Industry Hub

Software as a Service (SaaS)

Comprehensive financial nanagement solution for the software as a service industry

Sage Intacct For Software as a Service (SaaS)

In the Software as a Service (SaaS) industry, managing recurring revenue, customer subscriptions and financial compliance are crucial for success. In SaaS, the financial management system has a two-fold effect on the company. It will impact the financial operation as well as the customer experience. The right financial management system will help your business stay ahead in a fast-paced environment.

Sage Intacct is tailored to the needs of SaaS organisations. Companies can efficiently scale their operations, streamline complex billing processes, and gain real-time insights into their financial health.

By implementing Sage Intacct,  SaaS organisations can:

  • Automate subscription billing and revenue recognition to ensure compliance and accuracy.
  • Monitor key SaaS metrics like customer lifetime value (CLV), churn rate and monthly recurring revenue (MRR) easily.
  • Benefit from an integrated system that handles multi-entity consolidations, global accounting, and tax compliance.
  • Access your financial data anytime, anywhere through the cloud, ensuring flexibility and business continuity.

Sage Intacct offers SaaS organisations the scalability and financial precision they require to help their business grow while minimising administrative burdens and improving decision-making.

Saas

Integrate with CRM systems to speed billing by up to 99%

Increase cash flow by up to 20%

Reach 100x return-on-invested capital

Capabilities of Sage Intacct for Software as a Service

Core Financials
  • Accelerate your team’s productivity. 
  • Automate complex processes like cash management, AP/AR, order management, and more.
  • Cut close times by 80%.
Billing
  • Save time and reduce errors with automated billing workflows.
  • Increase visibility with smart revenue recognition.
  • Streamline the revenue cycle across your organisation.
Dashboards & Reporting
  • Increase business agility through multi-dimensional visibility.
  • Dive deeper with custom reports, dashboards, and visualisations.
  • Access data faster to accelerate performance and make decisions with confidence. 
SaaS Metrics
  • Over 300 subscription, usage, and project billing scenarios, with revenue recognition.
  • Over 200 investor metrics delivered up to 80% faster.
  • Streamline your finance team’s processes with a single source of the truth.
CRM integration
  • Efficient workflows to level up productivity and collaboration.
  • Allow your finance department to get real-time visibility on customer and transaction data.
  • Seamless Salesforce integration.
Consolidations Reporting

Consolidate hundreds of entities in minutes, not days – and boost productivity by more than 50%.

  • Go global with robust, accurate and easy multi-currency consolidations.
  • Simplify complex multi-entity, multi-currency and multi-level consolidations to expedite month-end close.
  • Increase visibility with flexible, easy-to-build domestic and global reports.
  • Save days of time from managing inter-entity transactions and eliminations.
Revenue Recognition Software

Intelligent, automated, compliant revenue recognition to help your company scale – with complete support for IFRS 15.

  • Automate revenue management with revenue and expense re-allocation.
  • Manage changing requirements smarter with dual treatment and reporting.
  • Flexibly configure expense amortisation on your revenue recognition terms.
  • Gain a complete view of your revenue with metric-based reporting.
Contract & Subscription Billing

Manage costs and revenue, keep projects on time, and maintain profitability with project accounting software to manage all your project financials.

  • Customise project accounting to fit the needs of your business.
  • Base new project bids on better data to improve profit margins.
  • Streamline project management and project billing processes.
  • Make it easy for your team to get information and provide great service.
Project Accounting
Electronic Document Management (EDM) provides more control over document flow, increases archiving efficiencies, and streamlines document distribution. It eliminates the need for filing, photocopying, printing, and envelope stuffing, immediately providing all documents throughout the company. By adhering to all regulations with secure archiving practices, EDM ensures compliance without the hassle of paperwork, making document management more efficient and effective.
Project Costing & Billing

See how you can improve margins by issuing invoices quicker and automating billing and revenue recognition.

  • Improve profit margins by basing project bids on better data.
  • Lower costs by streamlining project billing processes.
  • Project accounting software makes it easy for your team to get information and provide great service.

