Cloud-based accounting solutions provide numerous benefits over traditional on-premise systems such as reduced total cost of ownership, improved scalability and flexibility, and enhanced data security. Quatrro has developed an innovative platform-based accounting model built on cloud concepts like multitenancy and skill-based routing to deliver affordable accounting solutions to small and medium businesses. Their solution automates key accounting functions through a client portal and centralized platform to improve efficiency while reducing costs and onboarding timelines.
This document discusses the benefits of using an integrated software suite versus multiple disparate applications to run a business. It argues that as a business grows, using multiple applications leads to inefficiencies like non-value added activities from manual data entry, a lack of real-time visibility across departments, high integration and maintenance costs, and increased customer churn. An integrated suite provides process efficiencies, real-time visibility and reporting, significant IT cost savings, and allows for accelerated growth. Case studies are presented that demonstrate reductions in order processing times, inventory levels, and financial reporting times from companies that switched to an integrated suite.
The document provides a roadmap for successfully migrating applications to public cloud services. It outlines 6 key steps: 1) Assess applications and workloads for cloud readiness, 2) Build a business case, 3) Develop a technical approach, 4) Adopt a flexible integration model, 5) Address security and privacy requirements, and 6) Manage the migration. Each step provides guidance on important considerations and best practices for a strategic application migration to public cloud computing.
This document discusses the benefits and risks of using cloud-based Enterprise Performance Management (EPM) applications versus traditional on-premise EPM solutions. It notes that cloud-based EPM offers lower costs, easier implementation and maintenance, but may have limitations for companies with complex accounting needs or large user bases. A hybrid approach combining cloud and on-premise solutions is presented as an option for some companies. Factors for companies to consider in determining whether cloud, on-premise, or a hybrid approach is best for their needs are provided.
This document provides an overview of key things to look for in an agency management system and questions to ask potential providers. It outlines 9 important capabilities, such as paperless workflow, cloud storage, data synchronization, and mobile access. It also lists 4 types of questions to ask providers regarding their service, innovation, training and support, and affordability. The document emphasizes finding a system that meets an agency's needs and a provider committed to customer success.
SaaS (Software as a Service) offers potential cost savings over traditional on-premise software by reducing upfront costs, ongoing maintenance and support costs, and providing more flexibility. However, organizations need to carefully calculate the TCO (total cost of ownership) and ROI (return on investment) of moving applications to SaaS. This requires considering various costs like subscriptions, setup, customization, as well as potential benefits like scalability, reduced IT workload, and vendor accountability. Performing a thorough analysis can help organizations determine if and how SaaS makes economic sense for their needs.
Digital Fuel- IT Financial Management Optimize virtualizationcostvisibility-u...yisbat
The document discusses setting priorities for virtualization projects. It recommends prioritizing servers based on inefficient hardware utilization, wasted capacity, anticipated business usage, and frequent changes rather than targeting most expensive hardware alone. Tracking actual costs and utilization data helps set optimal priorities to achieve projected savings. Once virtualized, costs must be allocated to applications and business units, which ServiceFlow can help with using virtual machine usage metrics and expense records.
Traditional outsourcing lacks the flexibility and agility today’s organizations require to obtain data-driven business intelligence that provides a clear, comprehensive view of their operations. Cloudsourcing is a newer, more nimble model that has emerged to fill the gap. This whitepaper, authored by industry-leading experts at OneSource Virtual, explores opportunities available through cloudsourcing and Software as a Service (SaaS).
MasterCard Optimizes Big Data Management with BMC High Speed Utilities for DB2® BMC Software
Global payment industry leader MasterCard operates the world’s fastest payment processing network, employing 11,300 people. Kate Kavanaugh, senior data engineer at MasterCard, explains how her team implemented BMC High Speed Utilities for DB2 to effectively handle the increasing amounts of data for her IBM® DB2® environment. High Speed Utilities for DB2 with Next Generation Technology handles a wide range of data management tasks more efficiently without taxing DB2 resources. In addition, the utilities offer full availability, even while performing maintenance reorganization. To learn more about High Speed Utilities for DB2, please visit http://www.bmc.com/it-solutions/high-speed-utilities-db2.html.
About BMC
BMC is a global leader in innovative software solutions that help businesses transform into digital enterprises for the ultimate competitive advantage. Our Digital Enterprise Management solutions are designed to make digital business fast, seamless, and optimized from mainframe to mobile to cloud and beyond. BMC digital IT transforms 82% of the Fortune 500 and serves more than 10,000 customers worldwide. Learn more at www.bmc.com.
