2017-09-26 mid market erp & accounting systems update
TRANSCRIPT
Helping Great Organizations Thrive
www.raffa.com P: 202.822.5000 F: 202.822.0669
ERP & ACCOUNTING
SYSTEMS COMPARISON
SEMINAR
September 26, 2017
Page 1
Mutual Introductions
Best Practices & Considerations for Evaluation
Effective Accounting System Implementations
Review of Top Accounting Software for SMB
Software Demonstrations
• Intacct • JAMIS • Microsoft Dynamics 365
Questions
Page 2
Our mission is to be a catalyst for positive system change in our community. Raffa is nationally recognized with
access to all the resources of the largest international firms. We contribute to our clients’ abilities to achieve their
missions and deliver promises to the world.
LARGE ACCOUNTING, CONSULTING & TECHNOLOGY CONSULTING FIRM
• Serve 1,500+ organizations in DC/MD/VA (Nonprofit &
Professional Services)
• 300+ specialists on staff at all levels
• Support over 250 Financial System Clients
• Certified System Consultants, Certified Project
Management Professionals, Business Process
Consultants
33 YEARS SERVING THE NON PROFIT COMMUNITY
17 PARTNERS, INCLUDING 11 WOMEN PARTNERS
WOMEN-OWNED FIRM
MULTI-CULTURAL WITH DIVERSITY AT ALL LEVELS
PRIMEGLOBAL ALLIANCE MEMBER
WIDE RANGE OF SERVICES
• Technology Solutions
• ERP & Accounting Systems
• GovCon Expertise
• Software Development
• Managed IT Services
• Audit and Tax
• Managed Accounting
• HR Consulting
• Business Advisory
• Forensics and Litigation Support
• Financial Services, Employee Benefit Plans, Insurance
• Executive Search and Transition Services
NATIONALLY RECOGNIZED
• Top 100 Largest Accounting Firms (WBJ & Accounting Today)
• Top 100 ERP VAR (Bob Scott & Accounting Today)
• Top 100 and Fastest Growing Value Added Reseller
Page 3
HINT – SOMETIMES YOU NEED TO CHANGE YOUR SOFTWARE!
Page 4
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
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
Page 5
Decision Making Team
Budget
Time Schedule
Solving Current System Problems & identifying key requirements
Software Evaluations
Partner Trust
IT Staff Involvement
Review Potential Solutions
Page 6
Eliminate Obvious Poor Choices
• Potential list of 2 or 3 products at most
Avoid Analysis/Paralysis
• Evaluate product match to your requirements
Product Features
Analyze Requirements Against Features
Identify Appropriate Resellers
Product Demonstrations
Proposal Review
References
Decision
Page 7
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
Page 8
Agility – Improved re-provisioning
Cost – ROI & TCO
Distributed over many users
Device & Location Independence
Multi-Tenancy
Reliability – Multiple redundant sites & industry leading Service Level Agreements (SLA)
Security – Providers devote more resources
Maintenance – Upgrades installed centrally
Page 9
Control – In your environment
Integration with existing applications
Customization – Under your control
Security – Pluses & minuses
Access – Remote access & controlled users
Local Data – Data can be more accessible
Known Costs – Traditional costs
Reputable mature vendors
Page 10
Existing Software – Hosted in the cloud
Mature Products – Functionality
Monthly Fees, annual fees, maintenance fees
Single Tenancy – Upgrades, Backups, Customized Attention
Integrations – Traditional
Remote Access - Citrix, Remote Desktop
Known Costs – Traditional Costs
Reputable mature vendors
Page 11
Powerful, popular financial system that targets
horizontal & vertical markets
Web based features
Strong user productivity features
Flexible reporting
Powerful business intelligence
Industry leader
Maturity (Great Plains hit market in the 80’s)
Integration with external systems
Key Features Include • Personalized Role Pages
• Integrated with Microsoft Office
• Web Solution
• Business Intelligence – Power BI
• Business Process Automation – Enhanced Workflow
• Increased Internal Controls
Page 12
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 accounting
Professional Services Organizations, Gov’t
Contracting, Grants & Program Management
Web based capabilities
Key Features Include • Integrated with Microsoft Office • Web access for remote users • Business Intelligence – Power BI • Web Requisitions - Front-end to Purchasing Module • Automates the Procurement Process • Powerful Project Costing • Improved Efficiency • Increased Internal Controls
Page 13
End-to-end application in the cloud
Start with what you need and grow
Empower employees with tools where they need them
Optimal outcomes with intelligence imbedded in processes
Adapt in real-time with flexible and extensible applications
Key Features Include
• Financial Management
• Inventory Management
• Sales
• Purchasing
• Project Management
• Unified Microsoft Solution
Page 14
BEST IN CLASS FINANCIAL MANAGEMENT SYSTEM
True Software-As-A-Service (SAAS)
Local Partner
Annual and/or Monthly 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 12,000 CLIENTS)
WORLD-CLASS DATA CENTER OPERATIONS
99.992% availability for 2016
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
Page 15
Designed specifically for Government Contractors and
Professional Services Organizations
CAS/FAR and The Uniform Guidance 2 CFR 200
compliant
Project accounting with true labor costing
Project Management & Resource Scheduling
Optimized for mobile
Key Features Include • Finance & Project Accounting • Contract & Subcontract Management • Business Planning • Time & Expense • Human Capital Management • Customer Relationship Management (CRM) • Dashboards and Business Intelligence • Fixed Assets • Mobile capabilities
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Helping Great Organizations Thrive
www.raffa.com P: 202.822.5000 F: 202.822.0669
Seth Zarny, Partner
301.279.6500
Glenn Anstead, Senior Manager
301.279.6503
Buu-Linh Tran, Senior Manager
301.279.6511
Hector Ball, Manager
301.279.6512
Jeremy Taro, Account Executive
301.279.6504