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AcctTwo Blog

SaaS Finance: Are You Sitting in a $20,000 Meeting?

Think about the last mismanaged meeting you attended. Who was in the room? How many executives were in it? Did that meeting go long, or turn into two or three meetings? Without question, every meeting needs a clear agenda. A lack of an agenda leads to disorganization, mass confusion, and meetings that are far more likely to get off track or hijacked. A mismanaged meeting leads to a black hole of inefficiencies and wasted salaries. Makes sense, right? Well, a SaaS finance meeting run using Excel as the backbone of your financial platform leads to the exact same challenges.

Topics: finance and accounting outsourcing software companies SaaS Start-Up Startup Guidance

Essential Features of a Modern Accounting System for Software Companies

Embrace Change or Suffer the Consequences

Accounting systems are not something you change or replace very often. However, as your software company grows in size or complexity, prepares to go public, or is already a public company, you will reach a point where manual processes are draining your productivity and you struggle to analyze the growing range of your financial and operating data. You’ll need a better way to handle accounting within your software company. You’ll need to modernize your system.

Topics: Blog accounting software software companies Intacct SaaS Software Evaluation software selection White Paper Software as a service Informational Accounting Consideration