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We Broke Quickbooks! Moving to Cloud Financials with FinancialForce Accounting

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http://www.proformative.com

It’s rare you run into a company that isn’t strategizing for growth. But as your business grows so do the demands on your accounting systems. The notion of “if you’re not growing as a company, then you’re dying” is powerful. And in this age of everything moving at hyperspeed - growth can happen faster than you have time to react. For companies using QuickBooks - mired in spreadsheets, disconnected systems & workarounds - you could possibly find yourself moving backwards. Don’t let the shortcomings of QuickBooks impede your path to success.

Join Mike O’Brien, GM of Financial Management Applications at FinancialForce.com and see how you can make the leap from QuickBooks to cloud financials. By combining FinancialForce Accounting, a comprehensive cloud-financial management application with the power of Salesforce CRM, you will find greater visibility, flexibility, and agility you need to “get ahead of it” and realize your full potential.

Published in: Economy & Finance
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We Broke Quickbooks! Moving to Cloud Financials with FinancialForce Accounting

  1. 1. Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals We Broke QuickBooks: Moving to Cloud Financials with FinancialForce Accounting
  2. 2. Proformative Event Notes • Presentation and recording links emailed within 24 hrs. The PPT is already posted at the event’s landing page. • There are no CPE credits for today’s Solution Demo • We want to hear from you! Ask questions for the Q&A session at the end of the event. • Please take the short survey at the end of the webinar.
  3. 3. Introducing Proformative Academy: • On-demand video courses taught by senior practitioners • Over 190 finance and accounting courses - adding a course every day! • CPE for CPA, CMA, CTP, FP&A, CRMA and CIA • Subscribe for $499/year! Welcome to Proformative “Proformative is the leading professional development resource for every member of the Office of the CFO” If you want to learn more: Tell us on your survey!
  4. 4. Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals We Broke QuickBooks: Moving to Cloud Financials with FinancialForce Accounting Mike O’Brien, GM of Financial Management Applications, FinancialForce.com
  5. 5. The growth curve conundrum Revenue G&A
  6. 6. With growth, other growing pains and needs arise • Reporting • Chart of accounts • Process flexibility • Multi-company • Multi-currency • New lines of business • Ambitions to go public • Compliance/audit trails • Stringent audit requirements • Separation of duties
  7. 7. Signs you’ve outgrown QuickBooks • Growth in transaction volumes • A need for process automation • Lack of integration is costly and disruptive • Staff burning through the ‘midnight oil’ • Need for sophisticated accounting requirements • Multi-company, foreign currency • Complex billing and revenue recognition • Consolidations • Need for more controls • Workarounds & spreadsheets mushrooming • Complex workflow & approval processes • Too many users with full admin rights
  8. 8. Signs you’ve outgrown QuickBooks • Issues with data integrity • More than one customer record across systems • Lack of real-time visibility into financials • Moving data to Excel for analysis • Constrained by number of dimensions (classes) • Products, projects costs, profitability • Multiple users – System locking issues • Does not fit existing technology architecture • Sync and reconciliation with operational systems
  9. 9. Moving Beyond QuickBooks • On-premise vs. cloud solutions • Most importantly: does it fit your technology strategy
  10. 10. Cloud financial systems give you room to grow • Flexible and relational chart of accounts • Multi-everything: company, currency, users • Dig into workflow, approval processes, and configurability • Security profiles • Full functionality ERP with revenue recognition
  11. 11. Moving to Cloud Financials with FinancialForce Accounting
  12. 12. Thank you for your interest in this presentation. View the on-demand webinar or download the full presentation at: www.Proformative.com

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