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AcctTwo Blog

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

From Crisis to Prosperity: A Digital Transformation Case Study

The pandemic has changed the way we all live and work. I speak to customers everyday that are living and working through the pandemic. When AvidXchange came to us with their newest quarterly report "From Crisis to Prosperity: Experts Predict Financial Industry's Path Forward", it resonated on many levels. The report features forward-looking articles that formulate a digital transformation case study from industry experts that focus on how to rebuild for growth in the months ahead. They feature articles from:

Topics: business intelligence Software and Technology Industry Disaster Recovery General

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

AcctTwo Customer, Sailpoint, Announces Cloud Adoption Survey Results

As a provider of cloud-based SaaS ERP solutions as well as Business-Process-as-a-Service solutions on the Intacct cloud platform, it always interests us to learn more about trends in cloud adoption among companies and nonprofits of all sizes. So it was especially interesting when one of our customers, Sailpoint, published some results of a survey of 100 of their customers at the Gartner IAM Summit about their plans for cloud adoption.

Topics: Software Industry Software and Technology Industry cloud adoption

Software CEO / CFO Outlook 2015

The fourth annual Software CFO/CEO Outlook Report is out for 2015. From a high level overview of industry trends to drilled-down views of specific concerns and tactics sliced by company size, the study by Sand Hill Group's CEO M.R. Rangaswami is an invaluable tool for any company in the software and technology industry. The report describes two major themes in the survey data:

Topics: Blog White Paper Software and Technology Industry Awareness

3 Key Benefits of Reducing Spreadsheets in Finance

More great content from Intacct's View from the Cloud Blog:

The results are in - it's time to replace spreadsheets with software designed for and devoted to finance activities.

Spreadsheets have their uses for personal productivity and ad hoc analyses, but they can also become a barrier to effective finance processes for growing midsize companies when used inappropriately.
Topics: Blog View from the Cloud Intacct Revenue Recognition Software and Technology Industry Awareness

New FASB/IASB Revenue Recognition Standards: Where do you start?!

Scouring the web, there's a lot of information out there about the new FASB/IASB Revenue Recognition Standards, also known as Topic ASC 606, published in May of last year. This new standard will have great impact on software, and particularly Software-as-a-Service (SaaS), companies' accounting practices and business processes.

Topics: Blog Audit and Internal Controls Revenue Recognition Featured Posts Software and Technology Industry Awareness

Software Companies are Pulled in Two Directions, Study Shows

Transformation Required

The software industry is in an era of explosive growth. This 2014 study of CEO / CFOs’ outlook from the SandHill Group reveals that 29 percent say their planned revenue growth over the next 12 months is 50 percent or higher; and within that group, 17 percent believe their revenue growth will increase by 100 percent or more. One CEO commented that his company has grown “twice as much” every year for the past three years.

Topics: Blog White Paper Featured Posts Software and Technology Industry Awareness

Software CEO/CFO Survey: Analytics and Social Driving Increased Revenue Growth

It's long been recognized the software industry as a whole is in a period of growth. Much of this progression can be attributed to the rapid adoption of cloud computing and SaaS models that allow users a more seamless integration process, lowered initial costs, and a painless upgrade experience.
Topics: Blog management reporting View from the Cloud Intacct Business Intelligence / Analytics Financial Reporting Cloud Computing / SaaS Financial Analysis, Ratios and KPIs Software and Technology Industry Awareness

SaaS Benchmarks – The Devil is in the Details

This is part of an ongoing series of guest posts from Lauren Kelley, CEO and founder of OPEXEngine, sharing some of her insights around benchmarks for software and SaaS companies. View her first post here.

Tracking performance metrics like monthly recurring revenues (MRR) and contracted monthly recurring revenues (CMRR), customer acquisition costs (CAC), renewal or churn rates, and customer lifetime value rate (CLV) is critical for driving growth at successful SaaS companies.

Topics: Blog management reporting View from the Cloud Intacct Business Intelligence / Analytics Financial Reporting Financial Analysis, Ratios and KPIs Featured Posts Software and Technology Industry Awareness