are you prepared for the cloud - dennis howlett
DESCRIPTION
Cloud Accounting for the 21st Century, 22nd September 2011 at Mimecast, organized by CloudAdvocates.com. The seminar was intended to cut through the jargon to dispel and debunk some of the myths that distort decisions on the benefits of the Cloud. It coveedr advantages, perceived disadvantages, benefits, practicalities and last but in no way least, costs and commitments. Speakers included well known blogger/analysts Dennis Howlett and Phil Wainewright, tax specialist Mark Lee, cloud specialist David Terrar and blogging accountants Richard Messik and Philip Woodgate. Here are the various presentations.TRANSCRIPT
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Are You Prepared for the Cloud?
‣ 16th September, 2011
Dennis Howlett
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yesterday...
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today...
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My mission...today
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Your mission
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...which means...
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Sceptics say....
Finance - boo !!
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Hit ‘em with this
Finance - yay !!
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Why go to the cloud for accounting?‣ Improve the billing process - 50%
‣ Fast track implementation for new venture - 20%
‣ Requirement to reduce IT investments (capex) - 18%
‣ Required systems refresh with limited IT resource - 18%
do more with less and do it better (business people)
results from survey data among those who have invested
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Is that it?
do something you can’t do today
“The company is quite literally a business that would not be possible on its current scale without the cloud. This is what business transformation is really about — not incremental improvements in performance, but being able to do things that simply were not possible before the cloud existed.”Phil Wainewright talking about m62 visualcommunications
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The practitioner’s perspective
92% said that they felt SaaS solutions were very secure
AccMan survey, 8th June 2011
If it’s good enough for them why not us?
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And point out the stupidity of the argument
Ranked no.1 in category for most admired companies - Forbes 2011
Online filing is now mandatory (jokes aside about effectiveness)
If it’s good enough for them why not us?
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Why the cloud makes a difference
‣ Forces agility
‣ Dissolves time, space and geography
‣ Provides opportunities to re-invent without disruption
‣ Makes competitive comparison easier
‣ Offers the potential for work to become fun - seriously
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On-prem v cloud differences
a different way of thinking
On-prem Cloud
Avoid change Embrace change
Lagging innovation Leading innovation
IT project Functional review only
Long upgrade cycle Short/no upgrade cycle
Lack of commonality Lots of commonality
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Organisational benefits
“apps not only share the same language but can share the same culture”
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What about the social aspect?
Updating a project total
Creating an opportunity
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Large deals notification
Dashboard data
What about the social aspect?
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Even SAP is doing it !
Social data
CRM/financial data
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Practitioner challenges
‣ Entitlement economy
‣ It isn’t Sage
‣ Fear of change
‣ Need for stability
‣ Failure to invest
‣ Lack of integrated tools
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My response
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Dennis Howlett
Thank You !!
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Dennis Howlett
Contact
‣ email: [email protected]
‣ Twitter: http://twitter.com/dahowlett
‣ Skype/Facebook/LinkedIn: dahowlett
‣ tel: +34 607 482 739