This document discusses improving customer satisfaction and call resolution rates through a Landing Page and Case Management system. It proposes developing a Windows application using MVVM architecture with a SQL Server database. The Landing Page would provide agents a dashboard of customer information to simplify initial call handling. Case Management aims to streamline the case logging process. Implementing this system using technologies like Salesforce, Microsoft Dynamics CRM, and an agent desktop could reduce call volumes and improve first time resolution by enhancing agent efficiency. The system has potential to be expanded further with features like chatbots in the future.
Business Drivers For It Simplification PowerPoint Presentation SlidesSlideTeam
This PPT deck displays thirty three slides with in depth research. Our Business Drivers For It Simplification PowerPoint Presentation Slides presentation deck is a helpful tool to plan, prepare, document and analyse the topic with a clear approach. We provide a ready to use deck with all sorts of relevant topics subtopics templates, charts and graphs, overviews, analysis templates. Outline all the important aspects without any hassle. It showcases of all kind of editable templates infographics for an inclusive and comprehensive Business Drivers For It Simplification PowerPoint Presentation Slides presentation. Professionals, managers, individual and team involved in any company organization from any field can use them as per requirement. http://bit.ly/3blwuP0
BizConnect is an ERP solution for small and medium enterprises developed by Invictus Consulting. It integrates various business processes like financial accounting, procurement, inventory management, and HR & payroll. The solution runs on a three-tier architecture with a centralized database for data storage. It provides features like process automation, integration of different modules, and real-time data and reporting. Implementing BizConnect can improve business performance, productivity, and profitability for SMEs.
Capacity Optimisation: Use what you have. Buy what you need: Jim Waring, BMC ...BMC Software
Do you know which resources you already own are actually being used? How do you know what additional resources you need? Before you can plan and budget for additional infrastructure resources, you need to know what you have, what you are using, and how well your IT services are running on those existing resources.
This presentation will discuss how you can cost-effectively right-size your IT infrastructure to meet the changing needs of your business.
The document discusses the future of workload automation in the application economy. It describes how workload automation solutions need to evolve from basic job scheduling to dynamic service delivery across physical, virtual, and cloud environments. The document also outlines several capabilities that CA Workload Automation is developing to provide greater simplicity, visibility, and agility for managing workloads across distributed enterprise environments.
Are your clients asking you about the costs and benefits of cloud based accounting and financial management systems? Are they asking you about the risks of cloud computing? Are you curious to know why there is so much buzz about the cloud?
As a trusted advisor, it is your responsibility to be informed about available (and exceptional) accounting and financial management software options. So, have you informed your client-base about the power of the cloud? Have you shared the rewards and possible risks of cloud computing? What, exactly, do they need to know to make the best financial decision for their organizations? This webcast will provide you with the nuts and bolts of cloud computing so you will be better able to answer your client’s questions.
In this webcast you will learn:
How to evaluate the available cloud options provided by various software vendors.
How cloud accounting complies with Section 404 of Sarbanes-Oxley?
Why cloud computing is relevant to CPAs in public practice?
What are the cost saving opportunities that arise from cloud computing.
The document discusses the implementation of an Enterprise Resource Planning (ERP) system called SAP at Delhi Metro Rail Corporation (DMRC) in India. Key points:
1) SAP ERP was implemented at DMRC in November 2002 to integrate various business functions like finance, human resources, project management into a centralized system for improved efficiency.
2) The SAP implementation was a joint project between SAP India and Siemens Information Systems. It consolidated operations from multiple departments into a single system.
3) By automating processes and providing real-time data access, the ERP system aimed to streamline operations, reduce manual delays, and allow DMRC to focus on its core business of developing metro
The document presents IBM's framework of four priorities for organizations to enhance their virtualized infrastructure and maximize business value:
1) Consolidate resources by virtualizing servers to increase utilization and reduce costs.
2) Manage workloads with centralized tools to track status, perform tasks, and ensure service level agreements are met.
3) Automate processes like provisioning and disaster recovery to improve efficiency, speed, and consistency of responses.
4) Optimize service delivery by enabling business users to directly create new services over the web using virtual infrastructure like cloud computing.
