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2015 1029 webinar_meet_the_tech_savvy_cfo
The document discusses the need for chief financial officers to become more tech-savvy in today's digital age. It notes that modernization is required, as organizations are increasingly digital and new metrics, processes, and rules are being created daily. The role of the CFO is changing as tools like spreadsheets, email and on-premise software are being replaced by social media, analytics, cloud-based solutions and accessing new sources of big data. CFOs must learn new metrics for digital and subscription-based business models and reimagine financial processes with digital and big data at the core.
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2015 1029 webinar_meet_the_tech_savvy_cfo
- 1. 1 Preferred Provider Business Solutions Meet theTech-Savvy CFO
- 2. 2 Preferred Provider Business Solutions Topics • Introduction:The tech-savvy CFO • Modernization • Valuation • The digital age • Summary and next steps
- 3. 3 Preferred Provider Business Solutions Are YouReady To Be a Tech-Savvy CFO? CFO
- 4. 4 Preferred Provider Business Solutions Are YouReady To Be a Tech-Savvy CFO? CFO Customers Finance Team Executive Team Board
- 5. 5 Preferred Provider Business Solutions Are YouReady To Be a Tech-Savvy CFO? CFO Customers Finance Team Executive Team Board Technology
- 6. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Tech Savvy CFO Radical Change Is Impacting the Role
- 7. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Today’s Speaker 7
- 8. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Any logos on the following slides are the property of their respective owners. These identifiers are for illustrative purposes only.
- 9. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Key Messages • Finance Must Modernize NOW • All Organizations Going Digital • New Rules/Metrics/Processes Being Created Daily • Virtually All Processes Must Be Re-Imagined • Big Data is the Beginning/Middle of Every Process • Immaturity Everywhere • Major To-Dos
- 10. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited 10 Power of Trinities SOCIAL CLOUDMOBILE • Power of COMBINATIVE technologies • First trinity: Mobile, Cloud, Social • Second trinity: Big Data, Analytics, In-Memory Databases • Third trinity: Video, 4G+, Unlimited/Ubiquitous Broadband Access • Fourth trinity: Instant Context, Machine Learning, Workers That Enable Tech
- 11. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited The Changing CFO Toolsets • Spreadsheets • Email • Intranets • On-Premises ERP/Financial Software • Budget Tools • Data Warehouses • Industrial Age Methods/Metrics • Tool box picture here
- 12. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited The Changing CFO Toolsets • Spreadsheets • Email • Intranets • On-Premises ERP/Financial Software • Budget Tools • Data Warehouses • Industrial Age Methods/Metrics • Tool box picture here • Social Media • Collaboration • Analytics • Big Data • Cloud ERP/Financial Software • Mobile Access • New Metrics for Digital & Subscription Economies
- 13. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Activity • Imagine you now work for a hot new all-digital firm that will out-gun Google soon • What would you measure? • How would you measure it? • How relevant would traditional measures be?
- 14. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Wall Street’s Problem with Modern Companies – Combined assets minus combined debts = $125 billion – Yet, combined market value of shares = $660 billion – Difference of $535 billion attributable to: search algorithms, patents, customer/user info, etc. Source: Wall Street Journal, 10/13/2014 “What is all that data worth?” + + As of 8/6/2015, the combined market capitalization of these firms is approximately $743 billion USD (Source: Yahoo Finance)
- 15. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Why are these questions occurring? Source: Wall Street Journal, June 18, 2015 Source: Chicago Tribune, June 24, 2015
- 16. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Unicorn Valuations Source: http://fortune.com/unicorns/ Why are there 100 companies on this list?
- 17. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Unicorns vs. Prunes Source: INC., July August 2015, pg. 23
- 18. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Valuing a Business • 8-10 years NPV of Income • Asset Valuations • Liquidation Value • Income Capitalization • Income Multiple • Rules Of Thumb Old School
- 19. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Valuing a Business • 8-10 years NPV of Income • Asset Valuations • Liquidation Value • Income Capitalization • Income Multiple • Rules Of Thumb Old School New School • Multiple based on CAGR and CAGR Decline Rate • Billings Growth • Improving Gross Margin/Operating Margin • Others?
