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2014-03-26 Best in Cloud Based Accounting Systems


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2014-03-26 Best in Cloud Based Accounting Systems

  1. 1. Intacct Cloud Based Accounting System Seminar Seth Zarny – Partner Buu-Linh Tran – Senior Manager Jeremy Taro – Account Executive Thrive. Grow. Achieve. March 26, 2014
  2. 2. WHAT’S ON TAP 2  INTRODUCTION & AGENDA  NEW OPTIONS - ON PREMISE V. CLOUD What is the Cloud? Attributes, Advantages On Premise – Advantages Mixed Cloud with Traditional ERP Key Decision Points  INTRODUCTION TO INTACCT Flexibility & Visibility Multi-Everything  DEMONSTRATION - INTACCT Functions Visibility Flexibility ROI  Q&A
  3. 3. DO YOU NEED THE NEW SOFTWARE? 3 Hint – Sometimes You Need to Change Your Software!
  4. 4. MUTUAL INTRODUCTIONS 4  WHO IS IN THE ROOM  YOUR ORGANIZATION • Size – Number of Employees • Current Accounting Solution(s) • Challenges  Raffa • Seth Zarny • Buu-Linh Tran • Jeremy Taro • Brief Background and Qualifications
  5. 5. WHAT IS THE CLOUD? 5 NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY (NIST) Cloud computing - model for convenient, on-demand network access to shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services). Rapidly provisioned and released with minimal management effort.[4] Cloud computing provides computation, software, data access, and storage services – does not require end-user knowledge of physical location and configuration of the system that delivers services.
  6. 6. CLOUD – CLAIMED KEY ATTRIBUTES 6  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
  7. 7. 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 7
  8. 8. MIXED CLOUD & TRADITIONAL VENDORS 8  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
  9. 9. KEY DECISION CRITERIA TO CONSIDER 9  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. 10. INTRODUCTION TO INTACCT 10  Cloud Based ERP System • True Cloud Based • Software As A Service (SAAS) • Local Partners • Yearly Costs  Strong Functionality  Very Satisfied Client Base  Targeted to Firms – in no particular order • Outgrowing QuickBooks • Interested in the Cloud • Not For Profit • Project Oriented Firms – Professional Services • Very Strong Financials • Multi-Company • Multi-Currency • Multi-Organizational Rollup • Cost Effective
  11. 11. INTACCT’S RELEVANT EXPERIENCE 11  HELPED HUNDREDS OF BUSINESSES LIKE YOURS ACHIEVE A SIGNIFICANT ROI BY:  Increasing real-time visibility into your software business to deepen leadership insights  Accessible Financials, Multi- Organizational, & Services  Automating complex revenue recognition and billing  Maximizing renewal revenue with proactive and automatic renewals management  Accelerating financial consolidations and close processes  Streamlining the capture of time and expenses incurred by your services organization Case Examples “Intacct has rich functionality, great reporting and it’s tremendously flexible. Intacct makes us more productive, allowing us to strategically redeploy some of our staff – ultimately saving the company more than $100,000 annually in added salary.” CEO ASP Global Services
  12. 12. INTRODUCING INTACCT’S CORE PILLARS OF SUCCESS 12 Since we are into financials, let’s do a little math … Best Best in Class (Cloud) Financials Superior ROI YOUR SATISFACTION Deep Visibility “Get the Edge” Leadership Insights Flexibility & Control "You're in Charge” Maximize the Value of Your Data Adapt the Power of Our Software
  13. 13. Best in Class Financials 13  Specifically designed for dynamic, small and mid-market organizations.  Uniquely preferred by the AICPA  No. 1 integrated financial applications for  Intacct highlights: • Unmatched real-time, “deep insight” visibility • Comprehensive financials, from core accounting to global consolidations • Out-of-box, tailored reports and workflows • Easy to individualize, extend and integrate to match your precise needs • Superior integration with your existing business solutions • Comprehensive ecosystem of partners • True cloud computing with world-class operations BUILT FOR AND BY FINANCE PROFESSIONALS”
