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When analyzing your SaaS company’s performance, you probably ask, “How did we do?”
What if you could ask, “How will we do?”
It’s not enough to track the right key performance indicators (KPIs). Because KPIs evolve as you move through your business lifecycle, you need a system for KPI tracking that will also evolve.
QuickBooks and other small business accounting applications don’t fit the bill because they don’t integrate with enterprise resource planning (ERP) solutions. This impedes tracking historical and predictive KPIs and gathering/presenting the data investors need to make funding decisions.
A modern, cloud-based financial management solution like Sage Intacct empowers you to automate KPIs and update them in real-time. Intacct seamlessly integrates with other cloud applications like Salesforce and offers advanced functionality you won’t find in QuickBooks.
With Intacct, you can create reports and dashboards that automatically combine operating dimensions with financial data to analyze KPIs for each operating entity, location, building, region, and other units.
Predictive KPIs empower you to lead your SaaS company versus manage it, shifting the focus from short-term objectives to long-term visions.
Your KPIs will depend on your goals, business model, and processes. Some KPIs almost universally apply, while others will vary by delivery and billing model.
Here are examples of predictive KPIs that can drive success for SaaS companies through each lifecycle stage.
Download our free eBook, Predictive KPIs for SaaS and Software Companies, to learn more about these KPIs and understand how Sage Intacct delivers the real-time financial insights you need to make data-driven decisions.
