Presentation of MRC project to accountants.

1. Business Accounting
Cloud + Mobile

3. What it was

4. What it was

5. What it has become

6. What it will be
DATA
BANK
NORMAL
BANK
Money Storage Data Storage

7. Lack of standards

8. Economic democracy!

9. Operations v/s Recording
We must not confuse the operations with
the recording of the transaction
If we sell a bed today and deliver it next
week
The 1-week delay affects the operations not
the accounts.

10. Operations v/s Recording
In terms of technology
The operations is a CRM issue
The sale transaction is an ERP issue
Trying to mix up the two will create
breakdowns in one system when the other
goes wrong. System must be modular.

11. Data transformation
BARCODE POS QR CODE RFID HHT
LEDGER

12. Data transportation
Hand
held
On
premise
On
cloud

13. Data validation
Check for data
corruption
Check if input is
complete

14. Normalisation
International
Accounting
Standards
Legislations

15. Why do we have to convince anyone?
Putting accounts on the cloud!!!
Nothing new!!!
I don’t want to pay every month!!!
I already have an accountant!!!
Data capture devices do exist!!!

16. What is different?
Quickbooks, Sage, Peachtree
• On premise server
• Back-office input
• No data capture support
• Many accounting packages
• Ready-made
• No IT support unit
Business Accounting
• On premise and on cloud
servers
• Front-office and back-office
input
• Full data capture support
• Any accounting package
• Tailor-made
• IT support unit included

17. Data capture devices do exist
Existing
• Proprietary software
• Stays in the devices
• No local know-how
• Not connected to accounts
• Works on one equipment
Proposed
• Works on any platform
• Transported to the cloud
• Developed locally
• Converted to ledger format
• Works on any equipment

18. Confidentiality
Banks
• You cannot see the money
in your neighbour’s account
• You need a password to see
your account
• Bank officials do not
disclose information
• Information given to
accountant if authorization
obtained
Business Accounting
• You cannot see the money
in your neighbour’s account
• You need a password to see
your account
• IT staff do not disclose
information
• Information given to
accountant if authorization
obtained

19. Advantages
Dashboard on smartphone
No worry about backups
Connects to accountants
Works on IOS, Android, Windows
Supports all brands of equipment

20. Our ERP
servers