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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SaaS Revenue Recognition Challenges with QuickBooks (& What You Can Do About Them) The relationship status of SaaS revenue recognition and Quickbooks accounting software? It’s complicated.  Revenue recognition on its own is incredibly complex, due in part to stringent rules and guidelines established by standards boards and regulatory agencies. Things only get more complicated from…

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When Gidi Fisher joined QA test automation company Testim in 2018 as Director of Finance & Operations, he had a tall task at hand: untangle the complicated jumble of spreadsheets where his predecessors had managed financial operations and position Testim for long-term FinOps scalability. Upon joining Testim, Fisher’s first task was to research subscription management…

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Cash to accrual accounting

When you’re a small SaaS business with very few customers, cash-based accounting makes sense. It allows you to keep things simple and gives you a more accurate overview of  your cash position, which is pivotal for small businesses where every dollar counts. However, as you grow, a variety of factors contribute to your need to…

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Introduction There are too many abbreviations and acronyms out there. This is true across all industries, but it’s especially true in the SaaS world. While it can certainly seem daunting to keep up with the never ending iterations of job titles and organizational frameworks, some are actually worth taking the time to familiarize yourself with.…

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What is FinOps?

What is FinOps? Financial operations, or FinOps for short, is the intersection of people, process, and technology as it relates to managing the financial operations of a business. For SaaS companies specifically, this holistic approach to financial management allows for you to be flexible in your operations while also solving critical needs with a thorough…

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FinOps University

If you’re like most B2B SaaS employees, you’re likely still housebound and trying to make the best of your WFH setup.  While many have spent their newfound down time trying their hand at new hobbies, like baking and binge-watching Netflix’s Tiger King, others are brushing up on their professional skills with organizations like Adobe practically…

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