cloud accounting
TRANSCRIPT
![Page 1: Cloud Accounting](https://reader030.vdocuments.site/reader030/viewer/2022032504/55c3cf8dbb61ebc0538b459d/html5/thumbnails/1.jpg)
![Page 2: Cloud Accounting](https://reader030.vdocuments.site/reader030/viewer/2022032504/55c3cf8dbb61ebc0538b459d/html5/thumbnails/2.jpg)
CLOUD ACCOUNTING
Presented by:Greg Lowe, McKonly & Asbury
Mike Yeager, Cargas Systems
![Page 3: Cloud Accounting](https://reader030.vdocuments.site/reader030/viewer/2022032504/55c3cf8dbb61ebc0538b459d/html5/thumbnails/3.jpg)
AGENDA• Introductions • Cargas Systems Overview• Defining the Cloud• Cloud vs. On-Premise• Cloud Advantages• Introduction of Intacct Cloud Financial Application• Questions & Answers
![Page 4: Cloud Accounting](https://reader030.vdocuments.site/reader030/viewer/2022032504/55c3cf8dbb61ebc0538b459d/html5/thumbnails/4.jpg)
CARGAS SYSTEMSHistory• Founded in 1988• Business Software and Consulting• Software Developer and Reseller
Purpose – Shared Success• Employees, Customers, Owners, Partners & Community
Employee Ownership• 55 Employees, 2 Locations• Over 70% of Employees are Owners
![Page 5: Cloud Accounting](https://reader030.vdocuments.site/reader030/viewer/2022032504/55c3cf8dbb61ebc0538b459d/html5/thumbnails/5.jpg)
CARGAS AND INTACCT • Intacct is a best in class cloud financial application
• We have been recognized as an Intacct Premier partner - one of 12 • Winner of the following Intacct Awards
‒ Intacct President’s Club 2015‒ Intacct partner of the month 3 times
![Page 6: Cloud Accounting](https://reader030.vdocuments.site/reader030/viewer/2022032504/55c3cf8dbb61ebc0538b459d/html5/thumbnails/6.jpg)
“We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten. Don't let
yourself be lulled into inaction.”
- Bill Gates
![Page 7: Cloud Accounting](https://reader030.vdocuments.site/reader030/viewer/2022032504/55c3cf8dbb61ebc0538b459d/html5/thumbnails/7.jpg)
WHAT IS CLOUD COMPUTING?
“Essentially, marketing people can call anything “the Cloud” and get attention. Since the definition
of the Cloud is fuzzy, and most consumers still think that anything delivered over the Internet is Cloud Computing, it’s easy to pull this one off.”
![Page 8: Cloud Accounting](https://reader030.vdocuments.site/reader030/viewer/2022032504/55c3cf8dbb61ebc0538b459d/html5/thumbnails/8.jpg)
DEFINITION OF CLOUD COMPUTING
From The National Institute of Standards and technology (NIST) www.nist.gov
“Cloud Computing is a model for enabling convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage,applications, and services) that can
be rapidly provisioned and released with minimal management effort or service provider interaction.”
![Page 9: Cloud Accounting](https://reader030.vdocuments.site/reader030/viewer/2022032504/55c3cf8dbb61ebc0538b459d/html5/thumbnails/9.jpg)
DEFINITION OF CLOUD COMPUTINGFrom Dave Nielsen – Co-Founder of Cloudcamp www.cloudcamp.org
• On-demand: the infrastructure or hardware is already setup and ready to deployed• Self-service: the customer chooses what they want, when they want it• Scalable: customers can choose how much they want and ramp up if
necessary• Measurable: there’s metering/reporting so you know you are getting what
you pay for
![Page 10: Cloud Accounting](https://reader030.vdocuments.site/reader030/viewer/2022032504/55c3cf8dbb61ebc0538b459d/html5/thumbnails/10.jpg)
WHAT MAKES THE CLOUD DIFFERENT?
• A different way to develop software
• A different way to deliver software
• A different way to price software‒Software as a service (SaaS)
![Page 11: Cloud Accounting](https://reader030.vdocuments.site/reader030/viewer/2022032504/55c3cf8dbb61ebc0538b459d/html5/thumbnails/11.jpg)
CLOUD PRODUCT DEVELOPMENTAll customers reside in a single database• This is called “multi-tenant”
All customers are on the same version
Software improvements are delivered frequently• Typically quarterly; sometimes even more often
Software developers are informed real time by actual knowledge of how customers are using the software
![Page 12: Cloud Accounting](https://reader030.vdocuments.site/reader030/viewer/2022032504/55c3cf8dbb61ebc0538b459d/html5/thumbnails/12.jpg)
MULTI-TENANCY
Multi-tenancy is an architecture in which a single instance of a software application serves multiple customers. Each customer is called a tenant.
