Sage Intacct for SaaS Software
Subscription revenue management software: Sage Intacct for the SaaS sector
Sage Intacct is a best-in-class cloud-based software for total financial visibility. We know that the Software as a Service (SaaS) industry relies on efficient processes and data security. That’s why, for businesses operating on a SaaS model, Sage Intacct is the ideal accounting software solution.
Sage Intacct is a flexible and configurable finance management platform built on a true cloud foundation. It allows businesses across the SaaS sector to streamline, automate and accelerate their processes.
If your software as a service business is ready to reach new levels of success, here’s how Intacct can help:
- A 99% reduction in order-to-bill time
- 100x ROI capital
- Increased cash flow of up to 20%
Sage Intacct for SaaS sector growth
Software as a service accounting is bound by the ASC revenue recognition standard.
The new ASC 606 revenue recognition standard went into effect in 2018 for public companies and 2019 for private companies. Sage Intacct offers the only ASC 606 cloud accounting and billing solution – from quote to financial forecast.
- With a Salesforce CPQ integration, finance teams can:
- Reduce quote-to-cash processing time by around 60%
- Improve the financial close by 79%
- Increase operational cash flow by up to 20%
- Grow by 400% without seeking additional finance headcount
- Improve forecast revenue variances – reduce to less than 10%.
To learn more about how Sage Intacct supports revenue compliance for SaaS products, speak to a member of our team. Or read about additional Sage Intacct Modules designed specifically for revenue recognition.
Expect cash flow improvements of up to 20%
Offer your customers a world-class customer experience that builds loyalty and drives growth. With integration across Sage Intacct and Salesforce CPQ, you can be sure that customer data flows seamlessly from quotes or contracts. Sales and Finance departments can share relevant information and metrics, making room for better billing and greater customer service.
Sage Intacct for the SaaS sector provides a unique solution for ambitious businesses. With financial data management taken care of, you could see your DSO decrease by up to 30%. As a result, you’ll have more cash flow to invest in people and acquisitions.
Prove your business model with SaaS metrics
With an eye on your next round of investments, Sage Intacct’s dedicated SaaS metrics dashboards provide reports on critical KPIs. Keep an eye on CMRR, CLTV, CAC, customer and gross churn, all in one place. With a unique subscription revenue management software, Sage Intacct for software as a service (SaaS) companies allows you to tag unlimited dimensions on your journal entries.
These additional entries will enable calculations for real-time SaaS dashboards. With this functionality, you will easily be able to:
- View expanded EBITDA with PE funded firms
- Prove revenue models with early-stage firms
- Prove net renewal models with growth stage firms.
If you’re still not sure, take a look at our insights blog on the reasons to migrate from Sage 50 to Sage Intacct.
Benefit from one source of truth with Sage Intacct
Proving itself as the best accounting software for SaaS companies, Sage Intacct lets you cut your close time by up to 79%. Offering automation of a single revenue stream throughout the customer lifecycle, Intacct can save you hours of calculations. What’s more, compared to traditional software solutions, Intacct offers improved accuracy and compliance.
Embrace subscription billing agility
Automatic agile billing, which is cleverly driven from your contracts, allows you to deliver more value to your customers. Whilst Sage Intacct handles performance obligations, you can capitalise on new opportunities as they arise.
Sage Intacct for the SaaS sector gives you the ability to iterate your pricing at speed so you can achieve:
- CMRR increases by up to 30% with new billing models
- Add-on sale and CLTV increases of up to 15%
- Churn reduction of up to 2%.
Gain clarity with dedicated SaaS accounting models
We know that accounting software for SaaS companies needs to do more than just recognise revenue. That’s why Sage Intacct supports business growth above all. From its cloud service foundation to its specific subscription model options, Intacct is ideal for SaaS application providers.
Grow your SaaS business with Sage Intacct and dedicated accounting modules made just for software as a service (SaaS) companies . Benefit from automation, greater transparency and additional control, when compared to alternative solutions like Quickbooks online .
The best modules for software as a service accounting are:
- Subscription and contract billing
- SaaS metrics and digital board book
- Revenue recognition
Take a closer look at Sage Intacct’s additional modules, that set Sage apart as the best accounting and financial management software for SaaS companies.
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Ready to embrace Sage Intacct for your software as a service company?
Our expert team at Thinc are ready to help you update your financial software. If you think it’s time to accelerate your software as a service (SaaS) company, speak to our consultants about an end-to-end implementation of Sage Intacct.
To find out more about Sage Intacct for SaaS businesses, get in touch with our team.
Or get to know the Core Financial elements that make Sage Intacct ideal for SaaS solution providers.