Video & Slides: http://www.proformative.com/events/cfo-story-when-its-time-upgrade-financial-systems-do-it-right-hello-cloud-accounting There's no denying a CFO's job continues to become increasingly complex. The last thing that the office of the CFO needs is accounting and financial systems that fail to address critical business needs including compliance issues, an effective financial close process, complex business processes, and company growth. How do you know when it's the right time to upgrade your financial systems? How do you accurately assess your company's current and future needs, and find the right solution in the new age of cloud computing?

1. THE RESOURCE FOR CORPORATE FINANCE, ACCOUNTING & TREASURY PROFESSIONALS
When It’s Time to Upgrade
Financial Systems & Do it Right
Tom Brennan, VP of Marketing, FinancialForce.com
Scott Travasos, CFO, Blue Shield of CA Foundation

3. Learning Objectives
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4. THE RESOURCE FOR CORPORATE FINANCE, ACCOUNTING & TREASURY PROFESSIONALS
When It’s Time to Upgrade
Financial Systems & Do it Right
Tom Brennan, VP of Marketing, FinancialForce.com
Scott Travasos, CFO, Blue Shield of CA Foundation

5. 5 Reasons Why People Change Systems
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6. Business Driven Decisions To Change
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7. Technology Driven Decisions To Change
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8. Corporate & Business Combination Driven
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9. Vendor Driven Decision To Change
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10. Scott Travasos, CFO

11. I knew it was time to upgrade
Separate
Systems
Outdated
Systems and
Processes
No Control
over Data
Manipulation
Weak Internal
Communications

12. Why The Cloud Made Sense
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13. Multi-tenant vs Single-tenant vs On-Premises

14. Advantages of finance in the cloud
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15. Advantages of Cloud Finance
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16. Advantages of Cloud Finance
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17. One Cloud Approach
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19. Facebook has become a way of life

20. Facebook for Finance?
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21. Social Users Exceed Email Users
Source: Comscore, June 2011
“The expectation now is that the tools people use at work are
as easy and as fun as the ones they use in their personal life”
(David Stein – CEO Rypple)

22. We work in virtual companies

23. We are working socially…the hard way

24. Social Media Stats
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25. Social Media can…
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26. Life in the Finance Dept Before
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27. Life in the Finance Dept After
• Customer interaction data
readily available to Finance
• Finance Department spends
less time emailing
• Finance and Other
Departments relationship
more collaborative
• Less Work! Employees
outside of finance can see
data

28. A Winning Strategy - ROI
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29. It Has Transformed my Job as a CFO
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31. Please join us at www.proformative.com to ask any
additional questions you may have and to continue this
conversation with your peers and the experts you heard
from today.
If you have questions about CPE Credit please contact
cpe@proformative.com