Cloud financials benefits the ROI business case

Cloud Financials Lunch and Learn

Ephor Group, LLC | www.EphorGroup.com | 713.401.9643

Charles Bedard

Benefits of Cloud Financials

The benefits of cloud financials

Streamline and automate administrative processes and reduce transaction costs.

Cloud Financials Lunch and Learn

Ephor Group, LLC | www.EphorGroup.com | 713.401.9643

Charles Bedard

Benefits of Management Science Reporting Using Cloud Financials Your revenue and profitability depends on an accurate and prompt service-to-invoice cycle. + Improve productivity while reducing operating costs.

In 2012, the average service business will grow 4% to 6%; while the “best-in-class” performers will achieve significant

higher growth rates through portfolio optimization and expansion.

Strategies for Growth in 2012: Sync Management Science to Drive Performance

Management Science reporting provides the routine visibility executives need to lead daily performance, attract capital, and outperform the competition. By synching operations and management; cash collection and revenue growth achieves resource efficiency improvement.

Best Practices for 2012 and Beyond include:

I. Have a lower cost of sales than your competition. II. Have a capital efficient pipeline generation and revenue model. III. Utilize Technology:

CRM, Social Media, & Marketing Automation II. Multi-tiered Sales Distribution Compensation:

PRM, Agent, Alliances, Partners, Account Managers, Sales Personnel III. A Portfolio of Sources and Mix. IV. Management Science reporting to provide visibility and proactive actions:

Pro-Activity of the 3 C’s: Cash, Clients, Contracts. V. Asset Management ensures a lower cost of customer acquisition and higher ROI for spend.

Cloud FinancialsPeyton Burch Intacct CorporationPeyton Burch – Intacct Corporation

May 16, 2012 – Post Oak Grill, Houston

The Cloud Impacts All of Us Both asConsumers and in Business

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And Now Also for Business ApplicationsUse the Cloud Anytime, Anywhere via any Web Browsery , y y

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Software as a Service – Run your Business Applications in the Cloud

Cloud computing is a broad term encompassing everything from B2C e co pass g eve yt g o C services to infrastructure

Software as a Service is a subset of cloud computing focused on cloud computing focused on enterprise business applications− Mature, high function applications

Flexible to configure and integrate− Flexible to configure and integrate−World class operations and

maintenanceS t d i l l g t− Support and service level agreements

− Vastly better economics

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Cloud Computing vs. On-Premises Model

Subscription-based pricing model - Pay only for what you need

Ongoing Cost ComparisonCloud-BasedOn-Premises

− “We know we need to earn your business every year”

Cloud BasedOn Premises

Higher ROI and faster payback

• Subscription fee• Ongoing IT workload

− Save time with automated and streamlined processes

− Higher employee productivity

− Real time visibility• Training• Configuration

• Fixes, Patches• Maintenance & upgrades:

• Hardware• Network

• Downtime• Performance tuning

• Security• Database

Real time visibility

− Anytime, anywhere access

− No IT infrastructure and on-going operational costs

• Performance tuning• Rewrite customizations • Rewrite integrations• Upgrade dependent

applications• Disaster recovery

− No additional upgrades costs

− Continuous product innovation

− Industrial-grade infrastructure with guaranteed service levels and

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operational excellence

Cloud Computing Turns Capex into Opex

On-Premises Model Cloud Model

Upfront License Fees

18+% Annual Maintenance

Pay for what you use

Included18+% Annual Maintenance Fee

Customer Bears All IT Costs & Risk

Included

Vendor’s Problem

18-24 Month Release Cycles

Quarterly Innovation

Customer Bears All Upgrade Costs & Risk

“Ship and Forget”

Vendor Handles

Vendor Accountable

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Security, Infrastructure & OperationsCloud Vendors Have Superior Operating Capabilities

Far better than nearly all small and medium-sized businesses can afford to deploy− Fortune 100 class data center− Encryption & hardened systemsyp y− 24x7x365 operations on three

continents− SunGard disaster recovery centery− Redundant hardware and

networking− Continuous backupsC p− Automatic upgrades− SAS 70 type II audited

Possible because costs are spread

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Possible because costs are spread across thousands of organizations

Thank You!Thank You!

Peyton [email protected]

Benefits of Business Process Outsourcing to Finance & AccountingFinance & Accounting

M W A tTMarcus Wagner - AcctTwoMay 16, 2012 – Post Oak Grill - Houston

© Copyright 2012 AcctTwo Shared Services, LLC · AcctTwo is not a CPA Firm

Cloud Computing Enables BPO• Multi-tenant architecture supports single Multi tenant architecture supports single

business process outsourcer (BPO) working with multiple clients

• Software and IT cost sharing across clients and economies of scale

f• Cloud SaaS model facilitates collaboration between BPO and client in a single system across multiple locationsacross multiple locations

• On-demand pricing and deployment facilitates scalability and adaptability as


y p yclient needs evolve

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Eliminates Distractions• BPO clients focus on their core • BPO clients focus on their core

competencies• Avoid distractions such as:

– Managing accounting and back office personnel

– Dealing with turnover and employee g p yissues

– Delays in completion of financial and


y pmanagement reports

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Shared Services• BPO functional teams serve multiple clientsBPO functional teams serve multiple clients

– Accounts payable– Billing and accounts receivableg– Cash management– General ledger and month-end close

• Clients get functional focus, expertise, and segregation of duties they may not be large enough to afford on their ownenough to afford on their own

• Process excellence, automation• Access to more sophisticated ERP


ptechnology

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Better Cost Structure• Transaction based or outcome based • Transaction-based or outcome-based

pricing• Smoothes cost increases vs.

incremental headcount additions to add capacity

• Economies of scale• BPO is in the business of optimizing

their efficiency and cost structure


their efficiency and cost structure

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More Timely & Accurate Reporting• BPO Service Level Agreements (SLAs) • BPO Service Level Agreements (SLAs)

can include transaction processing turnaround times time to close booksturnaround times, time to close books

• Use of sophisticated technology and process best practices to ensure timely process best practices to ensure timely reconciliations and controlsR l ti t d k f • Real-time reports and key performance indicators (KPIs) vs. monthly or quarterly look back


quarterly look-back6

Contact InformationJohn SilverJohn Silver

Director of Marketing and Business Development

[email protected]

Marcus WagnerChief Executive OfficerChief Executive [email protected]

713 744 8401


713-744-8401

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