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TechCFO Rolls Out SaaS Optics Solution

TechCFO has unveiled the latest reporting, tracking and financial management system called, ‘TechCFO SaasOptics’ for recurring revenue businesses that is far superior to traditional spreadsheets.

According to the company, this new tool delivers greater accuracy and improved quality of information for key subscription metrics like cancellation/churn, renewal rates, new bookings, average contract value and offers future performance projections based on historical results. SaaSOptics also performs contract and revenue management services, including contract renewal and revenue recognition.

The TechCFO SaasOptics would be the right choice for new ventures, start up businesses and more mature entities with tens of millions of dollars of revenue with up to 500,000 monthly transactions. SaaSOptics is specifically designed for pure-play SaaS (News - Alert) companies, software companies with SaaS initiatives, software companies with term agreements and companies with maintenance contracts, subscription agreements or recurring revenues.

Neal Miller, TechCFO partner said that SaaSOptics is incredibly powerful, simple and insightful and would highly recommend this solution for any company with a recurring revenue model. “Executives get better information much more quickly and efficiently, and they can eliminate the need for internal spreadsheet wizardry. The forecasting tool builds a new level of revenue predictability into each business," Miller added.

 SaaSOptics can be handier with other services such as subscription management services, including insight on Basic Renewal & Churn Rates; Lifecycle Renewal Rates; the ability to spot and measure key growth trends; customer lifecycle renewal curves and other analysis.

TechCFO SaaSOptics also has the power to project future bookings and revenues as well as the ability to project growth by segment, product line, geography, sales channel. With offices in Atlanta, Boston, Mid-Atlantic/Washington, DC Metro, Research Triangle Park and San Francisco, TechCFO is an executive services firm that provides experienced CFOs and senior finance professionals to deliver project and part-time financial and strategic services.


Jyothi Shanbhag is a contributing editor for TMCnet. To read more of Jyothi's articles, please visit her columnist page.

Edited by Jennifer Russell