Thrive. Grow. Achieve.
Financial & Accounting
Systems Comparison
Seminar
Comparison of Leading ERP Products
Seth Zarny - P...
WHAT’S ON TAP
• INTRODUCTION & AGENDA
• HOW TO SELECT ACCOUNTING SOFTWARE
• EFFECTIVE ACCOUNTING SYSTEM
IMPLEMENTATIONS
• ...
DO YOU NEED THE NEW SOFTWARE?
HINT – SOMETIMES YOU NEED TO CHANGE YOUR SOFTWARE!
3
SEMINAR AGENDA
• DECIDE WHEN TO REPLACE YOUR
FINANCIAL SYSTEM
• REVIEW PROCESS FOR SELECTING
APPROPRIATE SOFTWARE
• PROVID...
ACCOUNTING SYSTEM LIFE CYCLE
1 TO 2 YEARS OLD - INFANCY
• Limited features, missing modules
• Bugs
3 TO 4 YEARS OLD - CHIL...
ACCOUNTING SYSTEM LIFE CYCLE
(CONT)
• 7 TO 11 YEARS OLD - MATURITY
• Maturity and Respect
• Vertical focuses
• Advanced fe...
STEPS FOR EVALUATING & SELECTING
• DECISION MAKING TEAM
• BUDGET
• TIME SCHEDULE
• CURRENT SYSTEM PROBLEMS
• Requirements
...
STEPS FOR EVALUATING & SELECTING
(CONT)
• REVIEW POTENTIAL SOLUTIONS
• ELIMINATE OBVIOUS POOR CHOICES
• Potential List of ...
STEPS FOR EVALUATING & SELECTING
(CONT)
• ANALYZE REQUIREMENTS AGAINST
FEATURES
• IDENTIFY APPROPRIATE RESELLERS
• PRODUCT...
SUMMARY OF DYNAMICS GP 2013
• POWERFUL, POPULAR FINANCIAL
SYSTEM THAT TARGETS HORIZONTAL
& VERTICAL MARKETS – SMS&P
• STRO...
SUMMARY OF DYNAMICS GP 2013
(CONT)
• KEY FEATURES INCLUDE:
• Personalized Role Pages
• Integrated with Microsoft Office
• ...
SUMMARY OF DYNAMICS SL 2011
• POWERFUL, POPULAR FINANCIAL
SYSTEM THAT TARGETS HORIZONTAL &
VERTICAL MARKETS – SMS&P
• MATU...
SUMMARY OF DYNAMICS SL 2011 (CONT.)
• KEY FEATURES INCLUDE:
• Integrated with Microsoft Office
• Business Portal access to...
CLOUD – CLAIMED KEY ATTRIBUTES
• AGILITY – IMPROVED RE-PROVISIONING
• COST – CLAIMED TO BE REDUCED, COSTS
• DISTRIBUTED OV...
ON PREMISE ATTRIBUTES
•CONTROL – IN YOUR ENVIRONMENT
•INTEGRATION WITH ORGANIZATION
APPLICATIONS
•CUSTOMIZATION – UNDER YO...
MIXED CLOUD & TRADITIONAL VENDORS
EXISTING SOFTWARE – HOSTED IN THE CLOUD
MATURE PRODUCTS – FUNCTIONALITY
MONTHLY FEES
SIN...
KEY DECISION CRITERIA
TO CONSIDER
FUNCTIONALITY – DO CLOUD SOLUTIONS MEET YOUR
FUNCTIONAL NEEDS?
SOPHISTICATION – WHAT LEV...
INTRODUCTION TO INTACCT
• NEWER CLOUD BASED ERP SYSTEM
•True Cloud Based
•Local Partners
•Yearly Costs
• STRONG FUNCTIONAL...
DEMONSTRATIONS
19
QUESTIONS?
20
Seth Zarny –
Partner
szarny@raffa.com
Glenn Anstead –
Senior Manager
ganstead@raffa.com
Buu-Linh Tran –
Seni...
