Take Charge of Your Contract Billing and Run with It

Take Charge of Your Contract Billing and Run with It

Resources

by | Jun 19, 2018 | Resources

Take Charge of Your Contract Billing and Run with It

By Paul Johnson
CPA, CGMA, MBA

As your subscription business grows and changes, so do your contracts. However, that means your billing and revenue recognition changes too.

bearded young business professional working at his computer on a contract

When it comes to aligning your contract pricing and billing schedules to your complex business model, you shouldn’t have to suffer under ill-fitting accounting software options just because your contracts become more complex.

To retain control over your subscription and contract billing to fit your business, consider modern options designed to accommodate the way your company works.

Sage Intacct, a best-in-class cloud-based financial management solution gives endless pricing and billing schedules for subscription and contract-focused businesses to create their invoicing around their contracts, instead of the other way around.

AUTOMATION

The easiest and simplest way to stay on the fast track to business growth is to remove productivity bottlenecks due to manual processes, by automating those areas of weakness.

Billing: Whether you need regular period billing, with milestones, or nonlinear, Sage Intacct’s wide array of billing options allows you to tailor automated pricing and frequency to fit your business, and speed your billing processes.

Renewals: Set up contracts in Sage Intacct to automatically trigger renewals as contract end dates approach.

Contract Modifications: Accounting for add-ons, cancellations and changes to existing contracts can be set for automation to free your accounting teams without missing important contract details.

FLEXIBLE OPTIONS

Not all subscription and contract pricing is alike. Having more pricing options means you can streamline your billing with a faster setup process.

Set Your Own Designations: Price per thousand, minimum flat fees, usage pricing and discount tiers are all options you can set within Sage Intacct for reduced billing errors, and a faster billing process.

Flexible Models: Fixed pricing can be set with a simple amount, or a combination of options in quantity, rate, multiplier or discount.

group of employees laughing at their desk

FEATURES FOR CONTROL AND SPEED

Small details, systems disconnection and dated reports generated from on-premises systems all add manual labor and hours to your teams’ workload and hold back growth. Sage Intacct supports contract and subscription businesses with unique features that cater to complexity.

Integration: Because Sage Intacct integrates well with Salesforce, your quote-to-cash process moves more quickly as data from Salesforce travels seamlessly to Sage Intacct for stronger collaboration, greater accuracy, and a faster moving sales funnel.

Visibility: Get deep insights into every area of your accounting for contracts billing and deferred revenues, and a 24/7/365 open window into your key metrics from your dashboard.

Compliance: Sage Intacct is the first software solution its kind specifically designed to support ASC 606 compliance, and make revenue recognition easier for subscription and contract-based businesses.

Is your contract billing wearing on your accounting teams? Take charge.

Give us a call – we want to help simplify the process.

Sales and Finance Unified – No More Compromises

Sales and Finance Unified – No More Compromises

Resources

by | Jun 5, 2018 | Resources

Sales and Finance Unified – No More Compromises

By Paul Johnson
CPA, CGMA, MBA

The Salesforce-Sage Intacct connection that bridges the gap between sales and finance is worth talking about now more than ever.

If it seems that what started off as a few extra work-arounds has devolved into a flurry of extra steps that bottleneck productivity, read on. There are fast-to-implement solutions available for you.

In light of the ASC 606 and IFRS mandates, it’s time to do away with outdated, and inefficient systems to streamline your processes, and get your teams working in a more connected way to work smarter, not harder.

The Salesforce/Sage Intacct integrations bring in automation to unify your sales and finance teams that can streamline your sales pipeline from start to finish.

QUOTE TO CASH

The road from quote to cash can be a long, and complex one. When Sage Intacct, a best-in-class cloud accounting solution links with Salesforce, a quote is converted to an order with just one click.

In SalesCloud, your teams can generate tasks, invoicing or even revenue recognition, and send information seamlessly into Sage Intacct for your finance teams’ immediate access, saving time and rekeying errors.

closeup of male hands working on sales and finance

DATA MANAGEMENT

When your company is working in disconnected systems, cascading errors and inconsistencies in your data can occur.

The integration between Salesforce and Sage Intacct in the cloud means all of your client’s data gets entered in once, for data accuracy and consistency throughout departments and systems.

REVENUE RECOGNITION

Having sales and finance software systems that seamlessly communicate frees up everyone to do what they do best.

  • Your sales team can easily input just an open and close date to clarify revenue recognition for finance with only the data that sales reps need to see to do their end of the job.
  • In real time, your accounting gets the data they need on their end to match expenses to revenue, to be allocated in line with the new ASC 606 and IFRS 15 guidelines.

group of two businessmen and a businesswoman working on sales and finance

COLLABORATION AND PROJECTS

The Sage Intacct/Salesforce connection streamlines communication and synchronizes activities for meaningful collaboration and powerful project management.

  • Integration bridges the front and back office through contextual data with orders and unique client questions or invoicing situations.
  • The finance team can access Salesforce Chatter from Sage Intacct to resolve client financial issues, and can keep a close eye on actuals versus estimates to stay within project budget margins.
  • Sales can answer client questions quickly and directly with access to company data from wherever they work.

Why compromise accuracy and productivity with outdated and disconnected systems? The integrations technology linking Salesforce and Sage Intacct means you don’t have to.

If you’re ready to unify your teams toward greater success, give us a ring. We are here to help!