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AcctTwo Blog

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

SaaS Revenue Recognition Solution Complies with New ASC 606 and FASB

ASC 606 and FASB Accounting Rules Are Complicated. Learn how a SaaS Revenue Recognition Solution Helps

For many companies, the ASC 606 and FASB revenue reporting requirements went into effect on December 15, 2017. That date was in the minds of many accountants because it represents a radical new way of doing things.

The deadline for adoption was pushed back because it was too difficult for companies to adhere to the new revenue recognition standard. The transition from one set of rules to another was proving to be so problematic for enterprises of all sizes without the right revenue recognition software.

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

The Hidden Costs of Quickbooks

If you're like most businesses, you've been using QuickBooks to manage your company's financials.

It's well known. It's easy. It works.

But if your business has moved beyond the entry level, QuickBooks is costing your organization—slowing growth, stalling revenue, and draining productivity. When you need deeper functionality, improved automation, more robust security, tighter internal controls, and greater visibility, it may be time to switch to a new accounting system.

Topics: Blog accounting software intuit Intacct Quickbooks Replacement SaaS software selection White Paper quickbooks Accounting total cost of ownership Awareness

How We Work: Workflow and Networking

In our previous articles on How We Work, we talked about how social media is changing the way we interact and collaborate at work, and we explored the early history of workflow and its challenges. In this third installment, we'd now like to talk about how computers and networking have revolutionized workflow, taking us into the 21st Century, and touching on the advances and challenges of today.

Topics: Blog work flow how we work workflow SaaS client-server Cloud Computing / SaaS Automation and Workflow Software as a service Cloud computing Informational Featured Posts Collaboration Awareness