![Page 13: Cloud Accounting](https://reader030.vdocuments.site/reader030/viewer/2022032504/55c3cf8dbb61ebc0538b459d/html5/thumbnails/13.jpg)
CLOUD SOFTWARE DELIVERY• Available anywhere on any device through an internet browser
• No software installation
• No hardware costs
• No extra cost to maintain or upgrade software
• Limited IT expertise required to maintain
![Page 14: Cloud Accounting](https://reader030.vdocuments.site/reader030/viewer/2022032504/55c3cf8dbb61ebc0538b459d/html5/thumbnails/14.jpg)
CLOUD SERVICE MODELS
SAAS – Software as a Service• Applications that are developed for specific needs• No client installation
‒ Access with a web browser• Subscription Pricing (Pricing Model)• Multi-Tenant• Examples
‒ Intacct, Netsuite, Salesforce.com, Zendesk, Office 365, Google Apps
![Page 15: Cloud Accounting](https://reader030.vdocuments.site/reader030/viewer/2022032504/55c3cf8dbb61ebc0538b459d/html5/thumbnails/15.jpg)
CLOUD SERVICE MODELS
PAAS – Platform as a Service• Cloud Providers provide a platform for deploying and developing
solutions• Usually scales as needed based on users• Examples
‒ Microsoft Azure, Force.com
![Page 16: Cloud Accounting](https://reader030.vdocuments.site/reader030/viewer/2022032504/55c3cf8dbb61ebc0538b459d/html5/thumbnails/16.jpg)
CLOUD SERVICE MODELS
IAAS – Infrastructure as a Service• Servers and infrastructure provided for a monthly fee• Large pools of virtual servers in data centers• “Hosted” applications• Applications are not multi-tenant• Examples
‒ Rackspace, Amazon, Microsoft Azure, HP Cloud, Navisite
![Page 17: Cloud Accounting](https://reader030.vdocuments.site/reader030/viewer/2022032504/55c3cf8dbb61ebc0538b459d/html5/thumbnails/17.jpg)
CLOUD VS. ON-PREMISE
CloudLimited IT Resources required
Accessed via internet or mobile device
Software is not owned but paid for through subscription
Updates occur often as much as 4-8 times a year
Traditional On-PremiseOn-site IT resources including backups
Accessed via client server for local users and Citrix or terminal server for remote
Software is owned and a annual maintenance is paid
Updates are every 12 – 24 months
![Page 18: Cloud Accounting](https://reader030.vdocuments.site/reader030/viewer/2022032504/55c3cf8dbb61ebc0538b459d/html5/thumbnails/18.jpg)
ADVANTAGES OF CLOUD COMPUTINGAffordability• No large upfront investment• Try before you buy• Pay as you go and grow
Continuous Innovation• Modern user interface• Updates are continuous
IT infrastructure • Allows you to focus on your core competencies• Less total cost of ownership• Security/Redundancy and Disaster Recovery built in that most companies cannot afford on-premise
![Page 19: Cloud Accounting](https://reader030.vdocuments.site/reader030/viewer/2022032504/55c3cf8dbb61ebc0538b459d/html5/thumbnails/19.jpg)
ADVANTAGES OF CLOUD COMPUTINGCollaboration• Many Cloud applications facilitate collaboration
Positioned for growth• Allows employees to work anywhere easily• Costs rise as you grow, no need to build infrastructure for planned growth
Best of Breed approach to systems• Allows you to leverage the best application for each of your unique business processes
Integration• Integrations are pre-built for leading cloud applications using Web services
![Page 20: Cloud Accounting](https://reader030.vdocuments.site/reader030/viewer/2022032504/55c3cf8dbb61ebc0538b459d/html5/thumbnails/20.jpg)
ADVANTAGES OF CLOUD ACCOUNTING• Key data can be accessed anytime with any device on any platform• Changes in accounting procedures or requirements can be updated
instantly• Information is always available• “What if” analysis is easier• Focus on what you do well, not IT infrastructure
![Page 21: Cloud Accounting](https://reader030.vdocuments.site/reader030/viewer/2022032504/55c3cf8dbb61ebc0538b459d/html5/thumbnails/21.jpg)
CLOUD ACCOUNTING DEMONSTRATION
![Page 22: Cloud Accounting](https://reader030.vdocuments.site/reader030/viewer/2022032504/55c3cf8dbb61ebc0538b459d/html5/thumbnails/22.jpg)
INTACCT• Best in class Financials• Preferred Provider of Financial Solutions by AICPA• Recommended by Intuit as preferred Quickbooks replacement
solution• True “Cloud” solution-Multi-Tenant
![Page 23: Cloud Accounting](https://reader030.vdocuments.site/reader030/viewer/2022032504/55c3cf8dbb61ebc0538b459d/html5/thumbnails/23.jpg)
INTACCT FEATURES
![Page 24: Cloud Accounting](https://reader030.vdocuments.site/reader030/viewer/2022032504/55c3cf8dbb61ebc0538b459d/html5/thumbnails/24.jpg)
QUESTIONS & ANSWERS
Greg Lowe, Partner/COOMcKonly & [email protected]
Mike Yeager, PresidentCargas [email protected]