Financial Operations
Top 5 Must Have FinTech Solutions in 2020
What if I told you that we have 1 full-time finance team member managing revenue operations with over 80 employees and 650+ customers? Yes, you read that right. One person to manage expense reports, commissions, billing and invoicing, cap tables, revenue recognition, deferred revenue and more. But how is that even possible? The answer may…
Read MoreChurn Profiles: Segmenting Your Customer Base The Correct Way
On our recent episode of the Get Funded, Stay Funded Podcast, we discuss this topic with Chief Customer Officer and Co-founder, Clayton Whitfield. In the B2B SaaS / Subscription world, you rarely have a completely homogenous customer base. Churn Profiles are simply the analytical manifestation of the reality that B2B SaaS/Subscription customers will likely churn…
Read More8 Keys for a Successful Financial Audit
For SaaS businesses, audit preparation can be stressful. Here’s how to make it easier
Read MoreGetting Software as a Service (SaaS) Accounting and Financial Operations Right from the Start
By 2020, more than 80 percent of software providers will change their business models from “traditional” perpetual license and maintenance to subscription-based models. A perpetual model requires customers to pay a fee upfront to purchase a license for the system or application, whereas a SaaS model requires a monthly subscription fee. While some providers, such…
Read MoreIs Your SaaS Business Outgrowing QuickBooks? The Alternative Approach to an ERP
Where are you with QuickBooks? QuickBooks wasn’t built for B2B SaaS or subscription-based businesses, but businesses create complicated workarounds to make it viable. That process often looks something like this and leads many to question if an ERP is a necessary move.
Read MoreWhy It’s Better to Scale Your Financial Operations Without Spreadsheets
Sometimes in life, making ends meet is the only option. We’ve all faced situations where doing the thing that is “good enough for now” is the only option. Managing the financial operations of your SaaS business shouldn’t be one of those times. In their early days, most recurring revenue businesses manage financial operations with spreadsheets.…
Read MoreQuestions You Need to Answer about SaaS Reseller and Partner Channel Agreements
As your SaaS business grows, you’re going to expand the various ways you sell and market your product. Tapping into new customers through resellers and channel partners is one option many businesses will choose, but as we see at SaaSOptics, businesses often struggle to define reseller or channel partner arrangements and financial reporting because there…
Read MoreSaaS Revenue Recognition Challenges with QuickBooks (And What You Can Do About It)
QuickBooks is an easy decision for a SaaS startup or SMB. However, subscription-based businesses quickly run into challenges. QuickBooks does many things well, but it doesn’t efficiently manage subscription revenue recognition or subscription billing, especially if you have sales-negotiated behavior in your contracts, which is the heart of financial operations for a SaaS business and is required…
Read More4 Ways Spreadsheets Are Failing Your Recurring Revenue Business
Are your spreadsheets hurting your SaaS business? There are times in life when making ends meet is the only option. We’ve all faced situations where the only option is to take the path of least resistance or do what is “good enough for now.” Managing the financial operations of a recurring revenue or SaaS businesses…
Read More