2013-09-24 accounting systems comparison
TRANSCRIPT
Thrive. Grow. Achieve.
Financial & Accounting Systems Comparison
Seminar Comparison of Leading ERP Products
Seth Zarny - Partner Victoria Fairhead – Senior Manager Buu-Linh Tran – Senior Manager
September 24, 2013
WHAT’S ON TAP
• INTRODUCTION & AGENDA
• HOW TO SELECT ACCOUNTING SOFTWARE
• EFFECTIVE ACCOUNTING SYSTEM IMPLEMENTATIONS
• REVIEW OF TOP ACCOUNTING PRODUCTS
• DEMONSTRATIONS
• DYNAMICS GP
• DYNAMICS SL
• INTACCT
• Q&A
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DO YOU NEED THE NEW SOFTWARE?
HINT – SOMETIMES YOU NEED TO CHANGE YOUR SOFTWARE!
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SEMINAR AGENDA
• DECIDE WHEN TO REPLACE YOUR FINANCIAL SYSTEM
• REVIEW PROCESS FOR SELECTING APPROPRIATE SOFTWARE
• PROVIDE OVERVIEW OF LEADING FINANCIAL PACKAGES
• PRESENT DEMO OF 3 LEADING PRODUCTS • Microsoft Dynamics GP • Microsoft Dynamics SL • Intacct
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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
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ACCOUNTING SYSTEM LIFE CYCLE (CONT)
• 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
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STEPS FOR EVALUATING & SELECTING
• DECISION MAKING TEAM
• BUDGET
• TIME SCHEDULE
• CURRENT SYSTEM PROBLEMS • Requirements
• SOFTWARE
• PARTNER TRUST
• IT STAFF INVOLVEMENT
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STEPS FOR EVALUATING & SELECTING (CONT)
• 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 • Accounting Library Used Here
• PRODUCT FEATURES
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STEPS FOR EVALUATING & SELECTING (CONT)
• ANALYZE REQUIREMENTS AGAINST FEATURES
• IDENTIFY APPROPRIATE RESELLERS
• PRODUCT DEMONSTRATIONS
• PROPOSAL REVIEW
• REFERENCES
• DECISION
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SUMMARY OF DYNAMICS GP 2013
• POWERFUL, POPULAR FINANCIAL SYSTEM THAT TARGETS HORIZONTAL & VERTICAL MARKETS – SMS&P
• STRONG USER PRODUCTIVITY FEATURES
• FLEXIBLE REPORTING & INQUIRY
• INDUSTRY LEADER
• INTEGRATION WITH EXTERNAL SYSTEMS
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SUMMARY OF DYNAMICS GP 2013 (CONT)
• KEY FEATURES INCLUDE: • Personalized Role Pages
• Integrated with Microsoft Office
• Web Solution
• Business Intelligence – Analysis Cubes
• Business Portal – Team Collaboration
• Improved Efficiency
• Microsoft Visual Studio Integration
• Increased Internal Controls
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SUMMARY OF DYNAMICS SL 2011
• POWERFUL, POPULAR FINANCIAL SYSTEM THAT TARGETS HORIZONTAL & VERTICAL MARKETS – SMS&P
• 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 ACCOUNTING – GOVT CONTRACTING, GRANTS, PROGRAMS
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SUMMARY OF DYNAMICS SL 2011 (CONT.)
• KEY FEATURES INCLUDE: • Integrated with Microsoft Office • Business Portal access to remote users • Customer Facing Web Pages customers
only see their data • Web Requisitions - Front-end to Purchasing
Module • Automates the Procurement Process • Powerful Project Costing • Improved Efficiency • Microsoft Visual Studio Integration • Increased Internal Controls
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CLOUD – CLAIMED 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
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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
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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
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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
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INTRODUCTION TO INTACCT
• NEWER CLOUD BASED ERP SYSTEM •True Cloud Based •Local Partners •Yearly 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
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DEMONSTRATIONS
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QUESTIONS?
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Seth Zarny – Partner [email protected] Glenn Anstead – Senior Manager [email protected] Buu-Linh Tran – Senior Manager [email protected] Jeremy Taro – Account Executive [email protected]