Business Process Outsourcing is on the rise and in fact 90% of small businesses plan to outsource business functions in 2022 (up from 80% in 2021) according to a survey conducted by Clutch. Furthermore 23% of respondents are planning to outsource their financial services (just shy of the top spot which is IT services at […]
As we close out the first fiscal quarter of 2022 I am reminded that we’re not through with this extended season of uncertainty. COVID-19 mandates are not the only thing that is being lifted. Costs for business owners are increasing to the point that profitability is likely at risk unless preventative action is taken. […]
When it comes to building a successful SaaS business, startup founders are going to need to know their numbers. The relative importance of these numbers really depends on the stage of the startup. This article assumes that you have some customer revenue but not a lot. And if you are pre-revenue, that’s okay too because […]
10 Simple Ways to Upgrade Your Finance Function in 2022 2022 is here. Ready or not, here we come. Many entrepreneurs are fairly exhausted as the 5th wave of Covid contributes to ongoing waves of uncertainty. But believe it or not, opportunities will abound and don’t forget that “luck” is what happens when preparedness meets […]
Are you tracking Net Dollar Retention (NDR) properly? NDR, a metric used by SaaS companies to understand their organic growth, has soared to be the most popular SaaS metric of the year. Here are 8 ways you can increase NDR in 2022: First of all, let’s be sure you understand what we’re talking about here. […]
Ever wonder how to price your SaaS product? Pricing is one of the 4 Ps of Marketing (ie: price, product, promotion and place) but there is also a financial perspective that should be considered to avoid some common pitfalls when setting subscription model prices. To help, we’ve compiled 7 core questions for you to consider […]
In our latest video, Susan Richards explains why you should add NRR (Net Recurring Revenue) to your dashboard if your business model is based on recurring customer revenue.
How Confident Are You That You’re Reporting MRR (Monthly Recurring Revenue) Correctly? Like most things in life and business people commonly make the same mistakes. SaaS Founders that have ever been through due diligence – raising money from investors, securing a business loan or selling a business – have likely learned a thing or two […]
In our latest video, Susan Richards, FCPA, FCMA flies through a dozen ways to fund your startup without giving away a piece of your company.
In this video Susan Richards discusses common challenges for internal accounting and finance teams as well as recommendations on how to overcome them.