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Evaluating Cloud Accounting Software

FINANCIAL AP FORCE COM The Cloud Applications Company Evaluating Cloud Accounting software by Brian Sommer, founder of Vital Analysis. Sponsored & distributed by FinancialForce.com THE PROCESS EVALUATION 1 2 PREPARATION •Software Demonstration •Decision Making •Selection Process •Short Listing WORK BACKGROUND •Getting Organized •Macro Selection Concerns 4 WORK APPROVAL •Selling the decision (O WHAT THE GUIDE WILL DO Help your organization get productive quickly Condense the best ideas in accounting system selection into one easy-to-read publication Accelerate your selection team's learning curve Define and structure the vendor selection process Address many of the issues the selection team will encounter i Provide practical guidance to choosing the right solution Make sure you are more self sufficient and successful Do You Need a New Financial Accounting System? Overall, there are major categories of change that drive ERP software purchases. BUSINESS COMBINATION driven decisions BUSINESS TECHNOLOGY CORPORATE VENDOR driven decisions driven decisions decisions decisions 1 Getting organized BACKGROUND Your evaluation team size should be commensurate with the size and complexity of your organization. The core selection team will likely contain senior executives from: Finance Procurement Legal Operations IT PREPARATION The Evolving Software Selection Process Software selection activities have evolved over the years. Key advice: Avoid a non-value added replacement Find full process support Evaluate the platform as much as the application Make flexibility a priority Focus on the organization of tomorrow Make accounting a real partner in the organization 3 Evaluation phase - the software 'demo' EVALUATION In the cloud world, you don't need to call in the vendor straight away... STEP STEP STEP 3 Then call in the vendors Document what you Get very familiar via online resources STEP saw Consider a free trial Review Platform & Integration 4 Contract issues.. APPROVAL Service level agreement Exit strategy (what happens to your data if you do not renew) Liability issues Performance requirements Don't forget... Plus... systems outages access to systems and data for auditors, regulators and other third parties error resolution dispute resolution process improvements etc. www.financialforce.com/eval-guide THESE ARE: FINANCIAL AP FORCE COM The Cloud Applications Company Evaluating Cloud Accounting software by Brian Sommer, founder of Vital Analysis. Sponsored & distributed by FinancialForce.com THE PROCESS EVALUATION 1 2 PREPARATION •Software Demonstration •Decision Making •Selection Process •Short Listing WORK BACKGROUND •Getting Organized •Macro Selection Concerns 4 WORK APPROVAL •Selling the decision (O WHAT THE GUIDE WILL DO Help your organization get productive quickly Condense the best ideas in accounting system selection into one easy-to-read publication Accelerate your selection team's learning curve Define and structure the vendor selection process Address many of the issues the selection team will encounter i Provide practical guidance to choosing the right solution Make sure you are more self sufficient and successful Do You Need a New Financial Accounting System? Overall, there are major categories of change that drive ERP software purchases. BUSINESS COMBINATION driven decisions BUSINESS TECHNOLOGY CORPORATE VENDOR driven decisions driven decisions decisions decisions 1 Getting organized BACKGROUND Your evaluation team size should be commensurate with the size and complexity of your organization. The core selection team will likely contain senior executives from: Finance Procurement Legal Operations IT PREPARATION The Evolving Software Selection Process Software selection activities have evolved over the years. Key advice: Avoid a non-value added replacement Find full process support Evaluate the platform as much as the application Make flexibility a priority Focus on the organization of tomorrow Make accounting a real partner in the organization 3 Evaluation phase - the software 'demo' EVALUATION In the cloud world, you don't need to call in the vendor straight away... STEP STEP STEP 3 Then call in the vendors Document what you Get very familiar via online resources STEP saw Consider a free trial Review Platform & Integration 4 Contract issues.. APPROVAL Service level agreement Exit strategy (what happens to your data if you do not renew) Liability issues Performance requirements Don't forget... Plus... systems outages access to systems and data for auditors, regulators and other third parties error resolution dispute resolution process improvements etc. www.financialforce.com/eval-guide THESE ARE:

Evaluating Cloud Accounting Software

shared by genebernice on May 25
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These days, the newest and most efficient financial accounting solutions are now powered by cloud technology. Why? Because cloud-based applications deliver higher return on investment, real-time, mult...

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