4 Types of Analytics Solutions & What They Mean for SaaS
You’re constantly making decisions that have long-term effects on your company and your products. One of the biggest decisions facing SaaS companies is how to effectively implement the right type of analytics solution for your products.
Analytics is easily one of the most under-estimated features in most product roadmaps, and I’ve been watching companies for 20 years struggle to get off the ground with their developments. There are so many choices for analytics and here I outline four distinct types of solutions that can help guide you in choosing the best type for your product.
What Is Infused Analytics For SaaS Companies?
In the SaaS world today, competition is fierce. Competition isn’t just about acquiring new customers, but also new partners and investors. SaaS founders know they need to stand out from the pack. But how and where do they create the most value and differentiation?
SaaS companies get their start in many ways. Often founders start with an industry or service that is familiar to them where they know a gap exists and then create a new software company to solve that problem. You see this in many verticals such as legal software, restaurant management, and real estate. SaaS companies exist to create solutions specifically for those industries, and their teams often know those industries inside and out.
However, a common thread within SaaS companies that specialize, is that every company’s customers expect their software provider to also be an expert at analytics, and unfortunately that simply is not the case. That’s where Infused Analytics for SaaS Companies comes in.
Wisdom of Crowds® Business Intelligence Market Study
Dresner Advisory Services has just unveiled their “2022 Business Intelligence Market Study,” an in-depth look at the business intelligence industry that ranks more than two dozen BI vendors in areas like product, service, support and overall customer satisfaction. How does your current BI vendor stack up against the competition? Who’s the perfect vendor for your business needs? Find out by downloading your complimentary copy today!
Wisdom of Crowds® Business Intelligence Market Study
Dresner Advisory Services has just unveiled their “2022 Business Intelligence Market Study,” an in-depth look at the business intelligence industry that ranks more than two dozen BI vendors in areas like product, service, support and overall customer satisfaction. How does your current BI vendor stack up against the competition? Who’s the perfect vendor for your business needs? Find out by downloading your complimentary copy today!
Wisdom of Crowds® Business Intelligence Market Study
Dresner Advisory Services has just unveiled their “2022 Business Intelligence Market Study,” an in-depth look at the business intelligence industry that ranks more than two dozen BI vendors in areas like product, service, support and overall customer satisfaction. How does your current BI vendor stack up against the competition? Who’s the perfect vendor for your business needs? Find out by downloading your complimentary copy today!
The Legal Tech Newsletter – May 2022 edition
Innovation in the legal sector is crucial, accelerated by changes in the way firms process and interact with their lawyers and clients. Innovation Managers have been tasked with creating the strategy and culture necessary for employees to experiment, while also providing the necessary resources and governance to support that experimentation. This is a lot more difficult than you'd think.
Meanwhile, legal innovation is at a pivotal point, with service accessibility, security, and cost control becoming increasingly critical components of innovation strategies. Let's look at some of the challenges that come with the job, and what you can do to overcome them.
The Legal Tech Newsletter – May 2022 edition
Innovation in the legal sector is crucial, accelerated by changes in the way firms process and interact with their lawyers and clients. Innovation Managers have been tasked with creating the strategy and culture necessary for employees to experiment, while also providing the necessary resources and governance to support that experimentation. This is a lot more difficult than you'd think.
Meanwhile, legal innovation is at a pivotal point, with service accessibility, security, and cost control becoming increasingly critical components of innovation strategies. Let's look at some of the challenges that come with the job, and what you can do to overcome them.
LogMeIn Case Study
LogMeIn was looking for a new partner to help them seamlessly handle a consistently growing invoice count and integrate with NetSuite. Their current partner had a static solution with no new releases or updates, and the team at LogMeIn wasn’t even sure whom to contact when they had questions or needed support.
The added challenge that Covid-19 brought was the shift many businesses had to make to handling all invoicing electronically. From 2019 to 2020, LogMeIn experienced a 26% increase in the number of invoices they are handling monthly.
The LogMeIn team decided to partner with YayPay by Quadient to manage their credit-to-cash process based on several factors:
YayPay has a commitment to continuous improvement, so there have been frequent updates and releases to add value to the product on a regular basis.
YayPay has a seamless integration with NetSuite, creating a more powerful solution for managing AR.
The YayPay product team was open about sharing the product roadmap and receiving ideas and feedback from LogMeIn about how their needs could be better met.
The user interface and customer portal were far friendlier and easier to use than the Salesforce.com interface they had been working with prior.
Learn more about how YayPay helped LogMeIn streamline their AR workflow, download the case study!
Become A Revenue Hero: Credit 2 Cash
Accounts receivable (AR) is central to your business health, yet still suffers through manual processes, siloed data repositories, and general inefficiency. But you can change that. You can be a Revenue Hero.
In this Credit to Cash primer, see how you can apply data management, automation, and transparency to your process in order to increase cash flow, customer satisfaction, and employee satisfaction. Be the Revenue Hero and make an impact today.
