Complicated, error-prone spreadsheets? Limited financial and operational visibility across your business? Extensive manual processes killing productivity? If this sounds painfully familiar, it’s time to upgrade your financial management and accounting software. These days, there are a lot of great solutions out there—so how do you chose the right one for your company? Join us as we present a five-step selection process to help you cut through the noise and make the right software choice for your business. Based on learnings gained from successful--and not so successful--financial software choices made by companies of all sizes and a wide range of industries.

1. Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals
5 Steps to Selecting the Right
Financial Management
Software Solution

2. Learning Objectives
After attending this event you will be able to:
• Understand the tangible, hard dollar, savings that can be
realized with a replacement solution
• Learn how to avoid common mistakes made in the
selection of financial and accounting software
• Understand how to conduct a thorough financial
management and accounting evaluation and make the
right decision for your company

3. Welcome to Proformative
Proformative is the leading educational resource for
corporate finance professionals.
A resource where corporate finance and related
professionals advance in their careers through:
• Uniquely valuable, online peer network
• On demand courses taught by peers and SMEs
• Valuable Features and Resources
Check it out at www.proformative.com

4. Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals
5 Steps to Selecting the Right Financial
Management Software Solution
Todd Perlman, President, BT Partners
Michael Silver, CPA, Channel Executive, Intacct

5. Today’s Agenda
• Ready to replace your financial
applications?
• Vendor selection best practices
1. Getting started
2. Define your requirements
3. Understand your options
4. Evaluation process
5. Calculating ROI and economic
return
• Summary and resources

6. Typical Reasons to Change
Struggling with reporting and can’t analyze operating data
Inefficient manual processes are draining productivity
Dependence on unwieldy spreadsheets to run our business
We have multiple locations or currencies
We need real-time access to financial data
Require financial consolidations across several business
units

7. Inefficiency in the Accounting Function
Often Hinders Focus on Business Leadership
Top Issues for CFO Organizations Top Bottlenecks in Monthly Close Process
Source: Armanino McKenna, “The CFO EvolutionTM Benchmark Survey Results,” Dec 2010

8. Just Get Started
You may decide to stay with your current solution,
1
but you’ll still learn a lot from evaluating all your options:
Assemble a Project Team
Involve End Users
Set Clear Goals
Get Executive Buy In
Create a Project Schedule

9. Define Your Requirements
2
• Document the issues with your current system
• Prepare a top-down strategy
– What do you want to achieve with your new system?
– What type of information does management need to make better
business decisions?
– What is the business impact of that?
– Which processes do you want to automate?
• Tap in to outside experts and your peers
• Document expected improvements and ROI/TCO
• Use a 3rd party expert to help

10. 4 Key Areas Every CFO Thinks About
Boost productivity of financial processes
– Where do you spend your time now?
– What is being done in Excel?
Supply insight for better and faster decisions
– How old is the information from which you are making decisions?
– What is the bottleneck in getting the data?
Focus resources on your core business
– What other financial or related systems are critical to your business?
– Where can you eliminate duplicate entry, entry errors etc?
Deliver scale for growth
– What are your business needs 3-4 years from now?
– Do you have a business systems map to meet those needs?
1
2
3
4

11. 5 Steps to Selecting the Right Financial
Management Software Solution
Thank you for your interest in this presentation.
View the on-demand webinar or download the full
presentation at:
www.Proformative.com