Outsourced CFOs work as an extension of your team to manage the business’s finances, provide strategic direction, and promote growth. While they have their own set of important tasks, they also work closely with the CEO to provide the financial insight needed to make decisions, large and small. As the business grows, their professional dependence […]
Growth is the goal, and in this day and age, outsourced CFO services are a one-way ticket for businesses to reach their growth goals. As the world around changes, updates, and digitally integrates, you’ll find yourself falling behind if you try to keep up on your own. This is where an outsourced CFO can help. […]
Reporting Key Performance Indicators (KPIs) measure performance over a period of time. They provide important information for nearly every aspect of your business. Generally, KPIs are tracked across five major categories: Sales Marketing Financial Customer Relations Employee Success When you track the right KPIs, you can use the information to make changes to these categories […]
Over the last decade, software-as-a-service (SaaS) has exploded as companies have flocked to subscription and cloud-based services for their software needs. While the growth of the SaaS market has lowered barriers to entry, it has also created opportunities for entry. This presents a double-edged sword: the SaaS sector provides you the opportunity of founding a […]
The goal for most startups is acquisition. Being acquired shows that your company has a successful product and your hard work and long hours have paid off. But there’s a lot of work to be done for the acquisition to be successfully executed. As you’ll know from funding rounds, investors do their due diligence to […]
One of the first benchmarks for any business is reaching its break-even point. The break-even point is when you’re in a no profit, no loss situation. But you’ll encounter many obstacles on your road to break-even, particularly in competitive industries like software-as-a-service (SaaS). SaaS companies often face a long road to get to break-even. This […]
The Tax Benefits of Section 85(1) When Incorporating When growing your business, you may be considering incorporating to take advantage of tax savings or to avoid personal liability. Even though incorporating may not change the day-to-day operations of your business, the act of incorporating is more than just a status change. It involves changes to […]
Accurate accounting is key to the success of any business. It allows you to keep track of costs and revenue in order to implement your business plan, while also giving you concrete numbers to show potential investors. While this might seem to go without saying, many in the competitive software-as-a-service (SaaS) field have failed to […]
Understanding your company involves knowing where you are financially at any given moment as well as where you will be in the future. For this reason, financial projections are imperative for any company. Financial projections draw on available historical data to model the future financial performance of your company, including cash flow, costs, and revenue. […]
Recurring subscriptions are the norm for SaaS services. They allow customers to manage costs by paying on a recurring basis as they continue to use the service. But billing can be a major pain point for business-to-business (B2B) SaaS companies. They have to manage subscriptions across different pricing tiers and customer lifecycles, while also collecting […]