CLOUD ACCOUNTING

Presented by:Greg Lowe, McKonly & Asbury

Mike Yeager, Cargas Systems

AGENDA• Introductions • Cargas Systems Overview• Defining the Cloud• Cloud vs. On-Premise• Cloud Advantages• Introduction of Intacct Cloud Financial Application• Questions & Answers

CARGAS SYSTEMSHistory• Founded in 1988• Business Software and Consulting• Software Developer and Reseller

Purpose – Shared Success• Employees, Customers, Owners, Partners & Community

Employee Ownership• 55 Employees, 2 Locations• Over 70% of Employees are Owners

CARGAS AND INTACCT • Intacct is a best in class cloud financial application

• We have been recognized as an Intacct Premier partner - one of 12 • Winner of the following Intacct Awards

‒ Intacct President’s Club 2015‒ Intacct partner of the month 3 times

“We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten. Don't let

yourself be lulled into inaction.”

- Bill Gates

WHAT IS CLOUD COMPUTING?

“Essentially, marketing people can call anything “the Cloud” and get attention. Since the definition

of the Cloud is fuzzy, and most consumers still think that anything delivered over the Internet is Cloud Computing, it’s easy to pull this one off.”

DEFINITION OF CLOUD COMPUTING

From The National Institute of Standards and technology (NIST) www.nist.gov

“Cloud Computing is a model for enabling convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage,applications, and services) that can

be rapidly provisioned and released with minimal management effort or service provider interaction.”

DEFINITION OF CLOUD COMPUTINGFrom Dave Nielsen – Co-Founder of Cloudcamp www.cloudcamp.org

• On-demand: the infrastructure or hardware is already setup and ready to deployed• Self-service: the customer chooses what they want, when they want it• Scalable: customers can choose how much they want and ramp up if

necessary• Measurable: there’s metering/reporting so you know you are getting what

you pay for

WHAT MAKES THE CLOUD DIFFERENT?

• A different way to develop software

• A different way to deliver software

• A different way to price software‒Software as a service (SaaS)

CLOUD PRODUCT DEVELOPMENTAll customers reside in a single database• This is called “multi-tenant”

All customers are on the same version

Software improvements are delivered frequently• Typically quarterly; sometimes even more often

Software developers are informed real time by actual knowledge of how customers are using the software

MULTI-TENANCY

Multi-tenancy is an architecture in which a single instance of a software application serves multiple customers. Each customer is called a tenant.

CLOUD SOFTWARE DELIVERY• Available anywhere on any device through an internet browser

• No software installation

• No hardware costs

• No extra cost to maintain or upgrade software

• Limited IT expertise required to maintain

CLOUD SERVICE MODELS

SAAS – Software as a Service• Applications that are developed for specific needs• No client installation

‒ Access with a web browser• Subscription Pricing (Pricing Model)• Multi-Tenant• Examples

‒ Intacct, Netsuite, Salesforce.com, Zendesk, Office 365, Google Apps

CLOUD SERVICE MODELS

PAAS – Platform as a Service• Cloud Providers provide a platform for deploying and developing

solutions• Usually scales as needed based on users• Examples

‒ Microsoft Azure, Force.com

CLOUD SERVICE MODELS

IAAS – Infrastructure as a Service• Servers and infrastructure provided for a monthly fee• Large pools of virtual servers in data centers• “Hosted” applications• Applications are not multi-tenant• Examples

‒ Rackspace, Amazon, Microsoft Azure, HP Cloud, Navisite

CLOUD VS. ON-PREMISE

CloudLimited IT Resources required

Accessed via internet or mobile device

Software is not owned but paid for through subscription

Updates occur often as much as 4-8 times a year

Traditional On-PremiseOn-site IT resources including backups

Accessed via client server for local users and Citrix or terminal server for remote

Software is owned and a annual maintenance is paid

Updates are every 12 – 24 months

ADVANTAGES OF CLOUD COMPUTINGAffordability• No large upfront investment• Try before you buy• Pay as you go and grow

Continuous Innovation• Modern user interface• Updates are continuous

IT infrastructure • Allows you to focus on your core competencies• Less total cost of ownership• Security/Redundancy and Disaster Recovery built in that most companies cannot afford on-premise

ADVANTAGES OF CLOUD COMPUTINGCollaboration• Many Cloud applications facilitate collaboration

Positioned for growth• Allows employees to work anywhere easily• Costs rise as you grow, no need to build infrastructure for planned growth

Best of Breed approach to systems• Allows you to leverage the best application for each of your unique business processes

Integration• Integrations are pre-built for leading cloud applications using Web services

ADVANTAGES OF CLOUD ACCOUNTING• Key data can be accessed anytime with any device on any platform• Changes in accounting procedures or requirements can be updated

instantly• Information is always available• “What if” analysis is easier• Focus on what you do well, not IT infrastructure

CLOUD ACCOUNTING DEMONSTRATION

INTACCT• Best in class Financials• Preferred Provider of Financial Solutions by AICPA• Recommended by Intuit as preferred Quickbooks replacement

solution• True “Cloud” solution-Multi-Tenant

INTACCT FEATURES

QUESTIONS & ANSWERS

Greg Lowe, Partner/COOMcKonly & Asburyglowe@macpas.com

Mike Yeager, PresidentCargas Systemsmyeager@cargas.com