New and Improved SaaS Metrics for Subscription Businesses

These six performance SaaS Metrics are key indicators of your startup’s health. Your ability to deliver attractive metrics is often the difference between getting your next round of funding and hitting the wall. Each metric includes a definition, why you should care, how to calculate, and an interesting fact.

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As they start to grow, many organizations take a conservative approach to accounting software and simply add new instances of QuickBooks for each new entity or location. Unfortunately, that means the challenges and obstacles only grow exponentially. By contrast, Sage Intacct cloud financials is designed to support the needs of organizations that operate multiple entities, … Read more

Sage Intacct has spent the last few weeks working on bringing you more great content. New sessions have been added to the Healthcare Hangout online series which will start on September 17 and run through the end of 2020.   Join us online for 30-minutes of down-time with your healthcare finance peers while we discuss and … Read more

Ninety-two percent of sales organizations rank sales engagement platforms as critical to their success and sales productivity. And yet, many sales teams use disconnected sales tools, which can lead to a lack of collaboration, broken sales processes, and lost revenue. This e-book for small and medium-sized businesses features six strategies that will help you increase … Read more

Texas Nonprofit Seeks an Upgrade to Modern Cloud Accounting

Challenge

The Boys & Girls Clubs of Greater Tarrant County serves about 23,000 youth in the Fort Worth and Arlington areas of Texas with a range of programs geared to help youngsters mature into healthy, productive, caring, and responsible adults. The nonprofit provides after-school and summer programs, and initiatives focused on education, character and leadership, drug prevention, and gang intervention across 27 locations. With a $23 million annual budget, financial management is
essential to the organization’s success.

Improving finance and accounting became a top priority when Robert Ehret, with a background in church and bank finance, joined the Boys & Girls Clubs of Greater Fort Worth as its CFO in 2014. (The club would merge with a sister club in Arlington to create the Tarrant County organization in 2018, with 290 full- and part-time employees). Ehret quickly found that the club’s previous accounting application, and heavy reliance on Excel, wasn’t well suited to the needs of a nonprofit organization.

 

“It was just so difficult to extract information,” Ehret said. “You couldn’t report across fiscal years, and the majority of our grants cross fiscal years. It was a very lengthy process just to produce board reports, and if you needed to make a change it was very painful to go through the whole process of making an adjusting entry and rerunning reports. There was no doubt we needed to make a change.”….

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