{"id":21927,"date":"2024-01-25T20:00:00","date_gmt":"2024-01-26T01:00:00","guid":{"rendered":"https:\/\/www.sage.com\/en-us\/blog\/?p=21927"},"modified":"2024-11-26T07:51:16","modified_gmt":"2024-11-26T12:51:16","slug":"sage-intacct-survey-saas-customers","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-us\/blog\/sage-intacct-survey-saas-customers\/","title":{"rendered":"Survey: Sage Intacct Tops NetSuite in Market Share Among SaaS Customers\u00a0"},"content":{"rendered":"
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\n\t\t\t\t\t\t\tTrends & Insights<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t
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\n\t\t\t\t\t\tSurvey: Sage Intacct Tops NetSuite in Market Share Among SaaS Customers\u00a0\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t

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\n\t\t\t\n\t\t\t\t\"David\t\t\t\tDavid Appel<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n

Sage Intacct is the number one financial management solution for fast-growing SaaS companies that have upgraded from, or entirely avoided, entry level solutions such as QuickBooks and Xero. <\/p>\n\n\n\n

That\u2019s according to a new independent survey. <\/p>\n\n\n\n

The 5th<\/sup> Annual Tech Stack Survey from The SaaS CFO,<\/a> a consultancy headed by industry expert Ben Murray, reveals that Sage Intacct has 17% market share for core accounting among 535 SaaS companies.  <\/p>\n\n\n\n

That\u2019s ahead of competing midrange solutions such as Oracle NetSuite and Microsoft Dynamics.  <\/p>\n\n\n\n

It also builds upon Sage Intacct\u2019s market share leadership in previous surveys<\/a>. <\/p>\n\n\n\n

QuickBooks remains the dominant application with 31% market share \u2014 yet its sweet spot is smaller companies with $10m or less in annual revenue.  <\/p>\n\n\n\n

For the next generation of growing companies with revenue of $11m to $50m, Sage Intacct is the market share leader. <\/p>\n\n\n\n

To compare Sage Intacct and NetSuite head-to-head, The SaaS CFO data shows Sage Intacct with higher market share than NetSuite among this cohort of scaling companies with revenue from $1m to $50m, comprising 61% of survey respondents.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Market Leadership in AI, Invoicing, Rev Rec<\/strong> <\/h2>\n\n\n\n

As the head of the SaaS\/software vertical at Sage Intacct, we\u2019re highly gratified that these results align with what we often hear from SaaS customers: \u201cWhile NetSuite may have been around longer, Sage Intacct has the better solution for SaaS companies.\u201d <\/p>\n\n\n\n

A key reason: Sage Intacct offers the most complete financial platform for SaaS companies, leveraging artificial intelligence (AI).  <\/p>\n\n\n\n

Beyond core accounting, we deliver essential functionality such as usage billing, invoicing, revenue recognition, close management, SaaS metrics reporting, AP automation, and payroll.  <\/p>\n\n\n\n

Regarding AI, what we routinely hear is the finance leaders want to make smarter, faster decisions that are not just better informed, but forward-looking, giving you the edge.  <\/p>\n\n\n\n

For that reason, Sage AI not only automates routine tasks such as invoice processing<\/a> to boost productivity.  <\/p>\n\n\n\n

It also provides a dynamic, up-to-the-second view of your business performance, and sifts through your data mountain to uncover patterns, transforming them into valuable insights that unlock actionable options at your fingertips. <\/p>\n\n\n\n

To that point, as The SaaS CFO chart below shows, our invoicing software holds a strong 13% market share, just behind QuickBooks and ahead of NetSuite.  <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Many Sage Intacct customers use invoicing in tandem with our revenue recognition solution to eliminate manual work, streamline order-to-cash, comply with ASC 606, and generate data for SaaS metrics reporting.  <\/p>\n\n\n\n

That makes us the number one dedicated rev rec solution, though 39% of companies surveyed labor ahead with spreadsheets. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

For companies that prefer a best-of-breed approach to building their tech stack, the Sage Intacct Marketplace<\/a> offers a wide range of options from trusted Sage Intacct partners that can be readily integrated through our straightforward API. <\/p>\n\n\n\n

Sage Intacct partners or integrate with many other products in The SaaS CFO survey, such as:  <\/p>\n\n\n\n