Tired of everyone telling you that you need to modernize your accounting operations, but not telling you how to actually do it? Attend this non-technical, but technology-focused session to actually work through creating an innovation strategy and developing a plan for modernizing the way you provide accounting services with the latest accounting technologies.
Learn to revamp your firm or finance department’s service offerings to reduce cost and reduce your staff’s workload, while allowing your staff to focus on more value-added areas like financial planning & analysis and decision support. While automation technologies come with some cost, they greatly reduce manual labor and risk of error when integrated well. By providing more holistic services to your “clients”, you can help them improve their overall performance and better position yourself to be a trusted advisor.
This session will empower you to:
• Understand how to select your accounting apps and develop your innovation strategy
• Develop your “intraprise architecture” and use it to visualize the changes to your firm’s or accounting department’s operations
• Obtain insight into the skills and knowledge you will need to build in your staff to maintain your team’s relevance and improve the services you provide
5. Donny C. Shimamoto, CPA/CITP, CGMA
Donny is the founder and managing director of IntrapriseTechKnowlogies LLC, an
advisory-focused CPA firm focused on innovation acceleration and organizational
development for small businesses, middle market organizations, and nonprofits.
Donny is a recognized thought leader and educator in the fields of accounting
technology, IT risk management, and performance management. His dedication to
helping accountants and organizations strategically leverage technology while
proactively managing their business and technical risk is paramount.
Donny also serves as an business transformation advisor and outsourced “IT partner”
for local & regional firms, finance departments, and internal audit departments who
lack in-house IT executive leadership and IT audit expertise; He helps with risk
assessments, IT-related advisory services, development of innovation strategies,
streamlining of internal firm/department operations, and increasing staff proficiency
with IT tools supporting internal operations and accounting/audit services delivery.
Donny is a past chairman of the AICPA’s Information Management and Technology
Assurance Executive Committee, and former member of its Governing Council,
Assurance Services Executive Committee, and numerous other AICPA committees and
task forces. Donny was recognized as one of the Top Thought Leaders in Public
Accounting by CPA Practice Advisor from 2012 to 2021, Top 100 Most Influential
People in Accounting (2013/2014/2017-2020) by Accounting Today, received the
2009-2010 President’s Award from the Hawaii Society of CPAs, was named to CPA
Technology Advisor’s 40 Under 40 list in 2007 & 2009 & 2014, and was also a Hawaii
Top High Tech Leader in 2004. 5
Managing Director
IntrapriseTechKnowlogies
donny@intraprise.us
(628) 222-3511
Facebook/Instagram/
LinkedIn/Twitter:
@donnyitk
Blog:
www.donnyitk.com
6. Audience Polls – Demographics
Organization Type/Size
– Solo Practitioner
– Small Firm (2-10 people)
– Medium Firm (11-40 people)
– Large Firm (41+ people)
– Business & Industry
Role in Organization
– Lead Executive
– Executive Leadership
– Dept Director/Manager
– Dept Staff
– Consultant / Vendor
Primary Area of Practice
– Admin / Practice Mgmt
– Audit / Assurance
– Consulting (non-Audit/Tax)
– Financial Reporting /
Accounting
– Tax & Financial Reporting
Audience Polls
Choose one from
each set of options
that best matches
how you view your
organization and
your role at work.
7. Creating an Innovation Strategy for Your Firm
Selecting Your Information Systems
Optimizing Your Accounting Solutions
– Developing Your Enterprise Architecture
– Understanding Integration & Customization
7
8. • Your Mission, IT Strategy, Information Needs, and Information
Architecture drive your Information Systems selection.
• Each element of the Information Architecture has different
types of systems supporting it; some systems support multiple
elements.
Selecting Your
Information Systems
8
10. A shift is required in the Sustainable Value Chain of
organizational competencies
Historically orgs could be very operationally driven. As
the need for differentiation and impact increases, orgs
must be more strategic to be sustainable and achieve
their mission
Mission,
business
strategy,
and
constituent
needs
Brand, values
and
organization
positioning
Develop
service
offerings and
value/benefit
proposition
Obtain
customers
and source
resources
Deliver
services
and
measure
impact
Constituent
satisfaction
and
retention
Information Systems Selection Criteria
10
Adapted from: CIMA’s Sustainable Value Chain of Organizational Competencies
Operations driven
Mission/strategy driven impact
13. Information Systems Strategy
Deep functionality vs. broad functionality
13
General Ledger
Sales Orders Billing
Accounts
Receivable
Cash
Receipts
Customer
Relationship
Management
(CRM)
Customer Portal
Online
Payments: ACH
and Merchant
Services
Professional
Services
Automation
(PSA):
time &
attendance,
job costing,
utilization
analysis, etc.
15. • The “accounting system” is no longer just one software (the
general ledger)
• There are many specialized solutions that can be integrated
with the general ledger with both broad and specific
application
Optimizing Your Accounting
Solutions
15
16. • How you process transactions and measure the execution of
programs is important
• Use an Enterprise Architecture model to visualize the
processing of information
Developing Your
Enterprise Architecture
16
17. Understanding the Processing of Info
Use an Enterprise Architecture model to
understand the processing of information
17
General
Ledger
GL
Budgeting &
Forecasting
CPM
Accounts
Payable
e-AP
Cash
Disbursements
e-AP GL
Corporate
Expense
Reporting
P-Card
Contract
Administration
PTM
Program
Operations
varies
Board
Oversight
ExtNet
Program
Collaboration
CPortal
Operational
Reporting
ODS
Budget
Budget & Forecasts
Plan
Estimates & Intentions
Soft Commitments
Hard Commitments
Cash Flow Projections
Actual
Expenditures
Performance Management
Financial
Budget
Corporate Strategic Plan Goals &
Targets
Program Strategic Plan Goals &
Targets
Plan
Program Goals & Targets
Contract Goals & Targets
Other Quantitative Targets
Actual
Actual performance measures
Actual outcomes measures
Non-Financial
Management
Oversight
Intranet
Document
Management
DMS
CPM
Commitments
Management
CPM
Employee
Expense
Reporting
e-Exp
Timekeeping
Quality
Assurance
varies
GL
Constituent
Management
CRM
Program
Management
PTM
Payroll
PR
Human Resources
varies
T&A
e-Exp
HR
Administration
HR
Programs
varies
varies
Financial
Reporting
GL
GL
CPM
Accounting
18. Understanding the Processing of Info
Capture major operational processes (rectangles), supporting
systems (cylinders) and flow of data (arrows)
18
19. Understanding the Processing of Info
Look at management needs, including the non-financial
information needed to improve program management and
achieving of outcomes/impact
19
20. Understanding the Processing of Info
Obtain an understanding of the flow of information needed
to optimize the organization’s performance
20
21. Using the Enterprise Architecture
An Enterprise Architecture model allows you to
see the entire org on one page
– Use it to analyze the current state of the org
– Use it to visualize the future state of the org
Identify the functional needs of the org and the
systems supporting those needs
– Identify which areas may not be optimized or have
additional complexity
– Assess the impact of any information system changes
to business processes and info flow
21
24. • Integration is increasingly becoming a Must-Have
• Customization is increasing becoming taboo—but it’s
also becoming easier
Understanding Integration and
Customization
24
30. Donny C. Shimamoto, CPA/CITP, CGMA
IntrapriseTechKnowlogies LLC
email: donny@intraprise.us
voice: (808) 735-8324
twitter: @donnyitk
Blog: www.donnyitk.com
Thank you for your attention
and participation!
