Modern Web Based Accounting System Seminar Featuring Intacct
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The document outlines a presentation about a web-based accounting system, featuring topics such as cloud computing, on-premise versus hosted solutions, and the introduction to Intacct's financial management software. Raffa, a firm specializing in nonprofit and professional services, emphasizes their experience, services, and the benefits of cloud solutions like Intacct, including high client satisfaction and real-time financial visibility. The presentation also addresses key evaluation criteria for accounting systems and the importance of adapting software to organizational needs.
Modern Web Based Accounting System Seminar Featuring Intacct
- 1. BEST IN CLASS WEB BASED ACCOUNTING SYSTEM FEATURING Helping Great Organizations Thrive www.raffa.com P: 202.822.5000 F: 202.822.0669 MAY 5, 2016
- 2. Page 1 WHAT’S ON TAP INTRODUCTION & AGENDA ON-PREMISE VS. HOSTING VS. SAAS What is the cloud? Key advantages and attributes of the cloud On-Premise advantages Mixed cloud with traditional ERP & accounting systems Key evaluation criteria to consider INTRODUCTION TO INTACCT Dimensions & Flexibility Powerful financial reporting & dashboards Multi-entity, Multi-company, Multi-currency Business Process Automation (GL, AP, AR, T&E, Billing, etc.) World class data center operations DEMONSTRATION OF INTACCT Functionality Flexibility Visibility QUESTIONS & ANSWERS
- 3. Page 2 MUTUAL INTRODUCTIONS WHO’S IN THE ROOM? Your name and organization Size of organization Current accounting system Challenges & concerns with current system(s) What would your ideal accounting system look like RAFFA Seth Zarny – Partner Buu-Linh Tran – Manager Jeremy Taro – Account Executive
- 4. Page 3 DO YOU NEED THE NEW SOFTWARE? Hint – Sometimes You Need to Change Your Software!
- 5. Page 4 LARGEST ACCOUNTINGS SYSTEMS PROVIDER • We support hundreds of Nonprofit and Professional Services organizations • 200+ nonprofit specialists on staff at all levels • Support over 200 Financial System Clients • Certified System Consultants, Certified Project Management Professionals, Business Process Consultants 30 YEARS SERVING DC, MD & VA 17 PARTNERS, INCLUDING 10 WOMEN PARTNERS WOMEN-OWNED FIRM MULTI-CULTURAL WITH DIVERSITY AT ALL LEVELS BDO ALLIANCE USA INDEPENDENT MEMBER RAFFA OVERVIEW Raffa is nationally recognized with access to all the resources of the largest international firms. Our mission is to advance the nonprofit sector and be a catalyst for positive, systemic change. WIDE RANGE OF SERVICES • Technology Solutions • ERP & Accounting Systems • Software Development • Managed IT Services • Audit and Tax • Managed Accounting • HR Consulting • Business Advisory • Forensics and Litigation Support • Employee Benefit Plans • Search and Transition Services NATIONALLY RECOGNIZED: • Top 100 Largest Accounting Firms • Top 100 ERP VAR (Bob Scott & Accounting Today) • Top 100 and Fastest Growing Value Added Reseller
- 6. Page 5 WHAT IS THE CLOUD? National Institute of Standards and Technology (NIST) Cloud computing - model for convenient, on-demand network access to shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services). Rapidly provisioned and released with minimal management effort. Cloud computing provides computation, software, data access, and storage services – does not require end-user knowledge of physical location and configuration of the system that delivers services.