- 20. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited GAFAnomics for Google Read this e-book: http://www.slideshare.net/faberNovel/gafanomics Source: FABERNOVEL, GAFAnomics, October 2014
- 21. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Is Everyone Is Going Digital? Sensors Internet of Things 3-D Printing/ Additive Manufacturing (Nest Thermostat) Voice (Dragon, Siri) POS (Consumer Analytics) Commerce (PayPal, Google Wallet) Manufacturers Retailers Services Transportation (Uber, Lyft) Voice (Dragon, Siri) … Real-time Scheduling (Big Weather Data)
- 22. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Is Everyone Is Going Digital? Sensors Internet of Things 3-D Printing/ Additive Manufacturing (Nest Thermostat) Voice (Dragon, Siri) POS (Consumer Analytics) Commerce (PayPal, Google Wallet) Manufacturers Retailers Services Transportation (Uber, Lyft) Voice (Dragon, Siri) … Real-time Scheduling (Big Weather Data)
- 23. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited What CEOs Want/Need
- 24. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited The Workforce is Going Digital
- 25. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Internet of Things
- 26. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Internet of Things “There are expected to be 28 billion connected devices by 2020.” Source: Fast Company, December 2014, pg. 72
- 27. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Internet of Things “There are expected to be 28 billion connected devices by 2020.” Source: Fast Company, December 2014, pg. 72 “By 2020, an estimated 50 billion devices around the globe will be connected to the Internet.” Source: Stratetgy + Business, Winter 2014, pg. 51
- 28. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Internet of Things “There are expected to be 28 billion connected devices by 2020.” Source: Fast Company, December 2014, pg. 72 “By 2020, an estimated 50 billion devices around the globe will be connected to the Internet.” Source: Stratetgy + Business, Winter 2014, pg. 51 • Potential economic impact by 2020: $2- 14 trillion • 1 in 6 firms to have an IoT product • ¾ of firms to use IoT data to improve internal operations and services Source: Stratetgy + Business, Winter 2014, pg. 52
- 29. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Who is using this data?
- 30. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited
- 31. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Case Study: Killer B’s
- 32. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Case Study: Killer B’s Pre-Internet
- 33. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Case Study: Killer B’s Pre-cloudPre-Internet
- 34. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Case Study: Killer B’s Pre-cloudPre-Internet Cloud-Enabled
- 35. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Metrics of the Digital/Subscription Age • Lifetime value of a Customer • Cost of Customer Acquisition • Average Recurring Revenue • Average Cost of Service • Churn Rate • Customer Satisfaction Rate • Or, …….
- 36. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Planning in the Digital Age • Sales/Revenue • Parts/Service Sales • Product Costs • Check review sites to assess future demand • Check social media to see what the product’s reputation is • Use Machine Learning to validate CRM sales forecasts • Access IoT and sensor data to see if MTBF estimates are correct • Check social media to see if new product warranty claims or recall costs are possible
- 37. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Payables in the Digital Age • New Vendor Setup • Detect Potential Fraud • Accept new forms of payment • Let Machine Learning interrogate new invoices, pre- map fields and learn to map 100% of future invoices automatically • Let Machine Learning assess each invoice for potential fraud, score them and route to experts for review • Utilize crypto-currencies • Utilize block chain technology to validate payments • Utilize non-bank technologies (e.g., PayPal)
- 38. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Digital & Big Data in Every Process • Many processes start now with Big Data • Some processes utilize Big Data with Machine Learning to improve productivity, increase accuracy, detect fraud, etc.
