2014-03-12 Accounting Systems Comparison Seminar

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2014-03-12 Accounting Systems Comparison Seminar

  1. 1. Thrive. Grow. Achieve. Financial & Accounting Systems Comparison Seminar Comparison of Leading ERP Products Seth Zarny - Partner Glenn Anstead– Senior Manager Buu-Linh Tran – Senior Manager March 12, 2014
  2. 2. WHAT’S ON TAP  INTRODUCTION & AGENDA  HOW TO SELECT ACCOUNTING SOFTWARE  EFFECTIVE ACCOUNTING SYSTEM IMPLEMENTATIONS  REVIEW OF TOP ACCOUNTING PRODUCTS  DEMONSTRATIONS  DYNAMICS GP  DYNAMICS SL  INTACCT  Q&A 2
  3. 3. DO YOU NEED THE NEW SOFTWARE? HINT – SOMETIMES YOU NEED TO CHANGE YOUR SOFTWARE! 3
  4. 4. SEMINAR AGENDA • DECIDE WHEN TO REPLACE YOUR FINANCIAL SYSTEM • REVIEW PROCESS FOR SELECTING APPROPRIATE SOFTWARE • PROVIDE OVERVIEW OF LEADING FINANCIAL PACKAGES • PRESENT DEMO OF 3 LEADING PRODUCTS • Microsoft Dynamics GP • Microsoft Dynamics SL • Intacct 4
  5. 5. ACCOUNTING SYSTEM LIFE CYCLE 1 TO 2 YEARS OLD - INFANCY • Limited features, missing modules • Bugs 3 TO 4 YEARS OLD - CHILDHOOD • Young product • 3rd party modules, bugs, early developer team 5 TO 6 YEARS OLD – ADOLESCENCE • Move to next technical version • Product Performance • Modules with different strength 5
  6. 6. ACCOUNTING SYSTEM LIFE CYCLE (CONT) • 7 TO 11 YEARS OLD - MATURITY • Maturity and Respect • Vertical focuses • Advanced features and capabilities • Strong Channel • 12 TO 15 YEARS – OLD AGE • Technology is Achilles heel • Legacy functions • Client base not technical leaders 6
  7. 7. STEPS FOR EVALUATING & SELECTING • DECISION MAKING TEAM • BUDGET • TIME SCHEDULE • CURRENT SYSTEM PROBLEMS • Requirements • SOFTWARE • PARTNER TRUST • IT STAFF INVOLVEMENT 7
  8. 8. STEPS FOR EVALUATING & SELECTING (CONT) • REVIEW POTENTIAL SOLUTIONS • ELIMINATE OBVIOUS POOR CHOICES • Potential List of 2 or 3 products at most • AVOID ANALYSIS/PARALYSIS • Evaluate Product Match to your Requirements • Accounting Library Used Here • PRODUCT FEATURES 8
  9. 9. STEPS FOR EVALUATING & SELECTING (CONT) • ANALYZE REQUIREMENTS AGAINST FEATURES • IDENTIFY APPROPRIATE RESELLERS • PRODUCT DEMONSTRATIONS • PROPOSAL REVIEW • REFERENCES • DECISION 9
  10. 10. KEY DECISION CRITERIA TO CONSIDER FUNCTIONALITY – DO CLOUD SOLUTIONS MEET YOUR FUNCTIONAL NEEDS? SOPHISTICATION – WHAT LEVEL OF CUSTOMIZATION DO YOU REQUIRE INFRASTRUCTURE SUPPORT – COMMITTED TO ON- PREMISE INFRASTRUCTURE, CLOUD, OR BOTH COSTS – WHAT ARE THE REALISTIC COSTS FOR YOUR ORGANIZATION – ON-PREMISE VS. CLOUD SUPPORT – WHO IS SUPPORTING YOUR USERS, APPLICATIONS, AND INFRASTRUCTURE 10
  11. 11. CLOUD – CLAIMED KEY ATTRIBUTES • AGILITY – IMPROVED RE-PROVISIONING • COST – CLAIMED TO BE REDUCED, COSTS • DISTRIBUTED OVER MANY USERS • DEVICE & LOCATION INDEPENDENCE • MULTI-TENANCY – KEY ISSUE FOR ERP • RELIABILITY – MULTIPLE REDUNDANT SITES • SECURITY – PROVIDERS DEVOTE MORE RESOURCES • MAINTENANCE – UPGRADES INSTALLED CENTRALLY 11
