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Approaching Half a Million Customers: How to Win in SMB with BILL CEO and Founder René Lacerte

SaaStr

Before BILL, around 2004, he started thinking more about this problem of doing finances with filing cabinets and a lot of pain, the same way it was done 60 years prior. If we step back to 2004-2005, when BILL was just an idea, the first realization was that this had to be simple. Let’s look at what kind of moat it is.

SMB 307
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5 Interesting Learnings From Avalara at $600,000,000 in ARR

SaaStr

Avalara manages a big problem — tax and related compliance automation. Founded in 2004, took 16 years to hit the first $500m in ARR, in 2020. And importantly, while the very largest partners support multiple vendors for tax compliance, the vast majority of small partners just deploy Avalara. And growth is strong.

Scale 332
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The most common mistake SaaS companies make on sales tax collection and filings

SaaStr

They learned the importance of sales tax compliance the hard way—when they had to pay millions in back taxes. When the company first began web app development and selling software-as-a-service in 2004, their business model wasn’t even called SaaS. It’s not hard to understand how Basecamp got this wrong.

New CTO 227
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The 12 PCI DSS Requirements to Ensure PCI Compliance

Stax

This is why PCI DSS compliance is critical. Compliance with PCI Data Security Standard regulations prevents shortcomings and vulnerabilities in payment processing, thereby reducing the risk of fraud, identity theft, and cyberattacks. Before 2004, credit card companies had their own set of rules for cybersecurity.

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What Is PCI Compliance And Why Is It Important For Your Business?

FastSpring

What is PCI DSS Compliance? PCI DSS was jointly established back in 2004 by leading credit card entities. Why is PCI DSS Compliance Important? PCI DSS compliance helps reduce the risk of data breaches. How can Third Parties Help Companies Achieve PCI DSS Compliance? It Gives Customers Peace of Mind.

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How to Cross 500,000 SMB Customers with Bill’s Founder CEO Rene Lacerte

SaaStr

Regulatory compliance can be a moat, not just overhead Spending five years securing money transmitter licenses across 50 states created a significant barrier to entry that competitors can’t easily replicate. The compliance risk is significant,” Ren says. SMB customers. “I was frustrated,” Ren explains.

SMB 130
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From $800k to $274M in 4 Years - The Story of Ariba

Tom Tunguz

In particular, Ariba sold software to run RFPs, manage contracts with suppliers, analyze corporate spending and ensure financial compliance. But, the company has been operating at close to breakeven since 2004. It sold software to help businesses buy the things they need in order to operate, everything from pens to planes.