As a software company ourselves, we are well aware of the challenges your finance department faces — a disconnected quote-to-cash process, complex and constantly changing revenue recognition rules, over-reliance on complex and hard to audit spreadsheets and difficulty forecasting deferred revenue and renewals — just to name a few.
Intacct SaaS financial accounting for software companies can help your company alleviate these difficulties by streamlining your quote-to-cash process, automating revenue recognition and renewal management, accelerating financial consolidation and close processes and increasing real-time visibility into your software business.
As a leading financial management and accounting solution for Software, Software as a Service (SaaS) and other subscription-based businesses, Intacct can help your organization:
- Streamline your quote-to-cash process with seamless integration to Salesforce CRM, allowing your sales team to leverage the leading on-demand CRM system for lead, opportunity, quote and front-office customer management while you leverage Intacct for back office financial management and accounting.
- Automate revenue recognition and billing for simple to complex products, subscriptions, professional services, and multi-element arrangements while simplifying compliance with revenue recognition guidelines such SOP 97-2, 98-9, 81-1 and EITF 00-21, 08-01, 09-03.
- Maximize renewal revenue with proactive and automatic renewal management, reducing revenue leakage and improving pipeline visibility.
- Streamline the capture of time and expense incurred by your Services organization, reducing revenue leakage, maximizing billable hours and providing better visibility into project revenue, costs and margins.
- Accelerate financial consolidation and close processes regardless of the number of business entities and number of currencies. Automate inter-entity transactions and eliminations, and gain real time visibility at both a global and local level.
- Gain better financial and operational insight including real time visibility into revenue, deferred revenue, and renewal streams.