2015-02-24 mid market accounting systems comparison seminar
TRANSCRIPT
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Thrive. Grow. Achieve.
Financial & Accounting Systems Comparison
Seminar Comparison of Leading ERP Products
Glenn Anstead– Senior Manager Buu-Linh Tran – Senior Manager Jeremy Taro – Account Executive
February 24, 2015
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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
• WHEN TO REPLACE YOUR FINANCIAL SYSTEM
• REVIEW PROCESS FOR SELECTING APPROPRIATE SOFTWARE
• OVERVIEW OF LEADING FINANCIAL PACKAGES
• PRESENTATION 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
• 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
• 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
• 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 2015
• 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 2015
• 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 2015
• 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 2015
• 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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Glenn Anstead – Senior Manager [email protected] Buu-Linh Tran – Senior Manager [email protected] Jeremy Taro – Account Executive [email protected]