Michael Perica had been discussing the implications of AI with investors for more than a year, but the market didn’t fully react—until one particular moment. In late January and early February, a wave of announcements around enterprise-focused AI models and workflow plugins triggered what Perica refers to as the “SaaS-pocalypse.” In a single day, roughly $258 billion in SaaS market value disappeared, he tells us.

For Perica, the episode confirmed something he had already been sensing in conversations with investors and clients. The traditional path to enterprise modernization—committing to large, monolithic software platforms—was no longer the only option. AI, particularly emerging agentic AI technologies, was beginning to offer organizations a new route: modernizing workflows and processes without necessarily replacing entire systems.

The sudden market reaction accelerated those conversations. Investors and executives began reaching out to Rimini Street asking whether this moment validated the alternative technology path the company had been discussing. For Perica, the answer was clear. The event underscored that organizations now had the ability to tailor AI models directly to specific business processes rather than conforming their operations to a rigid software roadmap.

That shift has shaped how Perica thinks about strategy going forward. Instead of viewing AI purely as a tool for efficiency, he sees it as a catalyst for enterprise-wide transformation. Finance leaders, he argues, now have an opportunity to work closely with CIOs to rethink workflows, eliminate operational bottlenecks, and deploy targeted AI solutions that create quick wins across the organization.

In Perica’s view, the SaaS-pocalypse wasn’t just a market correction. It was a signal that a new technology paradigm had arrived—and that forward-looking CFOs must be ready to lead the change.

1170: Why the ‘SaaS-pocalypse’ Changed the CFO Conversation | Michael Perica, CFO, Remini Street

CFO THOUGHT LEADER