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As a company grows, it quickly outgrows the basic accounting software it started with and needs to adopt a more robust solution like NetSuite. In fact, the fastest-growing software companies use NetSuite. To give you an idea: 🚀 88% of Bessemer's "Next Cloud Unicorns" use NetSuite 🔒 56 of the JMP 100 Private Software Companies use NetSuite 💼 65% of the last 100 Tech IPOs use NetSuite 💰 22 Wall Street Journal "Billion Dollar" Start-ups use NetSuite Why are these fast-growing companies adopting NetSuite? Well, the results are predictable. In a recent study by SL Associates, software companies reported stunning improvements in key performance metrics after switching to NetSuite’s cloud-based solution. In particular, these companies: 💡 Experience a 50% to 80% increase in self-reported actionable insights ⚙️ Increase order processing efficiency anywhere from 45% to 75% 💼 See finance staff productivity increase between 20% and 50% ⏰ Reduce finance close time between 40% and 70% 📝 Reduce compliance support time between 25% and 45% 💻 Decrease their IT support resources between 45% and 70% https://buff.ly/3xodr6a #NetSuite #CloudAccounting #AccountingSoftware

At Re-Leased, integration is at the heart of what we do—being born in the cloud, it’s in our DNA. Just like planets revolving around the sun in perfect harmony, software achieves this effortlessly through integration. We’re excited to introduce our industry-first integration with NetSuite, bringing property management and finance teams together in one synchronized orbit. Property teams benefit from specialized tools to boost efficiency, while finance teams enjoy real-time visibility and control—all within a unified, cloud-powered ecosystem. Interested in learning more about this integration, or Xero, Sage, and QuickBooks Company? Reach out to discuss how our integrations can bring your operations into perfect alignment. #CloudIntegration #PropertyManagement #FinanceSolutions #EfficiencyBoost #ReLeased #RealTimeControl #CloudPowered #CRE #CommercialRealEstate #CRETech #PropertySoftware #CREManagement #RealEstateInnovation

Discover the signs indicating your business is ready to graduate from QuickBooks to a more robust business management solution. Explore the challenges SMBs face and why transitioning to an advanced cloud ERP system like Acumatica could propel your growth further.

Discover the signs indicating your business is ready to graduate from QuickBooks to a more robust business management solution. Explore the challenges SMBs face and why transitioning to an advanced cloud ERP system like Acumatica could propel your growth further.

Ditch QuickBooks Growing Pains: Why NetSuite Outshines the Competition in 2024 So, your business is booming. But QuickBooks is starting to feel...cramped? You're not alone. As your company scales, it's time to ditch the limitations of entry-level accounting software and embrace an ERP system built for growth. But with so many options, which one reigns supreme? Let's break down the contenders: 🆚 QuickBooks: Great for startups, but its siloed data and lack of scalability will leave you hamstrung as you grow. Time to graduate! 🆚 SAP: A behemoth in the enterprise space, but its complexity and hefty price tag can be daunting for mid-market companies. Think nimble, not monolithic. 🆚 Acumatica: A rising star, but its feature set might not keep pace with your future needs. Invest in a solution that can evolve alongside your ambition. 🆚 Workday: Top-notch for HR, but its limited customization and implementation demands might not be your cup of tea. Seek a system that bends to your unique workflows. 🆚 Epicor: Stuck in the on-premise past, Epicor's batch processing and lack of automatic upgrades will drag you down. Embrace the cloud and say goodbye to IT headaches. 🆚 FinancialForce: While powerful, its deployment scarcity and coding-heavy reporting might leave you feeling lost. Opt for user-friendly dashboards and intuitive analytics. 🆚 Great Plains: Microsoft GP? More like "Goodbye, Progress." This end-of-life relic will trap you in a bygone era. Move on to a future-proof platform. ** Introducing NetSuite: Your Scalable Growth Partner** NetSuite isn't just an accounting system; it's a unified platform that streamlines your entire operation - from financials and CRM to inventory and eCommerce. With seamless integration, automated workflows, and real-time insights, you'll make smarter decisions, faster. Plus, its cloud-based architecture keeps you agile and adaptable, no matter how high you climb. Ready to ditch the growing pains and unlock your full potential? Join the thousands of businesses who have chosen NetSuite as their growth engine. #NetSuite #ERP #Scalability #GrowthMindset #CloudFirst P.S. Share your QuickBooks escape story in the comments! We're all in this together.

