In more traditional business models, the difference between cash collection and revenue recognition is often subtle, delivery of the product happens at the time of the transaction. For SaaS companies, it’s not so simple. Revenue should be recorded depending on how it accrues over time. You should only ever recognize revenue when the entire revenue-generating process is complete i.e., you must not recognize revenue until the contract’s performance obligation has been met and accepted.
Automation has become essential for financial management. To make informed decisions, businesses need real-time insights into cash flow, customer behavior, and entity performance. Without these insights, adapting to changing circumstances becomes a challenge.
Stephen Kai, Director of Finance.
Paul Fortson, Director of Financial Systems.
Bill Breitenbach, IT Director.
