The Top Accounting and Finance Software SaaS Companies

As of Jan 2020, these 127 SaaS companies are the largest in the Accounting and Finance Software space. (Click to apply)

This list tracks the largest private B2B Accounting and Finance Software SaaS companies by revenue. In total, this list features 127 companies with combined revenues of $2.5B.

These companies have raised a total of $302.5M. Together, these Accounting and Finance Software saas companies serve 5M customers and employ over 22K on their teams.

$0 - $1M ARR
  1. Finimize $1.0M
  2. CASSA $990.0K
  3. PocketSuite $980.0K
  4. Necho $947.0K
  5. Tolteck $910.9K
$1M - $5M ARR
  1. Tesorio $4.9M
  2. Goby $4.9M
  3. Parasut $4.7M
$10M+ ARR
  1. Checkout.com $450.0M
  2. Xero $450.0M
  3. OneSpan $201.0M
  4. SpeedTax $125.2M
  1. 01
    DataServ, L.L.C.

    DataServ, L.L.C.

    Accounting and Finance Software

    For over 26 years, DataServ has delivered cloud-based Accounts Payable automation solutions that enable accounting departments to remotely standardize processes, eliminate data entry, increase accuracy, and allow teams to focus on higher value tasks. As pi

    $9M

    110

    1994

    Accounting and Finance Software

  2. 02
    ZipBooks Software Solutions Pvt

    ZipBooks Software Solutions Pvt

    Accounting and Finance Software

    Online GST Ready Accounting Software for Small Business in India - ZipBooks is very simple and easy to use cloud based GST Ready accounting software designed specifically for small businesses.

    $9M

    37

    2015

    Accounting and Finance Software

  3. 03
    Owlgrin

    Owlgrin

    Accounting and Finance Software

    You were made to #StandOut. Now and Always. (The company behind @horntell.)

    $9M

    10

    2013

    Accounting and Finance Software

  4. 04
    Fyle

    Fyle

    Accounting and Finance Software

    AI powered expense tracking, powerful policies and audit-ready reports - Fyle is the best expense management software for your business and employees. Fyle helps you reimburse your employees 3 times faster with the help of automatic expense tracking wh...

    $9M

    $10M

    96

    2016

    Accounting and Finance Software

  5. 05
    MobileXpense

    MobileXpense

    Accounting And Finance Software

    Developer of a SaaS-based travel and expense management software. The company's software provides an easy calculation of daily expenses in a flexible manner and simplifies the process of managing expenses, enabling clients to control their expenses on a da

    $9M

    $24M

    124

    2000

    Accounting And Finance Software

  6. 06
    bexio

    bexio

    Accounting and Finance Software

    bexio. Business software for small businesses, startups and self-employed individuals ✔ Online access from any place ✔ Swiss quality ✔ Test now for 30 days free of charge!

    $8M

    $13M

    101

    2013

    Accounting and Finance Software

  7. 07
    Floqast

    Floqast

    Accounting and Finance Software

    FloQast close management software, created by accountants, simplifies your monthly close with a centralized checklist and automated tie-outs. Learn more.

    $8M

    $230M

    1K

    251

    2012

    Accounting and Finance Software

  8. 08
    Yuanian Technology

    Yuanian Technology

    Accounting And Finance Software

    Provider and developer of financial management software and services designed for enterprise information management. The company built and sells intelligent management platform, comprehensive budget management software, consolidated report management softw

    $8M

    127

    2000

    Accounting And Finance Software

  9. 09
    PaySimple

    PaySimple

    Accounting and Finance Software

    Businesses come to PaySimple with a simple, but important need – a better way to accept payments. Developed for the unique needs of service-based businesses, PaySimple delivers flexible payment and billing solutions that are preferred by over 20,000 bus

    $8M

    95

    2006

    Accounting and Finance Software

  10. 10
    Rev.io

    Rev.io

    Accounting and Finance Software

    Rev.io's back office and telecom billing software allows you to focus your energy on innovation and growth. Discover how we can help your business today!

    $7M

    87

    2002

    Accounting and Finance Software

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What are the fastest growing companies doing?

83 of the fastest growing companies that also have the most revenue have a clear expansion revenue strategy. On average, sales reps are selling plans where starting contract value is $4,606.

Those same companies employ 1,678 sales reps that carry a quota. The most common compensation plan used by these companies is a 1:5 ratio of sales rep on target earnings (OTE) to quota. Meaning if a rep can earn $200k in base and commissions, quota target for that year is set at 5x, or $1m in new ARR closed.

If you’re going to build a high growth SaaS company, you need to figure out how to scale with quota carrying sales reps.

Which CEO’s are the most efficient capital allocators?

We can measure this a variety of ways. Which company has the most revenue per employee? What about dollars in revenue compared to dollars raised? What about time, which founder went from $0 to $10m the fastest?

Looking deeper at dollars in revenue compared to dollars raised, bootstrappers take the cake because they self fund (denominator zero). When we look at companies that have raised at least $1m, Actito is the clear winner generating $21m in revenue, growing 100% yoy, on just 1m raised ($.05 dollars raised for every $1 of revenue).

Omnisend comes in a close second with $.08 dollars raised for every dollar of revenue. Doing $19m as of December 2020. Proposify gets honorable mention with $0.46 dollars raised (3.25m) for every dollar of revenue ($7m).

The worst performers here are companies like YayPay with $3.68 dollars raised ($14m) per dollar of revenue ($3.8m). Many of the worst performers just did a round of funding and haven’t had a chance to deploy to drive growth yet. That makes this data less valuable but still illustrative.