LAS VEGAS, Nov. 11, 2015 /PRNewswire/ -- Intacct
Advantage 2015 – Intacct, a leading provider of
best-in-class cloud ERP software, today announced a new
relationship with Pacific Crest Securities, technology specialists
of KeyBanc Capital Markets Inc, a leading technology investment
banking firm with expertise in Software-as-a-Service (SaaS) as well
as other high-growth sectors, including Cloud and big data, global
internet, mobility, next-gen infrastructure and communications, and
industrial and energy technologies. The two companies are joining
forces to integrate benchmarking data from Pacific Crest's annual
Private SaaS Company Survey into the Intacct Digital Board Book for
SaaS Metrics, a set of real-time reports, charts, and Intacct
Performance Cards that provide accurate metrics and insights
essential to successfully growing a SaaS business. This will allow
mid-sized SaaS companies for the first time to see real-time
comparisons of their performance relative to peers and pinpoint
specific levers for improving their execution.
The inclusion of benchmark data from Pacific Crest's annual
survey of privately-held SaaS companies into Intacct's Digital
Board Book for SaaS Metrics will automate the calculation of a
company's performance metrics according to standardized definitions
and provide for instant comparisons of relative performance based
on the freshest industry benchmarks. With real-time insights into
performance relative to plan, as well as their peers, management
teams can make the best-informed decisions to quickly adjust their
operations.
Traditionally, management teams have found it difficult to make
meaningful comparisons with other firms due to differences in how
individual companies tailor the calculation of SaaS metrics such as
churn and contracted monthly recurring revenue (CMRR), in order to
reflect their specific go-to-market strategies. Finance teams would
have to manually source representative and reliable benchmark data,
collate benchmark and company performance data in spreadsheets, and
then manually calculate variances—increasing workload and the scope
for errors as company performance data or industry benchmark data
changes.
Using Intacct Performance Cards tied to the Pacific Crest data
on their Intacct Digital Board Book, executive teams will now be
able to quickly make meaningful, "apples-to-apples" comparisons of
their performance versus similar companies thanks to automated
calculations of metrics based on standardized definitions. These
real-time comparisons against regularly refreshed benchmarks
provide executives with instant insights into relative performance,
helping them make the best-informed decisions to optimize their
strategies.
"Comparing financial and operational results versus prior
periods is an important component of driving growth for any SaaS
company," said David Spitz, Managing
Director, Software and Security, Pacific Crest Securities.
"However, to truly build a world-class organization, SaaS company
executive leadership and CFOs need to benchmark their performance
relative to peers in order to identify specific areas for
operational improvement and validate that performance targets are
realistic. We're excited to be working with Intacct to make it
easier for SaaS companies to leverage our survey data and validate
performance metrics."
"Pacific Crest has its finger on the pulse of fast growing
companies and helps SaaS companies track their growth using
powerful benchmark data," said Dan
Miller, VP of Product Management at Intacct. "By integrating
this data right into our Performance Cards, we're making it easier
for Intacct customers get this info at their fingertips. We are the
only ERP vendor enabling CFOs and other executives at SaaS
companies to instantly compare their performance against industry
benchmarks, right from within their financial system."
Benchmark data from Pacific Crest's annual survey of
privately-held SaaS companies is expected to be available in
Intacct's Digital Board Book for SaaS Metrics starting in the first
quarter of 2016.
About the Pacific Crest Private SaaS Company Survey
Pacific Crest's Private SaaS Company Survey is one of the leading
reference materials on financial and operating benchmarks for the
SaaS sector. Covering respondent data ranging from revenues, growth
and cost structure, to SaaS operations, distribution strategies,
customer acquisition costs, renewal rates and churn, the annual
survey has become an invaluable benchmarking tool for the
performance metrics of SaaS companies, helping to steer decisions
for success among SaaS companies and their investors. Each year
hundreds of senior executives from SaaS companies around the world
participate anonymously and confidentially in this survey.
About KeyBanc Capital Markets and Pacific Crest
Securities
KeyBanc Capital Markets provides deep industry expertise and
capital markets and advisory solutions to companies in targeted
verticals which include Consumer & Retail, Healthcare,
Industrial, Oil & Gas, Real Estate, Utilities, Power &
Renewables, Diversified Industries, and Technology, through Pacific
Crest Securities. With nearly 750 professionals across a national
platform, the firm has more than $25
billion of capital committed to clients. Our award winning
Equity Research team provides coverage on more than 775 companies.
KeyBanc Capital Markets and Pacific Crest Securities are trade
names under which corporate and investment banking products and
services of KeyCorp (NYSE:KEY) and its subsidiaries, KeyBanc
Capital Markets Inc., Member NYSE/FINRA/SIPC, and KeyBank National
Association ("KeyBank N.A.") are marketed. Securities products and
services are offered by KeyBanc Capital Markets Inc. and its
licensed securities representatives, who may also be employees of
KeyBank N.A. Banking products and services, are offered by KeyBank
N.A.
Pacific Crest Securities provides premier investment banking
services to the technology sector, operating at the leading edge,
where global connectivity is fueling an unprecedented expansion
cycle. We apply our knowledge of the drivers of value creation and
global network of relationships to technology — high-growth
sectors, such as Cloud and big data, SaaS, global internet,
mobility, next-gen infrastructure and communications, and
industrial and energy technology. As a result, our clients —
technology's foremost institutional investors and market leading
companies — rely on us to achieve superior returns and gain
competitive advantage from the seismic shifts occurring in
technology. Our sector bankers and transactional specialists
collaborate to help clients identify and implement the right course
of action, whether a financing, M&A or alternative event.
About Intacct
Intacct is a leading provider of best-in-class cloud ERP software.
Bringing cloud computing to finance and accounting, Intacct's
award-winning applications are the preferred financial applications
for AICPA business solutions. In use by more than 10,500
organizations from startups to public companies, Intacct is
designed to improve company performance and make finance more
productive. Hundreds of leading CPA firms and Value Added Resellers
also offer Intacct to their clients. The Intacct system includes
accounting, cash management, purchasing, vendor management,
financial consolidation, revenue recognition, subscription billing,
project accounting, fund accounting, inventory management, and
financial reporting applications, all delivered over the Internet
via cloud computing.
Intacct is headquartered in San Jose,
California. For more information, please visit
www.intacct.com or call 877-437-7765. Connect with Intacct on
LinkedIn, Facebook, Twitter, Google+, and YouTube.
Intacct and the Intacct logo are trademarks of Intacct
Corporation. All other company and product names mentioned herein
may be trademarks of their respective owners.
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