The Traction Guest Divestiture and Acquisition Story
Hear Bob Wang, the former Head of Finance at Traction Guest, and now CEO of Tee Up Advisors, share the story of the divestiture of Traction Guest, its creation of its finance tech stack, and subsequent successful acquisition.
Using Sage Intacct, its recurring billing and revenue recognition product, and Sage Planning FP&A, the finance team at Traction Guest was able to:
Reduce DSO from 90 to 55 days, increasing operating cash flow and EBITDA for its valuation
Create rolling forecasts, each month, for the upcoming 12- and 24-months, across billings, revenue, and cash
Reduce cash forecast variance to less than 10% to better predict the future
About Sage:
Sage develops business cloud software products for small and mid-sized businesses. Our Sage Business Cloud delivers cloud-based business management software and services across accounting, human resources, payroll, fixed assets, and enterprise resource management.
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