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2013-09-24 Accounting Systems Comparison
The document provides an overview and comparison of leading ERP software products. It discusses the agenda, including how to select accounting software and reviews of top products like Dynamics GP, Dynamics SL, and Intacct. The presentations provide summaries of each software, highlighting key features. It also covers considerations for choosing between cloud-based versus on-premise systems.
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2013-09-24 Accounting Systems Comparison
- 1. Thrive. Grow. Achieve. Financial& Accounting Systems Comparison Seminar Comparison of Leading ERP Products Seth Zarny - Partner Victoria Fairhead – Senior Manager Buu-Linh Tran – Senior Manager September 24, 2013
- 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. DO YOU NEEDTHE NEW SOFTWARE? HINT – SOMETIMES YOU NEED TO CHANGE YOUR SOFTWARE! 3
- 4. SEMINAR AGENDA • DECIDEWHEN 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. ACCOUNTING SYSTEM LIFECYCLE 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. ACCOUNTING SYSTEM LIFECYCLE (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. STEPS FOR EVALUATING& SELECTING • DECISION MAKING TEAM • BUDGET • TIME SCHEDULE • CURRENT SYSTEM PROBLEMS • Requirements • SOFTWARE • PARTNER TRUST • IT STAFF INVOLVEMENT 7
- 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. STEPS FOR EVALUATING& SELECTING (CONT) • ANALYZE REQUIREMENTS AGAINST FEATURES • IDENTIFY APPROPRIATE RESELLERS • PRODUCT DEMONSTRATIONS • PROPOSAL REVIEW • REFERENCES • DECISION 9
- 10. SUMMARY OF DYNAMICSGP 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 10
- 11. SUMMARY OF DYNAMICSGP 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 11
- 12. SUMMARY OF DYNAMICSSL 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 ACCOUNTING – GOVT CONTRACTING, GRANTS, PROGRAMS 12
- 13. SUMMARY OF DYNAMICSSL 2011 (CONT.) • KEY FEATURES INCLUDE: • Integrated with Microsoft Office • Business Portal access to remote users • Customer Facing Web Pages customers only see their data • Web Requisitions - Front-end to Purchasing Module • Automates the Procurement Process • Powerful Project Costing • Improved Efficiency • Microsoft Visual Studio Integration • Increased Internal Controls 13
- 14. CLOUD – CLAIMEDKEY 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 14
- 15. 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 15
- 16. 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 16
- 17. KEY DECISION CRITERIA TOCONSIDER 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 17
- 18. INTRODUCTION TO INTACCT •NEWER CLOUD BASED ERP SYSTEM •True Cloud Based •Local Partners •Yearly 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
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- 20. QUESTIONS? 20 Seth Zarny – Partner szarny@raffa.com GlennAnstead – Senior Manager ganstead@raffa.com Buu-Linh Tran – Senior Manager btran@raffa.com Jeremy Taro – Account Executive jtaro@raffa.com