The latest Pulse of SaaS report shows how changing economic factors have impacted more than 500 Software-as-a-Service companies with annual recurring revenue from $1 million to $10 million.
NEW YORK, March 20, 2024 /PRNewswire/ -- Capchase, the revenue acceleration platform for Software-as-a-Service (SaaS) companies, today announced its fifth Pulse of SaaS report, analyzing 10 core metrics of SaaS companies to understand recent trends based on annual recurring revenue (ARR).
The report revealed software buyers are harder to acquire, slowing contract purchases and extending payment timelines, reflecting increased contract scrutiny and challenges in overdue invoice collections. Despite these obstacles, the industry remains resilient, with varied trends observed across businesses of all sizes.
Highlights from the Capchase Pulse of SaaS analysis include:
"The SaaS industry has undergone immense change over the last two years, and our latest report shows how the industry has adapted to these changes based on hiring efficiency, product fit, sales efficacy, and overall financial health," said Miguel Fernandez, co-founder and CEO of Capchase. "The underlying factors responsible for the industry's strength vary greatly by company size, and these benchmarks help all companies pinpoint business operations that can be improved for better efficiency and growth."
The highlights and other insights from the Pulse of SaaS report underscore the need for solutions to automate collections, improve sales velocity, and address efficiency. At the same time, it shows the industry continues to adapt to changes in the market for sustained growth. Capchase supports high-growth SaaS companies to sustain momentum, capture unrealized revenue, and make buying software easier through its financing and payment products, such as Capchase Grow, Capchase Collect, and Capchase Pay.
To read the latest Pulse of SaaS report, and to learn more about Capchase's revenue acceleration platform, please visit www.capchase.com.
About Capchase
Capchase empowers B2B SaaS companies to grow faster through non-dilutive capital and payment solutions. Founded in 2020 and headquartered in NYC, we've made more than $2B in funding available to the SaaS industry and helped over 5,000 businesses and partners grow their revenue through our tools. We also support global financial institutions through our Lending Infrastructure product, which provides banks with universal data aggregation, underwriting, and monitoring technology to advance their financing roadmaps. Capchase operates in 10 countries in North America and Europe, and was recognized as one of Fast Company's Most Innovative Companies and Forbes' Next Billion Dollar Startups in 2023. To learn more about Capchase, visit capchase.com.
SOURCE Capchase
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