Scale from early-stage to IPO, with 500+ usage, hybrid, and recurring billing scenarios, creating 200+ SaaS metrics and forecasts, for investor grade reporting.
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Sage Intacct has given us the ability to better forecast the business and focus on a go-forward strategy, rather than ‘here and now.’ I couldn’t have done that with NetSuite.
Most finance teams spend 80 % of their time doing manual transaction support, and only 20 % of their time on strategic planning. The best SaaS operational finance teams chose Sage Intacct to shift that to 80 % strategic, and 20 % transactional. We have engineered our platform to eliminate manual, tedious processes that burn through weeks of work each month, such as manual entry of orders out of Salesforce.com and exceptions to contract revenue recognition and billing. We then provide access to the necessary real-time SaaS metrics, financial dashboards, and tools to enable strategic analysis, forecasting, and scenario planning that allow CFOs to recommend new initiatives that grow revenue, reduce churn, improve efficiency of customer acquisition, direct product development that delights customers, adjusts pricing to maximize customer acquisition and profitability, and deliver the churn, cash-flow, CMRR, and other metrics with confidence to impress investors and secure new funding.
Order-entry-only suites don’t allow you to manage SaaS revenue recognition, billing, or SaaS metrics. And subscription-billing-only solutions don’t allow you to track expenses, see cash flow, or forecast scenario planning for the company.
Controller - automate billing, revenue, and expenses to close with controls.
CFO - know the strategic levers to be the business model architect.
Revenue Manager - create deferred revenue reporting.
Billing Manager - automate invoicing and collections.
FP&A - create forecasts and budgets/actuals for team to manage cash-flow and growth.
SalesOps - integrate the quote to billing to speed quote-to-cash.
RevOps - create billing and pricing scenarios, with metrics to track.
CEO - know the cash, billing, and SaaS metrics position of the company to make strategic moves.
Jobvite (a leading HR recruiting software (SaaS) company founded in Silicon Valley) is leading the next wave of recruitment innovation. They were challenged using NetSuite with manually entering and reconciling orders, upsells, and renewals to the original order and missing revenue and delaying reporting, which affected cash flow and growth.
When they needed to become ASC 606 compliant, they chose Sage Intacct Contracts, replacing NetSuite.
With Sage Intacct, Jobvite:
This helped them shift effort from 80% bookkeeping and transactional focus to 80% analytics and business.