{"id":26244,"date":"2024-11-20T09:57:43","date_gmt":"2024-11-20T14:57:43","guid":{"rendered":"https:\/\/www.sage.com\/en-us\/blog\/?p=26244"},"modified":"2026-01-28T05:22:14","modified_gmt":"2026-01-28T10:22:14","slug":"how-to-stay-a-step-ahead-on-compliance","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-us\/blog\/how-to-stay-a-step-ahead-on-compliance\/","title":{"rendered":"How to stay a step ahead on compliance"},"content":{"rendered":"<header class=\"entry-header has-dark-background-color entry-header--has-illustration entry-header--has-illustration--generic\">\n\t<div class=\"container\">\n\t\t<div class=\"entry-header__row row align-center\">\n\t\t\t<div class=\"col col-lg-7 col-xlg-6 entry-header__content\">\n\t\t\t\t\t\t\t<div class=\"component component-single-header\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"entry-header__misc text--subtitle text--uppercase text--small\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/category\/growth-customers\/\" class=\"entry-header__link\">Growth &amp; Customers<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t<div class=\"entry-title-wrapper\">\n\t\t\t\t\t<h1 class=\"entry-title\">\n\t\t\t\t\t\tHow to stay a step ahead on compliance\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t<p class=\"entry-header__description\">\n\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t<div class=\"single-post-details container\">\n\t\t<div class=\"col\">\n\t\t\t<span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2024-11-20T09:57:43-05:00\">November 20, 2024<\/time><\/span><span class=\"reading-time\"> min read<\/span>\n\t\t<button\n\t\t\ttype=\"button\"\n\t\t\tclass=\"social-share-button button button--icon button--secondary js-social-share-button\"\n\t\t\tdata-share-title=\"How to stay a step ahead on compliance\"\n\t\t\tdata-share-url=\"https:\/\/www.sage.com\/en-us\/blog\/how-to-stay-a-step-ahead-on-compliance\/\"\n\t\t\tdata-share-text=\"Please read this interesting article\"\n\t\t>\n\t\t\t<span class=\"social-share-button__share-label\">Share<\/span>\n\t\t\t<span class=\"social-share-button__copy-label\" hidden>Copy Link<\/span>\n\t\t\t<span class=\"social-share-button__copy-tooltip\" aria-hidden=\"true\" hidden>Copied<\/span>\n\t\t<\/button>\n\n\t\t\t\t<\/div>\n\t<\/div>\n\t<\/header>\n\n\n\n<div class=\"wp-block-post-author has-dark-background-color alignfull\">\n\t<div class=\"container\">\n\t\t<div class=\"col\">\n\t\t\t\t\t\t\t<div class=\"co-authors\">\n\t\t\t\t\t\n\t\t<div class=\"entry-author-wrapper\">\n\t\t\t<a class=\"entry-author\" href=\"https:\/\/www.sage.com\/en-us\/blog\/author\/david-appel\/\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"40\" height=\"40\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/07\/David-Appel-headshot-2023-1.jpg\" class=\"entry-author__image\" alt=\"David headshot\" \/>\t\t\t\t<span class=\"entry-author__name\">David 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\n\n<p>As a SaaS finance leader, if it feels like compliance is always putting obstacles in front of you, you&#8217;re not alone.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.sage.com\/en-us\/blog\/glossary\/what-is-compliance\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Compliance<\/strong><\/a> has morphed into a maze over the years, with each regulatory update adding new twists and turns for companies.<\/p>\n\n\n\n<p>Non-compliance can result in significant financial penalties and even legal consequences, so it&#8217;s crucial for CFOs to be proactive rather than reactive, staying a step ahead at all times. <\/p>\n\n\n\n<p>This is especially the case if your company has IPO aspirations.<\/p>\n\n\n\n<p>In this article, we&#8217;ll be:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Mapping out the compliance maze for you.<\/li>\n\n\n\n<li>Sharing best practices and focus areas.<\/li>\n\n\n\n<li>Exploring how compliance needs change on the path to an IPO.<\/li>\n\n\n\n<li>Explaining how to optimize compliance with enterprise software tools<\/li>\n<\/ul>\n\n\n\n<p>Keep reading if you&#8217;re seeking clarity and confidence as you navigate the compliance maze.