How the Right SaaS Accounting Solution Can Take Your Company to IPO (and Beyond)

The Software-as-a-Service (SaaS) world can be cutthroat. Depending on your market, you’re feeling the heat from competitors, global economic uncertainty, rapidly evolving technological standards, and customer expectations. (Not to mention security!) SaaS Accounting is its own beast, but it’s an important one to consider among the many moving parts of your SaaS company’s growth. In fact, it can be the make-or-break reason you achieve your objectives easily and on time. If you’re aiming to take your company public eventually—or even if you are just taking it one day at a time through your growth phases—you cannot discount having the right SaaS accounting software on hand. Check out our eBook How SaaS Organizations Can Thrive in Every Stage of Growth to learn the three main things you need to get to IPO and the vital ways SaaS accounting technology takes you there. In it, you’ll see how:

Certain Financial Metrics Vary at Each Stage

Naturally, your metrics early on will evolve as you get to late-stage financials. Knowing what you’re looking and aiming for before you get to each growth phase is crucial in properly evaluating your financial health and understanding your business. For example, understanding net churn is important in mid-growth, but once you get to late-stage growth, you’ll need granular visibility into why customers unsubscribe.

ERP Helps You Seize Control Over Your Data

As a SaaS company, you probably already know the value of data. You might also know that if you can’t make sense of your data, harness it the right way, analyze it easily, or access it without fragmentation, then it’s not of much use. This is where enterprise resource planning (ERP) systems come in a sophisticated solution like Sage Intacct gives you the analytical and reporting power you need to make smarter decisions for your business.

An Expert Partner Makes All the Difference

Just as your company couldn’t grow the way it does without your stakeholders, most businesses can’t maximize SaaS accounting technology without an expert who knows the ins and outs of it. Someone to show you how your ERP can be integrated with other systems and how your team can get the most out of it is the surefire way to start seeing ROI quickly. The Answer Company has nearly 30 years of experience
doing exactly that.

The Good News: Sage Intacct and The Answer Company Make Growth Easy

Don’t waste time sifting through all the ERP and SaaS accounting technology options out there when you have your company’s growth to think about. The earlier in your growth phase you implement technology like Sage Intacct, the more resilient your business will be to ups and downs and the better prepared you’ll be for future scalability.

The Answer Company has over 2,000 historical clients with hundreds in the technology and SaaS fields. Our team of ERP consultants and implementation experts can streamline SaaS accounting and financial operations for your business, no matter what stage of growth you’re in. Early companies will get optimized workflows; growth-phase companies will get help with expansions; late-stage companies get a framework for reaching IPO; and those going public get stress-free financial operations replete with audit and compliance preparation.

Download the eBook to get an in-depth look on how Sage Intacct and The Answer Company can help your SaaS business achieve its goals, or reach out to us directly. We’d be happy to answer any questions.

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