CPA Australia

Communities +

Cloud based practice

+ Practice management software - WorkflowMax

+ From timesheets to invoices

+ Shared data

+ Collaboration

+ Custom build reports

+ Charge lower fees

+ Custom fields and Themes

+ Touch screen interactive scheduling

Changing the business model

Cloud based practice

+ Accounting Software – KashFlow, Saasu, Xero

+ Virtual CFO

+ Full payroll offering

+ Advisor forms part of BCP planning

+ Auto bank recon

+ Employee portal

+ No more data files

SasS changing market economics

SRA IT (SaaS) Case Study

From:

+ Installed local multiple systems

+ Slow manual processes

+ Delayed information & decisions

+ Different location based processes

+ Lower interaction with external advisor

SRA IT (SaaS) Case Study

To:

+ API linked systems

+ Largely automated processes

+ Improved transparency (access)

+ Significant labour savings

+ Customised real time forecasting &

reporting

+ Increase interaction with advisors

Staff cringe when MYOB is mentioned

+ Direct costs are less

+ Lego TM

+ Internal instructions, how “SRA” will use

software

+ Working from home, no problem

+ Device independent

+ SRA Business Dashboard

SRA (SaaS) Case Study

Cloud Management issues…

+ Nature of expenditure has changed

+ Each transaction is lower value

+ Do your policies match the system?

+ Unknown IT Business Continuity

+ Back up 3/4G internet access

+ Hosted systems IaaS

Risks

+ Control over data

+ Service level agreement – penalties??

+ Reliance on internet access

+ Data export format

+ Terms of Use

+ NO PAY NO ACCESS

Think Big!!

+ You could design & build a business

application with global reach!!

CPA Cloud Computing

Thank you