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-here-s-what-we-ll-cover\">Here&#8217;s what we&#8217;ll cover<\/h4>\n\n\n<?xml encoding=\"utf-8\" ?><div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><ul><li><a href=\"#h-getting-your-bearings\" data-level=\"2\">Getting your bearings<\/a><\/li><li><a href=\"#h-federal-and-state-regulations\" data-level=\"2\">Federal and state regulations<\/a><\/li><li><a href=\"#h-audit-requirements\" data-level=\"2\">Audit requirements<\/a><\/li><li><a href=\"#h-listing-requirements\" data-level=\"2\">Listing requirements<\/a><\/li><li><a href=\"#h-sarbanes-oxley-act\" data-level=\"2\">Sarbanes-Oxley Act<\/a><\/li><li><a href=\"#h-what-priorities-should-you-focus-on\" data-level=\"2\">What priorities should you focus on?<\/a><\/li><li><a href=\"#h-setting-your-company-up-for-compliance-success\" data-level=\"2\">Setting your company up for compliance success<\/a><\/li><li><a href=\"#h-your-ipo-action-timeline\" data-level=\"2\">Your IPO action timeline<\/a><\/li><li><a href=\"#h-manage-compliance-in-real-time-with-sage-intacct\" data-level=\"2\">Manage compliance in real time with Sage Intacct<\/a><\/li><li><a href=\"#h-pwc-control-insights-for-sage-intacct\" data-level=\"2\">PwC Control Insights for Sage Intacct<\/a><\/li><li><a href=\"#h-learn-the-latest-compliance-best-practices\" data-level=\"2\">Learn the latest compliance best practices<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-getting-your-bearings\"><strong>Getting your bearings<\/strong><\/h2>\n\n\n\n<p>Before we dive into the strategic side of compliance, it&#8217;s important to get the lay of the land. <\/p>\n\n\n\n<p>Below are the main aspects of compliance that SaaS CFOs need to be mindful of. <\/p>\n\n\n\n<p>A slip-up in any of these areas can result in large fines and put you another step behind your goal of unbroken compliance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-federal-and-state-regulations\"><strong>Federal and state regulations<\/strong><\/h2>\n\n\n\n<p>SaaS companies need to adhere to all geographically applicable regulations. These can range from laws governing revenue recognition to those spelling out how SaaS companies can and can&#8217;t use customers&#8217; data.<\/p>\n\n\n\n<p>Below are some examples of federal and state regulations that apply to SaaS companies:<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-asc-606\"><strong>ASC 606<\/strong><\/h4>\n\n\n\n<p>Accounting Standards Codification 606 (ASC 606) mandates a<a href=\"https:\/\/www.sage.com\/en-us\/blog\/5-steps-to-build-your-revenue-recognition-strategy\/\" target=\"_blank\" rel=\"noreferrer noopener\"> <strong>5-step revenue recognition process<\/strong><\/a> for SaaS companies. <\/p>\n\n\n\n<p>The basic idea is that organizations can&#8217;t report revenue from services they haven&#8217;t performed yet, even if those services have already been booked. <\/p>\n\n\n\n<p>Otherwise, companies could inflate their profits to attract investors.&nbsp;<\/p>\n\n\n\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a11e59559dc0&quot;}\" data-wp-interactive=\"core\/image\" data-wp-key=\"6a11e59559dc0\" class=\"wp-block-image size-large wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1058\" height=\"810\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on--click=\"actions.showLightbox\" data-wp-on--load=\"callbacks.setButtonStyles\" data-wp-on-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2024\/11\/Image-1-4-1058x810.jpg\" alt=\"A screenshot of the Sage Intacct Revenue Recognition dashboard.\" class=\"wp-image-26250\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2024\/11\/Image-1-4-1058x810.jpg 1058w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2024\/11\/Image-1-4-768x588.jpg 768w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2024\/11\/Image-1-4.jpg 1416w\" sizes=\"auto, (max-width: 1058px) 100vw, 1058px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-ifrs-15\"><strong>IFRS 15<\/strong><\/h4>\n\n\n\n<p>International Financial Reporting Standard 15 (IFRS 15) governs revenue recognition using many of the same rules as ASC 606, but it applies globally. <\/p>\n\n\n\n<p>There are also minor differences in disclosure requirements and other areas.