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Presentation made on Nov 23, 2011 at NABA DOF Ralph Grant Training Institute in Washington, DC.
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TECHNOLOGY in OUR WORLD
Calvin Harris Jr., CPA
NABA – National President
President – Harvin Consulting LLC
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
OVERVIEW
• Technology of the (recent) past
• Technology trends
– Process automation
– Cloud computing
– Software as a Service (“SaaS”)
– Social media & networking
– Opportunities
• Questions and Discussion
2
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Harvin Consulting LLC
3
• “Virtual CFO” services –Strategic Expertise
– Financial and accounting
– Operations and admin
– Strategic planning
– Financial turnaround
– Organization wind-down
– Forensic accounting and investigative matters
– Accounting placement
– Coaching financial staff
• Calvin Harris Jr., CPA –President of Harvin
– 20 years of experience
– CFO or Controller at orgs over $200 million
– Experience “in front and behind” desk as former external auditor and forensic accountant
– National President of NABA (National Association of Black Accountants)
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Technology of the Past
• Paper Computer software
• On-site servers Hosted solutions
• Communication social media
micro-messaging
4
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Technology Trends
• Process automation
• Cloud computing
• Software as a Service (SaaS)
• Social media & networking
• Opportunities
5
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Technology Trends
• Process automation
• Cloud computing
• Software as a Service (SaaS)
• Social media & networking
• Opportunities
6
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Web 2.0
7
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Web 2.0
• Web applications that facilitate:– participatory information sharing,
– interoperability,
– user-centered design,
– collaboration
• Common Web 2.0 traits– active social media dialogue
– user-generated content in virtual communities
• Essentially encourage active versus passage engagement driven by the user
8
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Web 2.0
• Examples of Web 2.0
– Social networking sites
– Blogs
– Wikis
– Video sharing sites
– Hosted services
– Web applications
9
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Technology Trends
• Process Automation
– Less of a trend versus
continuation of activities for
many years
– Allows organizations’ efficiency
– Reduced / eliminated staffing
– Internal control environment
10
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Cloud Computing
“Cloud computing is the delivery of
computing as a service rather than a product,
whereby shared resources, software, and
information are provided to computers and
other devices as a utility (like the electricity grid)
over a network (typically the Internet).SOURCE – Wikipedia (http://en.wikipedia.org/wiki/Cloud_computing)
11
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Source: Wikipedia
(http://en.wikipedia.org/wiki/File:Cloud_computing.svg) 12
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Technology Trends
• Cloud functions
– Online storage
– Allows for reduced IT equipment
and staffing
– CHALLENGE - Internal control environment
– CHALLENGE - Security of data
13
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Technology Trends
• Cloud Storage
– Entry-level, end-user applications
• Dropbox
• Box.net
• Amazon
– Enterprise-level
• Large companies – IBM & HP
• Smaller companies
14
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Source: Wikipedia
(http://en.wikipedia.org/wiki/File:Cloud_computing.svg) 15
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
“Software as a Service”
• Impact
– 2010 Sales estimated at $10B
– Projected Sales at $12.1B for 2011
• Applications
– Customer Relationship Management (CRM) – largest portion
– Accounting Management
– Enterprise Resource Planning (ERP)
– Human Resource Management (HRM)
16
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Social Media Facebook LinkedIn
Twitter Many others
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Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Social Media Facebook LinkedIn
Twitter Many others
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IN-HOUSE
COMMUNICATION
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Enterprise Social Networking
• Business “Social Media”
– People “following” within company
– Subject following and filtering
– Application-specific info
– User-driven repositories (ex Wiki’s)
– Advanced analytics
– Business workflow
– Process flow relevance
– Real-time employee collaboration
19
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Enterprise Social Networking
• Sample of Prominent Providers
– Cisco Systems
– IBM
– Microsoft
– Novell
– Oracle
– Salesforce.com
– SAP
20
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Opportunities
• Assist clients in internal controls
(ex. Control of remote data)
• Work with cloud applications to
allow more remote client
service
• Lines of business – fraud and
forensics
21
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
Opportunities = RISKS
• Assist clients in internal controls
• Work with cloud applications to allow more remote client service
• Lines of business – fraud and forensics
Most of these areas for
opportunity include
significant risks if not
entered into properly
22
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
TOPIC REVIEW
• Technology of the (recent) past
• Technology trends
– Process automation
– Cloud functions
– Software as a Service (“SaaS”)
– Social media & networking
– Opportunities
23
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
QUESTIONS & DISCUSSION
24
THANK YOU!TECHOLOGY in OUR WORLD
Calvin Harris Jr., CPA
Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute
Washington, DC 11/23/2011
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