I'm often asked how we developed our methodology to CFO work. In large part, that’s because of my background. SaaS Gurus takes an innovative, multi-tier approach to part-time CFO work because I wasn’t a finance and accounting person from the beginning.
Six Sigma Methodology is used to improve business processes by focusing on statistics and process design principles. Using this methodology sets SaaS Gurus apart from the traditional part time CFO. Rather than focusing solely on accounting and finance, we implement Six Sigma Methodology to set businesses up to resolve or prevent business issues before they arise.
A lot of fractional CFOs may not know SaaS in particular. Instead, they know another industry. Those fractional CFOs are going to come up with a solution that's close, but not ideal. They're going to build in inefficiencies and imprecision from there.
This was a FinTech application company that we partnered with as a SaaS consultant. The problems that we had at the before stage were the CEO was spending 40% of their time getting the numbers. You can imagine how aggravating that is when you’re not spending time and attention on sales and development.
We talked about the Profit and Loss statement laid out in roll ups in our previous article. Now we are going to explain how to translate this Profit and Loss statement into what amounts to an actual versus budget analysis.
In this tutorial we take a deep dive into a SaaS Profit and Loss statement and explain how to use roll up accounts to do an actual versus budget, department by department.
Following these budgeting strategies early on will help your SaaS startup with cashflow, forecasting and avoid wasted time that should be spent building your business.
Your finance and stakeholder system is like your company's reef. It’s important to make sure that your ecosystem is healthy and that everything in it fits together and is in harmony. This allows you to concentrate on the tasks that are important to your business. So what does a healthy finance and stakeholder ecosystem consist of?
We recently covered the common financial pitfalls that create the Tech Pile but how do you fix it? Here's how our fractional CFO services at SaaS Gurus can get you back on track.
Hiring a Michigan SaaS Financial Consultant can ensure your finance and stakeholder ecosystem is set up for success at the early stage of your business. Here's what problems can occur when you don't set up your F&S Ecosystem correctly from the start.