Cybercriminals are more aggressive than ever. Cybersecurity firms need to hire in-house experts with the capabilities to monitor endpoint detection and response, network analysis, ransomware and advanced threat, and more. Outsourcing functions that are not the primary business makes this possible.

The most important, yet challenging accounting aspects we manage for our ecommerce clients include categorizing every transaction, maintaining a business budget while growing rapidly, staying up-to-date with taxes, and distinguishing between returns and chargebacks. Accurate recordkeeping can be easier.

Spreadsheets, disconnected systems, and other manual processes no longer work for developing SaaS businesses, especially those with subscription services. Managing the finance and accounting operations of a traditional software company versus the emerging SaaS & IT companies is vastly different.