Discover why Sage Intacct is #1 in B2B growth stage saas accounting software
Integrating quote-to-cash often results in a DSO decrease up to 30%, freeing up cash-flow to invest in hiring and acquisitions.
Cut order-to-bill processing time by 50%;
Reduced deferred A/R balance by 33% and trimmed DSO by 10%;
Increased operational cash by 10% while cash forecast variances dropped 80%;
Learn how Acquia uses Sage Intacct reporting to make better decisions, increasing customer lifetime value (LTV) and reducing churn.
Read case study.
When it comes to revenue recognition, finance executives at fast-growth SaaS and subscription companies face many challenges. There are complexities regarding revenue and billing models, how well-aligned sales and finance are on deal terms, and collaboration is critical, especially in this unpredictable environment. Leverage the #1 revenue management platform:
MEA and complex multi-revenue stream revenue recognition.
Forecast deferred and recognized across unbilled, billed, and paid.
Manage both ASC 605 and 606 and IFRS 15 internationally.
Expanding to multiple geographies or adding entities requires visibility across the entire business, with financial transparency. RapidRatings, a top NYC fintech SaaS firm, was able to:
Reduce DSO by 20%.
Predict cash flow out 18 months.
Shorten their financial close by more than 40%.
By moving off of QuickBooks, learn how RapidRatings automates critical workflows through Sage Intacct’s contracts billing and revenue management capabilities.
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With Sage Intacct subscription billing software, you’ll have accurate quote-to-cash, dependable revenue recognition and the right SaaS metrics so you can sleep at night.
Sage Intacct helped us reduce time to invoice by 99%, cut the monthly close by 40%, boosted gross margins 10%, and supported raising a $25M funding round.
Once upon a time ... Nasuni, the leading provider of Cloud File Services, was planning fund-raising to fuel their incredible growth, ...
and every day ... the finance team had to manually enter orders into Quickbooks, manually do billing, and manually calculate revenue recognition in spreadsheets, ...
until one day ... they had product/market fit, added European entities, wanted to be ASC 606 compliant, and wanted to increase the depth of financial reporting for fundraising,
... and because of that ... they hired a new Controller and Head of Revenue Operations, who chose Sage Intacct, over NetSuite, due to its native integration with Salesforce.com, ability to manage subscription Contracts instead of orders, and success in using it at previous companies
... and since that day ...
Integrated Salesforce CPQ with their financial system, synching the item catalog so that billing and revenue recognition are streamlined upon order entry, reducing an order entry process that took 2 days down to 15 minutes Push data from Sage Intacct back into Salesforce.com for reporting on ACV and Churn Have the ability to see a customer, and track performance obligations, across the entire subscription, instead of individual orders that needed to be manually tracked previously Able to track usage back to the subscription and built new pricing tiers to match actual usage, bringing maximum value to customers, and avoiding missed billing for overages, Created a financial system of record integrated with Salesforce and Adaptive Insights, ...
until finally ...
Built a new Revenue Operations team to help Sales best plan MEA bundling and discounting to ensure maximum CLTV and revenue Reduced time to invoice to taking 1% as long as it did previously
Expanded to 3 international entities
Became ASC 606 compliant
Cut the close 40% and have a monthly reporting package with trend and revenue analysis to the executive team for data-driven decisions, leading to increasing gross margins 10%
Raised a $25M round of fundraising to invest in growing product lines, customer success, and international expansion
Built the ability to forecast future billings and cash-flow so they accelerated the launch of a new suite of Cloud File Services, that has increased ACV ...
and the moral of the story is ...
“With the integration of Salesforce CPQ and Sage Intacct, we have a complete view of our customer. The biggest benefits have been a clean audit and the ability to report and predict on revenue and our growth.”
- Elizabeth Ingham, Revenue Manager, Nasuni
Ready to learn more about what Sage Intacct can do for your business? We are, too. Our product experts are here to guide you every step of the way.