Sage Intacct shines in SaaS accounting: see why we led the SaaS CFO Tech Stack survey

Once again, Sage Intacct led the way in the 6th Annual SaaS CFO’s Tech Stack Report, a yearly survey about the tools that SaaS CFOs are using to win their market.

We came out on top in five key categories for today’s SaaS CFOs:

• core accounting,
• revenue recognition,
• recurring billing,
• close management,
• and SaaS metrics reporting.

We’re taking a closer look at each of those 5 survey categories, because they all matter significantly for SaaS finance leaders.

In this post, we’re kicking things off with core accounting.

Here’s what we’ll cover

Sage Intacct’s results in the core accounting category

In the 6th Annual Tech Stack Report, Sage built on its momentum from previous years.

Once again, Sage Intacct outperformed NetSuite in terms of market share among companies with $5 to $100M in ARR.

We’re extremely grateful to all of our valued customers who made our outstanding performance in this year’s survey possible:

• out of 30 providers in the core accounting category, we were the #1 Mid-Market and Enterprise choice
• we’re preferred by 18% of SaaS CFOs at fast-growing software companies
• our market share is expanding by 6% year/year

Sage Intacct’s unique strengths in SaaS accounting

We believe our results in the SaaS CFO’s Tech Stack Report are more than justified.

Sage Intacct is the only AICPA-preferred accounting solution, after all, and here’s why.

Sage Intacct offers hundreds of different options to streamline SaaS billing

From usage billing to subscription, evergreen, services, and 500+ other billing models, we make SaaS billing truly seamless.

The software makes it possible to assemble SaaS forecasts at the press of a button

Get a strategic edge thanks to real-time SaaS forecasts with variance under 5%.

With Sage Intacct, you’ll have every SaaS metric you can think of right at your fingertips

From ARR and MRR to CLTV, CAC, and more than 200 other vital SaaS metrics, Sage Intacct supplies up-to-the-second business intelligence.

Streamline your payables and receivables with best-in-class AI technology

Automate your approval workflow, schedule automatic vendor payments, improve the health of your cash flow, and more.

Centralize your organization’s data with a single source of truth (SSOT).

Financial data silos can slow every key workflow in your accounting department, from reporting to forecasting, budgeting, and more.

With Sage Intacct, finance leaders have instant access to all their essential data.

Automate, scale, and win with Sage Intacct

For software companies, manual accounting is a drain on resources and an obstacle to growth.

That’s why SaaS CFOs are using Sage Intacct to:

1. Automate

Our software offers finance leaders a best-of-breed AI solution.

Whether you’re finding product-market fit or gearing up for an IPO, Intacct can help you overcome your manual accounting hurdles and automate for efficiency.

2. Scale

Once you’re not tied down by manual accounting workflows, it becomes exponentially easier to scale your organization.

And since Sage Intacct is fully automated, you won’t have to expand your finance team to accommodate growth, keeping costs light.

3. Win

The companies who win their market know the importance of embracing AI rather than continuing with “business as usual.”

OneStream’s recent IPO offers a perfect example.

OneStream launches $80B IPO using Sage Intacct

OneStream, a cloud-based platform to streamline the CFO function, was able to launch an $80B IPO in July with the help of Sage Intacct.

Prior to switching to Sage Intacct, OneStream was struggling with delayed reports and forecasts brought about by an over-reliance on manual accounting.

As they continued to grow, the company had a hard time keeping up with the increase in transaction volume and complexity, in addition to maintaining compliance around ASC 606 and IFRS 15.

Realizing they needed to level up their accounting capabilities, OneStream opted for Sage Intacct.

They knew our advanced accounting AI would give them a solution they could “grow into” over time.

This would provide the capabilities they would need as they spread their vision and products into global markets.

“Sage Intacct gave us the robust financial transactional tools and compliance tools and integration capabilities we needed to prepare for our growth and becoming a public company.”

Pam McIntyre
Corporate Controller and Senior Vice President, OneStream

Key takeaways for SaaS CFOs

What can SaaS CFOs learn from all this?

Here are some important points to keep in mind as you scale your organization:

• it’s never too soon to automate your SaaS accounting workflows
• prioritizing integration will enable SaaS finance leaders to build a flexible and cohesive tech stack
• efficient growth needs to be prepared for and planned for, it doesn’t just happen
• manual accounting is truly costly — in terms of time and cash, but also missed opportunities and achievements in your market
• accounting automation unlocks real-time data, which is the key to being strategically proactiveinstead of always playing catch-up
• AI can offload the stress and financial risks of managing compliance manually, especially as companies begin to scale internationally
• accounting AI enables rapid growth without the need to invest heavily in new hires or other costly resources

$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.

See what sets us apart

Sage Intacct was created specifically to address the unique accounting needs of SaaS companies and CFOs.

The 6th Annual SaaS CFO’s Tech Stack Report showed something interesting that bears this out — as SaaS companies scaled their ARR in the $11M to $50M range, our software was their top choice.

We’re proud of that trust. 

Something we routinely hear from our clients is that, even though our competitors have been in the market a bit longer than us, we have a deeper understanding of both the day-to-day realities and high-level strategic needs of SaaS CFOs.

To get a first-hand look at what Sage Intacct can do for your accounting department, sign up for a coffee break demo.