article thumbnail

When should you hire a CFO?

SaaSHolic

It just so happens that these CEOs typically prioritize pressing operational needs (a sales rep, a developer, etc.), instead of hiring someone to take care of the company’s finances. Meaningful Traction: $2M-5M ARR → Finance Leader That’s the stage when your finance department is taking shape (or should be!).

article thumbnail

How to build a successful Embedded Payments strategy Part 4 | Episode 36

Payrix

For a business to operate efficiently and successfully today, they must be able to process digital payments. Embedding payments into your software platform makes that possible and enhances the criticality of your software platform to your customers’ operation. You know the inflection point of a decision.

Payments 162
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

3 ways SaaS CFOs can prepare for hypergrowth in 2022

OPEXEngine

It is not just a finance focus, but your job is to facilitate the view through every aspect of your business. When structured correctly, finance can improve overall operational efficiency by helping all the operators be more thoughtful about their business. Automate to future-proof your business.

article thumbnail

SaaS Cost of Goods Trending Down – By How Much?

OPEXEngine

Downward trending cost of goods (COGs) benchmarks are improving SaaS gross margins. Cliff Rosell, founder Lazy Genius Solutions (an outsourced finance and RevenueOps firm) says, “I’ve been seeing the difference between Customer Success and Customer Support defined as Reactive (Customer Support), Proactive (Customer Success).”.

article thumbnail

How to Work With a Consultant: The Ultimate Guide

Neil Patel

This includes: Questions about your current benchmarks , segment objectives, and overall goals. Operations Consultants. These are individuals or agencies that can help clients improve operations efficiency and performance. and secondary functions (finance, supply chain, HR, legal, etc.).

article thumbnail

SaaStr Podcast for the Week with Automation Anywhere and Algolia — January 17, 2020

SaaStr

To date, Automation Anywhere has raised over $840m in financing from Salesforce Ventures, Workday, General Atlantic and NEA, to name a few. Maybe it is an uptake in revenue or a marketing generation or it’s operational efficiency in a number of different verticals.

CTO Hire 133
article thumbnail

Facing economic challenges in Customer Success? Revisit the foundations of your program

ChurnZero

You can’t help any of your customers effectively if you aren’t operating efficiently. By analyzing your journey, you can discuss tradeoffs between headcount and the customer experience with real data, which is much more effective than an emotional plea to your finance team. Thinking this way is a mistake.