Evolution of the Paperless Accounts Payable Department - BancTecJone Smith
The document discusses the evolution towards a paperless accounts payable (AP) department through the implementation of a paperless invoice processing hub. It recommends establishing a shared services center as the hub and implementing multiple technologies as spokes, including electronic data interchange, scanning and data capture, electronic invoicing networks, and evaluated receipt settlement to streamline the purchase-to-pay process and reduce paper transactions and manual processing. Workflow software is identified as a key foundational technology to route electronic transactions and exceptions. The goal is to achieve a high level of automation through a combination of technologies to lower costs and improve payment terms by speeding up the invoice approval process.
A Sysphera é uma empresa latino-americana especializada no desenvolvimento e manutenção de soluções de software focadas no planejamento e controle das operações financeiras, regulatórias e operacionais das empresas. Estes processos de negócio estão inseridos dentro do conceito de Comprehensive Performance Management, em maior ou menor grau.
Date diseases A Lecture By Allah Dad Khan to ToT (FFS) KPK ,MINFALMr.Allah Dad Khan
This document discusses several date palm diseases, including their symptoms, causes, and management strategies. Bayoud disease is caused by a fungus and spreads through soil, affecting Morocco and Algeria. Dothiorella causes browning of palm tissues and fruiting bodies. Pink rot is caused by Gliocladium vermoeseni fungus and enters through wounds. Graphiola leaf spot causes small leaf spots and is controlled with fungicides. Lethal yellowing is caused by a phytoplasma transmitted by planthoppers and can be reduced with antibiotic injections.
The document provides a draft programme for the ITS Workshop in Bordeaux 2015, which is associated with the 22nd ITS World Congress on October 7, 2015. The workshop will feature several panel discussions on topics related to intelligent transportation systems and sustainable mobility. The programme includes panels on the impact of ITS on sustainable mobility and expectations for the future, how ITS can support sustainability from environmental and road safety perspectives, and new services and innovations in mobility. Speakers will represent government agencies and universities from France, China, the UK, and international organizations such as the UN.
This document appears to be a student assignment containing a student ID number, student name, course name, and date submitted. It was created by John Cooper III for his Fundamentals of Financial Accounting course and submitted on October 2, 2016.
The document provides information on the Champ NFMV Series floodlight, including that it offers exceptional indoor and outdoor illumination for industrial areas. It has a full frame trunnion mounting bracket, is suitable for 55°C and 65°C ambient air, and is Zone 2 rated. It provides energy efficient lighting with optimal light output and distribution using various HID light sources from 175-400W.
THE SWARM at MEX10: Tell Me a Story: Mobile & StorytellingTHE SWARM
The document discusses how mobile technologies can be used to tell stories and engage audiences. It provides examples of interactive SMS stories and mobile games that allow users to participate in the story. The document also predicts future trends in mobile storytelling, including the use of location data, transparent displays, new types of wearable devices, and second screens for social sharing. It envisions stories that immerse users by integrating the real world environment and enabling new forms of interactive participation.
Data-driven wildfire spread modeling - Extension to cases with complex terrai...Mélanie Rochoux
This talk presents the FIREFLY data-driven wildfire simulator capable of forecasting wildfire spread behavior over complex terrain topography. The fire propagation is represented by time-evolving two-dimensional fronts along the horizontal plane in order to remain consistent with the formulation of the PE-/SE-based EnKF algorithms that were initially developed for flat terrain configuration.
Reference published in 2014
➞ M.C. Rochoux, C. Emery, S. Ricci, B. Cuenot & A. Trouvé: Comparative study of parameter estimation and state estimation approaches in data-driven wildfire spread modeling, Advances in Forest Fire Research, Imprensa da Universidade de Coimbra, Viegas, Domingo Xavier (ed.), doi: 10.14195/978-989-26-0884-6, presented at VII International Conference on Forest Fire Research, Coimbra (Portugal), 14-20 November, 2014.
As with many industries, the essential tools required by most accountants vary depending on the needs of their clients. This makes having computer software versatile enough to fit the needs of both small businesses as well as larger corporations crucial for any certified public accountant.
Looking for unparalleled financial efficiency and flexibility? Explore the transformative potential of our Cloud Accounting Services, designed to streamline your business finances and elevate your operations to new heights. Unlock a world of accessibility, collaboration, and scalability, all tailored to optimize your financial management and drive sustained success. Visit our website and experience the future of accounting solutions today!