  12. 12. ON PREMISE ATTRIBUTES • CONTROL – IN YOUR ENVIRONMENT • INTEGRATION WITH ORGANIZATION APPLICATIONS • CUSTOMIZATION – UNDER YOUR CONTROL • SECURITY – PLUSES & MINUSES • ACCESS – REMOTE ACCESS & CONTROLLED USERS • LOCAL DATA – DATA IS ACCESSIBLE • KNOWN COSTS – TRADITIONAL COSTS • REPUTABLE MATURE VENDORS 12
  13. 13. MIXED CLOUD & TRADITIONAL VENDORS • EXISTING SOFTWARE – HOSTED IN THE CLOUD • MATURE PRODUCTS – FUNCTIONALITY • MONTHLY FEES •SINGLE TENANCY – UPGRADES, BACKUPS, CUSTOMIZED ATTENTION • INTEGRATIONS – TRADITIONAL • REMOTE ACCESS - CITRIX, REMOTE DESKTOP • KNOWN COSTS – TRADITIONAL COSTS • REPUTABLE MATURE VENDORS 13
  14. 14. SUMMARY OF DYNAMICS GP 2013 • POWERFUL, POPULAR FINANCIAL SYSTEM THAT TARGETS HORIZONTAL & VERTICAL MARKETS – SMS&P • STRONG USER PRODUCTIVITY FEATURES • FLEXIBLE REPORTING & INQUIRY • INDUSTRY LEADER • INTEGRATION WITH EXTERNAL SYSTEMS 14
  15. 15. SUMMARY OF DYNAMICS GP 2013 (CONT) • KEY FEATURES INCLUDE: • Personalized Role Pages • Integrated with Microsoft Office • Web Solution • Business Intelligence – Analysis Cubes • Business Portal – Team Collaboration • Improved Efficiency • Microsoft Visual Studio Integration • Increased Internal Controls 15
  16. 16. SUMMARY OF DYNAMICS SL 2011 • POWERFUL, POPULAR FINANCIAL SYSTEM THAT TARGETS HORIZONTAL & VERTICAL MARKETS – SMS&P • MATURE PRODUCT WITH HIGH MICROSOFT INVESTMENT • POWERFUL USER INTERFACE WITH USER ROLES • EASILY INTEGRATE WITH EXTERNAL SYSTEMS • POWERFUL CHART OF ACCOUNT SEGMENTATION • INDUSTRY LEADER IN PROJECT MGMT & ACCOUNTING – GOVT CONTRACTING, GRANTS, PROGRAMS 16
  17. 17. SUMMARY OF DYNAMICS SL 2011 (CONT.) • KEY FEATURES INCLUDE: • Integrated with Microsoft Office • Web access for remote users • Web based Business Intelligence, Dashboards • Web Requisitions - Front-end to Purchasing Module • Automates the Procurement Process • Powerful Project Costing • Improved Efficiency • Microsoft Visual Studio Integration • Increased Internal Controls 17
  18. 18. INTRODUCTION TO INTACCT • CLOUD BASED ERP SYSTEM •True Cloud Based •Local Partners •Annul Subscription Costs • STRONG FUNCTIONALITY • VERY SATISFIED CLIENT BASE • TARGETED TO FIRMS – IN NO PARTICULAR ORDER •Outgrowing Quickbooks •Interested in the Cloud & Ease of use •Not For Profit •Project Oriented Firms – Professional services •Very Strong Financials 18
  19. 19. DEMONSTRATIONS 19
  20. 20. QUESTIONS? 20 Seth Zarny – Partner szarny@raffa.com Glenn Anstead – Senior Manager ganstead@raffa.com Buu-Linh Tran – Senior Manager btran@raffa.com Jeremy Taro – Account Executive jtaro@raffa.com

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