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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 – Senior Manager
Ed McGovern – Senior Manager
April 25, 2013
WHAT’S ON TAP
• INTRODUCTION & AGENDA
• HOW TO SELECT ACCOUNTING SOFTWARE
• EFFECTIVE ACCOUNTING SYSTEM
IMPLEMENTATIONS
• REVIEW OF TOP ACCOUNTING PRODUCTS
• DEMONSTRATIONS
• DYNAMICS GP
• DYNAMICS SL
• INTACCT
• Q&A
2
DO YOU NEED THE NEW SOFTWARE?
HINT – SOMETIMES YOU NEED TO CHANGE YOUR SOFTWARE!
3
SEMINAR AGENDA
• DECIDE WHEN TO REPLACE YOUR
FINANCIAL SYSTEM
• REVIEW PROCESS FOR SELECTING
APPROPRIATE SOFTWARE
• PROVIDE OVERVIEW OF LEADING
FINANCIAL PACKAGES
• PRESENT DEMO OF 3 LEADING
PRODUCTS
• Microsoft Dynamics GP
• Microsoft Dynamics SL
• Intacct
4
ACCOUNTING SYSTEMS
MICROSOFT DYNAMICS SL (SOLOMON)
MICROSOFT DYNAMICS GP (GREAT PLAINS)
INTACCT
DEMO –DYNAMICS GP, DYNAMICS SL, INTACCT
5
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
6
ACCOUNTING SYSTEM LIFE CYCLE
(CONT)
• 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
7
STEPS FOR EVALUATING & SELECTING
• DECISION MAKING TEAM
• BUDGET
• TIME SCHEDULE
• CURRENT SYSTEM PROBLEMS
• Requirements
• VAR OR SOFTWARE
• IT STAFF INVOLVEMENT
8
STEPS FOR EVALUATING & SELECTING
(CONT)
• 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
• Accounting Library Used Here
• PRODUCT FEATURES
9
STEPS FOR EVALUATING & SELECTING
(CONT)
• ANALYZE REQUIREMENTS AGAINST
FEATURES
• IDENTIFY APPROPRIATE RESELLERS
• PRODUCT DEMONSTRATIONS
• PROPOSAL REVIEW
• REFERENCES
• DECISION
10
SUMMARY OF DYNAMICS GP 2010/2013
• POWERFUL, POPULAR FINANCIAL
SYSTEM THAT TARGETS HORIZONTAL
& VERTICAL MARKETS – SMS&P
• STRONG USER PRODUCTIVITY
FEATURES
• FLEXIBLE REPORTING & INQUIRY
• INDUSTRY LEADER
• INTEGRATION WITH EXTERNAL
SYSTEMS
11
SUMMARY OF DYNAMICS GP 2010/2013
(CONT)
• KEY FEATURES INCLUDE:
• Personalized Role Pages
• Integrated with Microsoft Office
• Business Intelligence – Analysis Cubes
• Business Portal – Team Collaboration
• Improved Efficiency
• Microsoft Visual Studio Integration
• Increased Internal Controls
12
SUMMARY OF DYNAMICS SL 2011
• POWERFUL, POPULAR FINANCIAL
SYSTEM THAT TARGETS HORIZONTAL &
VERTICAL MARKETS – SMS&P
• 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 – GOVT CONTRACTING,
GRANTS, PROGRAMS
13
SUMMARY OF DYNAMICS SL 2011 (CONT.)
• KEY FEATURES INCLUDE:
• Integrated with Microsoft Office
• Business Portal access to remote users
• Customer Facing Web Pages customers
only see their data
• Web Requisitions - Front-end to Purchasing
Module
• Automates the Procurement Process
• Powerful Project Costing
• Improved Efficiency
• Microsoft Visual Studio Integration
• Increased Internal Controls
14
CLOUD – CLAIMED 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
15
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
16
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
17
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
18
INTRODUCTION TO INTACCT
•NEWER CLOUD BASED ERP SYSTEM
• True Cloud Based
• Local Partners
• Yearly 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
19
DEMONSTRATIONS
20
QUESTIONS?
