Fast growth depends on fast decisions using the right information at the right time. That’s a struggle for any company in almost any industry – especially if you are a SaaS company, requiring better financial and operational insights to position for sustainable growth.

While many companies struggle gain such insights, SaaS companies face more challenges, not least of which is operating with metrics reports pulled from disparate applications, with aggregated data living on multiple spreadsheets – all at the mercy of human error. For many software companies, the move to deploy Intacct is a response to the driving requirement to leverage better reporting capabilities and a greater depth of accounting efficiency.

Trending: Cloud Love: 5 Ways Salesforce is Better with Intacct

Why? Tech-savvy CFOs and controllers at fast-growing software companies are pushing to automate complex financial processes and subscription billing, as well as gain in-depth insight to improve performance and support fast growth. After all, dynamic SaaS businesses require of-the-moment metrics to support making faster decisions with key, real-time metrics, gaining actionable insights from trends and details viewable by key business drivers, eliminating manual effort and the risk of inaccuracies through automation and capturing unique outcomes by tailoring SaaS metrics to specific business processes.

eBook: Best Practices for Choosing the Right Accounting Software

Good News! Intacct addresses the needs of SaaS businesses in a few key ways!

1. Digital Board Book for SaaS Metrics: Fast growth depends on fast decisions using with the right information at the right time. That’s a struggle in almost any industry. But if you are a SaaS company, you’ll need both financial and operational insights. With Intacct’s Digital Board Book, you can easily capture and instantly access the detailed metrics you need, right when you need them.
2. Subscription Billing: Built on the Salesforce platform and created to capitalize on Intacct’s best-in-class revenue management capabilities, Intacct Subscription Billing streamlines your complete subscription lifecycle. Immediately make your accounting and sales teams more efficient by automating billing, subscription changes, and revenue recognition.
3. Tackling Complex Customer Contracts and Revenue Accounting: Fast-growing businesses choose Intacct to automate subscription management and complex revenue accounting, while delivering deep insights into financial and operational outcomes. Templates and schedules in Intacct automatically allocate revenue and amortize expenses for you, even as subscriptions and contracts change. Dual treatment of contracts according to both ASC 605 and ASC 606 provides immediate visibility into how the upcoming guideline changes affect company financials.
4. Integration with Salesforce CRM: Intacct’s contract revenue management lets you integrate with Salesforce for a seamless, bi-directional flow of order, customer, and contract data to save time and reduce errors from manual processes – you can streamline subscription and recurring revenue management for real-time updates. With native connectivity to Salesforce, Intacct’s financial management solution gives a full view of each customer for faster sales cycles, improved customer service, and more timely reporting. For SaaS businesses, this enables sales teams to turn opportunities into orders with a single click, verify pricing in real time, and more. SaaS firms can also automatically trigger invoicing, subscription billing, and revenue recognition when a sale is completed in Salesforce, for a fully automated order-to-cash process.

Trending: Are Millennial Views Reshaping ERP?

The Intacct experts at CompuData have worked with hundreds of SaaS companies and subscription-based businesses to leverage Intacct solutions for better business analytics and financial management. Get ready to position your company for fast growth – start an Intacct Free Trial today!

Contact CompuData today to get started!