3 Practical Ways to Adopt ASC 606  If it feels like you see the term “ASC 606,” everywhere you look, it’s probably because you do.  The clock is ticking for private companies as the FASB has mandated that 606 must be adopted by December 15, 2020, to maintain GAAP/IFRS-15 compliance. Depending on your business processes,…

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Revenue Modeling for a Subscription vs. Non-Subscription Businesses  Revenue modeling. It’s the most difficult aspect of financial planning, especially for startups that don’t have historical data to extrapolate future revenues. If you’re new to SaaS, you may be wondering what the differences are between revenue modeling for subscription businesses as opposed to non-subscription companies. This…

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SaaS Due Diligence: Spotlight on Financial Data & Metrics SaaS due diligence: the process every finance department loves to hate. On the one hand, it’s a tedious undertaking. But on the other, nailing it means protecting your company’s valuation, and depending on your equity stake in the company, putting money directly in your pocket. Who…

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Bizzabo Streamlines Order to Cash Process with Subscription Management Built for B2B SaaS When event planning software company Bizzabo started to grow, then Business Application Manager Sarah Borrmann knew that managing their financial operations, (particularly their order to cash process) in spreadsheets was no longer going to cut it. “We were manually emailing customers to…

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Where Do You Fall on the Financial Operations or “FinOps” Maturity Curve?  From founders’ scuttles to running out of money, there are a plethora of challenges you might encounter when embarking on a new business venture. Financial Operations, or “FinOps,” challenges are among the most common and the most impactful. So impactful that there’s tons…

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5 SaaS Metrics You’re Calculating Incorrectly  SaaS metrics: the performance indicators that startups love to hate. Whether you’re the CEO or an analyst at your company, SaaS metrics play a huge role in your day to day. But why are they so important? And what are the hidden costs of getting them wrong? In contrast…

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BCV Navigates Funding Rounds, Acquisition with SaaSOptics  After joining social media management company BCV as a corporate Controller in 2015, Kristy Britt saw the company through multiple funding rounds, her appointment to CFO in 2018, and ultimately, an acquisition by RateGain in 2019.  Prior to Britt’s arrival, BCV outsourced to an external CFO who was…

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Got Downtime During Covid-19? Take a Deep Dive Into Your Data With a Churn Analysis  There’s no way around it: COVID-19 has changed how we live, work, and interact with others. It has also changed how many companies do business, requiring executives to re-examine strategies across the board and forcing teams to adapt to remote…

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