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Dennis HowlettFinance in the cloud:The no-nonsense business case     ‣   13th June, 2011                                  ...
yesterday...               AccMan
today...           AccMan
What I really do....                  beep!                    and I suspect you do too...                                ...
My mission...today                     AccMan
Your mission               AccMan
...which means...                    ...are you surprised?                                  AccMan
...which also means...                         ...and many battles                                      AccMan
Hit ‘em with thisFinance - yay !!                       AccMan
They’ll come back with thisFinance - boo !!                                  AccMan
Which is when you have to remind yourself...                                  AccMan
And point out the stupidity of the argument        Ranked no.1 in category for most admired companies - Forbes 2011       ...
Or perhaps emphasis pioneer comments?                         92% said that they felt SaaS solutions                      ...
...and the money men                             raises $12.3 million “Cloud computing is fundamentally altering the lands...
...and later this week    If it’s good enough for them why not us?                                               AccMan
Why go to the cloud for accounting?‣    Improve the billing process - 50%‣    Fast track implementation for new venture - ...
Why go to the cloud for accounting?‣    Cost reduction etc...yeah, yeah, yeah‣    Easy to extend - seriously !!‣    Flexib...
Is that it?   “The company is quite literally a business that would not be possible   on its current scale without the clo...
Why the cloud makes a difference‣    Forces agility‣    Gives you reach‣    Dissolves time, space and geography‣    Provid...
On-prem v cloud differencesOn-prem                       CloudAvoid change                  Embrace changeLagging innovati...
Finance and CRM   CRM  Finance                  AccMan
Finance and CRM: benefitsCRM ★transparency into a/cs ★automated oppty to cash ★improved cust sat                          ...
...and when they object..show ‘em this                n(n-1)2                                  AccMan
Organisational benefits “apps not only share the same language but can share the same culture” Jeremy Roche, CEO Financial...
So what about the E2.0 aspect?Updating a project totalCreating an opportunity                                 AccMan
So what about the E2.0 aspect?Large deals notificationDashboard data                                 AccMan
Even SAP is doing itCRM/financial dataSocial data                       AccMan
OK, OK, I get it but who’s doing it?‣   FreshBooks - 1 million + customers‣   Xero - x2 cust nos in 2010>11 to 36,000, x3 ...
What you can do                  ‣   Almost no-one does the math                  ‣   Almost no one tries to understand   ...
The question you have to answer?                  OR                                   AccMAn
I hope this guides your thinking                                   AccMan
...and to help you along the way The Comprehensive SAP Business ByDesign Report                                        Acc...
Dennis HowlettThankYou !!                  AccMan
Dennis HowlettContact   ‣   email: dahowlett@gmail.com   ‣   Twitter: http://twitter.com/dahowlett   ‣   Skype/Facebook/Li...
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No Nonsense guide to Cloud Accounting

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Financial data is the last to go into the cloud - isn't it? Not as much as it seems. But if you are selecting then why and what should you be looking at?

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  • Transcript of "No Nonsense guide to Cloud Accounting"

