By David Appel, Sage Intacct
As part of Sage Intacct’s virtual Modern SaaS Finance Summit, Bessemer Venture Partners’ Byron Deeter discusses their State of the Cloud 2020 report and perspectives for CFOs guiding their companies into the rebound phase of the pandemic crisis. Access the full video and the other summit sessions here.
David Appel, Head of Software and SaaS at Sage Intacct, spoke with Byron Deeter about the cloud report, as well as the updated version of the Six C’s of Cloud Finance, including a new metric of the Cash Conversion Score. The “Six C’s” are the six metrics Bessemer recommends to track and measure your cloud or subscription business. Here are the top takeaways from their conversation.
- There is still upside in the market
While there’s a lot of disruption happening right now, the trends in the cloud industry show a much broader growth trajectory over time. Bessemer’s research shows there’s great momentum you can build on as you transition from reaction to action in the coming months. Simply put, the early entrants into the cloud market conducted the experiments for us. They created sustainable, predictable business models that can be used today.