SaaS Benchmarks – Security and Performance Costs Drive Up Cost of Revenue

We've invited Lauren Kelley, CEO and founder of OPEXEngine, to write a series of guest posts to the Intacct blog sharing some of her insights around benchmarks for software and SaaS companies. We hope you enjoy the series, the first post is below.

Security and performance investments, among other items, are driving up Cost of Goods Sold (COGS) for SaaS growth companies.

The ultimate goal of a subscription business model is to reduce the cost per subscriber and increase profitability. That does not mean, however, that cost ratios follow a smooth downward trend as revenues grow. 10 years after went public in 2004, we are seeing that SaaS COGS may trend upward, and hit several plateaus along the way. Security and performance investments are two major drivers of the increasing costs experienced by most of the leading SaaS companies today.

Bringing Fundraising and Accounting Together in the Cloud

For many nonprofit organizations, "donor development" often means endless hours of low-value manual tasks -- querying and pulling data, reentering records across multiple systems, etc. Wouldn't you rather have more time to focus on true donor development? 

Software Advice recently released their Nonprofit Software BuyerView Report for 2014. After analyzing more than 2,300 interactions with nonprofit organizations evaluating new software in 2013, they found that most buyers (51 percent) were evaluating nonprofit software to improve efficiency. 

Improve Data Security & Reduce Costs with Cloud Financial Management

In the final post from our series of videos with eCornell (see also post #1, post #2, and post #3), Clark Newby discusses the improved security and cost benefits of moving core business processes into the cloud. The business transition to the cloud has come in stages, starting with customer relationship management, then human resources, and now financials – the vital organ of your business.

With such sensitive data, it’s especially important to keep it secure. Businesses are learning that unless their internal data center is exceedingly large, it’s probably not cut out for the job. Cloud providers like Intacct have robust, guarded data centers, with things like biological mapping security in place to control access. “Jimmy” down in your IT department is probably not implementing every data center security best practice, nor is he up to speed with each update of your financial application. For this reason, many companies are recognizing that other businesses might have an even greater stake in the security of their data, and can do a better job of protecting it than is feasible for their organization.

Finding Insight Amongst the Bloom of Business Intelligence

Today we continue with the next installment from our series of videos with eCornell - see the first two posts here and here. In this edition, Clark Newby discusses how you can find insight buried in the vast quantities of business intelligence (BI) data amassing from business systems today. 

The BI revolution has been mounting for quite some time, and is now coming into full bloom with the ability to finally make vast quantities of data actionable. As a matter of fact, there’s so much business intelligence that you can barely be intelligent about it any more. With today’s overload of information, it’s hard to even know what to look for amongst the data, or understand what merits a decision. 

Best Practices for Evaluating & Selecting New Accounting Software

At Intacct, we understand that choosing new accounting software is a BIG decision. The good news: cloud computing rewrites the rules for rapid deployment, accessibility, simplified maintenance, easy customization, product innovation, and strong security and operations. But you still have to do your homework. The best outcomes typically happen with careful analysis and planning. To help, we've compiled a few best practices for evaluating and selecting a new system.

With all the options on the market, you should start by taking the time to carefully understand your company's needs and fully research the market. Some items to consider before you start the full evaluation process include:

The Essence of Being Cool...

The Oxford Dictionary defines being "cool" as the quality of being fashionably attractive or impressive. I'm not sure if many people would consider an accounting system as fashionable, but I know that a lot of our customers consider Intacct and our cloud financial management and accounting software as impressive. And they're not alone... CRN has once again named Intacct one of its Top 20 "Coolest" Cloud Software Vendors!

This is the fifth year CRN has compiled a report on the 100 Coolest Cloud Vendors -- breaking the list this year into five categories: Infrastructure vendors, Platform and Development vendors, Storage vendors, Security vendors, and Software vendors. Intacct has made this list, a who's who of the top cloud companies, all five years.

Trends: The Rise of Mobile & Cloud in the Workplace

Today we continue with the next installment from our series of videos with eCornell - see first post here. In this edition, Clark Newby discusses some of today’s hottest business and technology trends, including the impact of mobile devices and cloud computing on the workplace. 

The majority of companies are now in the midst of a cloud transformation, moving off antiquated on-premises software developed in the last century, and moving onto the cloud with modern, SaaS-based business systems. This transition helps organizations scale more quickly, digest new technologies rapidly, and benefit from the flexibility of subscription payment plans. 

Is It Time to Change Your Accounting Software?

As a company grows, they eventually hit an inflection point where it becomes obvious that a change to their financial management and accounting software is required. This could be the case where the company has outgrown its initial financial system, such as QuickBooks, or a situation where they are looking to move off outdated and unwieldy on-premises financial software from the likes of Microsoft or Sage.

There are a variety of reasons companies are forced to change their financial system. Some examples include:

How Cloud Financial Software Accelerates Growth

Recently, Intacct's VP of Marketing, Clark Newby, sat down with the folks from eCornell to discuss a wide range of business landscape topics – from finance moving to the cloud, to mobile devices and business intelligence. In the first of a series of videos, he talks about how cloud financial applications can help companies scale more quickly.

Interview with an Expert: Switching from Microsoft Dynamics GP to Intacct

When migrating to new financial management and accounting software, there are many important considerations. For example, you need to look at what your current system can't handle and what an ideal new system would look like. You also need to make sure that any new solution can accommodate not just your present needs, but also your needs well into the future. Even though it can be a tough decision to switch to a new system, when the benefits outweigh the cons, it’s time (or more like, well past time) to make a move.

There are a wide variety of outdated on-premises systems companies have been using for decades that are no longer keeping up with the pace of innovation. Many companies using systems from vendors like Sage and Microsoft are re-evaluating their current systems and looking to make the move to a more modern, cloud financial system. We recently sat down with Lindy Antonelli, a consulting partner at Armanino LLP, to discuss the primary issues companies using Microsoft Dynamics GP should weigh when evaluating a move to Intacct.