We are still humbled and proud to be BlackLine's 2023 Software & Cloud Partner Award recipient. "One of the key criteria for a productive Software & Cloud partner relationship is that our solution combined with the partner's solution creates value for the customer so that 1 + 1 = 3+. DataBlend is a fitting example of a partner that adds that kind of customer value both with their pre-built Sage Intacct and QuickBooks Online connectors and customer-specific solutions for long tail ERPs and other source systems. Never settling, DataBlend is also always looking for new and creative ways to add value for our customers and that is why we are pleased to recognize DataBlend as BlackLine's Software & Cloud partner of the year for 2023," said Michael Otto, BlackLine's Vice President of Global Strategic Alliances & Partner Programs. Since 2021, Blackline has collaborated with DataBlend to deliver seamless integration for customers and accounting outsourcers using Sage Intacct. Other integrations that DataBlend support for Blackline have included Oracle Fusion, Workday, QuickBooks Online, and Yardi. https://hubs.la/Q02mQVnk0 #integration #financetransformation #software #financeinnovation #dataintegration #cfos #controllers #acccounting #finance #data #automation #digitaltransformation #ipaas #blackline

The results are in! Learn why NetSuite has once again been named a top vendor for modern cloud-enabled finance and accounting solutions for businesses worldwide. Discover the top reasons why NetSuite made the list! #report #softwarecomparison #guide #businesssoftware #clouderp #saas #finance https://hubs.ly/Q02lglV00

Using Maxio for subscription billing What’s the best software for subscription-based billing? This is a question we get asked all the time. For early and mid-staged B2B SaaS companies, our recommendation is usually the same: choose Maxio. Maxio is focused on business-to-business products, and is the only purpose-built SaaS B2B subscription management platform. While you will still need software to handle General Ledger, most SaaS businesses we come across are already using Quickbooks for their accounting needs. Maxio itself has a very smooth integration with Quickbooks (as well as Xero, Intacct & NetSuite), allowing you to easily pull data for all of your reporting needs. Maxio also supports GAAP-compliant revenue recognition, the key to sailing through due diligence at a capital raise or exit. The other great advantage of Maxio as a tool is the visibility it provides into SaaS KPIs. You can track, analyze, and report on SaaS metrics with ease, so your team always has the right data at their fingertips. When working with early and mid-staged SaaS clients, we’ve found Maxio to be a powerful addition to their software stack. We wrote an article on Maxio, and why we choose it over Netsuite in many situations, here: https://hubs.li/Q02BDZNy0 We also recommend checking out Randy Wootton's page for more on Maxio.

Vertical SaaS leaders, you’re leaving money on the table. Small businesses are spending $800-$1,100/month on third-party accounting services and 86% have expressed interest in getting financial services from their industry-specific platforms. The opportunity? Embedded accounting APIs can: 1. Boost your platform's revenue 2. Increase customer retention 3. Provide real value to your SMB clients I dive deeper into the ROI of embedded accounting in our latest Hurdlr blog post: https://lnkd.in/gdA2ycSG What's your take on embedded finance for vertical SaaS? #VerticalSaaS #EmbeddedFinance #SaaSTrends #EmbeddedAccounting

🌟 Why EBITDA Is Crucial in Valuing Your SaaS Business 💡 What is EBITDA? An acronym for Earnings Before Interest, Taxes, Depreciation, and Amortization, EBITDA offers a crystal-clear picture of a company's operational profitability and cash flow, minus the noise of fiscal and accounting obligations. Simplified, it's about revenue 💰 minus costs 💸, with certain adjustments. This metric is your financial compass 🧭, guiding you through the complexities of valuation, providing a basis for comparison with industry peers, and serving as a beacon for investors 🔍 determining the worth of your digital empire. 🚀 The Importance of EBITDA in the SaaS Sphere cannot be overstated. It's not just a measure; it's a testament to your business's ability to generate cash flow from its core operations—a critical factor for investors. Missteps in calculating EBITDA, especially overestimating by including non-operating expenses, can lead to valuation disputes. The accuracy of your EBITDA calculation reflects the health and transparency of your financial standing 📊, making it a cornerstone of investor confidence. 🔑 It's crucial to distinguish between recurring and non-recurring costs when calculating EBITDA. Recurring costs persist post-acquisition, while non-recurring ones vanish. This distinction matters immensely to buyers, impacting your company’s valuation and the eventual selling price💲. 📈 Beyond EBITDA: The Rule of 40—a benchmark combining revenue growth and EBITDA margin, offers a holistic view of your SaaS business's health. A score above 40 signifies a thriving enterprise, balancing revenue growth with profitability—a critical determinant in acquisition discussions. 🌐 Consider the journey of Salesforce, a titan in the SaaS industry. Salesforce's fiscal year 2020 EBITDA stood at approximately $2.63 billion, up from $2.15 billion the previous year, showcasing its operational efficiency and ability to scale profitably. This increase not only underscored Salesforce's adeptness at managing top-line growth alongside bottom-line efficiencies 📉📈 but also highlighted the significance of a robust EBITDA margin. Salesforce's story vividly illustrates how a strong focus on EBITDA can serve as a beacon for investment 💡 and a testament to a company's potential for sustainable growth and profitability 🚀, embodying the Rule of 40's principle. 💪 At Phi Consulting, we champion a balanced approach to revenue growth and EBITDA margin, emphasizing scalable revenue growth. The scaling effect—reducing incremental costs with each new customer—is a hallmark of a robust business model, promising not just immediate profits but sustainable, long-term growth 🌱. Contact us to book a strategy call ⏩https://lnkd.in/dTfiuX5B