Maxio has announced an integration with Sage Intacct, aimed at enhancing financial operations for SaaS companies by streamlining billing and revenue recognition.
The partnership intends to simplify the quote-to-cash process for B2B subscription businesses, thereby addressing the growing need for scalable revenue management and reduced financial complexity.
By integrating Maxio’s billing engine with Sage Intacct’s enterprise resource planning (ERP) system, the collaboration provides a solution that automates and optimises billing processes, eliminates data silos, and accelerates business growth.
This initiative supports SaaS finance leaders in replacing manual operations and delivering smarter, data-driven decisions. Maxio, which manages over $17bn in billings for more than 2,000 companies globally, offers a platform designed to automate recurring revenue processes and enhance financial insights.
Sage Intacct has built a cloud-based financial management platform that assists small and mid-sized businesses in automating their core financial tasks. It aims to simplify operations and provide real-time compliance with GAAP standards, ensuring audit readiness.
The integration allows Sage Intacct users to automate billing models, streamline accounts receivable workflows specific to SaaS needs, and unlock over 150 metrics such as annual recurring revenue (ARR) and net dollar retention (NDR). Additionally, it is said to facilitate a 75% reduction in time-to-close financial periods, enabling finance teams to focus on strategic initiatives.
Maxio partnerships general manager Jon Cochrane said: “Sage Intacct provides the financial foundation every growing company needs.
“We enhance that foundation with the subscription-specific capabilities that software companies can’t live without: billing built for software companies, ARR analytics, and automated quote-to-cash. Together, we’re solving the whole puzzle, not just pieces of it.”
Recently, Maxio also launched Maxio CPQ, a new Configure, Price, Quote solution following its acquisition of RevOps.io earlier in March. This addition expands Maxio’s capabilities by enhancing the quote-to-cash process with greater accuracy and efficiency. The new feature aims to deliver more automation and real-time revenue visibility for SaaS businesses.