Netmagic stresses on how switching to the cloud allows organizations to meet their changing needs and goals without large capital or time investments. Read more here!
Evaluating the ROI of cloud-based solutions versus on-premise software can sometimes feel a bit like comparing apples to oranges. This white paper provides an overview of the costs and savings associated with a migration to a cloud-based model, including:
- Access differences
- Hardware costs
- Ongoing maintenance, security and support
- IT staffing levels
In the last few years, the cloud has been steadily revolutionizing software delivery to corporate end-users
across multiple industries, ranging from banking to Customer Relationship Management (CRM). The
accounting profession is no exception.
Beyond Cost Savings: Driving Business Value from the Cloud Through XaaSCognizant
By using the cloud for analytics services and other run-the-business capabilities, organizations can move quickly into new markets and free capital for innovation initiatives.
As banks adapt to market changes and new technology landscapes, cloud computing is playing a major role, providing alternative ways to access to core banking technology.
When your basic accounting needs are no longer met by the limitations of QuickBooks, it’s time to upgrade to Intacct, the cloud-based, best in class, financial management software. Intacct scales with your business, automates your processes, and integrates with your other applications.
Why are Businesses Leaving QuickBooks for Intacct?
Intacct Improves Your Speed and Efficiency
With QuickBooks you often end up spending hours completing manual tasks to compensate for the way it works. Intacct eliminates this unneeded costly time investment by automating time-consuming processes, such as multi-entity/multi-location close and reporting, multi-currency management, revenue recognition, project accounting, and billing. You’ll discover that you have more time to focus on growing your business.
Increased Visibility and Flexibility in Usage.
With Intacct as your cloud-based solution, you can view your financial and operational performance anywhere, anytime. All you need is an Internet browser connection and a smartphone, tablet, or laptop. Intacct’s flexible system lets manage, analyze and summarize information the way you want using pre-defined or custom reports and dashboards.
Intacct Integrates with Other Applications and Eliminates Data Re-entry Time
Intacct integrates with best-in-class applications, such as Salesforce, and works with your other business systems seamlessly. Avoid the headaches of having to re-enter data from other applications into your financial system. When it’s time to upgrade from QuickBooks, Intacct is the best replacement.
Cloud-based Intacct Saves Money and Decreases IT Problems.
Intacct accounting software is cloud-based, allowing you to eliminate hardware costs, software maintenance, and upgrade problems. Intacct also provides industrial strength back-up and disaster recovery so your accounting system is secure. When your IT concerns decrease, your company can spend your time and resources focusing on strategic business goals.
Cloud computing provides two main advantages: flexibility and cost reduction. For companies, the monetary costs or benefits of adopting cloud services depends on factors like company size, existing IT resources, staffing, and technical skills. While large companies previously had an edge, cloud computing now helps level the playing field by reducing barriers for new and small companies.
We have developed a four-part framework to help companies determine organizational areas that could be best served by the cloud. By aligning technology with business strategy and understanding how the organization must adapt, companies can optimize the impact of their cloud investments.
FSM integration to mobile workforce.pdfGenic Teams
It is possible to exchange information instantly through the FSM software and mobile app, including details of work orders, histories of customer repairs, and schedule updates.
Is your business poised for long-term growth?
Which engineers are under-performing?
Are you meeting all of your SLA commitments?
How do you know if your services are priced correctly?
Who is your most profitable client?
Understand your business.
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For more information about Autotask:
Integrated Computer Systems, Inc.
3/F Limketkai Bldg., ortigas Ave., Greenhills, San Juan City 1502 Philippines
Tel: (+63 2) 744 3000 • 727 3801
Fax: (+63 2) 721 4502 • 621 9464
Email: info@ics.com.ph
Website: http://www.ics.com.ph
Digital transformation is crucial for business survival but many companies have failed to transform. Integration is important for digital transformation by connecting business processes for collaboration. Recent trends in enterprise application integration that are helping businesses include switching to cloud-based integration, moving from data-driven to data-centric approaches, and performing analytics on integrated data in real-time. These trends help businesses improve decision making, productivity, and reduce costs through a more integrated digital operation.
Cloud-sourcing provides businesses with a more modern alternative to traditional outsourcing for HR and finance functions. It utilizes a single cloud-based software platform, like Workday, that is accessed by both the client and cloud-sourcing provider. This allows for real-time transparency, flexibility, and control compared to traditional outsourcing which relies on transferring data between separate systems. Cloud-sourcing keeps everything on one platform for a more streamlined, efficient, and cost-effective experience as businesses' needs change over time.
