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Financial & Accounting Systems Comparison

Seminar Comparison of Leading ERP Products

Seth Zarny - Partner Glenn Anstead– Senior Manager Buu-Linh Tran – Manager Jeremy Taro – Account Executive

May 12, 2015

WHAT’S ON TAP

• INTRODUCTION & AGENDA

• HOW TO SELECT ACCOUNTING SOFTWARE

• EFFECTIVE ACCOUNTING SYSTEM IMPLEMENTATIONS

• REVIEW OF TOP ACCOUNTING PRODUCTS

• DEMONSTRATIONS

• Intacct • Dynamics SL • Dynamics GP

• Q&A

2

DO YOU NEED THE NEW SOFTWARE?

HINT – SOMETIMES YOU NEED TO CHANGE YOUR SOFTWARE!

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SEMINAR AGENDA

• WHEN TO REPLACE YOUR FINANCIAL SYSTEM

• REVIEW PROCESS FOR SELECTING APPROPRIATE SOFTWARE

• OVERVIEW OF LEADING FINANCIAL PACKAGES

• PRESENTATION OF 3 LEADING PRODUCTS

• Intacct • Microsoft Dynamics SL • Microsoft Dynamics GP

4

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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ACCOUNTING SYSTEM LIFE CYCLE

• 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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STEPS FOR EVALUATING & SELECTING

• DECISION MAKING TEAM

• BUDGET

• TIME SCHEDULE

• CURRENT SYSTEM PROBLEMS

• Requirements

• SOFTWARE

• PARTNER TRUST

• IT STAFF INVOLVEMENT

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STEPS FOR EVALUATING & SELECTING

• 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

• PRODUCT FEATURES

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STEPS FOR EVALUATING & SELECTING

• ANALYZE REQUIREMENTS AGAINST FEATURES

• IDENTIFY APPROPRIATE RESELLERS

• PRODUCT DEMONSTRATIONS

• PROPOSAL REVIEW

• REFERENCES

• DECISION

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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

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CLOUD – 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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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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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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SUMMARY OF DYNAMICS GP 2015

• POWERFUL, POPULAR FINANCIAL SYSTEM THAT TARGETS HORIZONTAL & VERTICAL MARKETS – SMS&P

• WEB BASED

• STRONG USER PRODUCTIVITY FEATURES

• FLEXIBLE REPORTING & INQUIRY

• INDUSTRY LEADER

• INTEGRATION WITH EXTERNAL SYSTEMS

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SUMMARY OF DYNAMICS GP 2015

• 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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SUMMARY OF DYNAMICS SL 2015

• POWERFUL, POPULAR FINANCIAL SYSTEM THAT TARGETS HORIZONTAL & VERTICAL MARKETS – SMB

• 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

• WEB BASED FUNCTIONALITY

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SUMMARY OF DYNAMICS SL 2015

• 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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INTRODUCTION TO INTACCT

• CLOUD BASED ERP SYSTEM

• True Cloud Based • Local Partners • Annul Subscription 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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DEMONSTRATIONS

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QUESTIONS?

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Seth Zarny – Partner szarny@raffa.com Glenn Anstead – Senior Manager ganstead@raffa.com Buu-Linh Tran – Manager btran@raffa.com Jeremy Taro – Account Executive jtaro@raffa.com