Don't spend another minute on that Revenue Rec spreadsheet!
March 03, 2019
Don't spend another minute on that Revenue Rec spreadsheet!
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with SaaSOptics
I am an outsourced controller and selected SaaSOptics for my client who sells software as a service on a subscription basis. After attempting to track deferred revenue using an Excel spreadsheet, I knew that there had to be a better way. SaaSOptics allows us to track our contracts, automate billing and payment and generate very useful financial and analytic reports that allow us to better manage the business. It's also taken a huge burden off me as a controller when it comes to generating financial statements using Revenue Recognition.
- Tracks revenue recognition and provides journal entries, simplifying the accounting process
- Provides monthly and annual revenue recognition reports and analytics that allow us to manage the business more easily
- Maintains all of our relevant contract info, including attachments
- Automates recurring billing and payments
- The dashboard is difficult to customize
- I would like to be able to delete report snapshots and have a better way to organize saved reports
- Chat feature for help would be nice
- Not sure about ROI yet because we've only been using it for about 4 months, but it is saving time.
- Our management team now has standard reports with which we can manage the business.
I researched other options for Revenue Recognition, but SaaS integrates with QB Desktop, was reasonably priced and met all of our objectives.