The document discusses 10 key factors driving the rapid adoption of cloud accounting systems over traditional on-premise systems. It summarizes that cloud systems offer lower total costs of ownership, faster implementation speeds between 1-4 months compared to 6-12 months for on-premise, and automatic upgrades behind the scenes with no business disruption. Additionally, cloud systems provide improved scalability, accessibility from any device, increased operational efficiencies through real-time global consolidation, and complete future-proofing as the vendor continuously updates the system.
Whitepaper - 10 Key Factors Driving Rapid Cloud Accounting System AdoptionXledger UK
This whitepaper takes a closer look at what’s driving the rapid adoption of cloud accounting systems and provides an overview of the 10 key factors that are pushing more and more CFO’s into the cloud for accounting and financial management.
Infor CloudSuite Corporate is a cloud-based ERP solution that provides financial management, procurement, human resources management, and analytics capabilities. It aims to help companies modernize their operations with a flexible system, lower costs through a cloud deployment, and free up IT resources. The solution claims to offer security, mobility, and social features as well as out-of-the-box functionality for common business processes. It is presented as a comprehensive alternative to on-premise ERP that can help companies address challenges through an agile and scalable system.
Infor CloudSuite Corporate is a cloud-based ERP solution that provides financial management, procurement, human resources management, and analytics capabilities. It aims to help companies modernize their business operations with a flexible system that offers lower costs than traditional on-premise ERP through benefits like automatic upgrades, mobile access, and reduced IT workload. The solution claims to improve productivity, cost savings, and growth opportunities for organizations through its unified platform.
Commercial risk management and contracting good practice. Digital, automated assistance for you to manage your business
econsys is a SaaS platform hosted on the cloud providing commercial management good practice governance, in-built automated risk management and compliance.
Designed for specialist contracting businesses to control and manage end to end core commercial processes, econsys is built upon the premise of best practice and has been developed to directly address real issues and concerns experienced by real companies.
Gartner created the abbreviation ERP in 1990, which conventionally has been a complicated software containing several incorporated applications to run multifaceted business procedures. ERPs requisite thorough preparation and substantial means to execute, therefore accompanying expenditure and efforts are extraordinary.
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How AI is Disrupting Service Industry More Than Design ThinkingBody of Knowledge
Artificial Intelligence (AI) and Design Thinking are two powerful tools that, when used together, can revolutionize the service industry. By combining these approaches, businesses can develop innovative solutions that enhance customer experience, increase efficiency, and drive growth. Here's how AI and Design Thinking are disrupting the service industry
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Cloud based accounting
1. Cloud-based Accounting:
Next Gen SaaS++ Finance &
Accounting Solution for Small
and Medium Businesses
Executive Summary n Provide audit trails that satisfies regulatory
and compliance requirements
Global market trends have presented fresh n Seamlessly integrates with other
challenges for the CFO that includes optimally applications in the business’ ecosystem
managing and analyzing the business critical
financial information in a cost effective In the past, graduating from premise based
manner. At the same time, the growth of the software solutions meant acquiring a costly
internet has created an increasingly dispersed and complex on-premise software
workforce that must submit key data to a application. These applications entailed a
company’s financial system and ensure real- significant upfront investment, long
time access to the corporate information from deployment cycles, and a cumbersome
anywhere, anytime on a 24 x 7 basis. The business process.
evolved market landscape has created new
Today, a new breed of cloud computing oropportunities for niche as well as managed
platform based solutions have emerged toservice providers to offer innovative cloud-
address business’ real-time financialbased accounting solutions to small and
management needs. This whitepaper aims tomedium business owners with an aim to:
highlight the key trends and benefits
n Automate the end-to-end finance and associated with shifting to cloud-based
accounting life cycle including Order-to- accounting solutions. Further, we will
Cash (O2C), Procure-to-Pay (P2P) and emphasize how service providers can deploy
Record-to-Report (R2R) processes innovative service delivery models to
n Support multiple business entities and on- streamline finance and accounting processes
demand financial consolidation and enjoy benefits beyond mere cost savings.
