Why Do You Need An Authorized Reseller of SaaS
From the legal point of view, an authorized reseller is responsible for the collection and payment of VAT, GST or Sales Tax to the appropriate government agency. One of the key benefits of using Transaction Cloud is that we are your authorized reseller and merchant of record in all countries for the transactions with your buyers.
Most Important Metrics To Grow SaaS Business
You have developed an incredible SaaS product and now want to grow the customer base but you don’t know what metrics you need to focus on and optimize. Here are the key metrics that you should pay close attention to in order to grow your business rapidly.
Building Successful SaaS Business From Ground-up
SaaS is a rapidly growing segment of the digital market. It has wide acceptance among customers. In this article, we will discuss the 8 key steps to building a successful SaaS business from the ground up.
1. Research and identify a solution for a problem
2. Interview potential customers and validate your solution
3. Engage an enabling customer
4. Define USP (unique selling proposition)
5. Develop a pricing strategy
6. Develop a customer acquisition process and necessary tools
7. Develop a customer loyalty process
8. Soft launch, and continuous improvement
Why not to reinvent the revenue stack "wheel"?
Developing and implementing the payment, sales tax / VAT / GST, subscription and fraud prevention engine sounds theoretically simple but it has several apps within each app of the system. These apps interact with each other as per defined workflows while being flexible to handle several use cases. There are countless nuances that would nullify any savings that come from building your own payment, sales tax / VAT / GST, subscription and fraud prevention stack.
Are you selling SaaS and breaking sales tax laws globally?
From tax point of view, it doesn't matter if you have a physical presence in any of the countries you are selling in, you are still responsible to know the sales tax laws of those countries. You are responsible to register, calculate, issue invoice as per the requirements of law, collect, file and remit taxes to the government.
Why SaaS companies are switching from FastSpring to Transaction Cloud?
In our interviews with vendors who have switched from FastSpring to Transaction Cloud we have learnt several reasons. Let me highlight some of the key reasons: a) Checkout Experience b) Multiple Wallets c) Quicker Go to Market d) Better Cost Control e) Transparency