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11 Nov 2016 SCCCI by Kenny Goh, CA (Singapore)

What Accounting Software Suppliers Don't Tell You

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Page 1: What Accounting Software Suppliers Don't Tell You

11 Nov 2016 SCCCI

by Kenny Goh, CA (Singapore)

Page 2: What Accounting Software Suppliers Don't Tell You

Expectation ≠ Reality

On the menu On the table

Page 3: What Accounting Software Suppliers Don't Tell You

Duck or RabbitDuck or RabbitDuck

Page 4: What Accounting Software Suppliers Don't Tell You

“The most important thing in

communication is hearing what isn't said.”

Peter F. Drucker

Page 5: What Accounting Software Suppliers Don't Tell You

What it means

what you hear ≠ what it means

❶❷❸❹❺❻❼

What you hear

Page 6: What Accounting Software Suppliers Don't Tell You

It’s easy to use❶

Page 7: What Accounting Software Suppliers Don't Tell You

It’s easy to use

Few mouse clicks to get to a particular function

Keyboard shortcuts to reduce mouse clicks

Simple non-technical terms to ease understanding

Comfortable look & feel to move around

……

Page 8: What Accounting Software Suppliers Don't Tell You

Easy to use ≠ Able to use

Ease of use is a software feature, not a measure

of capability of the person using the software.

Page 9: What Accounting Software Suppliers Don't Tell You
Page 10: What Accounting Software Suppliers Don't Tell You

It’s easy to use

It's easy to use, BUT whether your

people know how to use or not is a different thing

Understand that however easy, using software has pre-requisites①

Page 11: What Accounting Software Suppliers Don't Tell You

Accounts AssistantA fast-growing SME looking for a dynamic and qualified

person for the above post:

• Knowledge of XYZ Accounting Software an added

advantage

• NO accounting knowledge required

• NO computer knowledge required

Remuneration will commensurate with experience.

• NO training will be provided.

Page 12: What Accounting Software Suppliers Don't Tell You

. 1 You don’t need accounting knowledge❷

Page 13: What Accounting Software Suppliers Don't Tell You
Page 14: What Accounting Software Suppliers Don't Tell You

"One of the mistakesbusinesses make when they buy accounting software is in

believing that they don't need to know anything at all about

financial accounting because the

software will just take care of it for you."

Data entry ≠ Accounting

Page 15: What Accounting Software Suppliers Don't Tell You

Don’t need accounting knowledge

Don’t need accounting knowledge to input into the software

BUT need accounting knowledge to

•set up the software &

•supervise the outputfrom the software

Be specific about the setup involved – engage or employ – NEVER take “easy” for an answer②

Page 16: What Accounting Software Suppliers Don't Tell You

. 2 You don’t need computer knowledge❷

Page 17: What Accounting Software Suppliers Don't Tell You

Knowledge

Knowledge ≠ Expertise

Time

Master

0

Page 18: What Accounting Software Suppliers Don't Tell You

Don’t need computer knowledge

Don’t need to be a computer expert

BUT still need to be

computer literate

Accounting

knowledge

Computer

knowledge②

Page 19: What Accounting Software Suppliers Don't Tell You

Yes! The software can do this…❸

Page 20: What Accounting Software Suppliers Don't Tell You

Knowledge Master

0 Training

Software ≠ Human

Page 21: What Accounting Software Suppliers Don't Tell You

19 Oct 2016

Page 22: What Accounting Software Suppliers Don't Tell You

Time spent

in learning

Standard

classroom

training

Customised

classroom

training

1-to-1

consultancy

Time

Interaction

Self-

study

Online

portal

Training required

Page 23: What Accounting Software Suppliers Don't Tell You

Time spent

in learning

Dollar cost

Standard

classroom

training

Customised

classroom

training

1-to-1

consultancy

Time / $

Interaction

Self-

study

Online

portal

Training requires $$$

Page 24: What Accounting Software Suppliers Don't Tell You

Yes! The software can do this

Yes, the software can do this

BUT whether your people

know how to use or not is (again) a different thing

Accounting

knowledgeComputer

knowledge

Software

training③

Page 25: What Accounting Software Suppliers Don't Tell You

Yes, we can do a non-obligatory demo❹

Page 26: What Accounting Software Suppliers Don't Tell You

Yes, we can do a non-obligatory demo

Yes, we can do a non-obligatory demo.

Non-obligatory means not-immediately-obligatory. Seriously, we’ve got bills to pay too.

Page 27: What Accounting Software Suppliers Don't Tell You

What business are you in ?❺

Page 28: What Accounting Software Suppliers Don't Tell You

Every zebra is different

Page 29: What Accounting Software Suppliers Don't Tell You

What business are you in ?

IMPORTANT!Even if I don’t ask,

you must TELL ME

Every business is different⑤

Pre-Sales Questionnaire

Page 30: What Accounting Software Suppliers Don't Tell You

How much is the software ?❻

Page 31: What Accounting Software Suppliers Don't Tell You

How much is the cab fare ?

Page 32: What Accounting Software Suppliers Don't Tell You

How much is the cab fare ?

Page 33: What Accounting Software Suppliers Don't Tell You

How much is the cab fare ?

Page 34: What Accounting Software Suppliers Don't Tell You

How much is the cab fare ?

Source: www.lta.gov.sg

Page 35: What Accounting Software Suppliers Don't Tell You

Software Solution ≠ Commodity

Page 36: What Accounting Software Suppliers Don't Tell You

How much is the software ?

Seriously?

It Depends

Understand all that you need to have –Remember pre-sales questionnaire?⑥

Page 37: What Accounting Software Suppliers Don't Tell You

❼What are the system requirements ?

Page 38: What Accounting Software Suppliers Don't Tell You

Hardware

Users

Software

as strong as the weakest

Page 39: What Accounting Software Suppliers Don't Tell You

Ok, what about your

user “specs” ?

What are the system requirements ?

Page 40: What Accounting Software Suppliers Don't Tell You

Software ≠ Driverless car

Page 41: What Accounting Software Suppliers Don't Tell You

Software ≠ Magic

Page 42: What Accounting Software Suppliers Don't Tell You

11 Nov 2016 SCCCI

Thank you

by Kenny Goh, CA (Singapore)