2. About Us
• A consulting firm founded in 1956, by James Franko
• Headquarters in NewYork City, NY
• In 105 countries
• Spread throughout all 50 States
• Global revenues: US$42.7 billion
• Global Chairman and CEO: Mark Thomas
• Number of people globally: 350,000 (as of 30 July 2015)
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4. Our Vision
• Discover our client’s business potential and find out how to
invigorate their business.
• Building strong relationships with our clients.
• Strategizing accounting information systems and providing
efficient results.
Shared desire, Real results
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6. Welcome “Sky Bicycles”
• A prominent manufacturer of professional-grade Bicycles
• Located in Northeastern United States
• SB’s Bicycles Range from $5,000-$15,000
• SB sponsor Athletes, providing 100% free bicycles and gear.
• Problems?
• COGS has risen over the past 3 years
• Revenue has remained the same and even dipped slightly
• Internal controls need to be revised and implemented properly
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7. Agenda
• Current Process
• Weaknesses & Threats
• Solutions
• New Process
• Live Demo
• Offer & Package
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8. Current Process
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Requirements,
Sponsorship
Level ? Level 1
Orders via
Phone
Name &
address ?
create
Send
to
Packing
Slip
closes
Current Process
Weakness &
Threats
Solutions New Process Offer & Package
Open Sales
Order File
Open Sales
Order File
Sponsored &
Customer
Master File
General Journal
Transaction
File
Live Demo
9. Problems Found
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Requirements,
Sponsorship
Level ? Level 1
Problems
• There is no online approval process and requirements are not clear
• Sponsored Athlete master file has the same information as the Customer master file
• No Management Reports Generated
Threats
• First
• Athlete can be approved however he/she doesn't meet the requirements
• Miss-matching the Level
• Second
• Over lapping information and/ or confusion of reports generated.
• Inaccurate Master Data
Current Process
Weakness &
Threats
Solutions New Process Offer & Package
Sponsored &
Customer
Master File
Live Demo
10. Solution
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• An athlete must make an online account
• Requirements must be set in the database
• Separate Sponsored Athlete master file from the Customer master
file
Current Process
Weakness &
Threats
Solutions New Process Offer & Package
DFD to Explain
Live Demo
12. Problem Found
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Orders via
Phone
Name &
address ?
create
Send
to
• Problems
• Athletes make orders without being approved
• Orders can be placed via phone without any codes or passwords being asked for
• Threats
• Unauthorized disclosure of sensitive information
• Anyone can make an order if he knows Athlete’s name
• Phony Orders
• Excess of unauthorized goods sold
Current Process Problems Solutions New Process Offer & Package
Open Sales
Order File
Live Demo
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13. Solution
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• Access Controls
Athlete need to have an Athlete Code and Account ID (generated by the
system) to be able to place the order
• Encryption
Employee need to have the Account ID to be able to create the Order for the
Athlete.
DFD to Explain
Current Process
Weakness &
Threats
Solutions New Process Offer & Package Live Demo
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15. Problems
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Packing
Slip
closes
? ?
• Problems
• NO Transaction File Created
• NO Managerial Reports Generated
• Threats
• Stock Outs or excess Inventory
• Poor Performance
Current Process
Weakness &
Threats
Solutions New Process Offer & Package
Open Sales
Order File
General Journal
Transaction
File
Post
Entries
Live Demo
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16. Solution
• Creating Sale Transaction file
• Generate COGS File for the sponsored Athlete File
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Current Process
Weakness &
Threats
Solutions New Process Offer & Package
DFD to Explain
Live Demo
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18. Problems
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Packing
Slip
closes
?
• Shipping Errors
• Failure to ship, wrong quantities or wrong items or wrong address
Current Process
Weakness &
Threats
Solutions New Process Offer & Package
Open Sales
Order File
General Journal
Transaction
File
Post
Entries
Live Demo
19. Solution
• Reconciliation of shipping documents with sales orders, picking
lists and packing slips
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Current Process
Weakness &
Threats
Solutions New Process Offer & Package Live Demo
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21. New Process
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Account ID
Name
Shipping
Address
create
Send
to Packing
Slip
Open Sales
Order File
General Journal
Transaction
File
Sponsored
Master File
Open Sales
Order File
Closes
Sponsored
Transaction File
Reports
Post
Entries
3 way
match
Current Process
Weakness &
Threats
Solutions New Process Offer & Package Live Demo
22. Live Demo
• Access Database Demo
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Current Process
Weakness &
Threats
Solutions New Process Offer & Package Live Demo
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23. Offer & Package
• Access DataBase 20%
• Full Audit Service for Two Years
• Backup System
• 2015 Security Software
• CPA Qualified Teams
$15,000/Month
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24. Thank You!
Thank you for choosing 15th S&S for review your financial dilemmas. We
hope our team provided solutions that will resolve Sky Bicycle for future
services s revenue conflict.
Please contact us for any questions at
(518) 495-9656 or ssconsulting@15s&s.com
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15th S&S, LLC