  14. 14. DEEP VISIBILITY 14  Unlock your business data for powerful business insights  Drive business performance through rich planning, reporting and analysis  Intacct Highlights: • “Get at Your Data Real Time” - Role-based dashboards deliver business insights tailored for all your internal and external stakeholders • “Discover More” - Easily combine financial and non-financial data into compelling, new insights  Integrate financial and operational data for ratios and KPI’s  Use 13 dimensions to capture the most detail of your business  Maintain multiple, auditable sets of books • “Synthesize Insights” – Leverage your own financial graphs, reports and analyses  Enable rich planning, reporting, and analysis at the global and local level with ability to drill down to transactional detail right from within reports and dashboards  Manage an unlimited number of budgeting, planning, and forecasting scenarios
  15. 15. FLEXIBILITY & CONTROL 15  Intacct solutions adapt to your business now and into the future  Easy to get started with best practice charts of accounts, dashboards and reports  Easy to individualize, extend and integrate to match your precise needs and processes • Configure workflows • Configurable data fields, transaction definitions, invoices, and report formats  Easy to adapt and scale your business with Intacct’s “Multi-everything” architecture: • Multi-ledger delivers scalability and control for high volume / high transaction businesses • From multi-book to multi-national global business management, Intacct keeps pace with your dynamics business.
  16. 16. SUPERIOR RETURN ON INVESTMENT (ROI) 16  Subscription-based pricing model - Pay only for what you need − “We know we need to earn your business every year”  Higher ROI and faster payback − Save time with automated and streamlined processes − Higher employee productivity − Real time visibility − Anytime, anywhere access − No IT infrastructure and on-going operational costs − No additional upgrades costs − Continuous product innovation − Industrial-grade infrastructure with guaranteed service levels and operational excellence • Subscription fee • Training • Configuration On-Demand • Ongoing IT workload • Fixes, Patches • Maintenance & upgrades: • Hardware • Network • Downtime • Performance tuning • Rewrite customizations • Rewrite integrations • Upgrade dependent applications • Disaster recovery On-Premises • Security • Database Ongoing Cost Comparison
  17. 17. 17 SUCCESSFUL IMPLEMENTATIONS  Experienced project managers and consulting services with deep industry and financial expertise  1,000’s of successful implementations  Established project methodology leverages Intacct’s “Best Practices” for accelerated “FastTrack” time-to-value solution  Training and support speed-up user adoption  Well-defined tools and templates simplify effort with little disruption to you • Turnkey, standardized “best practice” setup and configuration • Customized, consultative approach matches your business processes • Integration with additional systems and business processes Illustrative Implementation Process Excerpt
  18. 18. INDUSTRIAL GRADE OPERATIONS 18  IBM Fortune 100 class data center  SunGard hot backup data center  Multiple layers of security and encryption ― Update every security patch on a nightly basis  World-class 24x7x365 operations ― 99.992% availability for 2010 ― Industry leading SLA ― SAS 70 Type II Audited ― 3rd Party Penetration Testing ― Earthquake protected ― Armed guards ― Biometrics systems
  19. 19. KEEPING YOU SATISFIED 19  Our deep commitment to customer satisfaction is ingrained in our products, our culture, and the way we do business  Our employees’ bonuses are paid on your satisfaction  94% of our customers would recommend us to their friends  Industry leading SLA  Implementation  Best practices to ensure success  Web-based training included  Post-Implementation Support  US-based, dedicated Customer Success team with dedicated Services Program Manager  Deep industry and financial expertise  Close collaboration with Sales to ensure complete understanding of requirements  Best practices and post-implementation support
  22. 22. QUESTIONS 22 Seth Zarny – Partner 301.279.6500 Buu-Linh Tran – Senior Manager 301.279.6511 Jeremy Taro – Account Executive 301.279.6504