A reporting, tracking and financial management system for recurring revenue businesses that is far superior to traditional spreadsheets.
Atlanta, GA (PRWEB) March 3, 2011
TechCFO, a leading provider of Chief Financial Officer and senior-level financial and management services, has launched TechCFO SaasOptics, a reporting, tracking and financial management system for recurring revenue businesses that is far superior to traditional spreadsheets. SaasOptics offers greater accuracy and improved quality of information for key subscription metrics like cancellation/churn, renewal rates, new bookings, average contract value and offers future performance projections based on historical results. SaaSOptics also performs contract and revenue management services, including contract renewal and revenue recognition.
TechCFO SaaSOptics Customer & User Profile
TechCFO’s SaaSOptics solution is targeted to start up businesses and new business units to more mature entities with tens of millions of dollars of revenue with up to 500,000 monthly transactions. SaaSOptics is specifically designed for pure-play SaaS companies, software companies with SaaS initiatives, software companies with term agreements and companies with maintenance contracts, subscription agreements or recurring revenues.
Typical users of TechCFO SaasOptics include:
-- CEO - Instant access to accurate subscription metrics for strategic decision support and board & staff meetings. Ensures the entire management team is looking at the latest, the correct, and the agreed upon key targets & results.
-- Superior revenue recognition management and contract renewal management. Ensure no contract or invoice falls through the cracks.
-- Fast and accurate revenue and revenue-related balance sheet reporting.
-- Superior planning and forecasting tools for future bookings, revenues, and projected cash flow.
-- Provide faster and more accurate analytics support to the management team.
-- Reduce the overhead on your financial analysts
-- Product Management/Marketing
-- Instant access to information needed to make product and product marketing decisions - pricing, packaging, support plans, development priorities, sales support, etc.
-- Target your marketing spend on the best performing segments and industries - shortest sales cycles, highest average deal sizes, best renewal rates.
Contract & Revenue Management
TechCFO SaaS Optics offers a dynamic alternative for businesses that primarily rely on spreadsheets for revenue and contract management. TechCFO SaaSOptics tracks - for each customer - their client meta data, contract transactions, contract information, invoices, digital files and more. SaaSOptics also allows users to analyze revenues in totally new ways – by customer, product, sales manager, channel, industry, country, division and more.
TechCFO SaaSOptics also offers comprehensive subscription management services, including insight on Basic Renewal & Churn Rates; Lifecycle Renewal Rates; the ability to spot and measure key growth trends; customer lifecycle renewal curves and other analysis. TechCFO SaaSOptics also has the power to project future bookings and revenues as well as the ability to project growth by segment, product line, geography, sales channel.
“SaaSOptics is incredibly powerful, simple and insightful. We highly recommend this solution for any company with a recurring revenue model. Executives get better information much more quickly and efficiently, and they can eliminate the need for internal spreadsheet wizardry. The forecasting tool builds a new level of revenue predictability into each business,” said Neal Miller, TechCFO Partner.
Click to see demos, screenshots and to learn more about TechCFO SaaSOptics, click here.
TechCFO is an executive services firm that provides experienced CFOs and senior finance professionals to deliver project and part-time financial and strategic services. With offices in Atlanta, Boston, Mid-Atlantic/Washington, DC Metro, Research Triangle Park and San Francisco, TechCFO was recently named to the Inc. 500. TechCFO combines deep practical experience, comprehensive resources and best-of-breed practices to deliver objective, high-value financial and management consulting services for private, venture-funded and publicly-traded businesses through all stages. TechCFO professionals have extensive experience with critical business and financial issues in the software, technology, and life sciences industries. TechCFO enables businesses to focus on core competencies by providing flexible, customized professional services. For more information, please call 1.866.962.4CFO or visit http://www.techcfo.com.