Confessions of a Subscription CFO
Where did it say sleepless nights in your job description?
It isn’t easy being a CFO. As your organization grows, so do the challenges—board reporting, SaaS metrics, managing burn, faster closes, more intelligent revenue management, deeper analyses, regulatory compliance, multinational consolidations. If you need a better way, Sage Intacct offers robust, flexible, best-in-class financial management solutions to transform how small and medium-sized companies do subscription billing, manage deferred revenue, and produce SaaS metrics.
What are the secret truths your peer CFOs are loath to admit and that keep them up at night?
How can Sage Intacct help you respond to these challenges?
I’m afraid to admit how much we depend on spreadsheets.
Spreadsheets helped you get up and running quickly but aren't sufficient as the business grows. Single-user spreadsheets are an unnecessary risk: fragile, insecure, and not for complex tasks like revenue management or multi-entity consolidation. Not only are they a productivity nightmare, but investor requests, ASC 606 compliance, increasing transactions, and the complexity of deferred revenue reporting demand a change.
The solution: Operational efficiency
With Sage Intacct, you replace the "million spreadsheet march" with intelligent, streamlined, automated financial functions, like order-to-cash, procure-to-pay, and project accounting. Sage Intacct has the flexibility to automate subscription billing synched to Salesforce.com orders, automated ASC 606 revenue recognition, and real-time SaaS metrics, dashboards, and more— without a spreadsheet in sight.
Accurate and timely management reporting sometimes seems impossible.
Accurate, timely, and detailed analyses on both P/L and SaaS metrics that go far deeper than basic financial statements are essential. That means relying on staff to extract data from multiple sources in multiple formats and data definitions. Manual calculations and summaries after the data are collected require additional time and effort. When all the reports are finally together, they are out of date, the questions have changed, and the frustrations grow. Meanwhile, your competition is making their own moves.
The solution: In-depth insights, on-demand
Sage Intacct gives you a comprehensive, up-to-the-minute picture of your entire organization. Create any report, dashboard, or visualization you need with a few clicks. New questions? Get immediate answers and make confident decisions!
Our consolidations are labor-intensive, time-consuming, and error-prone.
When a growing company expands internationally and then has multiple entities, tax IDs, and currencies, it’s a painfully slow process to bring all financial information into a unified, cohesive view. Manually collecting spreadsheets, checking formulas, converting currencies, and performing intercompany eliminations adds up to a frustrating, lengthy closing cycle. Must timely financial consolidations always require superpowers?
The solution: Quick consolidations and fast closings
Sage Intacct helps you manage the finances of multiple domestic or global locations and entities. With just one click, you can consolidate your financials, automate intercompany transactions and eliminations, close your books quickly and view interim summary figures at any time—Sage Intacct switches between consolidated and local views for detailed insights.
We fail to bill 100% of our subscriptions and service time and expense.
It doesn’t take a financial expert to recognize that tracking time and expenses manually is an invisible profit killer. Having separate billing and financial systems results in errors or information not being input at all. Field-based employees jotting notes on receipts won’t capture all project-related expenses. Missing hours, expenses, and project-related purchases impact your bottom line.
The solution: Accurate billing, faster invoices
Synchronizing the item masters between Salesforce and Sage Intacct automates the billing of subscription items, usage-based billing, and upsells. Employees enter labor hours, incidentals, and project expenses at any time from anywhere using a computer, tablet, or smartphone. Managers get instant alerts to review and approve. Data flows to your invoicing and revenue recognition processes for more accurate billing and faster reimbursements to employees. With onscreen dashboards, revenue doesn’t fall through the cracks.
Our on-premise accounting system doesn’t give us the agility we need.
You shouldn’t have to endure the outdated one-size-fits-all approach to financial software. On-premises software traps you with significant capital investments, lengthy implementations, complicated configurations, expensive customizations, and burdensome maintenance. You need the agility to adapt to business fluctuations without waiting months for IT to make changes to keep pace with changing reporting requirements and competition.
The solution: Bringing finance to the cloud
It’s different in the cloud. Sage Intacct eliminates hardware costs and IT burdens with the advantages of modern financial software—lower costs, more security, and increased productivity.
Sidestep painful capital investments and tap into the power of sophisticated, high-performance financial software managed by experts in a world-class data center. You focus on financial management and business performance while Sage Intacct takes care of the software management and infrastructure for a single, predictable monthly fee.
Our finance system doesn’t talk to our other critical applications.
Top-performing businesses know an efficient operation requires everyone to share data easily without silos, walls, or barriers. You need straightforward, real-time access to information from all departments without cumbersome data extractions and manual rekeying bogging you down.
The solution: Out-of-the-box integration
Sage Intacct integrates seamlessly with your business. You choose the applications you want based on functional fit, not integration capability. Take advantage of pre-configured connectors for popular applications (including Salesforce) or easily create your own. Our web services API allows you to make your own customized, two-way integration with the flexibility to tailor connections for specific workflows and business processes while getting a 360-degree view of the business. Sage Intacct breaks down the walls to keep everyone in sync.
Financial management solution built for finance, growth, and success
Join a growing number of companies turning to Sage Intacct for increased financial efficiency while driving new growth for the business. Sage Intacct helps you move beyond the constraints and inflexibility of isolated billing systems, spreadsheets, and cash-accounting software with an innovative, modern, cloud-based subscription revenue management system for growing organizations.
- Built By and for Financial Pros
The Sage Intacct cloud financial management solution provides unprecedented depth and sophistication not found in rigid suites. It’s no coincidence that the American Institute of Certified Public Accountants named Sage Intacct as its preferred provider for financial applications.
- Built for Growth
Sage Intacct’s scalability puts you in a position to drive growth by automating primary and complex accounting processes so you can focus on analyzing real-time business performance.
- Built for Success
With a pay-as-you-go subscription model and cloud architecture, Sage Intacct aligns your accounting system with your ongoing success. Maybe that's why Sage Intacct customers achieve, on average, a 250 percent ROI and a payback period of fewer than six months.
To learn more about how Sage Intacct can help you achieve your mission more efficiently, fill out the following information and DeRosa Mangold will be in touch.
DeRosa Mangold Consulting is a trusted team dedicated to partnering with you in a logical fashion to help you make the best decision for your company’s future growth. On average throughout multiple industries, startups to mid-sized organizations begin to see a return on investment in about 6 months. We will personally sit down with you and crunch the numbers, so you know when to expect your own ROI. We won’t tell anything but the truth so that you can make the best decision for your organization.
If you would like to take a quick look at the software, you can take part in one of the daily Coffee Break Demos we offer.
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