelligence 2021 R1

Having a clear sense of perspective into KPIs and metrics is a requirement for a comprehensive understanding of both the predictability and sustainability of a SaaS business model's growth. Fully automated, cloud-based, and built directly on Sage Intacct, AcctTwo's SaaS Intelligence application provides this ideal vantage point. For the sake of visibility and ease of use, our R1 2021 Release has added some notable features, SaaS reporting metrics and functions.

Topics: sage KPI Cloud Computing / SaaS Accounting SaaS saas intelligence saas intelligence product General SaaS Intelligence Release Update

How an Automated SaaS Dashboard Can Spur Growth and Attract Investors

It’s been more than 20 years since Salesforce first launched their CRM, and today it stands as one of the largest SaaS companies in the world. In that time, the SaaS model has become ubiquitous. Despite incredible market growth, many SaaS and subscription startups fail for financial and operational reasons or due to market fit. Still others are unable to secure the necessary funding to stay solvent while they find their path to sustainable growth. Find out why an automated SaaS dashboard that calculates and visualizes the leading indicators of business health might have helped more startups, Series A, and even Series B companies succeed.

Topics: KPI Cloud Computing / SaaS Accounting SaaS saas intelligence saas intelligence product General

What You're Missing Without a SaaS Metrics Dashboard

If your revenue is recurring like subscription revenue, SaaS metrics are the lifeblood of your business. These metrics are the building blocks of your profitability and growth. GAAP Financials aren't telling you the whole story so that begs the question, what else are you missing out on without a SaaS metrics dashboard to visualize your financial and operational data into actionable insights?

Topics: KPI Cloud Computing / SaaS Accounting SaaS saas intelligence saas intelligence product General