You think managing a SaaS company is a challenging endeavor? Well, managing the financials of a SaaS business is even more challenging.
Multiple business specifics complicate financial management and reporting of a SaaS venture. Yet, it is exactly financial management that often makes the difference between a successful business, attracting investments and a failing venture, burning cash on unsustainable actions.
The current unprecedented health and economic crisis poses a challenge to many companies to make reasonable forecasts for their business in the next 2021.
At the same time, the planning process, especially in times of crisis, is crucial and has a decisive role in evaluating the organization.
As the COVID-19 outbreak developed gradually, organizations are experiencing or anticipating considerable operational, financial, and liquidity challenges. Although we all know that the outbreak will end and the world will get back to “normal” at some point, it’s going to be a while.