Why CAC Keeps Climbing Even When Spend Doesn't

Here's a pattern we see constantly: blended CAC creeps up 15-20% year over year, but every platform dashboard tells a different, happier story. Meta says ROAS is 3.2x. Google says 4.1x. Your finance team says payback period just got worse. All three can be true at once, and that's the problem.

Each platform grades its own homework. Meta counts conversions its way, Google counts them its way, and whatever email or SMS tool you're running does its own thing too. You end up with attribution fragmented across three to five disconnected reports, none of which talk to each other, all of which claim more credit than they deserve.