As you manage your software or technology company, Sage Intacct can meet your business’s needs today and in the future. The cloud-based financial system is scalable, meaning Sage Intacct can grow with your company, no matter how quickly it expands. You’re not limited by location or by the number of entities you manage.
How can Sage Intacct help?
Overall, automated processes in Sage Intacct can save your company time by eliminating dependence on spreadsheets and manual calculations and shortening monthly close times. Improving your revenue management can increase your cash flow, a key component of growth. Sage Intacct is also set up to help your company meet regulatory requirements for ASC 606 revenue recognition.
Here are five ways Sage Intacct can support the success of your software and technology company:
- Digital Board Book, complete with key metrics
For SaaS and subscription companies, Intacct offers the Digital Board Book to help build and track growth. The Digital Board Book is a pre-built dashboard that provides the most useful market metrics for technology companies. All metrics are shown in real-time. You can look at net change, upsells, renewals, revenue churn, and customer churn. Other metrics include customer acquisition cost (CAC) and customer lifetime value, as well as monthly recurring revenue and annual recurring revenue.
- Graphic reports and dashboards (to share with investors!)
Visual representation of the data available in Intacct makes metrics easier to understand. You can use Intacct to easily prepare reports for stakeholders and board meetings. Your company can even give Intacct access to its investors and allow them to see dashboards that illustrate how your business model is actually working. You can share dashboards that represent key benchmarks related to funding state, growth rate, and billing model. Saving hours on reporting can also give you more time to focus on growth.
- Dimensions that add depth to reports
As you track key metrics, you can use Intacct Dimensions to build custom dashboards that show what matters most to your company. You can analyze the numbers by customer, location, department, class, project, employee, and more. As you input transactions and operational data into Intacct, you can tag them with the dimensions of your choice.
After you create a custom dimension, it can be used anywhere, from the general ledger and fixed assets to accounts payable and accounts receivable. When you create reports, you can use dimensions to filter, group, and organize your data, giving you the insights you need to help accelerate decision-making and growth.
- Easy integrations with third-party solutions
Built-in integrations with third-party solutions allow your company to sync with Sage Intacct for increased productivity. You can simply connect the third-party system to Intacct and you’re ready to get started, instead of waiting for a time-consuming custom integration to be completed.
Taking advantage of the integration between Intacct and Salesforce, an industry-leading cloud-based CRM, can help your company prepare for successful expansion. Since information is shared between the two, your salespeople and accounting team share a common view of contacts, accounts, products, pricing, orders, contracts, billing, and payments. Companies using both systems can optimize their order-to-cash process, as Salesforce quotes are easily converted into Intacct orders.
- Subscription-based billing
Intacct’s subscription and contract billing is a smarter way to manage payments. Built-in tiered pricing and usage-based billing can be adapted for your company. You can bill across regular periods or use milestones, while automatically recognizing revenue. When you sync Intacct and Salesforce, you can keep billing templates and subscription schedules in Intacct and make sure that customer information and contact details are up-to-date in both.
Want to find out more about how Sage Intacct can scale with your technology or software company? Contact the professionals at RSM today.