Best Practices for Improving an Accounting System Facts You Should Know Problems often can be traced back to four key areas: 1. How the system was set up 2. How well the processes were married to the technology 3. The type of training people received 4. How well “Best Practices” were applied to the end-to-end processes Free Whitepapers - www.silverroad.net/finance • Unlock the Hidden Value in your Accounting System • Improving Inefficient Accounting Systems

1. Best Practices for
Improving your Accounting System
Facts You Should Know
Tom Sonde
SilverRoad Solutions

2. Improving your Accounting System
Facts You Should Know
Studies have reported that up
to 90% of organizations are
unhappy with their systems.
Text
This is an
example text
Ouganizations reporting
satisfaction with their system
Ouganizations reporting
dissatisfaction with their
system
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3. Improving your Accounting System
Facts You Should Know
• One area that receives inadequate
attention is the actual
implementation process
• Many a problem or system
shortcoming might have been
avoided if the implementation
team had addressed the issue
properly
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4. Improving your Accounting System
Facts You Should Know
Problems often can be traced back
to four key areas:
1. How the system was set up
2. How well the processes were
married to the technology
3. The type of training people
received
4. How well “Best Practices” were
applied to the end-to-end
processes
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5. Improving your Accounting System
Facts You Should Know
Improvements can be accomplished gradually. A team can focus on
one process area at a time, and most successful projects begin by
focusing on processes that provide a quick win.
Payroll Billing
General Ledger
Consolidations
Accounts Processes Credit &
Payable Collections
Travel &
FP & A
Entertainment
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6. Improving your Accounting System
Facts You Should Know
• The costs to improve an
accounting system and
related processes are
insignificant when compared
to the total cost of the
ROI system
• The Return on Investment is
usually less than one year
Intangible Benefits
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7. Improving your Accounting System
Facts You Should Know
System and related
process changes do
not require an army of
consultants
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8. Improving your Accounting System
Facts You Should Know
Free Whitepapers
 Unlock the Hidden Value in your Accounting System
Facts You Should Know
 Improving Inefficient Accounting Systems
A Key to Success
www.silverroad.net/finance
Page  8

9. Improving your Accounting System
Facts You Should Know
Thank you for
your attention!
Any Questions?
Tom Sonde, Principal
(973) 722-9304
tsonde@silverroad.net
SilverRoad.net
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10. Tom Sonde Biography
Tom Sonde
Tom is a principal with Silver Road Solutions, a management consulting firm specializing in helping
accounting & finance organizations be more productive. He began performing process improvement work
while at The Dun & Bradstreet Corporation. He subsequently worked at KPMG Consulting and was VP
Global Business Transformation at Misys where he redesigned their global accounting and finance
processes during an SAP implementation.
Tom has extensive experience in designing and implementing process improvement initiatives and has
published several articles on this topic. Including one in the December issue of the Journal of Accountancy.
For additional information lease visit silverroad.net
Tom Sonde, Principal
SilverRoad Solutions
1362 Tamarack Road
Manasquan, NJ 08736
(973) 722-9304
tsonde@silverroad.net
Silverroad.net
Copyright © 2013 SilverRoad Solutions.
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11. About Us
SilverRoad Solutions is an innovative management consulting firm specializing in,
Accounting System Optimization, Expense Reduction, Process Improvement and Business
Process Management services. We assist organizations in successfully implementing
transformational change.
To learn more about how we can lower your costs while improving the productivity of your
organization please contact us at info@silverroad.net or by calling (973) 722-9304.
Copyright © 2013 SilverRoad Solutions.
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