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The SaaS Bookings Report | Why it Matters

The SaaS CFO

One of the reports that contributes to this routine is the bookings report. Of course, you may not speak the bookings language, but the concepts are still the same for a self-service SaaS product. The bookings report is in my top five SaaS reports. […].

SaaS 52
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Expensify Joins 2023 SaaStr Annual as Unicorn Sponsor!

SaaStr

We’ve used Expensify ourselves at SaaStr for years to manage our team’s expense reports, and we’re excited to have Expensify back even bigger and better this year, and to partner with Expensify on their Chat app as well. It’s free to get going! appeared first on SaaStr.

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The Top 10 Important Finance Mistakes First Time Founders Make

SaaStr

SaaS accounting and finance has gotten pretty complicated, and the impacts of getting it wrong have gone up substantially. Was it misunderstanding bookings vs. ARR vs. GAAP revenue, was that the issue? But in SaaS, once you even get to about $2m ARR — it’s time to get your finances in order. from Dotcom to SaaS era.

Finance 323
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ChartMogul: SaaS Growth Rates Peaked in Q1’21 — And Have Fallen Ever Since. But They Did Rebound A Smidge in 2023.

SaaStr

So ChartMogul pulled together some nice data and statistics across its 2,100 SaaS customers and users for its 2023 Benchmarks report here. My favorite hart is this one, that tracks how Top Quartile SaaS companies have grown the past few years: What it shows it what we all sort of know, but puts specifics on. Like a rock.

SaaS 210
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You’re Holding Your Business Back If You’re Not Automating These 5 Processes

SaaStr

But—and no one knows this better than you—SaaS solutions can save your team so much time. This means collecting and reporting on sales tax isn’t just a time-suck—it’s a liability. Save yourself the hassle by automating your sales tax collection and reporting. 1 Sales tax. Your accounting team hasn’t either. 2 Bookkeeping.

Business 318
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Sales Reps Really Do Have to Close 4x-5x What They Take Home, and More: Iconiq’s Sales Compensation Guide

SaaStr

I didn’t so much learn from it as confirm — confirm things I’ve seen, known, and put into practice, and seen it confirmed across many SaaS startups. SaaS Companies Are Still Paying 5%-20% Higher OTEs in “Tier 1” Cities like SF, NYC, etc. My top take-aways: #1. CSMs Are Pushing Up to 20%. SDRs $85k-$95k.

Scale 271
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5 Interesting Learnings from ServiceNow at $7 Billion in ARR

SaaStr

But new bookings aren’t really down, either. That’s pretty efficient for SaaS. #5. But many in SaaS are seeing tougher times in Europe than North America. Microsoft also reported strong growth overall and for Azure and Cloud especially. 5 Interesting Learnings: #1. Steady, steady, steady strong growth.

Azure 254