Why Sage Intacct is #1 in B2B Subscription Billing

Discover why Sage Intacct is rated #1 in subscription billing and revenue management software by your peers on G2:

  • Build the Metrics that Matter: Generate the financial and operational metrics your executive team and board need to see, including customer lifetime value (CLV), churn rate, and monthly recurring revenue (MRR).
  • Scale Seamlessly: Grow your FinOps tech stack to handle billing, revenue recognition, posting, closing, and forecasting as you move from early-stage to IPO.
  • Flexible Billing Scenarios: Create over 500 recurring billing scenarios and more than 200 custom reports and forecasts to fit your business needs.
  • Salesforce Integration: Integrate seamlessly with Salesforce to speed up billing processes by up to 99%.
  • Fast Multi-Entity Consolidation: Save time during your financial close with rapid consolidations across multiple entities and manage foreign exchange effortlessly.

Why you should choose Mysoft For your ERP jounrey

Unmatched Expertise

With a team of over 50 Sage dedicated professionals who have over 450 years of collective experience, we have positioned ourselves as one of the most knowledgeable (if not the most)product & subject matter experts in the industry.

Best in Class Sage Support

At Mysoft we focus on helping your company achieve the highest efficiency and agility possible. Our extensive and diverse experience in understanding ERP allows your business to unlock its full potential using Sage. Our expert team combines advanced Sage knowledge with a wealth of real-world business, financial and IT experience.

Our Support team can provide meaningful assistance around the world on all aspects of Sage. 

Referenceability

For Mysoft, our satisfied customers are our best advocates. We recognise that every business is unique and distinct, and we tailor solutions to meet the specific needs of each site. Our focus is operational excellence, from initial scoping and implementation to ongoing development and support. Mysoft’s track record of successful implementations and positive client feedback demonstrates our commitment to providing great outcomes. We hope that our team serves as a trustworthy companion on your ERP journey, ensuring a safe and reliable experience.

Implementation Methodology & Approach

Having been established 20 years ago, Mysoft recognises that implementing an ERP system is never the same twice, every business is different and needs an approach that respects that and works with the business – not against it.

Mysoft adopts a customer-centric approach to project delivery. This means that we deploy expert resources in every aspect of your ERP implementation, from project management, to support, consultancy, and R&D teams.

Development Capabilities & Suite of Plug-Ins & Solutions

Over the two decades of operation, Mysoft has grown and honed our internal development capabilities.

Our team have developed over 10 ‘ready-to-use’ Plug-Ins, and brought the X3CloudDocs automation solution to market.  X3CloudDocs is the top listed solution on the Sage X3 marketplace.  We regularly carry out bespoke development work for clients, using our structured approach to deliver effectively to a very high standard.

A recurring theme in testimonials we receive relates to the development capabilities and timeframes that Mysoft has been able to provide customers. When choosing Mysoft, you are truly choosing a development powerhouse and can be assured that you are getting the best in the industry.

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Frequently Asked questions

What is Sage Intacct SaaS Intelligence?

Sage Intacct SaaS Intelligence allows leaders of SaaS and subscription-based businesses to gain valuable insights into the most important, yet often hardest to measure, SaaS and subscription metrics.

The intelligence engine categorises subscription activity into over 20 types of recurring revenue (such as New, Add-on, Uplift, Downgrade, Markdown, Churn, etc.), alongside 30+ key performance indicators (KPIs) and more than 25 pre-built graphs and reports. It’s a fully automated solution that analyses, diagnoses, and categorises all customer subscription activity within Sage Intacct’s Order Entry and Contracts modules.

SaaS Intelligence leverages Sage Intacct’s core dashboards and reporting features, delivering critical metrics and reports based on the contextualised data provided by its intelligence engine. Built on the Sage Intacct platform, it has direct access to financial data from the general ledger, enabling the blending of operational and financial data to calculate the most accurate and reliable metrics.

Why choose Sage Intacct SaaS Intelligence?

