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For SaaS companies it is easy to get an uneven idea of financial position because of the way they charge. In this article we look at how SaaS companies can manage their revenue so that they can know how they are really performing.
When you’re a SaaS business, metrics really matter. Due to their unique operating and revenue model, the management of SaaS businesses requires specialised metrics to provide meaningful insights into financial performance.
Managing a software as a service (SaaS) business so that it is successful has more in common with managing a service like Netflix than running a traditional IT business. In a SaaS business, things like churn rates and annual recurring revenue can mean a lot more than vanilla sales figures.
Freelancers or sole-trader accounting doesn’t require complex software. We talk to the co-founder of Rounded about simple accounting software.
SaaS success lean on being smart with your SaaS metrics. ChartMogul is a powerful analytics tool for SaaS businesses that helps you monitor & manage these.