n Deliver real-time financial and operational
visibility
1Cloud-based Accounting
2. Introduction - Evolving Business
Requirements
Cloud-based Accounting: The ‘Next Gen’
Accounting Solution for Small Businesses
greater ‘auditability’ and ‘traceability’. These
requirements become increasingly important
when companies consider public offerings or
While companies of all sizes must deploy mergers with publicly held companies.
increasingly sophisticated financial Companies need to be able to make prior
management tools and processes to manage period adjustments and easily view the
their corporate operations, small and mid- change history to appease financial auditors
sized companies are particularly challenged to concerned about today’s stricter regulations.
contend with these issues. Many of these
Savvycompanies are either too young or small to be
companies have adopted Customerable to justify the cost and complexities of
Relationship Management (CRM), Salesforcetraditional mid-market on-premise
Automation (SFA) and other powerfulapplications. The Next Gen accounting model
applications to automate and closely trackneeds to take into account the below factors
their customer interactions. Rather thanwhile devising a solution:
having to input or access important customer
data into or from multiple business
As products and services applications, these companies are seeking to
evolve, they need to upgrade their revenue tie together the applications to give their end-
management and billing processes. Today, users and executives a ‘holistic’ view of their
companies need to comply with increasingly customer relationships.
complex revenue recognition guidelines. Most
Manytraditional mid-market accounting systems are
companies seek to give their workforcenot equipped to handle this increased
remote access to their financial managementcomplexity and many organizations are forced
systems. These companies may also want toto resort to a manual process utilizing Excel
share their financial management reports withspreadsheets to manage their revenue
their suppliers or other business partners. Thisrecognition and billing processes. By
means real-time input into their financialleveraging a cloud-based accounting platform
management system and access to centralizedthat enables you to automate these processes,
business data, in a controlled manner thatcompanies benefit significantly in higher
complies with common business processesfinance productivity, faster close processes,
and practices, and offers robust security toand simplified compliance.
protect sensitive financial data.
Many companies are looking to
gain better real-time visibility into their business
and more effectively distribute a consistent set Cloud-based accounting is similar to
of information to all stakeholders. Often, Excel traditional, on-premises, or self-install
or an expensive 3rd party reporting solution accounting systems, with only the accounting
seems to be the only option. By leveraging a software hosted on remote servers, similar to
financial system that incorporates both a multi- the SaaS (Software as a Service) business
dimensional General Ledger and an model. In cloud computing, users access
embedded reporting and analytics engine, software applications remotely through the
companies can more easily analyze real-time internet or other network via a cloud
consolidated and local financial and application service provider. Cloud-based
operating metrics across their business with the accounting solution frees the business from
ability to drill-down in real time to supporting having to install and maintain software on
details. individual desktop computers. It also allows
employees in other departments, whether inIncreasing regulatory and
remote or branch offices, to access the samecompliance requirements, such as Sarbanes-
data and the same version of the software.Oxley and tightening GAAP guidelines, are
forcing many businesses to demonstrate
Software Integration Capabilities:
Automation of Complex Revenue
Management:
Anywhere / Anytime Access:
Real-Time Financial and Operational
Visibility:
Auditability:
2Cloud-based Accounting
3. The Economics of Using Cloud Accounting
Systems
Reduced maintenance costs:
Total Cost of Ownership: Cloud vs. On- Better Data Access Control:
Premise
Flexibility and Scalability:
Enhanced data security:
other forms of continuity, cloud-based systems
significantly reduce the risk of theft, damage
or other issues when compared to on-site, on-
Cloud-based accounting solutions offer premise PCs within a central office.
several advantages over traditional on-site,
on-premise software systems. As opposed to Cloud-based
the more traditional systems, such as systems provide software upgrades that are
Quickbooks, Quicken and Peachtree, cloud- automatically installed, which reduces the
based accounting solutions reduce total cost of need to expend IT resources to install, reinstall
ownership (TCO), improve return-on- or upgrade software programs. Additionally,
investment (ROI), and shorten payback time, because cloud-based software is monitored at
all while delivering other advantages in system a data center, any incompatibility issues have
performance, reporting, and employee already been addressed and resolved before
efficiency. a new program is implemented.
