Cloud Financials Lunch and Learn
Ephor Group, LLC | www.EphorGroup.com | 713.401.9643
Charles Bedard
Benefits of Cloud Financials
The benefits of cloud financials
Streamline and automate administrative processes and reduce transaction costs.
Cloud Financials Lunch and Learn
Ephor Group, LLC | www.EphorGroup.com | 713.401.9643
Charles Bedard
Benefits of Management Science Reporting Using Cloud Financials Your revenue and profitability depends on an accurate and prompt service-to-invoice cycle. + Improve productivity while reducing operating costs.
In 2012, the average service business will grow 4% to 6%; while the “best-in-class” performers will achieve significant
higher growth rates through portfolio optimization and expansion.
Strategies for Growth in 2012: Sync Management Science to Drive Performance
Management Science reporting provides the routine visibility executives need to lead daily performance, attract capital, and outperform the competition. By synching operations and management; cash collection and revenue growth achieves resource efficiency improvement.
Best Practices for 2012 and Beyond include:
I. Have a lower cost of sales than your competition. II. Have a capital efficient pipeline generation and revenue model. III. Utilize Technology:
CRM, Social Media, & Marketing Automation II. Multi-tiered Sales Distribution Compensation:
PRM, Agent, Alliances, Partners, Account Managers, Sales Personnel III. A Portfolio of Sources and Mix. IV. Management Science reporting to provide visibility and proactive actions:
Pro-Activity of the 3 C’s: Cash, Clients, Contracts. V. Asset Management ensures a lower cost of customer acquisition and higher ROI for spend.
Cloud FinancialsPeyton Burch Intacct CorporationPeyton Burch – Intacct Corporation
May 16, 2012 – Post Oak Grill, Houston
The Cloud Impacts All of Us Both asConsumers and in Business
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And Now Also for Business ApplicationsUse the Cloud Anytime, Anywhere via any Web Browsery , y y
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Software as a Service – Run your Business Applications in the Cloud
Cloud computing is a broad term encompassing everything from B2C e co pass g eve yt g o C services to infrastructure
Software as a Service is a subset of cloud computing focused on cloud computing focused on enterprise business applications− Mature, high function applications
Flexible to configure and integrate− Flexible to configure and integrate−World class operations and
maintenanceS t d i l l g t− Support and service level agreements
− Vastly better economics
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Cloud Computing vs. On-Premises Model
Subscription-based pricing model - Pay only for what you need
Ongoing Cost ComparisonCloud-BasedOn-Premises
− “We know we need to earn your business every year”
Cloud BasedOn Premises
Higher ROI and faster payback
• Subscription fee• Ongoing IT workload
− Save time with automated and streamlined processes
− Higher employee productivity
− Real time visibility• Training• Configuration
• Fixes, Patches• Maintenance & upgrades:
• Hardware• Network
• Downtime• Performance tuning
• Security• Database
Real time visibility
− Anytime, anywhere access
− No IT infrastructure and on-going operational costs
• Performance tuning• Rewrite customizations • Rewrite integrations• Upgrade dependent
applications• Disaster recovery
− No additional upgrades costs
− Continuous product innovation
− Industrial-grade infrastructure with guaranteed service levels and
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operational excellence
Cloud Computing Turns Capex into Opex
On-Premises Model Cloud Model
Upfront License Fees
18+% Annual Maintenance
Pay for what you use
Included18+% Annual Maintenance Fee
Customer Bears All IT Costs & Risk
Included
Vendor’s Problem
18-24 Month Release Cycles
Quarterly Innovation
Customer Bears All Upgrade Costs & Risk
“Ship and Forget”
Vendor Handles
Vendor Accountable
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Security, Infrastructure & OperationsCloud Vendors Have Superior Operating Capabilities
Far better than nearly all small and medium-sized businesses can afford to deploy− Fortune 100 class data center− Encryption & hardened systemsyp y− 24x7x365 operations on three
continents− SunGard disaster recovery centery− Redundant hardware and
networking− Continuous backupsC p− Automatic upgrades− SAS 70 type II audited
Possible because costs are spread
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Possible because costs are spread across thousands of organizations
Thank You!Thank You!
Peyton [email protected]
Benefits of Business Process Outsourcing to Finance & AccountingFinance & Accounting
M W A tTMarcus Wagner - AcctTwoMay 16, 2012 – Post Oak Grill - Houston
© Copyright 2012 AcctTwo Shared Services, LLC · AcctTwo is not a CPA Firm
Cloud Computing Enables BPO• Multi-tenant architecture supports single Multi tenant architecture supports single
business process outsourcer (BPO) working with multiple clients
• Software and IT cost sharing across clients and economies of scale
f• Cloud SaaS model facilitates collaboration between BPO and client in a single system across multiple locationsacross multiple locations
• On-demand pricing and deployment facilitates scalability and adaptability as
© Copyright 2012 AcctTwo Shared Services, LLC · AcctTwo is not a CPA Firm
y p yclient needs evolve
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Eliminates Distractions• BPO clients focus on their core • BPO clients focus on their core
competencies• Avoid distractions such as:
– Managing accounting and back office personnel
– Dealing with turnover and employee g p yissues
– Delays in completion of financial and
© Copyright 2012 AcctTwo Shared Services, LLC · AcctTwo is not a CPA Firm
y pmanagement reports
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Shared Services• BPO functional teams serve multiple clientsBPO functional teams serve multiple clients
– Accounts payable– Billing and accounts receivableg– Cash management– General ledger and month-end close
• Clients get functional focus, expertise, and segregation of duties they may not be large enough to afford on their ownenough to afford on their own
• Process excellence, automation• Access to more sophisticated ERP
© Copyright 2012 AcctTwo Shared Services, LLC · AcctTwo is not a CPA Firm
ptechnology
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Better Cost Structure• Transaction based or outcome based • Transaction-based or outcome-based
pricing• Smoothes cost increases vs.
incremental headcount additions to add capacity
• Economies of scale• BPO is in the business of optimizing
their efficiency and cost structure
© Copyright 2012 AcctTwo Shared Services, LLC · AcctTwo is not a CPA Firm
their efficiency and cost structure
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More Timely & Accurate Reporting• BPO Service Level Agreements (SLAs) • BPO Service Level Agreements (SLAs)
can include transaction processing turnaround times time to close booksturnaround times, time to close books
• Use of sophisticated technology and process best practices to ensure timely process best practices to ensure timely reconciliations and controlsR l ti t d k f • Real-time reports and key performance indicators (KPIs) vs. monthly or quarterly look back
© Copyright 2012 AcctTwo Shared Services, LLC · AcctTwo is not a CPA Firm
quarterly look-back6
Contact InformationJohn SilverJohn Silver
Director of Marketing and Business Development
Marcus WagnerChief Executive OfficerChief Executive [email protected]
713 744 8401
© Copyright 2012 AcctTwo Shared Services, LLC · AcctTwo is not a CPA Firm
713-744-8401
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