Are you trying to support and scale your subscription-based business model using an accounting or ERP system that’s based on more traditional metrics? The problem is that order-centric financials don’t work for a subscription business.
SaaS companies face unique challenges, including the complexities of subscription-based contracts and revenue streams, different billing requirements for user-based versus usage-based contracts, and the need to manage the customer relationship across the entire subscription life cycle. Many legacy systems were built to support businesses focused on products rather than services and can’t provide some of the critical metrics every SaaS company needs to know, such as churn, customer lifetime value, customer acquisition cost, and annual or monthly recurring revenue.
Automating your financials with a cloud-based ERP solution like Sage Intacct can give you the real-time visibility you need to manage the entire financial process – from quote to cash to financial forecasts. Our focus on the SaaS micro-vertical means that Sage Intacct is tailored to your unique needs. Take advantage of industry-specific capabilities that reduce manual processes, improve efficiency, and increase productivity.
Ready to make the move to Sage Intacct? Call MicroAccounting today at 855-876-3773.