As a founder or leader of a B2B SaaS business, you’re focused on driving exponential growth, while at the same time operating lean. You need to get funded and stay funded and eventually get acquired. How you invest in your people, processes and technology is a balancing act that, when done effectively, can empower your team to help get you to the next level. Since your financial operations will be front and center in all funding conversations, you need to build a foundation for operational excellence in areas that will help reduce risk without negatively impacting your profitability.
It’s critical to make sure you’re balancing how you invest in your business to prepare for growth and solve the core operational problems you will face. That’s why we’ve put together the top three ways investing in financial operations can reduce risks across your business.
1. Mitigate Risk Through Systems
Instead of investing in a subscription management solution like SaaSOptics, companies often turn to one of two risky alternatives: Have a single point of failure responsible for maintaining home-grown, manual spreadsheets, or hire additional people that may cost tens or hundreds of thousands of dollars a year.
SaaSOptics is a third option that costs a fraction of the cost of hiring an accounting or finance professional, and we help you scale while allowing you to diversify visibility, responsibility and control over your financial operations function.