2016 02-25 how to simplify finance, grants & financial reporting with intacct
TRANSCRIPT
HOW TO SIMPLIFY FINANCE, GRANTS, &
FINANCIAL REPORTING WITH INTACCT
Helping Great Organizations Thrive www.raffa.com P: 202.822.5000 F: 202.822.0669
FEBRUARY 25, 2016
Page 1
WHAT’S ON TAP
INTRODUCTION & AGENDA ON-PREMISE VS. HOSTING VS. SAAS
What is the cloud? Key advantages and attributes of the cloud
On-Premise advantages
Mixed cloud with traditional ERP & accounting systems
Key evaluation criteria to consider INTRODUCTION TO INTACCT
Dimensions & Flexibility
Powerful financial reporting & dashboards
Multi-entity, Multi-company, Multi-currency
Business Process Automation (GL, AP, AR, T&E, Billing, etc.)
World class data center operations DEMONSTRATION OF INTACCT
Functionality
Flexibility
Visibility QUESTIONS & ANSWERS
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MUTUAL INTRODUCTIONS
WHO’S IN THE ROOM? Your name and organization
Size of organization
Current accounting system
Challenges & concerns with current system(s)
What would your ideal accounting system look like
RAFFA
Seth Zarny – Partner
Buu-Linh Tran – Manager
Jeremy Taro – Account Executive
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DO YOU NEED THE NEW SOFTWARE?
Hint – Sometimes You Need to Change Your Software!
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LARGEST ACCOUNTINGS SYSTEMS PROVIDER
• We support hundreds of Nonprofit and Professional Services organizations
• 200+ nonprofit specialists on staff at all levels • Support over 200 Financial System Clients • Certified System Consultants, Certified Project Management
Professionals, Business Process Consultants
30 YEARS SERVING DC, MD & VA 17 PARTNERS, INCLUDING 10 WOMEN PARTNERS WOMEN-OWNED FIRM MULTI-CULTURAL WITH DIVERSITY AT ALL LEVELS BDO ALLIANCE USA INDEPENDENT MEMBER
RAFFA OVERVIEW
Raffa is nationally recognized with access to all the resources of the largest international firms. Our mission is to advance the nonprofit sector and be a catalyst for positive, systemic change.
WIDE RANGE OF SERVICES
• Technology Solutions • ERP & Accounting Systems • Software Development • Managed IT Services
• Audit and Tax • Managed Accounting • HR Consulting • Business Advisory • Forensics and Litigation Support • Employee Benefit Plans • Search and Transition Services
NATIONALLY RECOGNIZED:
• Top 100 Largest Accounting Firms • Top 100 ERP VAR (Bob Scott & Accounting Today) • Top 100 and Fastest Growing Value Added Reseller
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WHAT IS THE CLOUD?
National Institute of Standards and Technology (NIST) Cloud computing - model for convenient, on-demand network access to shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services). Rapidly provisioned and released with minimal management effort.
Cloud computing provides computation, software, data access, and storage services – does not require end-user knowledge of physical location and configuration of the system that delivers services.
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CLOUD: KEY ATTRIBUTES
AGILITY: IMPROVED RE-PROVISIONING
COST: MEASURABLE RETURN ON INVESTMENT, COSTS DISTRIBUTED OVER MANY USERS
DEVICE & LOCATION INDEPENDENCE: ALL HTML5 SUPPORTED DEVICES CAN CONNECT
MULTI-TENANCY: KEY ISSUE FOR ERP
RELIABILITY: MULTIPLE REDUNDANT FAILOVER SITES & SYSTEM SECURITY
SECURITY: PROVIDERS DEVOTE MORE RESOURCES
MAINTENANCE: UPGRADES INSTALLED CENTRALLY DOWNTIME ELIMINATED
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ON-PREMISE: KEY ATTRIBUTES
CONTROL – YOU MAINTAIN CONTROL IN YOUR ENVIRONMENT
INTEGRATION WITH ORGANIZATION APPLICATIONS
CUSTOMIZATIONS: UNDER YOUR CONTROL
SECURITY: PLUSES & MINUSES
ACCESS: REMOTE ACCESS & CONTROLLED USERS
LOCAL DATA: DATA IS ACCESSIBLE
KNOWN COSTS: TRADITIONAL COSTS (HARDWARE & SOFTWARE)
MATURE SOFTWARE 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 EVALUATION CRITERIA
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
BEST IN CLASS FINANCIAL MANAGEMENT SYSTEM • True Software-As-A-Service (SAAS) • Local Partners • Annual Subscription Costs • Preferred provider of the AICPA
STRONG FINANCIAL & ACCOUNTING FUNCTIONALITY • Outgrowing QuickBooks • Interested in Cloud Financials • Nonprofit Focus • Project Oriented Firms & Professional Services Firms • Business Process Automation
• JE, AP, AR, Purchasing, Grants, Bank Rec • Time & Expense • Billing & Revenue Recognition
VERY SATISFIED CLIENT BASE (OVER 10,500 CLIENTS)
WORLD-CLASS DATA CENTER OPERATIONS • 99.992% availability for 2014 • Industry leading SLA’s • SSAE 16 Audited & PCI DSS Compliant • Successful DCAA Audits
• Multi-Company • Multi-Entity • Multi-Currency • Consolidated Financials • Real Time Financial Visibility
• Prebuilt Financial Reports • Dashboards
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SUPERIOR RETURN ON INVESTMENT (ROI)
Subscription-based pricing model - Pay only for what you need
“We know we need to earn your business every year”
Higher ROI and faster payback • Save time with automated and
streamlined processes
• Higher employee productivity
• Real time visibility
• Anytime, anywhere access
• No IT infrastructure and on-going operational costs
• No additional upgrades costs
• Continuous product innovation
• Industrial-grade infrastructure with guaranteed service levels and operational excellence
• Subscription fee • Training • Configuration
On-Demand
• Ongoing IT workload • Fixes, Patches • Maintenance & upgrades:
• Hardware • Network
• Downtime • Performance tuning • Rewrite customizations • Rewrite integrations • Upgrade dependent applications • Disaster recovery
On-Premises
• Security • Database
Ongoing Cost Comparison
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INTACCT PARTNER ECOSYSTEM
120+ partners 75% of customers integrate with 2+ partners
Integration & Web Services Flexible Reporting Unlimited Dimensions Workflow Automation Intuitive & Easy to Use Large Ecosystem of 3rd Party Software Partners
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SAMPLE INTACCT CLIENTS
95% Customer Satisfaction
FOUNDATION
Real Value
10,500+ Growth Companies
Growing with Intacct
Page 14
INTACCT DIMENSIONS
DIMENSIONS
Customer
Vendor
Employee
Entity Department Project
Class
Item
Who?
Where?
What?
Collect key data for analysis
Page 15
INTACCT SOLUTION PRESENTATION
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QUESTIONS & ANSWERS
Seth Zarny – Partner [email protected] 301.279.6500 Buu-Linh Tran – Senior Manager [email protected] 301.279.6511 Jeremy Taro – Account Executive [email protected] 301.279.6504
Helping Great Organizations Thrive