The document discusses the benefits of cloud financials and business process outsourcing for finance and accounting. It outlines how cloud computing enables cost sharing and collaboration for business process outsourcers working with multiple clients. Outsourcing allows companies to focus on their core business while gaining expertise, process excellence, timely reporting, and a better overall cost structure from outsourcers.

1. Cloud Financials Lunch and Learn
Benefits of Cloud Financials
The benefits of cloud financials
Streamline and automate administrative processes and reduce transaction costs.
Ephor Group, LLC | www.EphorGroup.com | 713.401.9643
Charles Bedard

2. Cloud Financials Lunch and Learn
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.
Ephor Group, LLC | www.EphorGroup.com | 713.401.9643
Charles Bedard

3. Cloud Financials
Peyton Burch – Intacct Corporation
May 16, 2012 – Post Oak Grill, Houston

4. The Cloud Impacts All of Us Both as
Consumers and in Business
2

5. And Now Also for Business Applications
Use the Cloud Anytime, Anywhere via any Web Browser
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3

6. Software as a Service – Run your Business
Applications in the Cloud
 Cloud computing is a broad term
e co pass g eve yt g o
encompassing everything from B2C C
services to infrastructure
 Software as a Service is a subset of
cloud computing focused on
enterprise business applications
− Mature, high function applications
− Flexible to configure and integrate
− World class operations and
maintenance
−SSupport and service l
t d i level agreements
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− Vastly better economics
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7. Cloud Computing vs. On-Premises Model
 Subscription-based pricing model Ongoing Cost Comparison
- Pay only for what you need On Premises
On-Premises Cloud Based
Cloud-Based
− “We know we need to earn your
business every year”
 Higher ROI and faster payback
− Save time with automated and
streamlined processes
− Higher employee productivity
• Ongoing IT workload • Subscription fee
− Real time visibility
• Fixes, Patches • Training
− Anytime, anywhere access • Maintenance & upgrades: • Configuration
• Hardware • Security
− No IT infrastructure and on-going • Network • Database
operational costs • Downtime
• Performance tuning
− No additional upgrades costs • Rewrite customizations
− Continuous product innovation • Rewrite integrations
• Upgrade dependent
− Industrial-grade infrastructure with applications
guaranteed service levels and • Disaster recovery
operational excellence
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8. Cloud Computing Turns Capex into Opex
On-Premises Model Cloud Model
Upfront License Fees Pay for what you use
18+% Annual Maintenance Included
Fee
Customer Bears All IT Vendor’s Problem
Costs & Risk
18-24 Month Release Quarterly Innovation
Cycles
Customer Bears All Vendor Handles
Upgrade Costs & Risk
“Ship and Forget”
p g Vendor Accountable
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9. Security, Infrastructure & Operations
Cloud 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 systems
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− 24x7x365 operations on three
continents
− SunGard disaster recovery center
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− Redundant hardware and
networking
− Continuous backups
C p
− Automatic upgrades
− SAS 70 type II audited
 Possible because costs are spread
across thousands of organizations
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10. Thank You!
Peyton Burch
pburch@intacct.com

11. Benefits of Business
Process Outsourcing to
Finance & Accounting
Marcus Wagner - A tT
M W AcctTwo
May 16, 2012 – Post Oak Grill - Houston
© Copyright 2012 AcctTwo Shared Services, LLC · AcctTwo is not a CPA Firm

12. Cloud Computing Enables BPO
• Multi-tenant architecture supports single
Multi tenant
business process outsourcer (BPO) working
with multiple clients
• Software and IT cost sharing across clients
and economies of scale
• Cloud SaaS model f facilitates collaboration
between BPO and client in a single system
across multiple locations
• On-demand pricing and deployment
facilitates scalability and adaptability as
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client needs evolve
© Copyright 2012 AcctTwo Shared Services, LLC · AcctTwo is not a CPA Firm 2

13. Eliminates Distractions
• BPO clients focus on their core
competencies
• Avoid distractions such as:
– Managing accounting and back office
personnel
– Dealing with turnover and employee
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issues
– Delays in completion of financial and
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management reports
© Copyright 2012 AcctTwo Shared Services, LLC · AcctTwo is not a CPA Firm 3

14. Shared Services
• BPO functional teams serve multiple clients
– Accounts payable
– Billing and accounts receivable
g
– 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 own
• Process excellence, automation
• Access to more sophisticated ERP
p
technology
© Copyright 2012 AcctTwo Shared Services, LLC · AcctTwo is not a CPA Firm 4

15. Better Cost Structure
• Transaction based or outcome based
Transaction-based 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
© Copyright 2012 AcctTwo Shared Services, LLC · AcctTwo is not a CPA Firm 5

16. More Timely & Accurate Reporting
• BPO Service Level Agreements (SLAs)
can include transaction processing
turnaround times time to close books
times,
• Use of sophisticated technology and
process best practices to ensure timely
reconciliations and controls
• R l ti
Real-time reports and key performance
t dk f
indicators (KPIs) vs. monthly or
quarterly look back
look-back
© Copyright 2012 AcctTwo Shared Services, LLC · AcctTwo is not a CPA Firm 6

17. Contact Information
John Silver
Director of Marketing and Business
Development
jsilver@accttwo.com
713-744-8404
Marcus Wagner
Chief Executive Officer
mwagner@accttwo.com
713-744-8401
713 744 8401
© Copyright 2012 AcctTwo Shared Services, LLC · AcctTwo is not a CPA Firm 7