Cloud-based
solutions enable users to access data
remotely. This makes it easier for business
When comparing the TCO of the cloud versus partners, such as auditing firms and
on-premise systems, it may initially appear that outsourcing companies, to access relevant
on-premise solutions provide a more cost- data more quickly. Companies also enjoy a
effective solution. For example, the start-up greater degree of immediate control over data
costs, on average, for software licensing is access when employees leave the company.
about 9% of the total IT expense as opposed to Cloud-based Solutions enable companies to
the initial subscription fee of cloud computing provide limited access to the auditors so that
which can be 68% of the total IT expense. they can access the needed information
However, the cost comparison evens out after
a period of time. Cloud-based
systems offer anytime data access from any
With on-premise software solutions, the computer, which optimizes the systems’
majority of the ongoing costs become visible flexibility. As a result of availability real-time
after the system has been implemented. With data, reporting is more flexible and user can
the cloud, the only ongoing costs include access the data remotely to gain visibility for
customization and training which requires a consolidated or multiple entities. Cloud-
less substantial ongoing investment. Because based systems are extremely scalable to suit
of this, businesses can actually save money the needs of an operation. Instead of having to
with the cloud. With lower total costs, Return procure user licenses and suitable hardware
on Investment (ROI) can often exceed triple- that is needed in traditional on-site
digit percentages, while payback timing is installations, the cloud easily accommodates
typically a fraction of on-premise, averaging 3- new users and multiple entities, as well as
6 months. multiple currencies through its central data
center.In addition to reduced on-going expenses, the
cloud offers multiple benefits over on-premise
systems including enhanced data security,
reduced maintenance costs and easier
workforce management.
Keeping sensitive
financial data safe is paramount to any
operation. Because a cloud-based system
resides in a managed data center, the data is
significantly more secure and stable then
comparable on-site solutions. Offering 24-
hour security, multi-tiered redundancy and
3Cloud-based Accounting
4. Platform based Processing – The
N e x t G e n C l o u d - b a s e d
Accounting Model
transforming the business processes through
“Platform-based Processing”. This involves
building processing capabilities, leveraging
the software platform and making it available
to customers on a “transaction pricing”
Over the last 10 years, the outsourcing of
model. In essence, it is a SaaS++ model
business processes in general and non-core
wherein the Business Processes are delivered
functions like IT, HR, F&A, Procurement and
as a Service, “BPaaS”, leading to a lower Total
others have evolved rapidly and come to be
Cost of Ownership for the end customers.
routinely serviced from delivery centers located
in different continents. The activity that began For service providers, it leads to higher
as “lift and drop” of the processes from high revenues and customer stickiness as illustrated
cost to low cost locations is evolving to below
Leveraging Innovative Cloud-
based Technology to offer
Finance and Accounting
Solution: The ‘Quatrro Solution’
points to the Small and Medium business
market.
Quatrro has developed an innovative
platform based accounting model, built on the
strengths of innovative cloud concepts like
multitenancy and skill based routing that hasTotal Cost of Ownership and Business Value
enabled hundreds and thousands of smallare the key drivers for Small and Medium
businesses, franchisors and franchisees acrossbusinesses while evaluating accounting service
the United States and the rest of the world gainproviders. The challenge lies in providing
access to affordable accounting solutions.state-of-the-art technology platforms like SAP
Highlighted below is a brief outline of ouror Microsoft Dynamics at affordable price
solution:
4Cloud-based Accounting
5. Applicability: The accounting functions that
we have streamlined through our model
include:
• Accounts Payables (AP)
• Accounts Receivables (AR)
• Reconciliations (Rec)
• General Ledger (GL)
Key Features of the Model:Background: The traditional model of service
delivery necessitates that teams be structured n Teams based on functions – Accounts
and dedicated by client. In the mid-market in Payable, General Ledger, Accounts
which Quatrro operates, this would necessitate Receivables, Reconciliations
the need for multi skilled resources and
n The Quatrro analyst works on the employeeprocess inefficiencies. The gains due to
portal wrapped around the accountingeconomy of scale would be lost. The model
platformwhich Quatrro has developed is laid out as
follows: n Client Portal is platform and client agnostic
n On shore presence to manage client
sensitivities to off shoring
Implementation Methodology: of the process. Usually, the resources are
adequately trained in a particular skill set and
The work is allocated by skill sets (functions) as the process becomes repetitive, it results in
that translates into increase in efficiency. enhanced efficiency. Moreover, these
Allocation via process flow would have allocated functions shorten the turnaround
required the resources to be really efficient as time.