- 7. Page 6 CLOUD: KEY ATTRIBUTES AGILITY: IMPROVED RE-PROVISIONING COST: MEASURABLE RETURN ON INVESTMENT, COSTS DISTRIBUTED OVER MANY USERS DEVICE & LOCATION INDEPENDENCE: ALL HTML5 SUPPORTED DEVICES CAN CONNECT MULTI-TENANCY: KEY ISSUE FOR ERP RELIABILITY: MULTIPLE REDUNDANT FAILOVER SITES & SYSTEM SECURITY SECURITY: PROVIDERS DEVOTE MORE RESOURCES MAINTENANCE: UPGRADES INSTALLED CENTRALLY DOWNTIME ELIMINATED
- 8. Page 7 ON-PREMISE: KEY ATTRIBUTES CONTROL – YOU MAINTAIN CONTROL IN YOUR ENVIRONMENT INTEGRATION WITH ORGANIZATION APPLICATIONS CUSTOMIZATIONS: UNDER YOUR CONTROL SECURITY: PLUSES & MINUSES ACCESS: REMOTE ACCESS & CONTROLLED USERS LOCAL DATA: DATA IS ACCESSIBLE KNOWN COSTS: TRADITIONAL COSTS (HARDWARE & SOFTWARE) MATURE SOFTWARE VENDORS
- 9. Page 8 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
- 10. Page 9 KEY EVALUATION CRITERIA 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?
- 11. Page 10 INTRODUCTION TO INTACCT BEST IN CLASS FINANCIAL MANAGEMENT SYSTEM • True Software-As-A-Service (SAAS) • Local Partners • Annual Subscription Costs • Preferred provider of the AICPA STRONG FINANCIAL & ACCOUNTING FUNCTIONALITY • Outgrowing QuickBooks • Interested in Cloud Financials • Nonprofit Focus • Project Oriented Firms & Professional Services Firms • Business Process Automation • JE, AP, AR, Purchasing, Grants, Bank Rec • Time & Expense • Billing & Revenue Recognition VERY SATISFIED CLIENT BASE (OVER 10,500 CLIENTS) WORLD-CLASS DATA CENTER OPERATIONS • 99.992% availability for 2014 • Industry leading SLA’s • SSAE 16 Audited & PCI DSS Compliant • Successful DCAA Audits • Multi-Company • Multi-Entity • Multi-Currency • Consolidated Financials • Real Time Financial Visibility • Prebuilt Financial Reports • Dashboards
- 12. Page 11 SUPERIOR RETURN ON INVESTMENT (ROI) Subscription-based pricing model - Pay only for what you need “We know we need to earn your business every year” Higher ROI and faster payback • Save time with automated and streamlined processes • Higher employee productivity • Real time visibility • Anytime, anywhere access • No IT infrastructure and on-going operational costs • No additional upgrades costs • Continuous product innovation • Industrial-grade infrastructure with guaranteed service levels and operational excellence • Subscription fee • Training • Configuration On-Demand • Ongoing IT workload • Fixes, Patches • Maintenance & upgrades: • Hardware • Network • Downtime • Performance tuning • Rewrite customizations • Rewrite integrations • Upgrade dependent applications • Disaster recovery On-Premises • Security • Database Ongoing Cost Comparison
- 13. Page 12 INTACCT PARTNER ECOSYSTEM 120+ partners 75% of customers integrate with 2+ partners Integration & Web Services Flexible Reporting Unlimited Dimensions Workflow Automation Intuitive & Easy to Use Large Ecosystem of 3rd Party Software Partners
- 14. Page 13 SAMPLE INTACCT CLIENTS 95% Customer Satisfaction FOUNDATION Real Value 10,500+ Growth Companies Growing with Intacct
- 15. Page 14 INTACCT DIMENSIONS DIMENSIONS Customer Vendor Employee EntityDepartmentProject Class Item Who? Where? What? Collect key data for analysis
- 16. Page 15 INTACCT SOLUTION PRESENTATION
- 17. Page 16 QUESTIONS & ANSWERS Seth Zarny – Partner szarny@raffa.com 301.279.6500 Buu-Linh Tran – Senior Manager btran@raffa.com 301.279.6511 Jeremy Taro – Account Executive jtaro@raffa.com 301.279.6504
- 18. Helping Great Organizations Thrive