Finance Titans

Finance Titans FINANCE DEPARTMENT specialised for startup, small & medium SaaS businesses.

To answer essential questions on how your business is doing today, you will need an accurate SaaS dashboard.When you’re ...
25/02/2022

To answer essential questions on how your business is doing today, you will need an accurate SaaS dashboard.

When you’re growing a SaaS business, data that’s accessible in one second should be a top priority.

Here are top tips for creating an effective dashboard for you:

#1 Select the proper KPIs
#2 Identify your data needs
#3 Cleanse, group, validate and repeat your data
#4 Establish ownership and share
#5 Start using your KPI dashboard for team meetings and decision making

Your KPI dashboard is essential also for your performance evaluation. However, if you are unsure how to create a dashboard for your SaaS startup, Finance Titans can help you reach your maximum potential.

When your reports and charts aren't telling you the real meaning behind your data, your job is to create a coherent stor...
21/02/2022

When your reports and charts aren't telling you the real meaning behind your data, your job is to create a coherent story across the numbers.

If you need help with your numbers and reports, ask our friendly team to help you.

Calculating MRR and ARR is not as hard as you maybe think.The formulas are simple:MRR = $ generated by one month’s subsc...
16/02/2022

Calculating MRR and ARR is not as hard as you maybe think.

The formulas are simple:

MRR = $ generated by one month’s subscriptions
ARR = $ generated by one year’s subscriptions

However, choosing ARR or MRR means considering five factors:👇

𝟏. Subscription length
𝟐. Business model complexity
𝟑. Size of your business
𝟒. Investor interest and
𝟓. Intention

ARR gives a business a broader picture of financial health.
But on the other hand, MRR creates unique insights.

Which one you choose depends on what is good for your business.

When you stop growing, you start dying, and you don't want that to happen. Growing is essential for building a successfu...
11/02/2022

When you stop growing, you start dying, and you don't want that to happen.

Growing is essential for building a successful SaaS startup.

However, some factors can influence your growth rate.

That's why we have prepared this short list of factors you need to pay close attention to:
➡ Product usage
➡ Product engagement
➡ Conversion rates
➡ New leads source
➡ Reactivations
➡ Expansion
➡ Churn

To successfully go through all the stages, you need to understand your customer's behaviour.
Carefully optimising the factors that affect your growth will lead to your desired growth rate.

If you need help with your SaaS KPIs, ask our friendly team to help you.

Turning data into information is the act of understanding the inner nature of your business.However, understanding data ...
07/02/2022

Turning data into information is the act of understanding the inner nature of your business.

However, understanding data can help you answer how to achieve your goals, help you solve a problem, make a decision or do whatever needs to be done next.

If you have the data, use it! If you don't know how then ask our friendly team.

Creating suitable KPIs for your company is a repetitive process.For that reason, we have created a list of the most comm...
28/01/2022

Creating suitable KPIs for your company is a repetitive process.

For that reason, we have created a list of the most common criteria for building out your critical business performance measurement systems:

➡ Be objective and not based on opinion
➡ Be derived from strategy and focus on improvement
➡ Be clearly defined and simple to understand
➡ Be relevant with an explicit purpose
➡ Be specific and relate to specific goals
➡ Be precise about what will be measured
➡ Provide timely and accurate feedback

Ask yourself from time to time:
Do we achieve the benefits we are looking for?
Did we solve business challenges?

If your answer is “YES”, you are on the good road.

Monday inspiration 👇
24/01/2022

Monday inspiration 👇

Identifying new business opportunities is hard without accurate data. For SaaS businesses, accurate data means improving...
19/01/2022

Identifying new business opportunities is hard without accurate data.

For SaaS businesses, accurate data means improving business processes and telling the effectiveness of marketing campaigns.

Also, SaaS businesses use data to identify customers' needs and provide accurate revenue calculations.

There are many metrics for improving various processes; however, we will point out the most critical KPIs to consider:

➡ Customer lifetime value - CLTV
➡ Customer acquisition costs - CAC
➡ Customer retention rate - CRR
➡ Conversion rate
➡ Churn rates
➡ Net revenue retention - NRR
➡ Return on investment - ROI

Keep a close eye on your SaaS metrics - increase CLTV and ROI and reduce your CAC and churn rates.

Ask our friendly team to help you.

A cash flow forecast model shows how much money your company expects to receive and pay out over a set time frame using ...
14/01/2022

A cash flow forecast model shows how much money your company expects to receive and pay out over a set time frame using current and historical data.

Keeping track of the cash you have on deck to stay afloat is essential for making smart cash decisions.

At Finance Titans, we prepare helpful forecasting tips you need to know:

💲Understand your company’s cash usage
💲Check your forecast regularly
💲Revenue doesn’t equal cash in the door
💲Data matters!

If you have anything to add, feel free to leave a comment below. 👇

For early-stage companies, effective financial reporting is crucial for operating confidently, flexibly, and strategic...
05/01/2022

For early-stage companies, effective financial reporting is crucial for operating confidently, flexibly, and strategically.

Financial reporting is unique to every organisation.
However, pain points can be overrun with an excellent financial strategy.

The most effective strategies for making reporting faster and easier and turning reporting into an advantage are:

#1 Use the benefits of the Cloud for easily tracking down data
#2 Create a central portal for information through which all users access all information creates a single source of truth
#3 Focus on the future with the help of Titans

Translate today's data for tomorrow's decisions! Learn more at https://buff.ly/3sWbyth.

Wishing you a Happy New Year! May it be filled with new adventures and good fortunes. Friendly reminder: start measurin...
31/12/2021

Wishing you a Happy New Year! May it be filled with new adventures and good fortunes.

Friendly reminder: start measuring growth now, even if it feels early!

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