Sage Intacct was the top recurring billing solution in the SaaS CFO’s Tech Stack Report

For SaaS CFOs, your billing software is many things at once.

It’s a pathway to cash flow stability, a gateway to customer retention through accurate and efficient billing, and the key to scalability as your transaction load increases.

In other words, you really need to trust your invoicing software.

So, we’re thrilled to be able to say that we dominated the recurring billing category of the 6th Annual SaaS CFO’s Tech Stack Report.

We also led in the following categories: core accounting, revenue recognition, close management, and SaaS metrics reporting.

In this post, we’re taking a closer look at Sage Intacct’s recurring billing capabilities.

Why did our software receive such stellar feedback in the Tech Stack Report, and how can it help you win your market?

Here’s what we’ll cover

Sage Intacct’s results in the SaaS billing and invoicing category

The 6th Annual SaaS CFO’s Tech Stack Report had a total of 637 CFOs who responded, and a strong sampling of SaaS companies — American, UK, Canadian, and European organizations were included, along with both venture capital and private equity firms.

We had our competition cut out for us, but Sage Intacct emerged as the top recurring billing solution for high-growth SaaS companies.

Clearly, SaaS finance leaders have no shortage of alternatives to choose from when it comes to SaaS billing. And yet, they reliably chose our solution.

Sage Intacct was specifically built to address the operational and strategic needs of SaaS CFOs, and the data shows that we’re succeeding.

Maximize recurring billing efficiency with Sage Intacct

Managing SaaS recurring billing can quickly get complicated as you scale — especially if you’re exploring usage billing, hybrid billing, or other specialized billing models beyond standard flat-rate pricing.

Sage Intacct can help you:

• utilize 500+ AI-driven billing models — subscription, evergreen, usage, professional services, and more
• free your team up to focus on work that actually moves the needle at your company
• take advantage of profitable hybrid billing models with the help of cloud accounting automation
• stop wasting money on manual billing workflows, and slash unneeded overtime at your company
• integrate and synchronize with the other finance tools in your tech stack for a real-time, unified view of your financial data
• automatically recognize contract revenue at the appropriate time, even for complex SaaS billing models
• leverage subscription management functionality to streamline contract management and simplify your recurring billing

Utilize AI-driven billing models

Manual subscription billing involves tedious calculations and slow processes.

Our subscription billing solution introduces AI to streamline your online processes.

Our subscription, usage, and hybrid models allow you to handle diverse billing scenarios and combine over 500 variations of billing models.

Enjoy tailored models for your business, ensure on-time payments, minimize errors, and free up time for your team to focus on what matters most.

Synchronize with other systems seamlessly

Growing businesses struggle with managing data across multiple systems.

Our subscription billing management software seamlessly integrates with APIs, including Salesforce, Hubspot, Stripe, Chargebee, Ramp, Expensify, Floqast, and many more.

With a real-time, unified view of your customer subscriptions and financial data, your business can streamline workflows, gain valuable insights, and make data-driven decisions easily.

Recurring billing is a crucial ingredient in maximizing both efficiency and profitability.

Tiber Ventures, one of our valued customers, recently discovered that when they used Sage Intacct to overcome their SaaS billing challenges.

Read more: How to build big billing models

Tiber Ventures crushed their billing limitations with our software

Tiber Ventures, a streaming video services operator at the time it implemented Sage Intacct, had previously been using Oracle NetSuite and was far from satisfied.

For one thing, the company had made the strategic decision to reduce its physical footprint and no longer had an operational need for manufacturing, warehousing, and similar considerations.

They needed a billing solution that mapped onto their new strategy.

Additionally, their previous billing software required them to use spreadsheets, which was introducing inefficiencies and opening the door to potential billing errors and lost revenue.

Mark Maney, North American revenue manager at Tiber Ventures, elaborates:

“We have really improved our billing efficiencies with Sage Intacct. We could not generate billing schedules in NetSuite, and we struggled with that. We were creating manual spreadsheets and it just got too difficult to find what could be billed and what couldn’t be.”

After switching to Sage Intacct, Tiber Ventures also found it easier to:

• modify billing schedules
• adjust milestones as needed
• change SaaS billing templates

“It’s relatively easy to shift milestones so bills are produced ahead of schedule or delayed to later with Sage Intacct,” says Mark Szynkowski, who joined Tiber Ventures as its CFO in early 2023. “In NetSuite, it was clunky to get invoices generated when things changed.”

Key takeaways for SaaS CFOs

SaaS CFOs can learn a number of lessons from Sage Intacct’s stellar performance in the most recent Tech Stack Report — and from what we helped Tiber Ventures achieve.

Keep the following things in mind as you scale your organization’s SaaS billing:

• waiting until you’re having operational difficulties to upgrade your billing software can be a costly decision
• make sure your invoicing software offers a wide range of billing models to choose from
• prioritizing revenue recognition automation and ASC 606 compliance is an important extension of SaaS billing

• select your SaaS billing software very carefully, because the decision could impact your long-term profitability
• look for a billing solution that lets you easily modify your approach — the pricing and billing decisions you implement today might not make strategic sense in a year or two
• cloud-based accounting automation will enable you to scale your billing operations without adding to your finance team’s headcount

For SaaS organizations, efficient and accurate subscription billing is the lifeblood of business success.

You could have the best product in the world, with droves of adoring customers that absolutely love what you do — but if you can’t bill them in an accurate and timely way, eventually they’re going to get fed up and wonder what your competitors have to offer instead.

$80B in IPOs on Sage Intacct, start simple, scale big.

For scaling Software and Technology organizations, Sage Intacct transforms your finance operations with AI-powered tools for billing, accounting, compliance, and reporting.

With 500+ billing models, investor-grade reporting 80% faster, and seamless compliance across global operations, Sage Intacct is the #1 AI-enabled finance platform that grows with you. 

Scale smarter, not harder.

Learn how Sage for SaaS and Technology Plans can empower your team with streamlined accounting and automated financial processes designed to scale with your business.

• Subscription billing: Seamlessly managing 500+ subscription, usage, and hybrid billing models while effortlessly mastering revenue recognition.
• Gain real-time visibility: Deliver 200+ investor-ready SaaS reports and forecasts up to 80% faster.
• Start fast, grow faster: Easy setup, leveraging prescriptive best practices, means you can start using the platform quickly, with the flexibility to add more capability as your business expands.
• Integrate seamlessly: Experience the power of having one unified system of record where data is automatically synchronized across all the applications including your CRM, billing systems, and other essential SaaS tools.

Optimize your recurring billing with our best-of-breed accounting AI

For SaaS CFOs, confidence in your recurring billing software is about more than peace of mind.

It’s a strategic imperative that will help you win your market and scale seamlessly along the way.

Sage Intacct makes it easier than ever to bill tens or even hundreds of thousands of SaaS customers, with state-of-the-art accounting AI that eliminates costly and error-prone manual invoicing and other billing workflows.

Want to see for yourself how Sage Intacct streamlines and simplifies recurring billing?

Sign up for a coffee break demo.