The subscription business model has grown in popularity with providers of services or products because it establishes a regular, predictable income stream. This is particularly true for technology companies. However, the subscription model poses challenges, primarily in handling the accounting and billing for subscriptions. Our benchmark research on recurring revenue finds that only 29 percent of participants who have finance and accounting roles, and fewer than half overall, are satisfied with their subscription invoicing process. As for complaints about the process, most (79%) said it requires too much effort.
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About Sage Intacct
Sage Intacct is a leading provider of best-in-class cloud ERP software. Bringing cloud computing to finance and accounting, Sage Intacct’s award-winning applications are the preferred financial applications for AICPA business solutions. In use by more than 10,500 organizations from startups to public companies, Sage Intacct is designed to improve company performance and make finance more productive. Hundreds of leading CPA firms and Value Added Resellers also offer Sage Intacct to their clients. Contact us at e2b to learn more about Sage Intacct. There’s a Reason Sage Intacct is the AICPA’s Preferred Provider of Financial Applications.