This webinar will be presented by Greg Lowe (COO/Partner) of McKonly & Asbury and Mike Yeager (President) of Cargas Systems. The webinar will provide an overview of cloud accounting applications as well as a discussion on how a cloud accounting system can lower your total cost of ownership of accounting software. During the webinar, Greg and Mike will also talk about why fast growing companies are adopting cloud accounting and how it is benefiting their organization. In addition, they will provide a brief overview demonstration of Intacct, a best in class accounting application.

2. CLOUD ACCOUNTING
Presented by:
Greg Lowe, McKonly & Asbury
Mike Yeager, Cargas Systems

3. AGENDA
• Introductions
• Cargas Systems Overview
• Defining the Cloud
• Cloud vs. On-Premise
• Cloud Advantages
• Introduction of Intacct Cloud Financial Application
• Questions & Answers

4. CARGAS SYSTEMS
History
• Founded in 1988
• Business Software and Consulting
• Software Developer and Reseller
Purpose – Shared Success
• Employees, Customers, Owners, Partners & Community
Employee Ownership
• 55 Employees, 2 Locations
• Over 70% of Employees are Owners

5. CARGAS AND INTACCT
• Intacct is a best in class cloud financial application
• We have been recognized as an Intacct Premier partner - one of 12
• Winner of the following Intacct Awards
‒Intacct President’s Club 2015
‒Intacct partner of the month 3 times

6. “We always overestimate the change that will
occur in the next two years and underestimate
the change that will occur in the next ten.
Don't let yourself be lulled into inaction.”
- Bill Gates

7. WHAT IS CLOUD COMPUTING?
“Essentially, marketing people can call anything
“the Cloud” and get attention. Since the definition
of the Cloud is fuzzy, and most consumers still think
that anything delivered over the Internet is
Cloud Computing, it’s easy to pull this one off.”

8. DEFINITION OF CLOUD COMPUTING
From The National Institute of Standards and technology (NIST)
www.nist.gov
“Cloud Computing is a model for enabling convenient, on-demand
network access to a shared pool of configurable computing resources
(e.g., networks, servers, storage,applications, and services) that can
be rapidly provisioned and released with minimal management effort
or service provider interaction.”

9. DEFINITION OF CLOUD COMPUTING
From Dave Nielsen – Co-Founder of Cloudcamp www.cloudcamp.org
• On-demand: the infrastructure or hardware is already setup and ready to
deployed
• Self-service: the customer chooses what they want, when they want it
• Scalable: customers can choose how much they want and ramp up if
necessary
• Measurable: there’s metering/reporting so you know you are getting what
you pay for

10. WHAT MAKES THE CLOUD DIFFERENT?
• A different way to develop software
• A different way to deliver software
• A different way to price software
‒Software as a service (SaaS)

11. CLOUD PRODUCT DEVELOPMENT
All customers reside in a single database
• This is called “multi-tenant”
All customers are on the same version
Software improvements are delivered frequently
• Typically quarterly; sometimes even more often
Software developers are informed real time by actual knowledge
of how customers are using the software

12. MULTI-TENANCY
Multi-tenancy is an architecture in which a single instance
of a software application serves multiple customers. Each
customer is called a tenant.

13. CLOUD SOFTWARE DELIVERY
• Available anywhere on any device through an internet browser
• No software installation
• No hardware costs
• No extra cost to maintain or upgrade software
• Limited IT expertise required to maintain

14. CLOUD SERVICE MODELS
SAAS – Software as a Service
• Applications that are developed for specific needs
• No client installation
‒ Access with a web browser
• Subscription Pricing (Pricing Model)
• Multi-Tenant
• Examples
‒ Intacct, Netsuite, Salesforce.com, Zendesk, Office 365, Google Apps

15. CLOUD SERVICE MODELS
PAAS – Platform as a Service
• Cloud Providers provide a platform for deploying and developing
solutions
• Usually scales as needed based on users
• Examples
‒ Microsoft Azure, Force.com

16. CLOUD SERVICE MODELS
IAAS – Infrastructure as a Service
• Servers and infrastructure provided for a monthly fee
• Large pools of virtual servers in data centers
• “Hosted” applications
• Applications are not multi-tenant
• Examples
‒ Rackspace, Amazon, Microsoft Azure, HP Cloud, Navisite

17. CLOUD VS. ON-PREMISE
Cloud
Limited IT Resources required
Accessed via internet or mobile device
Software is not owned but paid for
through subscription
Updates occur often as much as 4-8
times a year
Traditional On-Premise
On-site IT resources including backups
Accessed via client server for local users
and Citrix or terminal server for remote
Software is owned and a annual
maintenance is paid
Updates are every 12 – 24 months

18. ADVANTAGES OF CLOUD COMPUTING
Affordability
• No large upfront investment
• Try before you buy
• Pay as you go and grow
Continuous Innovation
• Modern user interface
• Updates are continuous
IT infrastructure
• Allows you to focus on your core competencies
• Less total cost of ownership
• Security/Redundancy and Disaster Recovery built in that most companies cannot afford on-premise

19. ADVANTAGES OF CLOUD COMPUTING
Collaboration
• Many Cloud applications facilitate collaboration
Positioned for growth
• Allows employees to work anywhere easily
• Costs rise as you grow, no need to build infrastructure for planned growth
Best of Breed approach to systems
• Allows you to leverage the best application for each of your unique business processes
Integration
• Integrations are pre-built for leading cloud applications using Web services

20. ADVANTAGES OF CLOUD ACCOUNTING
• Key data can be accessed anytime with any device on any platform
• Changes in accounting procedures or requirements can be
updated instantly
• Information is always available
• “What if” analysis is easier
• Focus on what you do well, not IT infrastructure

21. CLOUD ACCOUNTING
DEMONSTRATION

22. INTACCT
• Best in class Financials
• Preferred Provider of Financial Solutions by AICPA
• Recommended by Intuit as preferred Quickbooks replacement
solution
• True “Cloud” solution
-Multi-Tenant

23. INTACCT FEATURES

24. QUESTIONS & ANSWERS
Greg Lowe, Partner/COO
McKonly & Asbury
glowe@macpas.com
Mike Yeager, President
Cargas Systems
myeager@cargas.com