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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

What Do I Need to Raise Capital?

Raising capital is one of the hardest things a founder can do and it will consume a significant amount of your time. 

Given what we are experiencing with COVID-19, it is even more challenging. Interestingly, today “the biggest change lies in not the money itself, but the appetite for uncertainty. Most investors are going to be more cautious currently, which will require some form of uncertainty premium as a part of the terms. One way to ensure that you can raise money confidently in this time is to get intimately familiar with cash flow on a day-to-day, week-to-week basis.” 

Topics: Business Intelligence / Analytics mid-sized business venture capital Start-Up Startup Guidance

Are Your Reports Investor Worthy?

To quote Wayne’s World, “We're not worthy!”, is how most startups feel when reporting to investors, or potential investors, with their outdated Excel sheets riddled with manual errors. You started your startup on the core belief that your product or service is game changing, and you want the world to know it. But the minute you get in front of an investor you start to second guess yourself and your numbers.

Topics: Business Intelligence / Analytics SaaS Financial Reporting analytics business intelligence Financial Analysis, Ratios and KPIs Dashboards Start-Up Accounting SaaS Startup Guidance Investor Reporting

The Extend Your Runway Series

We are excited to announce The Extend Your Runway series. The Extend Your Runway series is a webinar event that will be led and moderated by Marcus Wagner. Marcus is the founder and CEO of AcctTwo, a services and technology company delivering the Future of Finance and Accounting to nearly 1,000 organizations throughout the country.

Topics: SaaS small business Start-Up Accounting SaaS The Future of Finance and Accounting Startup Guidance

Startups are Starting to Pay More Attention to Financials

Does your startups have its books in order?There is a reason it's called "angel" investment. Startups depend on venture capitalists to take a risk on something untested and unproven, make an investment based on promise and potential, and throw their weight behind companies that have yet to find their stride. But what is important to realize is that angel investors are gamblers, but they are not stupid.

Topics: venture capital Start-Up