IN THIS EBOOK WE’LL COVER:
- Tips for optimizing your AR processes for greater productivity - and reducing headaches
- How automation drives higher cash flow and maximizes efficiency
- Why a self-service portal is critical to your customer happiness metric
- How to manage collections in a way that improves customer loyalty
- Why predictive analytics is a must-have for better forecasting
- And much more that covers the full credit-to-cash process!
Download the full eBook today!
CoreanGen Case Study
When the global crisis hit, CorneaGen faced a monumental challenge. The company’s days sales outstanding (DSO) was averaging 73-78 days and invoices older than 150 days represented $1.5 million of revenue. This situation needed to improve quickly, or the organization would risk facing serious cash flow problems.
The AR team struggled with significant inefficiencies caused by poor AR practices. When invoicing, old credit notes were applied to outstanding invoices. This meant that when a customer took a credit note, CorneaGen’s team had to spend time reconciling information in the invoice history. This stalled the process and took time away from revenue-generating activities.
YayPay seamlessly integrated with CorneaGen’s NetSuite ERP to unlock the company’s financial data. The team immediately benefitted from having data organized and presented on centralized, cloud-based dashboards. Customization capabilities enabled the team to create reportable fields for data, which eliminated the time previously spent scrolling through endless customer information.
Learn more about how YayPay transformed CorneaGen’s AR team – download the case study!
AI Transformation Playbook
AI (Artificial Intelligence) technology is now poised to transform every industry, just as electricity did 100 years ago. Between now and 2030, it will create an estimated $13 trillion of GDP growth. While it has already created tremendous value in leading technology companies such as Google, Baidu, Microsoft and Facebook, much of the additional waves of value creation will go beyond the software sector.
This AI Transformation Playbook draws on insights gleaned from leading the Google Brain team and the Baidu AI Group, which played leading roles in transforming both Google and Baidu into great AI companies. It is possible for any enterprise to follow this Playbook and become a strong AI company, though these recommendations are tailored primarily for larger enterprises with a market cap/valuation from $500M to $500B.
Redefining Quality Control with AI-powered Visual Inspection for Manufacturing
Emerging technology — from the introduction of assembly lines to the Internet of Things — has always defined manufacturing.
With the creation of computers and early automation came traditional machine vision, in which machines analyze photos of parts and components for defects based on a set of human-defined rules. While it reduces human error, traditional machine vision lacks the capacity to solve for pain points like complex defects and changing environments.
Today, more sophisticated artificial intelligence (AI), including machine learning (ML) and deep learning (DL), allows manufacturers to use AI-powered visual inspection to enhance quality and reduce costs. But even now, only 5% of manufacturing companies have a clearly defined strategy for implementing AI.
Companies need strategies to overcome challenges in visual inspection, which still relies heavily on human inspectors or inflexible rules-based machine vision. The cost of sending defective pieces to customers — both in reputation and in recalls — isn’t sustainable in a competitive global environment.
The right AI platforms offer tools that can enhance quality control and cut costs — after users tackle key obstacles.
Accelerate AI Adoption
Landing AI’s industrial AI platform consists of a suite of interconnected tools that enables you to build, deploy, manage and scale AI solutions for visual inspection in an end-to-end workflow.
Designed from the bottom up to enable manufacturers to take projects from concepts to scalable solutions with speed, LandingLens minimizes customization and scaling challenges. While AI models are unique, leveraging universal tools can expedite complex projects. Built for evolving data, LandingLens is comprised of a suite of tools to automate machine learning for industrial vision.
2020 Global AI-Powered Vision Inspection Enabling Technology Leadership Award
As the AI tide takes over all industries, Landing AI’s most innovative, effective, and easy-to-use AI-powered vision inspection platform enables manufacturers to achieve high-quality output. Landing AI offers immense value to its customers through its robust and adaptive AI algorithms, which is constantly improved by some of the best technical minds in the industry and seamlessly updated at the customer site through the cloud. The visionary leadership of Dr. Andrew Ng, the highly driven techno-commercial team, strong vision inspection domain knowledge, and resilience toward ensuring customer success well position Landing AI to remain a market leader in this space.
With its strong overall performance, Landing AI has earned Frost & Sullivan’s 2020 Enabling Technology Leadership Award in the global AI-powered vision inspection industry.
AI Transformation Playbook
AI (Artificial Intelligence) technology is now poised to transform every industry, just as electricity did 100 years ago. Between now and 2030, it will create an estimated $13 trillion of GDP growth. While it has already created tremendous value in leading technology companies such as Google, Baidu, Microsoft and Facebook, much of the additional waves of value creation will go beyond the software sector.
This AI Transformation Playbook draws on insights gleaned from leading the Google Brain team and the Baidu AI Group, which played leading roles in transforming both Google and Baidu into great AI companies. It is possible for any enterprise to follow this Playbook and become a strong AI company, though these recommendations are tailored primarily for larger enterprises with a market cap/valuation from $500M to $500B.