2013-04-25 Accounting Systems Comparison Seminar

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This seminar will provide a review of the leading mid-market accounting systems in one power packed session (Microsoft Dynamics GP & SL, Sage, Intacct). If you need to be updated on the current crop …

This seminar will provide a review of the leading mid-market accounting systems in one power packed session (Microsoft Dynamics GP & SL, Sage, Intacct). If you need to be updated on the current crop of ERP systems, this seminar is ideal. We will walk you through the evaluation process while providing you with key insights on organizational strategy in selecting the best solution for your organization.

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  • 1. Thrive. Grow. Achieve.Financial & AccountingSystems ComparisonSeminarComparison of Leading ERP ProductsSeth Zarny - PartnerGlenn Anstead – Senior ManagerBuu-Linh Tran – Senior ManagerEd McGovern – Senior ManagerApril 25, 2013
  • 2. WHAT’S ON TAP• INTRODUCTION & AGENDA• HOW TO SELECT ACCOUNTING SOFTWARE• EFFECTIVE ACCOUNTING SYSTEMIMPLEMENTATIONS• REVIEW OF TOP ACCOUNTING PRODUCTS• DEMONSTRATIONS• DYNAMICS GP• DYNAMICS SL• INTACCT• Q&A2
  • 3. DO YOU NEED THE NEW SOFTWARE?HINT – SOMETIMES YOU NEED TO CHANGE YOUR SOFTWARE!3
  • 4. SEMINAR AGENDA• DECIDE WHEN TO REPLACE YOURFINANCIAL SYSTEM• REVIEW PROCESS FOR SELECTINGAPPROPRIATE SOFTWARE• PROVIDE OVERVIEW OF LEADINGFINANCIAL PACKAGES• PRESENT DEMO OF 3 LEADINGPRODUCTS• Microsoft Dynamics GP• Microsoft Dynamics SL• Intacct4
  • 5. ACCOUNTING SYSTEMSMICROSOFT DYNAMICS SL (SOLOMON)MICROSOFT DYNAMICS GP (GREAT PLAINS)INTACCTDEMO –DYNAMICS GP, DYNAMICS SL, INTACCT5
  • 6. ACCOUNTING SYSTEM LIFE CYCLE1 TO 2 YEARS OLD - INFANCY• Limited features, missing modules• Bugs3 TO 4 YEARS OLD - CHILDHOOD• Young product• 3rd party modules, bugs, early developerteam5 TO 6 YEARS OLD – ADOLESCENCE• Move to next technical version• Product Performance• Modules with different strength6
  • 7. ACCOUNTING SYSTEM LIFE CYCLE(CONT)• 7 TO 11 YEARS OLD - MATURITY• Maturity and Respect• Vertical focuses• Advanced features and capabilities• Strong Channel• 12 TO 15 YEARS – OLD AGE• Technology is Achilles heel• Legacy functions• Client base not technical leaders7
  • 8. STEPS FOR EVALUATING & SELECTING• DECISION MAKING TEAM• BUDGET• TIME SCHEDULE• CURRENT SYSTEM PROBLEMS• Requirements• VAR OR SOFTWARE• IT STAFF INVOLVEMENT8
  • 9. STEPS FOR EVALUATING & SELECTING(CONT)• REVIEW POTENTIAL SOLUTIONS• ELIMINATE OBVIOUS POOR CHOICES• Potential List of 2 or 3 products at most• AVOID ANALYSIS/PARALYSIS• Evaluate Product Match to your Requirements• Accounting Library Used Here• PRODUCT FEATURES9
  • 10. STEPS FOR EVALUATING & SELECTING(CONT)• ANALYZE REQUIREMENTS AGAINSTFEATURES• IDENTIFY APPROPRIATE RESELLERS• PRODUCT DEMONSTRATIONS• PROPOSAL REVIEW• REFERENCES• DECISION10
  • 11. SUMMARY OF DYNAMICS GP 2010/2013• POWERFUL, POPULAR FINANCIALSYSTEM THAT TARGETS HORIZONTAL& VERTICAL MARKETS – SMS&P• STRONG USER PRODUCTIVITYFEATURES• FLEXIBLE REPORTING & INQUIRY• INDUSTRY LEADER• INTEGRATION WITH EXTERNALSYSTEMS11