21
Seth Zarny –
Partner
szarny@raffa.com
Glenn Anstead –
Senior Manager
ganstead@raffa.com
Buu-Linh Tran –
Senior Manager
btran@raffa.com
Ed McGovern –
Senior Manager
emcgovern@raffa.com
Jeremy Taro –
Account Executive
jtaro@raffa.com

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2013-04-25 Accounting Systems Comparison Seminar

  • 1. Thrive. Grow. Achieve. Financial & Accounting Systems Comparison Seminar Comparison of Leading ERP Products Seth Zarny - Partner Glenn Anstead – Senior Manager Buu-Linh Tran – Senior Manager Ed McGovern – Senior Manager April 25, 2013
  • 2. WHAT’S ON TAP • INTRODUCTION & AGENDA • HOW TO SELECT ACCOUNTING SOFTWARE • EFFECTIVE ACCOUNTING SYSTEM IMPLEMENTATIONS • REVIEW OF TOP ACCOUNTING PRODUCTS • DEMONSTRATIONS • DYNAMICS GP • DYNAMICS SL • INTACCT • Q&A 2
  • 3. DO YOU NEED THE NEW SOFTWARE? HINT – SOMETIMES YOU NEED TO CHANGE YOUR SOFTWARE! 3
  • 4. SEMINAR AGENDA • DECIDE WHEN TO REPLACE YOUR FINANCIAL SYSTEM • REVIEW PROCESS FOR SELECTING APPROPRIATE SOFTWARE • PROVIDE OVERVIEW OF LEADING FINANCIAL PACKAGES • PRESENT DEMO OF 3 LEADING PRODUCTS • Microsoft Dynamics GP • Microsoft Dynamics SL • Intacct 4
  • 5. ACCOUNTING SYSTEMS MICROSOFT DYNAMICS SL (SOLOMON) MICROSOFT DYNAMICS GP (GREAT PLAINS) INTACCT DEMO –DYNAMICS GP, DYNAMICS SL, INTACCT 5
  • 6. 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 6
  • 7. ACCOUNTING SYSTEM LIFE CYCLE (CONT) • 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 7
  • 8. STEPS FOR EVALUATING & SELECTING • DECISION MAKING TEAM • BUDGET • TIME SCHEDULE • CURRENT SYSTEM PROBLEMS • Requirements • VAR OR SOFTWARE • IT STAFF INVOLVEMENT 8
  • 9. STEPS FOR EVALUATING & SELECTING (CONT) • 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 • Accounting Library Used Here • PRODUCT FEATURES 9
  • 10. STEPS FOR EVALUATING & SELECTING (CONT) • ANALYZE REQUIREMENTS AGAINST FEATURES • IDENTIFY APPROPRIATE RESELLERS • PRODUCT DEMONSTRATIONS • PROPOSAL REVIEW • REFERENCES • DECISION 10
  • 11. SUMMARY OF DYNAMICS GP 2010/2013 • POWERFUL, POPULAR FINANCIAL SYSTEM THAT TARGETS HORIZONTAL & VERTICAL MARKETS – SMS&P • STRONG USER PRODUCTIVITY FEATURES • FLEXIBLE REPORTING & INQUIRY • INDUSTRY LEADER • INTEGRATION WITH EXTERNAL SYSTEMS 11
  • 12. SUMMARY OF DYNAMICS GP 2010/2013 (CONT) • KEY FEATURES INCLUDE: • Personalized Role Pages • Integrated with Microsoft Office • Business Intelligence – Analysis Cubes • Business Portal – Team Collaboration • Improved Efficiency • Microsoft Visual Studio Integration • Increased Internal Controls 12
  • 13. SUMMARY OF DYNAMICS SL 2011 • POWERFUL, POPULAR FINANCIAL SYSTEM THAT TARGETS HORIZONTAL & VERTICAL MARKETS – SMS&P • 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 – GOVT CONTRACTING, GRANTS, PROGRAMS 13
  • 14. SUMMARY OF DYNAMICS SL 2011 (CONT.) • KEY FEATURES INCLUDE: • Integrated with Microsoft Office • Business Portal access to remote users • Customer Facing Web Pages customers only see their data • Web Requisitions - Front-end to Purchasing Module • Automates the Procurement Process • Powerful Project Costing • Improved Efficiency • Microsoft Visual Studio Integration • Increased Internal Controls 14
  • 15. CLOUD – CLAIMED 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 15
  • 16. 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 16
  • 17. 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 17
  • 18. 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 18
  • 19. INTRODUCTION TO INTACCT •NEWER CLOUD BASED ERP SYSTEM • True Cloud Based • Local Partners • Yearly 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 19
  • 21. QUESTIONS? 21 Seth Zarny – Partner szarny@raffa.com Glenn Anstead – Senior Manager ganstead@raffa.com Buu-Linh Tran – Senior Manager btran@raffa.com Ed McGovern – Senior Manager emcgovern@raffa.com Jeremy Taro – Account Executive jtaro@raffa.com