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Higher Growth, Not Hire Staff
 

Higher Growth, Not Hire Staff

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Video & Slides: http://www.proformative.com/events/higher-growth-not-hire-staff ...

Video & Slides: http://www.proformative.com/events/higher-growth-not-hire-staff
Your company's growing. That's great news! But how do you scale to keep up with the business? You may think your only option is to add staff. But, that's no longer true. Learn how finance practitioners use the cloud to keep growing their businesses - without growing headcount in their finance department. Thousands of companies like theirs have discovered the power of cloud financials - to automate formerly manual and redundant financial processes and eliminate the need to add IT and finance staff to support company growth.

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    Higher Growth, Not Hire Staff Higher Growth, Not Hire Staff Presentation Transcript

    • THE RESOURCE FOR CORPORATE FINANCE, ACCOUNTING & TREASURY PROFESSIONALS Higher Growth, Not Hire Staff: Using Cloud Financials to Grow Without Hiring Marc Linden, CFO, Intacct
    • • • •
    • • • • •
    • THE RESOURCE FOR CORPORATE FINANCE, ACCOUNTING & TREASURY PROFESSIONALS Higher Growth, Not Hire Staff: Using Cloud Financials to Grow Without Hiring Marc Linden, CFO, Intacct
    • What Does Finance Do? Finance Professional What the Rest of the Company Thinks I Do What My Mom Thinks I Do What My Friends Think I Do What I Think I Do 5 What I Really Do
    • Agenda • • – – – • • – – – – 6
    • Drivers for Finance and Accounting Hiring Software International Inc. USD • • • • • • • 7 Software Development Israel (ILS) Software US (USD) Buddy Software (USD) (acquisition) Software Japan KK 51% ownership (Yen) Software Development India (INR) Software Sales UK (GBP) Software Sales Europe (EUR)
    • The Risks of Hiring in Response to Growth • • • • A Better Alternative: Cloud Financials 8
    • Agenda • • – – – • • – – – – 9
    • Power Global Growth Mobile workforce management software company • Rapid growth in field staff • Operations in US, Brazil, Germany, Poland, and UK • Manual processes weighing down staff – Reporting on profitability by customer, project – Reviewing and processing expenses – Order processing 10
    • Power Global Growth • • • Period Close Project Accounting Financial and Management Reporting Expense Management • Consolidation Revenue Management • Quote-to-Cash Business Integration Procure-to-Pay Inventory Management Cloud Technology 11 • “ As a growth company people were learning new behaviors and responsibilities. Intacct helped us to grow and manage that. - Jim Bokar, Controller ”
    • Reporting and Controls for Going Public Software provider to global property and casualty insurers • IPO in 2012 • Need for accurate reporting – Historical with three years of data – GAAP and management reporting – Standard and custom reporting – Drive 3–4 year forecast 12
    • Reporting and Controls for Going Public • – – Period Close Project Accounting Financial and Management Reporting Expense Management Consolidation Revenue Management Quote-to-Cash Business Integration Procure-to-Pay Inventory Management Cloud Technology 13 • •
    • Lose the IT Shackles Nonprofit educational organization • 25% yearly growth in orders • No integration between finance, e-commerce, and CRM systems • Difficulties in scaling IT – System instability from growth – Upgrading and maintaining servers – Maintaining physical environments and infrastructure 14
    • Lose the IT Shackles • – Period Close Project Accounting Financial and Management Reporting Expense Management Consolidation Revenue Management Quote-to-Cash Business Integration Procure-to-Pay Inventory Management – – Cloud Technology 15 • “ We liked the idea of a cloud-based solution that wasn’t tied to the Microsoft platform so we could avoid ongoing costs. - James Linday, CFO ”
    • Agenda • • – – – • • – – – – 16
    • THE RESOURCE FOR CORPORATE FINANCE, ACCOUNTING & TREASURY PROFESSIONALS Higher Growth, Not Hire Staff: Using Cloud Financials to Grow Without Hiring Jurate Baubliene, Finance Manager, Meetup
    • Meetup, Inc. Total Members 13,365,028 Organizers 103,341 Meetup Groups 126,739 Millions Active Members 2.8 2.4 2 1.6 1.2 Meetups in past 30 days 388,960 0.8 0.4 18 Jan-13 Sep-12 Jan-12 May-12 Sep-11 Jan-11 May-11 Sep-10 Jan-10 May-10 Sep-09 Jan-09 May-09 Sep-08 Jan-08 May-08 Sep-07 0 Jan-07 2,645,863 May-07 RSVPs to Meetups in past 30 days
    • About Us 19
    • Driving the Change • • • • • • • 20
    • And We Said to Ourselves…. 21
    • We Searched, and We Searched, and… • • • • 22
    • Just 2 Months Later • • • • • • • 23
    • And Guess What? 24
    • Agenda • • – – – • • – – – – 25
    • Reporting and Total Visibility, with No Manual Effort Stakeholder Needs Regulatory Management Ad-Hoc • In real time Granularity Summary Intermediate Transaction • No maintenance required Business Drivers Vendor Project Offerings and more… Performance Measures Operational Financial Basis / Books Cash 26 • No external tools Accrual • Single “truth”
    • Eliminate Redundant Data Entry with Seamless Integration CRM CRM CRM Fixed Sales Payroll Budgetin Fixed Sales Payroll Budgetin Assets Tax g Budgeting Fixed Sales Payroll Assets Tax g andand Assets Tax and Planning Planning Planning Best in Class Best in Class Financials Best-in-Class Financials Financials AICPA preferred AICPA preferred 27 • Freedom to choose the best solutions • 21st century cloud integration • Vendor supported
    • Automate Financial Processes • – – – – Consolidated Statements • – Review Close Books – • – – – • – • 28 Consolidation & Elimination Automated Adjustments
    • Automate Business Processes Price List Sales Finance Collect Quote Contract Order Invoice Recognize Revenue Customer Master • • Consistent data across entire company • Entire process is visible and accurate • 29 Integrated quote-to-cash recognition Lower costs and greater efficiency
    • Cloud Financial Management Integration Automated Financial Processes Robust Reporting & Visibility Automated Business Processes Cloud Financials 30
    • The Cloud Lets you Access your Data from Anywhere • HR • SERVICES MANUFACTURING • • SUPPLY CHAIN SALES 31
    • The Cloud Gets You Out of the “No Value Added” IT Business • • – – – – • 32
    • The Cloud Brings You Closer to Your Vendor Customer Feedback 33 Continuous Innovation Rapid Access to New Features
    • The Cloud Provides Scale to Support Growth • • • • • 34
    • Intacct: Trusted Partner of Forward Thinking Organizations 35,000+ Business Entities Customers 6,200+ 5,000 4,000 3,100 2,400 22 Top 100 CPA Firms Preferred Provider Industry-Leading 95% Customer Satisfaction and Retention 2008 2009 2010 2011 2012 Fastest-growing cloud financial management provider 35
    • Interested in Learning More? • • • • • 37