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Best Practices for
Improving your Accounting System
                  Facts You Should Know




                                  Tom Sonde
                         SilverRoad Solutions
Improving your Accounting System
Facts You Should Know



                                        Studies have reported that up
                                        to 90% of organizations are
                                        unhappy with their systems.




                                 Text
                           This is an
                        example text

                                                      Ouganizations reporting
                                                      satisfaction with their system


                                                      Ouganizations reporting
                                                      dissatisfaction with their
                                                      system



Page  2
Improving your Accounting System
Facts You Should Know




• One area that receives inadequate
  attention is the actual
  implementation process
• Many a problem or system
  shortcoming might have been
  avoided if the implementation
  team had addressed the issue
  properly




Page  3
Improving your Accounting System
Facts You Should Know



                        Problems often can be traced back
                         to four key areas:
                          1. How the system was set up
                          2. How well the processes were
                             married to the technology
                          3. The type of training people
                             received
                          4. How well “Best Practices” were
                             applied to the end-to-end
                             processes




Page  4
Improving your Accounting System
Facts You Should Know


Improvements can be accomplished gradually. A team can focus on
one process area at a time, and most successful projects begin by
focusing on processes that provide a quick win.




                               Payroll                    Billing
           General Ledger




                                                                      Consolidations
                              Accounts      Processes    Credit &
                              Payable                   Collections


                               Travel &
                                                          FP & A
                            Entertainment


Page  5
Improving your Accounting System
Facts You Should Know




                                 • The costs to improve an
                                   accounting system and
                                   related processes are
                                   insignificant when compared
                                   to the total cost of the
                 ROI               system
                                 • The Return on Investment is
                                   usually less than one year


           Intangible Benefits


Page  6
Improving your Accounting System
Facts You Should Know




System and related
process changes do
not require an army of
consultants




Page  7
Improving your Accounting System
Facts You Should Know




           Free Whitepapers
            Unlock the Hidden Value in your Accounting System
            Facts You Should Know

            Improving Inefficient Accounting Systems
            A Key to Success

                                    www.silverroad.net/finance




Page  8
Improving your Accounting System
Facts You Should Know




                                     Thank you for
                                     your attention!
                                     Any Questions?

                        Tom Sonde, Principal
                        (973) 722-9304
                        tsonde@silverroad.net
                        SilverRoad.net
Page  9
Tom Sonde Biography

Tom Sonde
Tom is a principal with Silver Road Solutions, a management consulting firm specializing in helping
accounting & finance organizations be more productive. He began performing process improvement work
while at The Dun & Bradstreet Corporation. He subsequently worked at KPMG Consulting and was VP
Global Business Transformation at Misys where he redesigned their global accounting and finance
processes during an SAP implementation.

Tom has extensive experience in designing and implementing process improvement initiatives and has
published several articles on this topic. Including one in the December issue of the Journal of Accountancy.

For additional information lease visit silverroad.net

Tom Sonde, Principal
SilverRoad Solutions
1362 Tamarack Road
Manasquan, NJ 08736

(973) 722-9304
tsonde@silverroad.net
Silverroad.net

 Copyright © 2013 SilverRoad Solutions.
Page  10
About Us
  SilverRoad Solutions is an innovative management consulting firm specializing in,
  Accounting System Optimization, Expense Reduction, Process Improvement and Business
  Process Management services. We assist organizations in successfully implementing
  transformational change.


  To learn more about how we can lower your costs while improving the productivity of your
  organization please contact us at info@silverroad.net or by calling (973) 722-9304.




 Copyright © 2013 SilverRoad Solutions.
Page  11

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Best Practices for Improving an Accounting System SilverRoad Solutions

  • 1. Best Practices for Improving your Accounting System Facts You Should Know Tom Sonde SilverRoad Solutions
  • 2. Improving your Accounting System Facts You Should Know Studies have reported that up to 90% of organizations are unhappy with their systems. Text This is an example text Ouganizations reporting satisfaction with their system Ouganizations reporting dissatisfaction with their system Page  2
  • 3. Improving your Accounting System Facts You Should Know • One area that receives inadequate attention is the actual implementation process • Many a problem or system shortcoming might have been avoided if the implementation team had addressed the issue properly Page  3
  • 4. Improving your Accounting System Facts You Should Know Problems often can be traced back to four key areas: 1. How the system was set up 2. How well the processes were married to the technology 3. The type of training people received 4. How well “Best Practices” were applied to the end-to-end processes Page  4
  • 5. Improving your Accounting System Facts You Should Know Improvements can be accomplished gradually. A team can focus on one process area at a time, and most successful projects begin by focusing on processes that provide a quick win. Payroll Billing General Ledger Consolidations Accounts Processes Credit & Payable Collections Travel & FP & A Entertainment Page  5
  • 6. Improving your Accounting System Facts You Should Know • The costs to improve an accounting system and related processes are insignificant when compared to the total cost of the ROI system • The Return on Investment is usually less than one year Intangible Benefits Page  6
  • 7. Improving your Accounting System Facts You Should Know System and related process changes do not require an army of consultants Page  7
  • 8. Improving your Accounting System Facts You Should Know Free Whitepapers  Unlock the Hidden Value in your Accounting System Facts You Should Know  Improving Inefficient Accounting Systems A Key to Success www.silverroad.net/finance Page  8
  • 9. Improving your Accounting System Facts You Should Know Thank you for your attention! Any Questions? Tom Sonde, Principal (973) 722-9304 tsonde@silverroad.net SilverRoad.net Page  9
  • 10. Tom Sonde Biography Tom Sonde Tom is a principal with Silver Road Solutions, a management consulting firm specializing in helping accounting & finance organizations be more productive. He began performing process improvement work while at The Dun & Bradstreet Corporation. He subsequently worked at KPMG Consulting and was VP Global Business Transformation at Misys where he redesigned their global accounting and finance processes during an SAP implementation. Tom has extensive experience in designing and implementing process improvement initiatives and has published several articles on this topic. Including one in the December issue of the Journal of Accountancy. For additional information lease visit silverroad.net Tom Sonde, Principal SilverRoad Solutions 1362 Tamarack Road Manasquan, NJ 08736 (973) 722-9304 tsonde@silverroad.net Silverroad.net Copyright © 2013 SilverRoad Solutions. Page  10
  • 11. About Us SilverRoad Solutions is an innovative management consulting firm specializing in, Accounting System Optimization, Expense Reduction, Process Improvement and Business Process Management services. We assist organizations in successfully implementing transformational change. To learn more about how we can lower your costs while improving the productivity of your organization please contact us at info@silverroad.net or by calling (973) 722-9304. Copyright © 2013 SilverRoad Solutions. Page  11