Choosing ERP for SaaS companies is usually triggered by revenue. Once contracts include annual prepayments, upgrades mid-term and multi-year deals, recognizing revenue in a spreadsheet stops being defensible to auditors or investors. Lucentive helps software companies move that work into the ledger.
Subscription revenue in the books
- Contracts, billing schedules and deferred revenue held in the system.
- Revenue recognized under ASC 606 from the same contract records that bill.
- Recurring revenue metrics reported from the ledger rather than a separate model.
Subsidiaries as you expand
A new country usually means a new entity and a new currency. Each is added to the existing structure, with consolidation and intercompany charges handled in the system. Entities added later follow the same chart of accounts.
Best fit for your billing and CRM
CRM and billing tools stay where your sales team works and connect to the ledger. Usage-based charges can be brought in from product data. Accounting sits at the core.
Start with the honest question
The fixed-fee ERP advisory tests whether your current setup can carry the next stage before recommending a new one.
Common questions
Do we have to replace our billing tool?
Not necessarily. If your billing tool works, it can stay and send invoices and contract data to the ledger, where revenue is recognized.
Can the system handle multiple currencies?
Yes. Each subsidiary keeps its own currency, and consolidated statements are translated into your reporting currency by the system.
When should a SaaS company move off spreadsheets for revenue?
Usually when auditors or investors start testing revenue recognition, or when multi-year and mid-term-change contracts become common. The assessment will tell you where you stand.
What happens to our historical contracts?
Active contracts and their schedules move into the system, so deferred revenue ties out from the first month after go-live.
Who does the work?
Principal consultants scope, build and support the system, with a parallel close before go-live.
How we work
- Assess: a fixed-fee advisory, usually two to four weeks, built from your actual close and ending in a recommendation you can act on.
- Implement: chart of accounts, integrations and data migration, proved by a parallel close before go-live.
- Support: the principal consultants who built the system stay on after launch.
Related services: ERP for Financial Services Firms, Post-Merger ERP Integration and Cloud ERP Implementation Services. Or see all our ERP consulting services.