- 39. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited 39
- 40. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Old vs. New Source: www.hrmc.com Source: docs.oracle.com
- 41. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Running Time Series over Social Sentiment • Measure brand quality changes over time • Measure rise/fall of competitor brand/quality over time • Measure overall changes in volume of mentions over time
- 42. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited What’s Wrong With Reporting Today • Not relevant to digitizing companies • Still tied to old processes and data sources • Incrementalism not re- invention • Lack of imagination • Shackled by non- existent constraints
- 43. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Old Reporting Environments • Reliable • Familiar • Constant • Historical • Internal-only focus ERP Transaction Data Traditional Reports • Static • Limited • Dated • Rigid • Financially -focused • More Graphical • More Operational Content • Historical Focus • Internal-only focus ERP Transaction Data Traditional Reports • Static • Limited • Dated • Rigid • Financially -focused Simple, but Dated, ERP Reporting More Complex, But Still Dated, ERP Reporting Data Warehouse Executive Dashboards
- 44. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited New Management Focus ERP Transaction Data New, Always Evolving Insights InternalDataExternalData Sensor Data Social Sentiment • Pattern Recognition • Visualization • New Metrics Weather Data IoT BIG DATA
- 45. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited The Widening Gap ERP-only Masters Winners Losers Wasters OpportunityAwareness Data Richness Ignorant Savvy Clueless Cosmopolitan AbundantPoor
- 46. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited The reporting challenge only worsens…. • Every entity has its own systems & reporting tools • Data often limited to internal information • Usual content: historical accounting transactions • Spreadsheet reliance: high • Data often out-of-date • No shared data model – many definitions for same term • Very fragile environment • Stuffing everything into a data warehouse might not help Forecasting Bank Software ERP software ERM Budgeting Software Spreadsheets Hedging Bank SoftwareBank Software Payroll Capital Projects General Ledger Accts Rec Accts Payable Credit & Collections A A A Division XYZ Plant ABC Headquarters
- 47. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited … And It Gets Worse Channel Data Internet of Things’ Data Big Data CRM Sales Pipeline Data Macro Economic Data Third Party Data Bases POS Data From Key Customers Integrated Supplier Data Marketing Automation Pipeline Data E-Commerce Data Social Sentiment Data Internal Collaboration Content/Insights Business Intelligence Tools Corporate Performance Management Tools Planning Tools Reporting Tools Cloud Analytics + Forecasting Bank Software ERP software ERM Budgeting Software Spreadsheets Hedging Bank SoftwareBank Software Payroll Capital Projects General Ledger Accts Rec Accts Payable Credit & Collections A A A
- 48. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited The New Reporting Landscape
- 49. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited The New Reporting Landscape Things to Measure/ Report Internal Functions & Processes Internal Constituents Two-sided Processes New Constituents New Asset Types Intangibles
- 50. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited The New Reporting Landscape Old, Traditional, Transactional, Internal New, Imaginative, Varied, ExternalData Sources Things to Measure/ Report Internal Functions & Processes Internal Constituents Two-sided Processes New Constituents New Asset Types Intangibles
- 51. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited The New Reporting Landscape Old, Traditional, Transactional, Internal New, Imaginative, Varied, ExternalData Sources Things to Measure/ Report Internal Functions & Processes Internal Constituents Two-sided Processes New Constituents New Asset Types Intangibles • Financial Statements • Budgets • Payroll • Compliance • Regulatory • Cost Accounting • Managerial Accounting
- 52. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited The New Reporting Landscape Old, Traditional, Transactional, Internal New, Imaginative, Varied, ExternalData Sources Things to Measure/ Report Internal Functions & Processes Internal Constituents Two-sided Processes New Constituents New Asset Types Intangibles • Financial Statements • Budgets • Payroll • Compliance • Regulatory • Cost Accounting • Managerial Accounting • Identifying Best Interviewers • Supplier Performance
- 53. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited The New Reporting Landscape Old, Traditional, Transactional, Internal New, Imaginative, Varied, ExternalData Sources Things to Measure/ Report Internal Functions & Processes Internal Constituents Two-sided Processes New Constituents New Asset Types Intangibles • Financial Statements • Budgets • Payroll • Compliance • Regulatory • Cost Accounting • Managerial Accounting • Identifying Best Interviewers • Supplier Performance • Predicting Job Candidate Future Performance • Raw Candidate Sourcing • Cash Management
- 54. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited The New Reporting Landscape Old, Traditional, Transactional, Internal New, Imaginative, Varied, ExternalData Sources Things to Measure/ Report Internal Functions & Processes Internal Constituents Two-sided Processes New Constituents New Asset Types Intangibles • Financial Statements • Budgets • Payroll • Compliance • Regulatory • Cost Accounting • Managerial Accounting • Identifying Best Interviewers • Supplier Performance • Predicting Job Candidate Future Performance • Raw Candidate Sourcing • Cash Management • Customer Value Optimization • Economic Assessment • Optimal Prospect Targeting
- 55. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Where to get the data will no longer be the issue…
- 56. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Where to get the data will no longer be the issue… … the issue will be which data source to use (and for how long).
- 57. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Source: http://www.bain.com/publications/articles/big_data_the_organizational_challenge.aspx
- 58. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited THE NECESSARY MODERNIZATION What Finance and Accounting must do….
