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Financial & Accounting Systems Comparison

Seminar Comparison of Leading ERP Products

Seth Zarny - Partner Glenn Anstead– Senior Manager Buu-Linh Tran – Senior Manager

October 29, 2014

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

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DEMONSTRATIONS

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QUESTIONS?

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Seth Zarny – Partner szarny@raffa.com Glenn Anstead – Senior Manager ganstead@raffa.com Buu-Linh Tran – Senior Manager btran@raffa.com Jeremy Taro – Account Executive jtaro@raffa.com