Business
4 Ways to Grow Your SaaS Business
The number of companies selling software as a service online has drastically increased over the past few years, turning this into a highly competitive industry. Therefore, driving growth is essential for a SaaS company to survive and thrive. Any good SaaS business needs a growth strategy – essentially, this is a blueprint that contains the most effective methods of reaching customers, increasing revenue, and scaling the business. However, it’s important to consider that each SaaS company is unique. Keep reading to find out more about some of the most effective ways to reach your SaaS company goals in 2023.
Consider Working with an Agency
If you are bringing a new SaaS venture to the market, it is worthwhile considering working with an agency that has a lot of experience in this space. SaaS growth agencies can work with you to bring your product to the market and choose some of the best marketing strategies to ensure that your brand is standing out in an increasingly saturated industry. By working with a growth agency, you can get tailored advice on putting together the most successful marketing campaigns, finding out more about your target audience and what they are looking for, and how to ensure that your SaaS company remains competitive over time.
Keep Costs Low
For many SaaS businesses, limiting running expenses is essential to success. The more money you are spending to bring your product to the market, the less money you are going to earn. Because of this, doing everything that you can to cut costs while still putting an effective marketing strategy in place is a crucial step for most SaaS businesses. This could involve outsourcing to freelancers rather than hiring an in-house team, for example, or using existing open-source software that can be cheaply tailored to meet your needs rather than building custom software for your company.
Spend More Time on Marketing
While it’s necessary to spend some money on marketing, it’s important to bear in mind that spending time is often even more important. Good advertising isn’t something that can simply be bought and then forgotten about – going down this route will often lead to limited results. Instead, it’s crucial to put in the time to learn how to target the right audience and how to use important marketing tools like SEO and social media to your advantage.
Learn About Your Competitors
It is natural to want your product or service to be the best option on the market when you are running any kind of business. However, it’s rarely possible to achieve this all the time with SaaS, as the space is popular among young and new entrepreneurs thanks to the low running costs and huge target audiences. Because of this, there are always going to be businesses that have more money to spend on being the best. However, learning about your competitors and what they are doing can help you become better. Pay attention to your closest competitors to learn more about the standards your market expects to see, and strategies you can do to stand out.
With SaaS becoming an increasingly popular industry, anybody starting or considering starting selling software as a service should be clear on the strategies they can take for growth.
Business
Why Multi-Province Payroll Compliance Is the Hidden Challenge Canadian SMBs Face and How Folks Solves It
Byline: Shem Albert
Running payroll in Canada can feel like crossing a country stitched from many different fabrics. Each province weaves its own pattern of tax rules, leave policies, and benefit requirements, creating a landscape where a single misstep can ripple through every paycheck. For small and mid-sized businesses, the challenge often remains hidden until growth pushes hiring beyond provincial borders or brings remote workers into the fold. What seems like a routine back-office task quickly becomes a test of accuracy, timing, and local knowledge. This is the gap that Folks set out to close, offering a way for employers to navigate Canada’s regulatory patchwork without slowing their momentum.
Provincial Rules Add Complexity
Canada’s payroll environment varies sharply by province. Federal rules set the foundation, but provincial tax rates, deductions, statutory leave entitlements, and benefit premiums add layers of complexity that employers must monitor carefully. Small and mid-sized businesses with staff across provinces or remote employees face different tax tables, reporting deadlines, and leave calculations that directly affect pay accuracy and remittance schedules.
Folks built its payroll module to address these differences. The platform calculates the correct provincial tax rates and deductions for each employee, applying updates automatically so employers avoid misapplied withholdings or late filings. Multi-location tax management allows a company with workers in Ontario, Quebec, or several other provinces to process payroll without creating separate accounts for each jurisdiction. Bilingual functionality in English and French and secure Canadian data hosting support compliance while keeping employee records accessible across language and regional boundaries.
Unified Records Improve Accuracy
Payroll errors often stem from mismatched employee data. Changes in pay rates, banking details, or benefits eligibility may not align between HR and finance systems, creating incorrect deductions or delayed payments. Smaller teams juggling separate platforms spend valuable hours reconciling information instead of focusing on strategic work.
Folks resolves these issues by combining HR and payroll in one platform. Updates to wages, hours, or tax information entered on the HR side flow directly into payroll without re-entry. This single, verified record strengthens the accuracy of every payroll run and ensures employees receive the correct pay and deductions. By removing the need for repetitive administrative work, HR staff can redirect their time to tasks that support growth and employee engagement.
Automation Keeps Provinces in Step
Each province sets its own requirements for holiday pay, pay frequency, and statutory benefits, making manual calculations both time-consuming and error-prone. Businesses that expand or hire remote employees must keep pace with shifting provincial regulations or risk penalties and audit issues.
Folks address these demands with automation designed for Canada’s regulatory landscape. Pay statements, deduction calculations, and custom pay schedules follow the applicable provincial rules without extra configuration. The system’s automated updates mean that a company hiring staff in British Columbia or Quebec can meet local payroll standards without adding new layers of setup or monitoring. Employers gain the ability to expand into new regions while maintaining accurate, on-time pay.
Reporting Strengthens Compliance
Changing tax rates and reporting requirements require ongoing attention from HR and finance teams. Companies that rely on disconnected systems risk missing a provincial update or submitting incorrect remittances, which can lead to fines and interest charges.
Folks provides detailed reporting tools that compile payroll, deductions, and benefits information across all locations. Employers can generate clear remittance and deduction summaries, simplifying the process of meeting provincial filing requirements. For organizations that want additional guidance, Folks also offers a payroll management service that brings in-house specialists to assist with configuration, compliance, and regular updates. These reporting features help companies stay audit-ready and avoid costly compliance gaps.
Scalable Payroll for Expanding Businesses
Many small businesses begin in a single province, where local tax and payroll demands can be learned over time. Growth into new provinces or the decision to hire remote staff adds a level of complexity that manual processes cannot handle efficiently. Errors multiply, compliance risks rise, and payroll teams spend more time correcting mistakes than supporting expansion plans.
Folks provides payroll that scales with company growth. Provincial tax logic, automated deductions, bilingual support, and secure Canadian data storage are built directly into the platform. By maintaining an accurate employee record and applying province-specific rules automatically, the system allows Canadian SMBs to expand with fewer administrative surprises and more predictable payroll operations. Companies gain the stability of compliant payroll across provinces while controlling the time and costs that typically accompany multi-jurisdiction growth.
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