Come join the Raffa Technology team as they provide a review of the leading mid-market accounting software and update you on the latest technology enhancements and trends. They will walk you through best practices for evaluating accounting software while providing you with an overview of three leading solutions (Intacct, Microsoft Dynamics SL and Microsoft Dynamics GP).
Integration and Automation in Practice: CI/CD in Mule Integration and Automat...
2016-05-24 Accounting Systems Comparison Seminar
1. Thrive. Grow. Achieve.
Accounting Systems
Comparison
Seminar
Seth Zarny, Partner
Glenn Anstead, Senior Manager
Buu-Linh Tran, Manager
Jeremy Taro, Account Executive
May 24, 2016
2. WHAT’S ON TAP
• INTRODUCTION & AGENDA
• WHAT TO CONSIDER WHEN SELECTING ACCOUNTING
SOFTWARE
• EFFECTIVE ACCOUNTING SYSTEM IMPLEMENTATIONS
• REVIEW OF TOP ACCOUNTING SOFTWARE
• SOFTWARE DEMONSTRATIONS
• Intacct
• Dynamics SL
• Dynamics GP
• Q&A
2
3. RAFFA OVERVIEW
3
LARGE ACCOUNTING, CONSULTING &
TECHNOLOGY CONSULTING FIRM
• Serve hundreds of clients in DC/MD/VA
• 250+ specialists on staff at all levels
• Support over 230 Financial System Clients
• Certified System Consultants, Certified Project
Management Professionals, Business Process Consultants
32 YEARS SERVING THE NON PROFIT COMMUNITY
17 PARTNERS, INCLUDING 11 WOMEN PARTNERS
WOMEN-OWNED FIRM
MULTI-CULTURAL WITH DIVERSITY AT ALL LEVELS
PRIMEGLOBAL ALLIANCE MEMBER
Raffa is nationally recognized with access to all the resources of
the largest international firms. We contribute to our clients’
abilities to achieve their missions and deliver promises to the
world.
4. RAFFA OVERVIEW
4
WIDE RANGE OF SERVICES
• Technology Solutions
• ERP & Accounting Systems
• Software Development
• Managed IT Services
• Audit and Tax
• Managed Accounting
• HR Consulting
• Business Advisory
• Forensics and Litigation Support
• Employee Benefit Plans
• Search and Transition Services
NATIONALLY RECOGNIZED
• Top 100 Largest Accounting Firms
• Top 100 ERP VAR (Bob Scott & Accounting Today)
• Top 100 and Fastest Growing Value Added Reseller
Our mission is to be a catalyst for positive
systemic change in our community.
5. DO YOU NEED THE NEW SOFTWARE?
HINT – SOMETIMES YOU NEED TO CHANGE YOUR SOFTWARE!
5
6. 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
6
7. 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
7
8. STEPS FOR EVALUATING & SELECTING
• DECISION MAKING TEAM
• BUDGET
• TIME SCHEDULE
• SOLVING CURRENT SYSTEM PROBLEMS &
IDENTIFYING KEY REQUIREMENTS
• SOFTWARE EVALUATIONS
• PARTNER TRUST
• IT STAFF INVOLVEMENT
8
9. 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
9
10. STEPS FOR EVALUATING & SELECTING
• ANALYZE REQUIREMENTS AGAINST FEATURES
• IDENTIFY APPROPRIATE RESELLERS
• PRODUCT DEMONSTRATIONS
• PROPOSAL REVIEW
• REFERENCES
• DECISION
10
11. 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
11
13. ON PREMISE – KEY 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
13
14. MIXED CLOUD & ON-PREMISE SOLUTIONS
• EXISTING SOFTWARE – HOSTED IN THE CLOUD
• MATURE PRODUCTS – FUNCTIONALITY
• MONTHLY FEES, ANNUAL FEES, MAINTENANCE FEES
• SINGLE TENANCY – UPGRADES, BACKUPS,
CUSTOMIZED ATTENTION
• INTEGRATIONS – TRADITIONAL
• REMOTE ACCESS - CITRIX, REMOTE DESKTOP
• KNOWN COSTS – TRADITIONAL COSTS
• REPUTABLE MATURE VENDORS
14
15. SUMMARY OF DYNAMICS GP 2015
• POWERFUL, POPULAR FINANCIAL SYSTEM THAT
TARGETS HORIZONTAL & VERTICAL MARKETS – SMB
• WEB BASED FEATURES
• STRONG USER PRODUCTIVITY FEATURES
• FLEXIBLE REPORTING & INQUIRY
• INDUSTRY LEADER
• MATURITY (GREAT PLAINS HIT MARKET IN THE 80’S)
• INTEGRATION WITH EXTERNAL SYSTEMS
15
16. 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 – Enhanced Workflow
• Increased Internal Controls
16
17. 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 & PROJECT
ACCOUNTING
• PROFESSIONAL SERVICES ORGANIZATIONS, GOVT
CONTRACTING, GRANTS & PROGRAM MANAGEMENT
• WEB BASED CAPABILITIES
17
18. 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
18
19. INTRODUCTION TO INTACCT
• CLOUD BASED ERP SYSTEM
• True SAAS Cloud Solution
• Annual Subscription Costs
• Flexible Reporting, Dashboards & KPI’s
• 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
• Easy to use
• Intuitive Reporting, Dashboards and KPI’s
19