Rethink Commerce Blog

Finance & IT

Ready or Not? – The New Role of the CTO in a Change-driven Business Environment

Posted on October 9th, 2014 by

Strange noises fill the remote area you’re walking toward. A part of the building you’ve never been before, it’s full of unfamiliar symbols and signs, not to mention sounds – the incessant beeping and whirring. You’ve now gone farther into the unknown than ever before. Silent creatures scowl at you in annoyance as you enter the room, then exchange glances among themselves as if they know you don’t belong here. You curse yourself once more for undertaking this perilous journey, but you are in need of ancient knowledge, and only the Chosen Few can help you now… […]

Savings on Both Sides: Vendor and Client Perspectives on the Financial Advantages of SaaS – Part II

Posted on January 28th, 2014 by

As the title says it as well, this is the second part of a blog post series that provides an overview of how SaaS can reshape a company’s finances in multiple areas, from the high-level business model implications to support and compliance. We’ve already covered aspects such as the benefits of onboarding in SaaS or renewal and upgrades, while in the current post we’ll dive into maintenance and support, compliance, partner relationships as well as revenue recognition. The purpose of it all is for software companies to understand how SaaS will transform their business, from a finance pov and more. […]

Savings on Both Sides: Vendor and Client Perspectives on the Financial Advantages of SaaS – Part I

Posted on December 12th, 2013 by

As new trends transform the software industry, it can be hard to stay on top of changing technologies, much less their impact on company finances. While software-as-a-service (SaaS) is often seen as a technical and marketing/ business endeavor, the model has major implications for finance as well. SaaS speeds up interactions and gathers more detailed data for professionals at all levels of the organization, changing every aspect of how software companies operate. […]