2015-05-12 mid market accounting systems comparison seminar
TRANSCRIPT
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Thrive. Grow. Achieve.
Financial & Accounting Systems Comparison
Seminar Comparison of Leading ERP Products
Seth Zarny - Partner Glenn Anstead– Senior Manager Buu-Linh Tran – Manager Jeremy Taro – Account Executive
May 12, 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
• Intacct • Dynamics SL • Dynamics GP
• 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
• Intacct • Microsoft Dynamics SL • Microsoft Dynamics GP
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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
• 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 – 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
• WEB BASED
• 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 – SMB
• 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
• WEB BASED FUNCTIONALITY
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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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Seth Zarny – Partner [email protected] Glenn Anstead – Senior Manager [email protected] Buu-Linh Tran – Manager [email protected] Jeremy Taro – Account Executive [email protected]