Industry Ebook - Accounting Seed [High Tech/Software]

HIGH TECH/SOFTWARE Here’s how Accounting Seed Industry Insider can help small to midsize software companies like yours. Do away with manual processing. Use click-not-code automation for daily accounting tasks. Establish a single source of truth. A one-platform solution means there is no need for connectors or sync tools. See how our partner Accounting Seed tackles Easily customize. challenges in the software industry. From big-picture Tailor daily tasks, reporting, permission sets, problems, to the specific needs of a director of and more by user or company needs. finance, Accounting Seed has it covered. A flexible and fully customizable solution, Accounting Seed completes the Customer 360 by bringing users an accounting solution fully native to Salesforce. Streamline your operations from lead to ledger with one source of clear financial data. Keep reading for an example of how Accounting Seed could help a director of finance ensure that their business has the tools to function at the highest capacity toward growth.

The Big Picture Accounting Seed helps software companies manage e-subscriptions and provide unique customer Automate revenue experiences by streamlining processes in billing, recognition. revenue recognition, and project accounting. The Challenge: Tasks associated with revenue recognition can take hours to complete and track. The Solution: With Accounting Seed, businesses can easily track deferred revenue from opportunity to close to ensure Set up click-not-code they are within budget and on recurring billings. track to achieve goals. The Challenge: Once a subscription or contract is closed, businesses need a way to keep payments coming in without having to process each invoice manually or set up reminders for themselves to process them. The Solution: Accounting Seed makes it easy to set up a recurring billing, add it to the customer account, and send out notification emails to multiple clients. Customize reports. The Challenge: Software companies spend a lot of Enable on-platform time generating reports about revenue, retention project accounting. rates, and project profitability. The Solution: Accounting Seed helps you create The Challenge: Integrations and sync tools custom reports that run at the click of a button. are expensive. Once a custom report is set, all you need The Solution: Accounting Seed’s Salesforce to do is hit “run report” for the latest. native solution for project accounting ensures operations run smoothly.

The Close-Up How Accounting Seed Solves Lloyd’s Challenges See how a director of finance and operations could use Accounting Seed to ensure all departments have Automation the data they need to do their jobs well and that all operational activities are running smoothly. With Accounting Seed, Lloyd can help his team reduce the accounting lifecycle by 15%–20% each month while increasing growth and profitability YOY up to 40%. Automation of key tasks related to billings, revenue recognition, and other accounts receivable functions ensure that his accounting teams are spending more of their time analyzing the data than they are processing it. This takes a huge burden off the team, and allows Lloyd to keeping staffing costs low, too. Single Platform LLOYD DOBLER Everything on one platform means that all departments are Director of Finance and Operations working with the same data, cutting human errors by nearly 90% Best Software Co. and increasing visibility for the company. Whatever the client Lloyd needs to help his team reduce the accounting lifecycle, eliminate management team sees, the accounting team sees. And whatever mistakes, and be ready to help the CFO analyze data at anytime. the accounting team sees, the senior management team sees. His Goals: His Challenges: Custom Reporting - Help his team reduce the accounting lifecycle - Outdated manual processes. Lloyd spends less time creating reports with Accounting Seed’s - Multiple platforms. built-in custom reporting tool, prebuilt with several standard and - Drastically cut down on errors management reports. Now he can quickly and easily show details - Be ready to step into a board or management - Unwieldy, time-consuming reporting tools on the financial health and growth of the company. team with clear reports at any time Learn more about Accounting Seed