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
    Finimize

    Finimize

    Accounting and Finance Software

    Largest, most engaged finance community

    $1M

    10K

    30

    2016

    Accounting and Finance Software

  2. 02
    CASSA

    CASSA

    Accounting and Finance Software

    Cassa is a SaaS solution, which has chosen to explore digitalizing the communication between accountants and entrepreneurs.

    $990K

    $820K

    11

    Accounting and Finance Software

  3. 03
    PocketSuite

    PocketSuite

    Accounting and Finance Software

    PocketSuite is the app for anyone with clients.

    $980K

    10

    2016

    Accounting and Finance Software

  4. 04
    Necho

    Necho

    Accounting and Finance Software

    Provider of Expense Management Automation(EMA) services. The company allows companies to control and automate the processing of expenditures incurred by an employee on behalf of the business.

    $947K

    13

    1995

    Accounting and Finance Software

  5. 05
    Tolteck

    Tolteck

    Accounting and Finance Software

    Tolteck facilitates craftsmen life through digital. Our product is a commercial management SaaS enabling craftsmen business by helping them manage their time, customers and commercial documents.

    $911K

    11

    2016

    Accounting and Finance Software

  6. 06
    SPOSEA

    SPOSEA

    Accounting and Finance Software

    SPOSEA provides best of breed solutions for : Price Data Optimisation & Management, Price Data Maintenance, Configure Price Quote, Margin and Profit Simulation, Dynamic Pricing for Geo Target Price Optimization, E-Commerce Dynamic Price Optimization

    $902K

    $411K

    11

    2015

    Accounting and Finance Software

  7. 07
    Billbooks

    Billbooks

    Accounting and Finance Software

    invoicing, estimations, expenses, reporting, finance

    $900K

    5K

    5

    2011

    Accounting and Finance Software

  8. 08
    VersAccounts

    VersAccounts

    Accounting And Finance Software

    Developer of an enterprise resource planning system designed to meet the needs of medium size businesses as well as regional branches of global organizations. The company's system provides features such as multi-entry accounting, purchasing and order manag

    $889K

    14

    2008

    Accounting And Finance Software

  9. 09
    Clear-Books

    Clear-Books

    Accounting and Finance Software

    Accounting software for small businesses and accountants in the UK. Create invoices, track purchases and view reports. HMRC recognised. Take a free trial today.

    $862K

    $137K

    11

    2008

    Accounting and Finance Software

  10. 10
    Jetpack Workflow

    Jetpack Workflow

    Accounting and Finance Software

    Provider of accounting workflow management platform intended to power growing firms. The company accounting workflow management platform offers a cloud based software to the accounting industries that enables them to manage, track and automate recurring cl

    $852K

    16

    2014

    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.