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-ccpa\"><strong>CCPA<\/strong><\/h4>\n\n\n\n<p>The California Consumer Protection Act of 2018 (CCPA) establishes consumers&#8217; rights and companies&#8217; obligations around collecting personal data in California. <\/p>\n\n\n\n<p>It outlines disclosures that companies have to make to customers about the information they collect, why it&#8217;s necessary, and how they intend to use it.<\/p>\n\n\n\n<p>That&#8217;s just the beginning of the compliance maze, though.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-audit-requirements\"><strong>Audit requirements<\/strong><\/h2>\n\n\n\n<p>You&#8217;ll also need to factor audit requirements and corporate governance into your compliance planning. <\/p>\n\n\n\n<p>Be mindful that SaaS companies have a more complex auditing process than other businesses due to the nuances of operating on a subscription business model.<\/p>\n\n\n\n<p>Cloud accounting software creates an automated audit trail, saving time and money when audit season rolls back around. <\/p>\n\n\n\n<p>Accounting AI also offers detailed drill-down data into every transaction, customer contract adjustment, and deferred revenue waterfall at your company \u2013 all of which are important to the SaaS auditing process.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-listing-requirements\"><strong>Listing requirements<\/strong><\/h2>\n\n\n\n<p>Companies need to meet certain criteria before they can be publicly listed on a stock exchange.<\/p>\n\n\n\n<p>You&#8217;ll need to meet the minimum eligibility standards before your IPO, and then you&#8217;ll be required to uphold another set of ongoing trading standards to avoid being delisted from the exchange.<\/p>\n\n\n\n<p>Different exchanges have unique listing requirements but tend to focus on market capitalization, annual revenue, and share liquidity.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-sarbanes-oxley-act\"><strong>Sarbanes-Oxley Act<\/strong><\/h2>\n\n\n\n<p>The SEC implemented the Sarbanes-Oxley Act (SOX) in 2002 after the Enron scandal shook the public&#8217;s confidence in securities markets. <\/p>\n\n\n\n<p>SOX compliance involves following certain financial reporting standards and putting internal controls in place, such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Employee access control<\/li>\n\n\n\n<li>Electronic audit tracking<\/li>\n\n\n\n<li>Data breach tracking and security<\/li>\n<\/ul>\n\n\n\n<p>To comply with SOX, CFOs need to personally attest to the accuracy and fairness of their organization&#8217;s financial reporting. <\/p>\n\n\n\n<p>CFOs also have to acknowledge personal responsibility over the reporting process, knowing they&#8217;ll be held legally accountable for non-compliance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-priorities-should-you-focus-on\"><strong>What priorities should you focus on?<\/strong><\/h2>\n\n\n\n<p>You can simplify your compliance journey significantly by starting out with the right goals and priorities. <\/p>\n\n\n\n<p>Some of your most critical focus areas should include:<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-governance\"><strong>Governance<\/strong><\/h4>\n\n\n\n<p>Have you established clear roles, responsibilities, and expectations around your company&#8217;s compliance? <\/p>\n\n\n\n<p>Is there a structure in place to monitor compliance progress and performance?<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-risk-assessment\"><strong>Risk assessment<\/strong><\/h4>\n\n\n\n<p>Do you understand the compliance risks in your organization \u2013 financial reporting, fraud, third-party suppliers \u2013 and do you have the right people and technology to deal with these risks?<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-company-culture\"><strong>Company culture<\/strong><\/h4>\n\n\n\n<p>Do you go the extra mile to explain to your employees why compliance is vital and provide them with the appropriate regulatory training?<\/p>\n\n\n\n<p>As much as we wish they would, these things don&#8217;t magically fall into place. <\/p>\n\n\n\n<p>You need to proactively set yourself up for success. Let&#8217;s see what that looks like.