Meet Sage Intacct SaaS Intelligence
Subscription models have become one of the biggest trends in business and for good reason. Research shows that subscription businesses achieve five times faster revenue growth than the S&P 500 stock market index.
Sage Intacct SaaS Intelligence
If you’re running a Software as a Service (SaaS) company or considering moving your traditional business to a subscription-based model, you know that managing a recurring revenue stream is much different than “traditional” accounting. Sage Intacct is an ideal accounting solution for SaaS and subscription companies, in part due to the availability of Sage Intacct SaaS Intelligence. What is Sage Intacct SaaS Intelligence, and how can it help your organization?
A Dashboard to Drive Results
Sage Intacct SaaS Intelligence is a prebuilt, configurable dashboard that delivers instant insights to guide your business decisions and demonstrate success to your investors and stakeholders. The SaaS metrics available on the platform—Monthly Recurring Revenue (MRR), Churn, Renewal, Customer Acquisition Cost (CAC), and more—are automatically calculated in real time as sales transactions occur.
Providing executives and financial professionals with real-time access to subscription and revenue metrics allows them to quickly identify trends, spot challenges, and act on opportunities.
The SaaS Metrics That Matter
SaaS companies can (and should) use many metrics to assess their businesses’ health and better understand what’s working and what’s not. Sage Intacct SaaS Intelligence brings together the ones that matter most in a single, data-packed dashboard. Six of the most common metrics included are:
- Committed Annual Recurring Revenue (CARR): The subscription recurring revenue that your cloud business earns. Divide by 12 to get Committed Monthly Recurring Revenue (CMRR).
- Customer Acquisition Cost (CAC): All sales and marketing costs to close a new customer.
- Churn: The percent of customers that unsubscribe or do not renew their subscription.
- Customer Lifetime Value (CLTV): The net profit received throughout your relationship with a customer.
- Cash Flow: The cash remaining after paying operation and capital expenditures.
- Customer Count: Trend-lining this figure will help you see growth and churn.
The calculations presented on the SaaS Intelligence dashboard automatically identify different SaaS metrics scenarios to accurately represent your client subscription activity and the impact on Annual Recurring Revenue (ARR) or Committed Monthly Recurring Revenue (CMRR). In addition, the intelligent engine powering the application distinguishes between different factors driving changes in CMRR, removing the need for manual intervention and spreadsheet analysis, giving your finance teams accurate, updated information at a glance.
And when you need more than a glance, you can drill down into the source data that makes up each metric to fully understand your performance.
Every Company Is a Software Company
Microsoft’s CEO, Satya Nadella, said (back in 2019), “Every company is a software company.” Four years later, his words are even more prescient. Increasingly, traditional companies realize that to compete and grow in a digital world, they must look, think, and act like software companies themselves.
For these forward-thinking, growth-minded companies, there’s Sage Intacct and Sage Intacct SaaS Intelligence. Contact us with your questions or to schedule a demo.