  • 12. SUMMARY OF DYNAMICS GP 2010/2013(CONT)• KEY FEATURES INCLUDE:• Personalized Role Pages• Integrated with Microsoft Office• Business Intelligence – Analysis Cubes• Business Portal – Team Collaboration• Improved Efficiency• Microsoft Visual Studio Integration• Increased Internal Controls12
  • 13. SUMMARY OF DYNAMICS SL 2011• POWERFUL, POPULAR FINANCIALSYSTEM THAT TARGETS HORIZONTAL &VERTICAL MARKETS – SMS&P• MATURE PRODUCT WITH HIGHMICROSOFT INVESTMENT• POWERFUL USER INTERFACE WITH USERROLES• EASILY INTEGRATE WITH EXTERNALSYSTEMS• POWERFUL CHART OF ACCOUNTSEGMENTATION• INDUSTRY LEADER IN PROJECTACCOUNTING – GOVT CONTRACTING,GRANTS, PROGRAMS13
  • 14. SUMMARY OF DYNAMICS SL 2011 (CONT.)• KEY FEATURES INCLUDE:• Integrated with Microsoft Office• Business Portal access to remote users• Customer Facing Web Pages customersonly see their data• Web Requisitions - Front-end to PurchasingModule• Automates the Procurement Process• Powerful Project Costing• Improved Efficiency• Microsoft Visual Studio Integration• Increased Internal Controls14
  • 15. CLOUD – CLAIMED KEY ATTRIBUTES• AGILITY – IMPROVED RE-PROVISIONING• COST – CLAIMED TO BE REDUCED, COSTS• DISTRIBUTED OVER MANY USERS• DEVICE & LOCATION INDEPENDENCE• MULTI-TENANCY – KEY ISSUE FOR ERP• RELIABILITY – MULTIPLE REDUNDANT SITES• SECURITY – PROVIDERS DEVOTE MORERESOURCES• MAINTENANCE – UPGRADES INSTALLEDCENTRALLY15
  • 16. ON PREMISE ATTRIBUTES•CONTROL – IN YOUR ENVIRONMENT•INTEGRATION WITH ORGANIZATIONAPPLICATIONS•CUSTOMIZATION – UNDER YOUR CONTROL•SECURITY – PLUSES & MINUSES•ACCESS – REMOTE ACCESS &CONTROLLED USERS•LOCAL DATA – DATA IS ACCESSIBLE•KNOWN COSTS – TRADITIONAL COSTS•REPUTABLE MATURE VENDORS16
  • 17. MIXED CLOUD & TRADITIONAL VENDORSEXISTING SOFTWARE – HOSTED IN THE CLOUDMATURE PRODUCTS – FUNCTIONALITYMONTHLY FEESSINGLE TENANCY – UPGRADES, BACKUPS,CUSTOMIZED ATTENTIONINTEGRATIONS – TRADITIONALREMOTE ACCESS - CITRIX, REMOTE DESKTOPKNOWN COSTS – TRADITIONAL COSTSREPUTABLE MATURE VENDORS17
  • 18. KEY DECISION CRITERIATO CONSIDERFUNCTIONALITY – DO CLOUD SOLUTIONS MEET YOURFUNCTIONAL NEEDS?SOPHISTICATION – WHAT LEVEL OF CUSTOMIZATIONDO YOU REQUIREINFRASTRUCTURE SUPPORT – COMMITTED TO ON-PREMISE INFRASTRUCTURE, CLOUD, OR BOTHCOSTS – WHAT ARE THE REALISTIC COSTS FOR YOURORGANIZATION – ON-PREMISE VS CLOUDSUPPORT – WHO IS SUPPORTING YOUR USERS,APPLICATIONS, AND INFRASTRUCTURE18
  • 19. INTRODUCTION TO INTACCT•NEWER CLOUD BASED ERP SYSTEM• True Cloud Based• Local Partners• Yearly Costs•STRONG FUNCTIONALITY•VERY SATISFIED CLIENT BASE•TARGETED TO FIRMS – IN NO PARTICULAR ORDER• Outgrowing Quickbooks• Interested in the Cloud & Ease of use• Not For Profit• Project Oriented Firms – Professional services• Very Strong Financials19
  • 20. DEMONSTRATIONS20
  • 21. QUESTIONS?21Seth Zarny –Partnerszarny@raffa.comGlenn Anstead –Senior Managerganstead@raffa.comBuu-Linh Tran –Senior Managerbtran@raffa.comEd McGovern –Senior Manageremcgovern@raffa.comJeremy Taro –Account Executivejtaro@raffa.com