Thrive. Grow. Achieve.

Financial & Accounting Systems Comparison Seminar

Comparison of Leading ERP Products

Seth Zarny - PartnerGlenn Anstead– Senior ManagerBuu-Linh Tran – Senior Manager

March 12, 2014

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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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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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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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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 MGMT & ACCOUNTING – GOVT CONTRACTING, GRANTS, PROGRAMS

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SUMMARY OF DYNAMICS SL 2011 (CONT.)

• 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

• Microsoft Visual Studio Integration

• Increased Internal Controls

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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

• Multi-Company

• Multi-Currency

• Multi-Organizational Rollup

• Cost Effective

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DEMONSTRATIONS

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QUESTIONS?

Seth Zarny – Partnerszarny@raffa.com

Glenn Anstead – Senior Managerganstead@raffa.com

Buu-Linh Tran – Senior Managerbtran@raffa.com

Jeremy Taro – Account Executivejtaro@raffa.com