they would need to know the entire value chain
5Cloud-based Accounting
6. “Client Portal” 4 Can submit documents in various formats
– pdf, jpeg, tiff, excel, word, txt, zip
< The portal platform is an integral part of our < Outputs – Financial Reports*:
platform based accounting solution
4Real time reports< The portal provides a key interface between
4client users and Quatrro back-end Scheduled monthly or period end reports
accounting services team :
4Analytical information
4 Allows client end-users to access key
< Other features:financial reports and participate in
transactional workflows 4 Vendor payment selection & authorization
for processing4 Eliminates the need for users to learn
complex technology 4 Search for documents / images online
from the Documents repository4 Provides flexibility to turn-around client
specific enhancement/workflows in 4 Operational metrics via reports and
minimum time period dashboards
< Other benefits of the portal include:
Operational:
The process via which the data records are
4Helps in standardizing operational entered from the “Client Portal” to the “Master
processes for data & document processing Platform” which sits at the background is
across clients called “On-boarding”. Our “On-boarding”
approach involves multiple business4Helps in monitoring health of the
processes and scenarios pre-configured onprocesses and take corrective actions
the Quatrro platform to meet clientwhen needed
requirements. Thereafter, templates for every
4Reduces client on-boarding and go-live function and process are built to ensure
timelines knowledge transfer. The greatest benefit
achieved by the “On boarding approach”
Technology:
which rests on the automated communication
4 between the “Client Portal” and the “MasterProvides for multi-tenancy architecture
Platform” is the shortening of the time requiredeliminating the need for a fresh install &
to go-live from the earlier 4-6 months to 4-6configuration for every new client
weeks. As a result, the client benefits and their
4 Provides for easy customization of reports profitability can increase at a quicker pace.
4 Architecture allows scalability of
hardware, software and storage
requirements as clients evolve in the future
< The client facing portal allows client users to
access key financial reports and participate
in the transactional workflows, via the
internet.
< Inputs:
4 Ability to submit transactional data via the
portal
4 Alternate modes of communication like
email, efax, ftp also available
“On-boarding”
6Cloud-based Accounting
7. Derived Benefits from the Skill
based Service Delivery Model:
work activities performed by teams
available for enhanced monitoring
of work activities by supervisors.
n Complete automation on receipt of
ndocuments from clients for data End-to-end data processing of
processing client inputs in an SLA of 4-12
hours, with auto confirmation
n Tr a n s p a r e n t e x c h a n g e o f emails to clients on receipt as well
information between Quatrro and as processing of inputs
the client
n Time saving of 25% per store while
n Auto-tracking of various stages of performing data entry activities
the document
n Time saving of 20% per store by
n Configurable workflows for streaming the entire operational
operations team process and reducing repetitive
activities & manual interventionsn Auto allocation of jobs to a pool of
skill based resources
n Real time Operational metrics of
7Cloud-based Accounting
8. Summary & Conclusion offer solutions that result in
enhancing business value for SMB
Executives are moving beyond their clients without necessitating upfront
original focus on pure cost- investment. Though this paper, we
reduction objectives to finding ways have endeavored to emphasize the
to achieve company-wide benefits. key value drivers that will shape the
There is a trend towards increasing Next Gen SaaS++ solution and
number of small and medium how leading service providers can
businesses migrating to cloud-based leverage technology to ensure
accounting solutions from on- widespread adoption of cloud-
premise solutions that were the norm based finance and accounting
up until a decade ago. The key for solutions among small businesses
service providers lies in utilizing the
cloud and related technology to
About Quatrro Business Support Services (Quatrro)
Quatrro Business Support Services, one of the leading businesses under the
Quatrro brand, consists of a range of affordable business support services that are
offered through the industry’s first ‘Click and Buy’ interface on the cloud. Built on the
innovative “Internet of Things” concept, the digital portal enables SMB clients to
review, evaluate and buy a bundle of services off-the-shelf on a 24x7 basis.
Quatrro FPO Solutions is the Finance & Accounting business unit under the ‘Quatrro
Business Support Services’ brand. It offers a broad range of platforms and cloud-
based accounting services by leveraging the industry’s leading accounting
platforms designed to create economies of scale resulting in enhanced financial
visibility, lower costs and improved business processes. Its client base includes over
6500+ Small & Medium Businesses across auto parts, restaurant, retail, healthcare
and hospitality industries, that include franchises of some of the legendary and
iconic brands in the nation, as well as not-for-profit organizations.
8Cloud-based Accounting