dof rgi technology presentation nov 23 2011
DESCRIPTION
Presentation made on Nov 23, 2011 at NABA DOF Ralph Grant Training Institute in Washington, DC.TRANSCRIPT
TECHNOLOGY in OUR WORLD
Calvin Harris Jr., CPA
NABA – National President
President – Harvin Consulting LLC
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
OVERVIEW
• Technology of the (recent) past
• Technology trends
– Process automation
– Cloud computing
– Software as a Service (“SaaS”)
– Social media & networking
– Opportunities
• Questions and Discussion
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Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Harvin Consulting LLC
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• “Virtual CFO” services –Strategic Expertise
– Financial and accounting
– Operations and admin
– Strategic planning
– Financial turnaround
– Organization wind-down
– Forensic accounting and investigative matters
– Accounting placement
– Coaching financial staff
• Calvin Harris Jr., CPA –President of Harvin
– 20 years of experience
– CFO or Controller at orgs over $200 million
– Experience “in front and behind” desk as former external auditor and forensic accountant
– National President of NABA (National Association of Black Accountants)
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Technology of the Past
• Paper Computer software
• On-site servers Hosted solutions
• Communication social media
micro-messaging
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Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Technology Trends
• Process automation
• Cloud computing
• Software as a Service (SaaS)
• Social media & networking
• Opportunities
5
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Technology Trends
• Process automation
• Cloud computing
• Software as a Service (SaaS)
• Social media & networking
• Opportunities
6
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Web 2.0
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Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Web 2.0
• Web applications that facilitate:– participatory information sharing,
– interoperability,
– user-centered design,
– collaboration
• Common Web 2.0 traits– active social media dialogue
– user-generated content in virtual communities
• Essentially encourage active versus passage engagement driven by the user
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Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Web 2.0
• Examples of Web 2.0
– Social networking sites
– Blogs
– Wikis
– Video sharing sites
– Hosted services
– Web applications
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Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Technology Trends
• Process Automation
– Less of a trend versus
continuation of activities for
many years
– Allows organizations’ efficiency
– Reduced / eliminated staffing
– Internal control environment
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Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Cloud Computing
“Cloud computing is the delivery of
computing as a service rather than a product,
whereby shared resources, software, and
information are provided to computers and
other devices as a utility (like the electricity grid)
over a network (typically the Internet).SOURCE – Wikipedia (http://en.wikipedia.org/wiki/Cloud_computing)
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Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Source: Wikipedia
(http://en.wikipedia.org/wiki/File:Cloud_computing.svg) 12
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Technology Trends
• Cloud functions
– Online storage
– Allows for reduced IT equipment
and staffing
– CHALLENGE - Internal control environment
– CHALLENGE - Security of data
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Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Technology Trends
• Cloud Storage
– Entry-level, end-user applications
• Dropbox
• Box.net
• Amazon
– Enterprise-level
• Large companies – IBM & HP
• Smaller companies
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Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Source: Wikipedia
(http://en.wikipedia.org/wiki/File:Cloud_computing.svg) 15
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
“Software as a Service”
• Impact
– 2010 Sales estimated at $10B
– Projected Sales at $12.1B for 2011
• Applications
– Customer Relationship Management (CRM) – largest portion
– Accounting Management
– Enterprise Resource Planning (ERP)
– Human Resource Management (HRM)
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Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Social Media Facebook LinkedIn
Twitter Many others
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Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Social Media Facebook LinkedIn
Twitter Many others
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IN-HOUSE
COMMUNICATION
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Enterprise Social Networking
• Business “Social Media”
– People “following” within company
– Subject following and filtering
– Application-specific info
– User-driven repositories (ex Wiki’s)
– Advanced analytics
– Business workflow
– Process flow relevance
– Real-time employee collaboration
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Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Enterprise Social Networking
• Sample of Prominent Providers
– Cisco Systems
– IBM
– Microsoft
– Novell
– Oracle
– Salesforce.com
– SAP
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Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Opportunities
• Assist clients in internal controls
(ex. Control of remote data)
• Work with cloud applications to
allow more remote client
service
• Lines of business – fraud and
forensics
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Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Opportunities = RISKS
• Assist clients in internal controls
• Work with cloud applications to allow more remote client service
• Lines of business – fraud and forensics
Most of these areas for
opportunity include
significant risks if not
entered into properly
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Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
TOPIC REVIEW
• Technology of the (recent) past
• Technology trends
– Process automation
– Cloud functions
– Software as a Service (“SaaS”)
– Social media & networking
– Opportunities
23
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
QUESTIONS & DISCUSSION
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THANK YOU!TECHOLOGY in OUR WORLD
Calvin Harris Jr., CPA
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011