Mesh Blog

Businesses today rely on a range of software to improve efficiency and productivity. The use of digital tools has significantly increased during the COVID-19 pandemic, with more people working from home than ever. As a result, Skype, Zoom, and Slack have become a daily part of our lives, among other pieces of software. Statistics show businesses spent 50% more on SaaS (software as a service) in 2020. Additionally, 47% of companies plan to increase their cloud and SaaS investments in the future. As businesses add more and more SaaS tools to their tech stack, there’s a growing need for better ways to manage and track SaaS.

Here’s what you need to know about SaaS operations management.

A business has a wide range of expenses. Whether it’s travel or SaaS subscriptions, the money leaving an organization has a direct impact on your bottom line. As a result, it is necessary to stay in control of your company spending to maintain a positive cash flow.
A spend management tool can go a long way to improve visibility and keep track of business spending. In addition, it can help you uncover cost-cutting opportunities and avoid unnecessary expenses.
Most importantly, you can have all your payment data in one place for a single source of truth.
However, not all spend management solutions are made the same way. As a result, you should assess the features of any tool before paying to get the best deal.
Below are the top 5 essential features for any spend management tool to provide assured returns.

Financial accounting is one of the most important procedures in your business operations. It ensures that all the company funds are measured and managed. By keeping track of the income and expenditure in a detailed manner, you are able to minimize the risk of undue losses and mismanagement.

With that in mind, here is an accounting checklist with 10 vital processes to help you keep track of company funds.

The finance department is one of the most crucial teams of your business. The performance of your finance team can make or break your business and affect your bottom line.
As a result, it is essential to structure your finance team the right way to maximize productivity. A proper finance team structure can also improve your financial decisions and cash flow.
So, here is a guide to help you structure your finance department like a pro.

Cash flow is one of the most important things that you’ll need to know about when you’re managing a business. Regardless of whether you’re a part of a small business, or in charge of a huge brand, cash flow management is one of the essential basics.

In this article, we will discuss all the basics of cash flow that you need to be aware of. By the end of it, you will have a clear idea of what cash flow is, how it affects your company and some tips to manage it.

Financial planning is key for every company, no matter how big or small they are. But, according to Gartner, only 3% of companies have financial planning procedures that are actually integrated into the business procedure.

So, what does financial planning really mean? How does it help businesses and what is the role of a financial planning team in the functioning of a company? We will answer all these questions and more in this blog post.

Operating under a budget is the sign of every successful business. Regulating the cash flow can help you eliminate unnecessary and redundant costs from your operations.

Most businesses resort to using Google Sheets or Excel as the tool to keep a track of their budget. Unfortunately, Forbes projects that 88% of business budget spreadsheets contain some form of errors. Your finance department is much more prone to errors when tracking the costs manually.

The margin for error is quite large when you are using spreadsheet software for keeping track of sales and expenses. This is true especially when the number of transactions shoots up.

Business budgeting tools can help you out with maintaining your budget and ensuring that the expenditure is not out of line. No matter how big or small your brand is, a budgeting tool is often the best investment that you can make to ensure that you eliminate unnecessary expenses.

Apps you use on a daily basis, such as Google Drive, Docs, Dropbox, HubSpot are all part of the SaaS category. SaaS stands for Software as a Service and refers to a subscription-based model where service-providing software can be accessed using external servers.

The rise of cloud computing has helped in the growth of SaaS a lot, since software is stored on external servers. Users often need only a web browser to access the software since there is no installation needed.

SaaS subscriptions often cost less than businesses having to purchase a number of software licenses for their employees. But, the recurring costs can often add up to be much more than expected. On average, a company spends $5700 on SaaS for every employee.

So, there is a need to ensure that the SaaS spend for a company is regulated and that all costs are accounted for. This ensures that there are little to no unexpected losses involved when the financial reports are generated at the end of the term.

With that in mind, here are five efficient ways to help you manage your SaaS spend better and reduce the likelihood of unexpected costs.

Business credit cards are given out to both small and big brands. Unlike personal credit cards, business credit cards are intended to be used by companies. This will help them build a credit profile to help them earn better terms while borrowing in the future.