The SaaS industry operates uniquely in how it manages contract amendments, extends billing systems, and integrates with financial systems.

SaaS companies need to measure a wide range of robust metrics and KPIs that go beyond standard GAAP financial measurements, providing a real-time and accurate view of their business. SaaS Intelligence, with its intelligent engine, automatically delivers these crucial metrics for SaaS organisations.

Many competing products lack full integration with a company’s ERP system, meaning they cannot access vital revenue and cost data from the general ledger. This can lead to external reporting issues and multiple versions of financial truth. In contrast, Sage Intacct SaaS Intelligence ensures accurate, real-time metrics tied directly to your financial data.

How does a cloud-based subscription billing solution benefit my business?

A cloud-based subscription billing system guarantees a consistent revenue stream, ensuring you’re paid on time, every time.

By hosting servers off-site, a cloud-based solution can help you reduce costs related to hardware and maintenance, while also minimising the need for an internal IT team to manage infrastructure. Cloud computing also provides advanced security features, helping to protect your data. In the event of a breach, disaster recovery is typically much quicker with cloud-based applications.

Additionally, with cloud-based billing, your team can access accounts from any location, enabling them to resolve billing issues promptly. Customers can also view their payment history, outstanding balances, monthly usage, and more, making it easy for them to manage payments or change services.

How does cloud-based revenue recognition software help my business?

Many companies, both public and private, still rely on spreadsheets for crucial revenue management tasks, which are time-consuming and prone to errors. Revenue recognition becomes complex, especially when dealing with multiple entities, subscriptions, licences, and services, exposing your business to risks around compliance, audits, and accurate forecasting. SaaS businesses must get revenue recognition right every time.

Cloud-based revenue recognition software simplifies the management of this process, eliminating the need for unaudited spreadsheets and manual reconciliations. Sage Intacct translates complex revenue recognition requirements into streamlined, automated workflows that deliver the results your business needs.

With Sage Intacct’s revenue recognition capabilities, you will:

  • Strengthen compliance and ensure consistency across your organisation
  • Manage deferred revenue transactions and understand their impact on reporting and forecasting
  • Accelerate your month-end close process
  • Reduce audit costs
Why does my SaaS business need project accounting software?

Project accounting software allows your business to see all time, expense, and project-related financial data in one place, both financial and non-financial. It focuses on financial transactions related to project management, including costs, revenue, and billing. This makes it easy to attribute financial tasks to specific projects, allowing you to monitor their progress and success more effectively.

What kind of insights does Project Costing and Billing provide?

Real-time, role-based dashboards provide easy access to the information you need to make informed decisions. Whether it’s project managers tracking project billing within budget, executives analysing which projects contribute most to profitability, or finance teams monitoring collections trends, Sage Intacct offers insights at your fingertips.

Financial, managerial, and operational reporting is available as soon as time, expenses, and costs are entered, allowing you to understand your cost structures, their impact on growth, and where additional resources may be needed.

Hear From Our Customers

Customer success is at the heart of Mysoft’s mission and we take pride in every project we deliver.

Left Right

Mysoft were transparent, supportive, and helpful. The project was straightforward and smooth.

Nottingham Venues – Financial Controller
Left Right

Mysoft has been instrumental in the success of this project. Sage X3 has enabled us to automate and implement new business processes and we now have greater visibility of data than ever before.

Madison – IT Director
Left Right

We’ve received excellent support from Mysoft for our Sage X3 system.  They are quick to respond and resolve issues; and draw-in resources from their wider business to assist where necessary.

TIMCo – IT Director
Left Right

The Mysoft team have always been really friendly and clearly hard-working, seen through all the days they were willing to come all the way to Wales to see us! It was due to the people at Mysoft that we committed to the contract with them.

Burns Pet Food – Project Manager
Left Right

As our business has grown so have the expectations of our customers and suppliers. Sage X3 has allowed us to meet the demands of our trading partners by providing us with a powerful, yet easy to use set of tools.

RH Amar – IT Director

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