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-setting-your-company-up-for-compliance-success\"><strong>Setting your company up for compliance success<\/strong><\/h2>\n\n\n\n<p>Finding your way through the compliance maze is much easier when you have the right tools, people, and expertise in your department. <\/p>\n\n\n\n<p>Making sure that happens will enable your organization to grow in a way that minimizes operational risks. <\/p>\n\n\n\n<p>Otherwise, the larger your company becomes, the harder it will be to manage compliance at scale.<\/p>\n\n\n\n<p>You can set your company up for compliance success by:<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-getting-stakeholders-on-board\"><strong>Getting stakeholders on board<\/strong><\/h4>\n\n\n\n<p>When you get other stakeholders at your company to understand the value of compliance, everyone can rally behind a shared vision. <\/p>\n\n\n\n<p>You&#8217;ll also encounter less stakeholder resistance around investing in compliance tools and automation.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-being-clear-on-the-benefits\"><strong>Being clear on the benefits<\/strong><\/h4>\n\n\n\n<p>The benefits of compliance extend far beyond compliance itself. <\/p>\n\n\n\n<p>You&#8217;re not looking to tick boxes here. You&#8217;re setting up a framework to minimize your company&#8217;s financial and legal risks. <\/p>\n\n\n\n<p>The more you can get stakeholders to understand that, the smoother your compliance journey will likely be.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-getting-started-now\"><strong>Getting started now<\/strong><\/h4>\n\n\n\n<p>When it comes to SaaS compliance, it&#8217;s all about being proactive. <\/p>\n\n\n\n<p>Remember, non-compliance fines add up quickly and can be accompanied by legal trouble.<\/p>\n\n\n\n<p>If you&#8217;re considering an IPO, the stakes are even higher, and the maze gets a few more twists and turns. <\/p>\n\n\n\n<p>Luckily, we&#8217;ve got a roadmap for you.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-your-ipo-action-timeline\"><strong>Your IPO action timeline<\/strong><\/h2>\n\n\n\n<p>As your company approaches the IPO stage, you need to empower yourself and your team to handle the compliance challenges of going public. <\/p>\n\n\n\n<p>Dividing the process of IPO compliance into a 24-month timeline can make it much easier to manage.<\/p>\n\n\n\n<p>Every company&#8217;s IPO journey is unique, so the three phases below will look slightly different for every organization. <\/p>\n\n\n\n<p>But they&#8217;re still a useful roadmap to help you navigate a stressful \u2013 though exciting \u2013 time in your company&#8217;s evolution.&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-mobilize\"><strong>Mobilize<\/strong><\/h4>\n\n\n\n<p>This stage is where roles and responsibilities are assigned and clarified. <\/p>\n\n\n\n<p>You&#8217;ll also scope out your organization&#8217;s overall IPO compliance needs and evaluate your company&#8217;s existing compliance infrastructure. <\/p>\n\n\n\n<p>It occupies the first six months of our 24-month timeline.&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-execute\"><strong>Execute<\/strong><\/h4>\n\n\n\n<p>The execution phase comes next. <\/p>\n\n\n\n<p>It involves documenting your compliance risks and controls, making necessary changes, and taking care of the administrative side of your compliance program. <\/p>\n\n\n\n<p>The execution phase is the longest of the three, occupying twelve months of our IPO timeline.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-embed\"><strong>Embed<\/strong><\/h4>\n\n\n\n<p>The last stage is about making your new compliance program feel like business as usual. <\/p>\n\n\n\n<p>You should emphasize robust employee training, fine-tune your control and compliance frameworks, and continue to monitor your results.<\/p>\n\n\n\n<p>No matter where you are on the IPO timeline, it&#8217;s crucial to equip your department with the right tools to handle the increased compliance demands placed on public companies.