Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

A CFO Story: When It's Time to Upgrade Financial Systems & Do it Right - Hello Cloud Accounting

565 views

Published on

Video & Slides: http://www.proformative.com/events/cfo-story-when-its-time-upgrade-financial-systems-do-it-right-hello-cloud-accounting
There's no denying a CFO's job continues to become increasingly complex. The last thing that the office of the CFO needs is accounting and financial systems that fail to address critical business needs including compliance issues, an effective financial close process, complex business processes, and company growth. How do you know when it's the right time to upgrade your financial systems? How do you accurately assess your company's current and future needs, and find the right solution in the new age of cloud computing?

Published in: Business, Economy & Finance
  • Be the first to comment

  • Be the first to like this

A CFO Story: When It's Time to Upgrade Financial Systems & Do it Right - Hello Cloud Accounting

  1. 1. THE RESOURCE FOR CORPORATE FINANCE, ACCOUNTING & TREASURY PROFESSIONALS When It’s Time to Upgrade Financial Systems & Do it Right Tom Brennan, VP of Marketing, FinancialForce.com Scott Travasos, CFO, Blue Shield of CA Foundation
  2. 2. Learning Objectives • • •
  3. 3. THE RESOURCE FOR CORPORATE FINANCE, ACCOUNTING & TREASURY PROFESSIONALS When It’s Time to Upgrade Financial Systems & Do it Right Tom Brennan, VP of Marketing, FinancialForce.com Scott Travasos, CFO, Blue Shield of CA Foundation
  4. 4. 5 Reasons Why People Change Systems • • • • •
  5. 5. Business Driven Decisions To Change • – – – • • • – • –
  6. 6. Technology Driven Decisions To Change • – • – • – – • – ?
  7. 7. Corporate & Business Combination Driven Decisions To Change • • • – • • – •
  8. 8. Vendor Driven Decision To Change • • • • •
  9. 9. Scott Travasos, CFO
  10. 10. I knew it was time to upgrade Separate Systems Outdated Systems and Processes No Control over Data Manipulation Weak Internal Communications
  11. 11. Why The Cloud Made Sense • • • •
  12. 12. Multi-tenant vs Single-tenant vs On-Premises
  13. 13. Advantages of finance in the cloud • – – – – – – • – – –
  14. 14. Advantages of Cloud Finance • • •
  15. 15. Advantages of Cloud Finance • • – – • – – –
  16. 16. One Cloud Approach • • – – – – – • – –
  17. 17. Facebook has become a way of life
  18. 18. Facebook for Finance? •
  19. 19. Social Users Exceed Email Users Source: Comscore, June 2011 “The expectation now is that the tools people use at work are as easy and as fun as the ones they use in their personal life” (David Stein – CEO Rypple)
  20. 20. We work in virtual companies
  21. 21. We are working socially…the hard way
  22. 22. Social Media Stats • • – – • –
  23. 23. Social Media can… • • • • • • • • • • • •
  24. 24. Life in the Finance Dept Before • • • • • •
  25. 25. Life in the Finance Dept After • Customer interaction data readily available to Finance • Finance Department spends less time emailing • Finance and Other Departments relationship more collaborative • Less Work! Employees outside of finance can see data
  26. 26. A Winning Strategy - ROI • • • • • • •
  27. 27. It Has Transformed my Job as a CFO • • • 29
  28. 28. Please join us at www.proformative.com to ask any additional questions you may have and to continue this conversation with your peers and the experts you heard from today. If you have questions about CPE Credit please contact cpe@proformative.com

×