    1. 1. Dennis HowlettFinance in the cloud:The no-nonsense business case ‣ 13th June, 2011 AccMan
    2. 2. yesterday... AccMan
    3. 3. today... AccMan
    4. 4. What I really do.... beep! and I suspect you do too... AccMan
    5. 5. My mission...today AccMan
    6. 6. Your mission AccMan
    7. 7. ...which means... ...are you surprised? AccMan
    8. 8. ...which also means... ...and many battles AccMan
    9. 9. Hit ‘em with thisFinance - yay !! AccMan
    10. 10. They’ll come back with thisFinance - boo !! AccMan
    11. 11. Which is when you have to remind yourself... AccMan
    12. 12. And point out the stupidity of the argument Ranked no.1 in category for most admired companies - Forbes 2011 Online filing is now mandatory (jokes aside about effectiveness) If it’s good enough for them why not us? AccMan
    13. 13. Or perhaps emphasis pioneer comments? 92% said that they felt SaaS solutions were very secure AccMan survey, 8th June 2011 If it’s good enough for them why not us? AccMan
    14. 14. ...and the money men raises $12.3 million “Cloud computing is fundamentally altering the landscape of the financial applications market and Intacct is well positioned to be the dominant provider of cloud financial management and accounting software for mid- market companies and CPA firms.” Jim Simons, managing director at Split Rock Partners - 9th June, 2011 If it’s good enough for them why not us? AccMan
    15. 15. ...and later this week If it’s good enough for them why not us? AccMan
    16. 16. Why go to the cloud for accounting?‣ Improve the billing process - 50%‣ Fast track implementation for new venture - 20%‣ Requirement to reduce IT investments (capex) - 18%‣ Required systems refresh with limited IT resource - 18% results from survey data among those who have invested do more with less and do it better AccMan
    17. 17. Why go to the cloud for accounting?‣ Cost reduction etc...yeah, yeah, yeah‣ Easy to extend - seriously !!‣ Flexibility - meter up or down (if you negotiate carefully)‣ Deliver value quickly - no forced march‣ No more upgrade hell‣ Re-engineering the business for value get something you can’t get today AccMan
    18. 18. Is that it? “The company is quite literally a business that would not be possible on its current scale without the cloud. This is what business transformation is really about — not incremental improvements in performance, but being able to do things that simply were not possible before the cloud existed.” Phil Wainewright talking about m62 visualcommunications do something you can’t do today AccMan
    19. 19. Why the cloud makes a difference‣ Forces agility‣ Gives you reach‣ Dissolves time, space and geography‣ Provides opportunities to re-invent without disruption‣ Makes competitive comparison easier‣ Offers the potential for work to become fun - seriously I would not be here but for the cloud AccMan
    20. 20. On-prem v cloud differencesOn-prem CloudAvoid change Embrace changeLagging innovation Leading innovationIT project Functional review onlyLong upgrade cycle Short/no upgrade cycleLack of commonality Lots of commonalitya different way of thinking AccMan
    21. 21. Finance and CRM CRM Finance AccMan
    22. 22. Finance and CRM: benefitsCRM ★transparency into a/cs ★automated oppty to cash ★improved cust sat Finance ★automated billings ★no manual rekeying ★improved DSO AccMan
    23. 23. ...and when they object..show ‘em this n(n-1)2 AccMan
    24. 24. Organisational benefits “apps not only share the same language but can share the same culture” Jeremy Roche, CEO FinancialForce.com AccMan
    25. 25. So what about the E2.0 aspect?Updating a project totalCreating an opportunity AccMan
    26. 26. So what about the E2.0 aspect?Large deals notificationDashboard data AccMan
    27. 27. Even SAP is doing itCRM/financial dataSocial data AccMan
    28. 28. OK, OK, I get it but who’s doing it?‣ FreshBooks - 1 million + customers‣ Xero - x2 cust nos in 2010>11 to 36,000, x3 revs‣ KashFlow - x2 revenue 2009>2010‣ NetSuite more than 10K orgs, $200 mill revs‣ SAP closing 100 customers/month with ByDesign‣ Workday - coming to market with cloud fins, expects to x2 bookings ($320-350 mill?) 2011>2012 ...it is too big to be ignored AccMan
    29. 29. What you can do ‣ Almost no-one does the math ‣ Almost no one tries to understand the real costs ‣ CIMA members are well positioned to undertake the work AccMan
    30. 30. The question you have to answer? OR AccMAn
    31. 31. I hope this guides your thinking AccMan
    32. 32. ...and to help you along the way The Comprehensive SAP Business ByDesign Report AccMan
    33. 33. Dennis HowlettThankYou !! AccMan
    34. 34. Dennis HowlettContact ‣ email: dahowlett@gmail.com ‣ Twitter: http://twitter.com/dahowlett ‣ Skype/Facebook/LinkedIn: dahowlett ‣ tel: +34 607 482 739 AccMan
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