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-manage-compliance-in-real-time-with-sage-intacct\"><strong>Manage compliance in real time with Sage Intacct<\/strong><\/h2>\n\n\n\n<p>SOX compliance is crucial for public companies and organizations approaching an IPO. <\/p>\n\n\n\n<p>Leading CFOs are turning to cloud financial management tools equipped with AI to help them stay a step ahead on compliance.&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.sage.com\/en-us\/cp\/demo-google\/?utm_source=GOOGLE&amp;utm_medium=paidsearch&amp;utm_campaign=US%7CGoogle%7CMedium%7CBrand_Intacct\/IntacctGeneral(tCPA-B)NA_MEDINCT_&amp;utm_content=Brand_Intacct\/Intacct+General(B)General\/Medium&amp;utm_term=sage+intacct&amp;gad_source=1&amp;gclid=Cj0KCQjw5ea1BhC6ARIsAEOG5pwNOwMj9QOcikpUMIhI2Di0RNtA1RJp9gz1ygQOiBBvAaqV6IKd-TQaAszhEALw_wcB&amp;gclsrc=aw.ds\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Sage Intacct<\/strong><\/a> has everything you need to manage SOX compliance, including section 302, which regulates corporate responsibility for financial reports. <\/p>\n\n\n\n<p>The software gives CFOs and other stakeholders access to:<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-robust-financial-reporting\"><strong>Robust financial reporting<\/strong><\/h4>\n\n\n\n<p>Sage Intacct delivers detailed income statements, balance sheets, and cash flow reports, along with consolidated reporting and business intelligence reports.<\/p>\n\n\n\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a11e5955df6d&quot;}\" data-wp-interactive=\"core\/image\" data-wp-key=\"6a11e5955df6d\" class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"700\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on--click=\"actions.showLightbox\" data-wp-on--load=\"callbacks.setButtonStyles\" data-wp-on-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2024\/11\/Image-2-4.jpg\" alt=\"A screenshot of the Sage Intacct Role-based CFO dashboard.\" class=\"wp-image-26258\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2024\/11\/Image-2-4.jpg 1024w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2024\/11\/Image-2-4-768x525.jpg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-flexible-ai-powered-revenue-recognition\"><strong>Flexible AI-powered revenue recognition<\/strong><\/h4>\n\n\n\n<p>Automatically create revenue postings at pre-defined intervals that match your customer contracts. <\/p>\n\n\n\n<p>Finance teams can associate revenue recognition with contract records or sales transactions.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-automated-audit-trails\"><strong>Automated audit trails<\/strong><\/h4>\n\n\n\n<p>Maintain unbroken compliance with a 24\/7 audit trail. <\/p>\n\n\n\n<p>Every API call is logged and reported, and you&#8217;ll also have an advanced audit trail for HIPAA compliance.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-role-based-access\"><strong>Role-based access<\/strong><\/h4>\n\n\n\n<p>Users are assigned permission based on their role. User permissions create a firm segregation of duties. <\/p>\n\n\n\n<p>For example, an individual who creates a vendor account will need someone else in the accounting department to authorize payments to that vendor.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Having the right accounting software makes all the difference as you approach an IPO.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-pwc-control-insights-for-sage-intacct\"><strong>PwC Control Insights for Sage Intacct<\/strong><\/h2>\n\n\n\n<p>Sage Intacct also integrates with PwC Control Insights, a cloud-based tool that summarizes the health of your control environment in an intuitive dashboard.<\/p>\n\n\n\n<p>Control Insights seamlessly connects with your company&#8217;s Sage Intacct data to help you:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Gain insights into your financial controls, with prioritized steps for action.<\/li>\n\n\n\n<li>Build the resilience and maturity of your finance function as you scale.<\/li>\n\n\n\n<li>Form the foundation of a compelling equity and investment story.<\/li>\n<\/ul>\n\n\n\n<p>Together, Sage Intacct and PwC Control Insights can keep you compliant at every stage of your IPO journey.