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2013-09-24 Accounting Systems Comparison

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2013-09-24 Accounting Systems Comparison

  1. 1. Thrive. Grow. Achieve. Financial & Accounting Systems Comparison Seminar Comparison of Leading ERP Products Seth Zarny - Partner Victoria Fairhead – Senior Manager Buu-Linh Tran – Senior Manager September 24, 2013
  2. 2. WHAT’S ON TAP • INTRODUCTION & AGENDA • HOW TO SELECT ACCOUNTING SOFTWARE • EFFECTIVE ACCOUNTING SYSTEM IMPLEMENTATIONS • REVIEW OF TOP ACCOUNTING PRODUCTS • DEMONSTRATIONS • DYNAMICS GP • DYNAMICS SL • INTACCT • Q&A 2
  3. 3. DO YOU NEED THE NEW SOFTWARE? HINT – SOMETIMES YOU NEED TO CHANGE YOUR SOFTWARE! 3
  4. 4. SEMINAR AGENDA • DECIDE WHEN TO REPLACE YOUR FINANCIAL SYSTEM • REVIEW PROCESS FOR SELECTING APPROPRIATE SOFTWARE • PROVIDE OVERVIEW OF LEADING FINANCIAL PACKAGES • PRESENT DEMO OF 3 LEADING PRODUCTS • Microsoft Dynamics GP • Microsoft Dynamics SL • Intacct 4
  5. 5. ACCOUNTING SYSTEM LIFE CYCLE 1 TO 2 YEARS OLD - INFANCY • Limited features, missing modules • Bugs 3 TO 4 YEARS OLD - CHILDHOOD • Young product • 3rd party modules, bugs, early developer team 5 TO 6 YEARS OLD – ADOLESCENCE • Move to next technical version • Product Performance • Modules with different strength 5
  6. 6. 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 leaders 6
  7. 7. STEPS FOR EVALUATING & SELECTING • DECISION MAKING TEAM • BUDGET • TIME SCHEDULE • CURRENT SYSTEM PROBLEMS • Requirements • SOFTWARE • PARTNER TRUST • IT STAFF INVOLVEMENT 7
  8. 8. 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 FEATURES 8
  9. 9. STEPS FOR EVALUATING & SELECTING (CONT) • ANALYZE REQUIREMENTS AGAINST FEATURES • IDENTIFY APPROPRIATE RESELLERS • PRODUCT DEMONSTRATIONS • PROPOSAL REVIEW • REFERENCES • DECISION 9
  10. 10. SUMMARY OF DYNAMICS GP 2013 • POWERFUL, POPULAR FINANCIAL SYSTEM THAT TARGETS HORIZONTAL & VERTICAL MARKETS – SMS&P • STRONG USER PRODUCTIVITY FEATURES • FLEXIBLE REPORTING & INQUIRY • INDUSTRY LEADER • INTEGRATION WITH EXTERNAL SYSTEMS 10
  11. 11. SUMMARY OF DYNAMICS GP 2013 (CONT) • KEY FEATURES INCLUDE: • Personalized Role Pages • Integrated with Microsoft Office • Web Solution • Business Intelligence – Analysis Cubes • Business Portal – Team Collaboration • Improved Efficiency • Microsoft Visual Studio Integration • Increased Internal Controls 11
  12. 12. SUMMARY OF DYNAMICS SL 2011 • POWERFUL, POPULAR FINANCIAL SYSTEM THAT TARGETS HORIZONTAL & VERTICAL MARKETS – SMS&P • MATURE PRODUCT WITH HIGH MICROSOFT INVESTMENT • POWERFUL USER INTERFACE WITH USER ROLES • EASILY INTEGRATE WITH EXTERNAL SYSTEMS • POWERFUL CHART OF ACCOUNT SEGMENTATION • INDUSTRY LEADER IN PROJECT ACCOUNTING – GOVT CONTRACTING, GRANTS, PROGRAMS 12
  13. 13. SUMMARY OF DYNAMICS SL 2011 (CONT.) • KEY FEATURES INCLUDE: • Integrated with Microsoft Office • Business Portal access to remote users • Customer Facing Web Pages customers only see their data • Web Requisitions - Front-end to Purchasing Module • Automates the Procurement Process • Powerful Project Costing • Improved Efficiency • Microsoft Visual Studio Integration • Increased Internal Controls 13
  14. 14. 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 MORE RESOURCES • MAINTENANCE – UPGRADES INSTALLED CENTRALLY 14
  15. 15. ON PREMISE ATTRIBUTES •CONTROL – IN YOUR ENVIRONMENT •INTEGRATION WITH ORGANIZATION APPLICATIONS •CUSTOMIZATION – UNDER YOUR CONTROL •SECURITY – PLUSES & MINUSES •ACCESS – REMOTE ACCESS & CONTROLLED USERS •LOCAL DATA – DATA IS ACCESSIBLE •KNOWN COSTS – TRADITIONAL COSTS •REPUTABLE MATURE VENDORS 15
  16. 16. MIXED CLOUD & TRADITIONAL VENDORS EXISTING SOFTWARE – HOSTED IN THE CLOUD MATURE PRODUCTS – FUNCTIONALITY MONTHLY FEES SINGLE TENANCY – UPGRADES, BACKUPS, CUSTOMIZED ATTENTION INTEGRATIONS – TRADITIONAL REMOTE ACCESS - CITRIX, REMOTE DESKTOP KNOWN COSTS – TRADITIONAL COSTS REPUTABLE MATURE VENDORS 16
  17. 17. KEY DECISION CRITERIA TO CONSIDER FUNCTIONALITY – DO CLOUD SOLUTIONS MEET YOUR FUNCTIONAL NEEDS? SOPHISTICATION – WHAT LEVEL OF CUSTOMIZATION DO YOU REQUIRE INFRASTRUCTURE SUPPORT – COMMITTED TO ON- PREMISE INFRASTRUCTURE, CLOUD, OR BOTH COSTS – WHAT ARE THE REALISTIC COSTS FOR YOUR ORGANIZATION – ON-PREMISE VS CLOUD SUPPORT – WHO IS SUPPORTING YOUR USERS, APPLICATIONS, AND INFRASTRUCTURE 17
  18. 18. 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 Financials 18
  19. 19. DEMONSTRATIONS 19
  20. 20. QUESTIONS? 20 Seth Zarny – Partner szarny@raffa.com Glenn Anstead – Senior Manager ganstead@raffa.com Buu-Linh Tran – Senior Manager btran@raffa.com Jeremy Taro – Account Executive jtaro@raffa.com
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