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A CFO's Perspective of Going with and Living SaaS
 

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Proformative presents A CFO's Perspective of Going with and Living SaaS. Special thanks Jim McGeever, COO, NetSuite

Proformative presents A CFO's Perspective of Going with and Living SaaS. Special thanks Jim McGeever, COO, NetSuite

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A CFO's Perspective of Going with and Living SaaS Presentation Transcript

  • 1. THE RESOURCE FOR CORPORATE FINANCE, ACCOUNTING & TREASURY PROFESSIONALS Event Sponsors
  • 2. THE RESOURCE FOR CORPORATE FINANCE, ACCOUNTING & TREASURY PROFESSIONALS A CFO’s Experience of Going With and Living SaaS Jim McGeever COO, NetSuite
  • 3. My Background • Ernst & Young – Audit • Photon Dynamics – Manufacturer of large hi-tech capital devices – IT reported to me • Clontech – Manufacturer of biotech research technologies – IT reported to me • NetSuite – 15th employee
  • 4. Photon Dynamics IT Issues • Server crashes • Remote access • Dashboards/reporting/search • Backups/Security • Lack of integration with other systems • Pre Sox public company • Version lock • Lack of customization/flexibility • My new best friend - VAR
  • 5. Clontech IT Issues • Server crashes • Remote access • Dashboards/reporting/search • Backups/Security • Lack of integration with other systems • Pre Sox public company • Version lock • Lack of customization/flexibility • My new best friend – VAR • Y2K upgrade • Performance
  • 6. My SaaS life – 1.0 • Single database for all information – no time spent reconciling data, arguing over the numbers • No reporting packages – 100% Dashboards • Fully integrated suite – no duplicate data entry • No time spent worrying about – Uptime – Version lock/upgrades & maintenance – Security – Remote access, worldwide – Backups – SAS 70 and compliance audits • Much greater flexibility – Point and click customization usually by users not IT staff
  • 7. My SaaS life – 2.0 • Global expansion – 9 Subsidiaries worldwide • Local reporting, sales/use/VAT/consumption tax requirements • Multi currency, consolidation, multi language – Customers in 112 countries • Shared services center – All transactional finance functions consolidated offshore – Added GL, FP&A, SOX and internal audit – No assigned desks, paperless environment
  • 8. Software Single-tenancy Software Multi-tenancy Company 1 Company 2 Company 3 Company 1 Company 2 Company 3 Internet Application Application Application Application Database Database Database Database
  • 9. Why Care About Multi-Tenancy? Vendor Perspective Customer Benefit Profitably Deliver Service Lower Pricing Maintained See Patterns Across All to Gain Continuous Enhance Solution Innovation Deploy Solution Rapidly Quicker Time to Value Deliver Upgrades Quickly Reduced Maintenance Cost
  • 10. All “Clouds” Are Not Equal Single Version Pre Multi Version Designed CITRIX Browser Tenant Locked Internet Tenant -less for Internet FAKE CLOUD REAL CLOUD
  • 11. The Move To The Cloud is Accelerating 3X 4X Market Trends: Software as a Service, Worldwide, 2008-2013, Update Forecast: Enterprise Software Markets, Worldwide, 2008-2013, 3Q09 Update
  • 12. Top Drivers for Moving to the Cloud Survey question: Why is your organization currently using or planning to use SaaS in the next 12 months? Considered More Cost-Effective From a TCO 61 Standpoint Than On-Premises Solution Considered to Be Easier and/or Faster to 57 Deploy Than On-Premises Solution Lack of IT Resources to Implement an 37 On-Premises Solution Limited Capital Expense 34 Perceived Higher User Acceptance Than 30 On-Premises Solution Best Alternative for New Regional Deployment 28 Temporary Solution to Solve a Temporary 18 Business Need Others 4 0 10 20 30 40 50 60 70 Percent N = 258
  • 13. What the Cloud Means to You • Ready-to-run • Faster time-to-live • Low start-up cost • Pay-as-you-go • Automated upgrades • Anywhere access • Easier audit/regulatory compliance
  • 14. Consistently More Cost Effective, YoY Up to 50% Lower TCO
  • 15. Cloud = World-Class Security & Compliance • Application based security • Third party scans and penetration tests • 100% International Information Systems Security Certification Consortium (ISC2) CISSP-certified • US Bureau of Industry and Security, Department of Commerce Export Encryption Compliant • Payment Card Industry Data Security Standard (PCI DSS) • AICPA SAS-70 Type II Annual Report
  • 16. Cloud Eases Regulatory Compliance Area of Risk On-Premise Cloud SDLC Major patch and upgrade procedures Confirm the results and regression testing and migration to production Change Management Bug fix procedures, testing, etc. Confirm the results Logical Security All layers-network, operating system, Proper segregation of duties and database and application in addition to password policies proper access , password policies Physical Security Security measures for all component, fire Minimal protection, etc Network Security Security measures for all components, Minimal firewall, DMZ Data Backup & Restore All backups /restores of servers, data etc Minimal System Availability and Incident reporting and loss of Minimal Monitoring productivity due to downtime
  • 17. Cloud Customization vs. On-Premise 1 It’s simpler – point & click 2 Customizations MIGRATE 3 It’s more powerful – PaaS Ex: SuiteCloud Platform-as-a-Service Custom Custom Database Real-Time Programmable Application Programmable SuiteFlow Dashboards Tables Integration User Interface Distribution Cloud Logic BPM
  • 18. Integrated Process = Real Time Visibility
  • 19. CFO Takeaways Cloud Computing Gives You: Better cash flow (opex vs. capex) Lower financial risk Greater financial visibility Healthier return on investment Run – Don’t Walk – to the Cloud
  • 20. THE RESOURCE FOR CORPORATE FINANCE, ACCOUNTING & TREASURY PROFESSIONALS Thank You