1. Financial & Accounting
Systems Comparison
Seminar
Comparison of Leading ERP Products
Seth Zarny - Partner
Glenn Anstead– Senior Manager
Buu-Linh Tran – Senior Manager
Thrive. Grow. Achieve.
November 14, 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
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3. DO YOU NEED THE NEW SOFTWARE?
HINT – SOMETIMES YOU NEED TO CHANGE YOUR SOFTWARE!
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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
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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
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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
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7. STEPS FOR EVALUATING & SELECTING
•
DECISION MAKING TEAM
•
BUDGET
•
TIME SCHEDULE
•
CURRENT SYSTEM PROBLEMS
•
Requirements
•
SOFTWARE
•
PARTNER TRUST
•
IT STAFF INVOLVEMENT
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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
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9. STEPS FOR EVALUATING & SELECTING
(CONT)
•
ANALYZE REQUIREMENTS AGAINST
FEATURES
•
IDENTIFY APPROPRIATE RESELLERS
•
PRODUCT DEMONSTRATIONS
•
PROPOSAL REVIEW
•
REFERENCES
•
DECISION
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10. SUMMARY OF DYNAMICS GP 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
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11. SUMMARY OF DYNAMICS GP 2013
(CONT)
•
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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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 MGMT &
ACCOUNTING – GOVT
CONTRACTING, GRANTS, PROGRAMS
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13. SUMMARY OF DYNAMICS SL 2011 (CONT.)
•
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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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
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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
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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
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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 ONPREMISE 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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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
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19. DEMONSTRATIONS
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20. QUESTIONS?
Seth Zarny –
Partner
szarny@raffa.com
Glenn Anstead –
Senior Manager
ganstead@raffa.com
Buu-Linh Tran –
Senior Manager
btran@raffa.com
Jeremy Taro –
Account Executive
jtaro@raffa.com
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