- 59. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Modernization Steps • People – New Skills in Statistics, Social Sciences, IT, security, data acquisition, privacy, triangulation, etc. • Technology – Hadoop, in-memory databases – Sentiment analysis – Modern accounting solutions – New reporting tools • Processes – Processes designed • From the outside in • To utilize big data • With rapid change in mind • Reports – New kinds of forecasting/planning bases
- 60. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Let’s Paraphrase Samuel L. Jackson “What’s in your financial systems?” Source:https://www.youtube.com/user/CapitalOne
- 61. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited The New Reporting Environment General Ledger Subsidiary Ledgers Subsidiary Ledgers Subsidiary Ledgers Management Reports ERP Software Operations Software Accounting Software Custom Software Single, Integrated Reporting Suite Channel Data Internet of Things Data Big Data CRM Sales Pipeline Data Macro Economic Data Third Party Data Bases Point of Sale Data Supplier Data Marketing Automation E-Commerce Data Social Sentiment Collaboration Insights - One source for data - Visualization - Incorporates transaction and big data - Hugely scalable Operational Insights Analytic Insights Regulatory & Financial Reports
- 62. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited 62 Three Trajectories exist for modern businesses … MaintainingFailing Prospering • Adhering to old business models, processes, etc. no matter what • Not monitoring change • Refusing to change • Fail to implement change • Culture rewards maintaining the status quo • Adopts a fast follower approach to innovation • Focus on copying the lead of others rather than develop innovation capabilities internally • Misses the first mover advantage but is able to maintain market share • Culture emphasizes speed • Can both innovate and exploit innovation • Takes first mover advantage • Adept at altering business models, processes, etc. • Continuously monitors change • Culture emphasizes speed, risk-taking and getting it right the first time
- 63. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited 63 Three Trajectories exist for modern businesses … MaintainingFailing Prospering • Adhering to old business models, processes, etc. no matter what • Not monitoring change • Refusing to change • Fail to implement change • Culture rewards maintaining the status quo • Adopts a fast follower approach to innovation • Focus on copying the lead of others rather than develop innovation capabilities internally • Misses the first mover advantage but is able to maintain market share • Culture emphasizes speed • Can both innovate and exploit innovation • Takes first mover advantage • Adept at altering business models, processes, etc. • Continuously monitors change • Culture emphasizes speed, risk-taking and getting it right the first time Only the most dynamic enterprises will prosper
- 64. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Value of Modern Information “Corporate holdings of data and other “intangible assets,” such as patents, trademarks and copyrights, could be worth more than $8 trillion, according to Leonard Nakamura, an economist at the Federal Reserve Bank of Philadelphia. That’s roughly equivalent to the gross domestic product of Germany, France and Italy combined.” Source: Wall Street Journal, 10/13/2014 “What is all that data worth?”
- 65. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited Past Unicorn Valuations Source: http://techcrunch.com/2013/11/02/welcome-to-the-unicorn-club/
- 66. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited How Marketo Sees Things Source:“TheDefinitiveGuidetoLeadGeneration”,Marketo
- 67. Copyright 2015– TechVentive,Inc. - All Rights Reserved Unauthorized Reproduction, Transmission or Storage Expressly Prohibited What you must count has changed You may need a new Financial Management Language Role of Big Data in Valuation, Planning…. Modernization is now a requirement Every process is changing Growing gap between the tech-savvy and tech-laggards 67 Key Discussion Points
- 68. 68 Preferred Provider Business Solutions Interested inLearning More? • Try Intacct with a free 30-day trial http://www.intacct.com/trial • Attend an upcoming webinar http://www.intacct.com/webinars • Follow us on Twitter @intacct_corp • Connect with us on Facebook http://www.facebook.com/Intacct • Contact us directly info@intacct.com | 877-437-7765
- 69. 69 Preferred Provider Business Solutions info@intacct.com |www.intacct.com | 877-437-7765 Thank you!
- 70. 70 Preferred Provider Business Solutions Key Terms •nonprofit accounting software • cloud erp • finance software • cloud erp software • cloud financial software • saas accounting software • erp accounting • financial software • cloud erp solutions • online accounting • cloud financials • cloud erp systems • saas metrics • cloud-based erp solutions • simply accounting • saas financial software • asc 606 • online erp software • best financial software • best-in-class erp • online finance software • erp accounting software • business financial software • subscription billing • ifrs 15 software • erp software • financial management software • cloud accounting software