The pandemic and the difficulties it has caused has led to strategic changes throughout all industries. While lockdowns and accelerated digital transformations continue to be major sources of opportunity for SaaS companies, they are not something to be taken on blindly.
So what is the key to taking on new opportunities in a smart and scalable way? By making sure that every decision is led by key metrics, and followed up with constant monitoring. These key SaaS metrics will help you gain deep insights into your business performance in order to make the best strategic decisions possible.
But which SaaS metrics deserve your attention? Read on to find our more about the 5 Key Saas metrics that you should always have your eye on.
All metrics have a role in highlighting the success and growth of your business. Nevertheless, we have highlighted five SaaS financial metrics you cannot afford to overlook, including:
Billforward is the best developer-focused SaaS billing platform on the market. Our native integration with ChartMogul allows you to accurately measure all of the above SaaS metrics with ease, for real-time revenue insights — as soon as you start using Billforward.
If you have a Billforward account, all data from this account can be made available and then analysed in ChartMogul. Not only does this keep your all-important metrics updated, but it also allows you to easily places where your company can improve.
Using a dependable system like this is beneficial for several reasons. Most importantly, it saves you the time and effort required to tabulate metrics manually. Along with automatic calculations, you also gain deeper insights into customer usage and where your strongest upselling opportunities lie. ChartMogul is user-friendly too, allowing you to easily produce clear reports on revenue that management will love (little do they know it didn’t take you nearly as long to produce as your outdated manual reports).
Knowing your metrics and having the right platform has two main advantages.
Firstly, it makes your job a lot easier. Secondly, it provides benefits not only for your finance team, but also for your business as a whole.
Thanks to our integration with ChartMogul, your SaaS billing platform can help you streamline revenue operations in more ways than one. Monitor the metrics and stay ahead of the curve, and, most importantly, make sure that your SaaS company stays on track with its growth targets. These reports can be generated automatically so that you can always stay up to date.
Billforward also integrates with Salesforce and Quickbooks, some of the most popular CRM and accounting software options for SaaS companies. This presents you with even more expansive reporting possibilities for all of your needs.
One of the benefits of Billforward is that it integrates perfectly with your current setup. We know you likely already have a payment gateway system that is also integrated with your website. Trying to replace it would be a hassle. Thankfully, Billforward is “Payment Gateway Agnostic”. What does this mean? This means that Billforward works with any payment gateway, giving you the freedom to grow your business fluidly and without hassle to existing customers.
Visit our page to find out more about our billing system that works with your finance team.
Why not book a discovery call with one of our billing experts and see how we can help you meet your subscription goals!