2015-12-10 Accounting Systems Comparison Seminar
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This seminar will provide a review of the leading mid-market accounting software in one power packed session (Microsoft Dynamics GP, Microsoft Dynamics SL and Intacct). If you need to be updated on the industry leading accounting system solutions than this seminar is ideal for you.
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2015-12-10 Accounting Systems Comparison Seminar
- 1. Thrive. Grow. Achieve. Accounting Systems Comparison Seminar Seth Zarny, Partner Glenn Anstead, Senior Manager Buu-Linh Tran, Manager December 10, 2015
- 2. WHAT’S ON TAP • INTRODUCTION & AGENDA • HOW TO SELECT ACCOUNTING SOFTWARE • EFFECTIVE ACCOUNTING SYSTEM IMPLEMENTATIONS • REVIEW OF TOP ACCOUNTING PRODUCTS • DEMONSTRATIONS • Intacct • Dynamics SL • Dynamics GP • Q&A 2
- 3. DO YOU NEED THE NEW SOFTWARE? HINT – SOMETIMES YOU NEED TO CHANGE YOUR SOFTWARE! 3
- 4. SEMINAR AGENDA • WHEN TO REPLACE YOUR FINANCIAL SYSTEM • REVIEW PROCESS FOR SELECTING APPROPRIATE SOFTWARE • OVERVIEW OF LEADING FINANCIAL PACKAGES • PRESENTATION OF 3 LEADING PRODUCTS • Intacct • Microsoft Dynamics SL • Microsoft Dynamics GP 4
- 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. ACCOUNTING SYSTEM LIFE CYCLE • 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 • 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 • PRODUCT FEATURES 8
- 9. STEPS FOR EVALUATING & SELECTING • ANALYZE REQUIREMENTS AGAINST FEATURES • IDENTIFY APPROPRIATE RESELLERS • PRODUCT DEMONSTRATIONS • PROPOSAL REVIEW • REFERENCES • DECISION 9
- 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. CLOUD – 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. 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. 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. SUMMARY OF DYNAMICS GP 2015 • POWERFUL, POPULAR FINANCIAL SYSTEM THAT TARGETS HORIZONTAL & VERTICAL MARKETS – SMS&P • WEB BASED • STRONG USER PRODUCTIVITY FEATURES • FLEXIBLE REPORTING & INQUIRY • INDUSTRY LEADER • INTEGRATION WITH EXTERNAL SYSTEMS 14
- 15. SUMMARY OF DYNAMICS GP 2015 • KEY FEATURES INCLUDE • Personalized Role Pages • Integrated with Microsoft Office • Web Solution • Business Intelligence – Analysis Cubes • Business Portal – Team Collaboration • Business Process Automation – Improved work flows • Increased Internal Controls 15
- 16. SUMMARY OF DYNAMICS SL 2015 • POWERFUL, POPULAR FINANCIAL SYSTEM THAT TARGETS HORIZONTAL & VERTICAL MARKETS – SMB • 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 • WEB BASED FUNCTIONALITY 16
- 17. SUMMARY OF DYNAMICS SL 2015 • 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 • Increased Internal Controls 17
- 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
- 20. QUESTIONS? 20 Seth Zarny, Partner szarny@raffa.com Buu-Linh Tran, Manager btran@raffa.com Glenn Anstead, Senior Manager ganstead@raffa.com Jeremy Taro – Account Executive jtaro@raffa.com