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-learn-the-latest-compliance-best-practices\"><strong>Learn the latest compliance best practices<\/strong><\/h2>\n\n\n\n<p>The compliance landscape is constantly shifting for SaaS and tech companies. <\/p>\n\n\n\n<p>That&#8217;s why compliance best practices were a major topic of discussion at the <strong>Modern SaaS Finance Forum<\/strong>. <\/p>\n\n\n\n<p>Hosted by Sage Intacct in June, the full-day digital event was attended by 2,000+ SaaS industry leaders, investors, and experts eager to discuss the latest tools, trends, and best practices.<\/p>\n\n\n\n<p>The conference was divided into twenty-minute sessions, with three different learning tracks for CFOs, RevOps managers, and controllers at SaaS, high-tech, and AI companies. <\/p>\n\n\n\n<p>After receiving phenomenal feedback, we&#8217;ve made the forum sessions digitally available to anyone who wants to listen and learn.<\/p>\n\n\n\n<p>Feel free to download as many as you&#8217;d like. <\/p>\n\n\n\n<p>You can check them out <a href=\"https:\/\/sagesaas.vfairs.com\/\">here.<\/a><\/p>\n\n\n<div class=\"single-cta\">\n\t<div class=\"single-cta__positioner\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Subscribe to our Sage Advice Newsletter<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p>Get our latest business advice delivered directly to your inbox.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-ab515c6e-7e90-4c2f-a67e-113872516e8b\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Subscribe<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"810\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-1073797282-1440x810.jpg\" class=\"single-cta__image\" alt=\"Working from home with tea in hand\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-1073797282-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Are you struggling to stay a step ahead on compliance? Get the latest best practices here. <\/p>\n","protected":false},"author":1433,"featured_media":25665,"menu_order":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sage_video":false,"post_featured_image_hide":false,"sage_hide_published_date":false,"sage_hide_read_time":false,"sage_hide_share_buttons":false,"footnotes":""},"categories":[46,44],"tags":[],"business_type":[41],"lilypad":[],"context":[],"industry":[450],"persona":[100],"imagine_tag":[471,501],"coauthors":[599],"class_list":["post-26244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-growth-customers","category-strategy-legal-operations","business_type-growing-business","industry-software-saas"],"sage_meta":{"region":"en-us","author_name":"David Appel","featured_image":"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2024\/10\/BrandShoot-LND_June2024_Financial-Services_0771-e1732114639734.jpg","imagine_tags":{"471":"SaaS","501":"Subscription Saas David Appel"}},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"Sage Advice US","distributor_original_site_url":"https:\/\/www.sage.com\/en-us\/blog","push-errors":false,"_links":{"self":[{"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/posts\/26244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/users\/1433"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/comments?post=26244"}],"version-history":[{"count":0,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/posts\/26244\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/media\/25665"}],"wp:attachment":[{"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/media?parent=26244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/categories?post=26244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/tags?post=26244"},{"taxonomy":"business_type","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/business_type?post=26244"},{"taxonomy":"lilypad","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/lilypad?post=26244"},{"taxonomy":"context","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/context?post=26244"},{"taxonomy":"industry","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/industry?post=26244"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/persona?post=26244"},{"taxonomy":"imagine_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/imagine_tag?post=26244"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/coauthors?post=26244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}