SaaSOptics Announces New Revenue Management Capabilities

New contract and revenue management tools address revenue recognition and contract renewal needs of SaaS, software, and other businesses with term subscriptions.

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Income, Deferred Revenue, Unbilled AR and Journal Adjustments

Revenue Summary Report

SaaSOptics will save our finance team significant time every month.

Jim Crisera, CFO The Tas Group

(Vocus/PRWEB) January 11, 2011

SaaSOptics, the provider of specialized financial tools and analytics for subscription businesses, today announces the availability of new contract and revenue management functions in SaaSOptics.

"SaaSOptics Version 3.2 includes a number of functions designed specifically to manage the revenue recognition process for businesses with term subscriptions," said David Ryan, CEO of SaaSOptics. "When we brought SaaSOptics to market, a number of CFOs responded positively to the revenue projections functionality we built specifically to help recurring revenue companies measure monthly recurring revenue (mrr) and to project future revenue performance. Several asked if we would consider enhancing the revenue management functions so they could eliminate costly and error-prone spreadsheets used as contract and revenue ledgers. V3.2 embodies a significant number of enhancements that now enable customers to rely on SaaSOptics as a system of record for contracts and revenues."

"As our business has expanded, it has become increasingly more work to manage the revenue recognition for our varied and sometimes complex contracts," stated Jim Crisera, CFO of The TAS Group, a Seattle-based provider of sale performance automation software. "We've been watching the development of SaaSOptics and are implementing it now. SaaSOptics will not only save our finance team significant time every month, but will provide the management team with new insight into performance metrics that we are having a tough time getting out of our complex spreadsheets."

Added Clayton Whitfield, Chief Technology Officer of SaaSOptics, "We have added a rich set of revenue recognition templates, management functions, and new revenue reporting tools that make it easy to generate revenue information for financial reporting. We make it quick and easy for CFOs to get both the revenue numbers for the income statement and also the balance sheet journal adjustments needed for deferred revenue and unbilled AR entries that are typically needed by SaaS, software, and other companies with term agreements requiring revenue recognition."

SaaSOptics Version 3.2 includes a rich set of contract and revenue management tools, including over 25 revenue recognition templates, acceptance management, contract revenue schedule reports for supporting documentation, journal entry reports, and renewal management. With the new revenue management capabilities, SaaSOptics can be both a decision support tool and a contract and revenue management system, filling financial reporting and analysis gaps in off-the-shelf accounting software packages.

About SaaSOptics
SaaSOptics provides tools for the management and analysis of subscription revenues for SaaS, software, and other recurring revenue businesses. SaaSOptics ensures your team has access to the correct targets, results, and projections, including churn, mrr, renewal rates, bookings, revenues, and countless other metrics needed to manage a subscription business. SaaSOptics is delivered as a SaaS solution. SaaSOptics, LLC is a private, Atlanta-based company. http://www.saasoptics.com

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