A CFO Story: When It's Time to Upgrade Financial Systems & Do it Right - Hello Cloud Accounting

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Video & Slides: http://www.proformative.com/events/cfo-story-when-its-time-upgrade-financial-systems-do-it-right-hello-cloud-accounting There's no denying a CFO's job continues to become increasingly complex. The last thing that the office of the CFO needs is accounting and financial systems that fail to address critical business needs including compliance issues, an effective financial close process, complex business processes, and company growth. How do you know when it's the right time to upgrade your financial systems? How do you accurately assess your company's current and future needs, and find the right solution in the new age of cloud computing?

Business Économie & finance

THE RESOURCE FOR CORPORATE FINANCE, ACCOUNTING & TREASURY PROFESSIONALS

When It’s Time to Upgrade
Financial Systems & Do it Right
Tom Brennan, VP of Marketing, FinancialForce.com
Scott Travasos, CFO, Blue Shield of CA Foundation

5 Reasons Why People Change Systems

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Business Driven Decisions To Change
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Technology Driven Decisions To Change
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Corporate & Business Combination Driven
Decisions To Change
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Vendor Driven Decision To Change
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I knew it was time to upgrade

Separate
Systems

Outdated
Systems and
Processes

No Control
over Data
Manipulation

Weak Internal
Communications

Multi-tenant vs Single-tenant vs On-Premises

Advantages of finance in the cloud
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Social Users Exceed Email Users

Source: Comscore, June 2011

“The expectation now is that the tools people use at work are
as easy and as fun as the ones they use in their personal life”
(David Stein – CEO Rypple)

Social Media can…
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Life in the Finance Dept Before
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Life in the Finance Dept After

• Customer interaction data
readily available to Finance
• Finance Department spends
less time emailing
• Finance and Other
Departments relationship
more collaborative
• Less Work! Employees
outside of finance can see
data

It Has Transformed my Job as a CFO
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29

Please join us at www.proformative.com to ask any
additional questions you may have and to continue this
conversation with your peers and the experts you heard
from today.
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A CFO Story: When It's Time to Upgrade Financial Systems & Do it Right - Hello Cloud Accounting

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