DOF RGI Technology Presentation Nov 23 2011

TECHNOLOGY in OUR WORLD

Calvin Harris Jr., CPA

NABA – National President

President – Harvin Consulting LLC

Presented by Calvin Harris Jr., CPADOF – Ralph Grant Institute

Washington, DC 11/23/2011



OVERVIEW

• Technology of the (recent) past

• Technology trends

– Process automation

– Cloud computing

– Software as a Service (“SaaS”)

– Social media & networking

– Opportunities

• Questions and Discussion

2



Harvin Consulting LLC

3

• “Virtual CFO” services –Strategic Expertise

– Financial and accounting

– Operations and admin

– Strategic planning

– Financial turnaround

– Organization wind-down

– Forensic accounting and investigative matters

– Accounting placement

– Coaching financial staff

• Calvin Harris Jr., CPA –President of Harvin

– 20 years of experience

– CFO or Controller at orgs over $200 million

– Experience “in front and behind” desk as former external auditor and forensic accountant

– National President of NABA (National Association of Black Accountants)



Technology of the Past

• Paper Computer software

• On-site servers Hosted solutions

• Communication social media

micro-messaging

4



Technology Trends

• Process automation

• Cloud computing

• Software as a Service (SaaS)

• Social media & networking

• Opportunities

5



Technology Trends

• Process automation

• Cloud computing

• Software as a Service (SaaS)

• Social media & networking

• Opportunities

6



Web 2.0

7



Web 2.0

• Web applications that facilitate:– participatory information sharing,

– interoperability,

– user-centered design,

– collaboration

• Common Web 2.0 traits– active social media dialogue

– user-generated content in virtual communities

• Essentially encourage active versus passage engagement driven by the user

8



Web 2.0

• Examples of Web 2.0

– Social networking sites

– Blogs

– Wikis

– Video sharing sites

– Hosted services

– Web applications

9



Technology Trends

• Process Automation

– Less of a trend versus

continuation of activities for

many years

– Allows organizations’ efficiency

– Reduced / eliminated staffing

– Internal control environment

10



Cloud Computing

“Cloud computing is the delivery of

computing as a service rather than a product,

whereby shared resources, software, and

information are provided to computers and

other devices as a utility (like the electricity grid)

over a network (typically the Internet).SOURCE – Wikipedia (http://en.wikipedia.org/wiki/Cloud_computing)

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Source: Wikipedia

(http://en.wikipedia.org/wiki/File:Cloud_computing.svg) 12



Technology Trends

• Cloud functions

– Online storage

– Allows for reduced IT equipment

and staffing

– CHALLENGE - Internal control environment

– CHALLENGE - Security of data

13



Technology Trends

• Cloud Storage

– Entry-level, end-user applications

• Dropbox

• Box.net

• Google

• Amazon

– Enterprise-level

• Large companies – IBM & HP

• Smaller companies

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Source: Wikipedia

(http://en.wikipedia.org/wiki/File:Cloud_computing.svg) 15



“Software as a Service”

• Impact

– 2010 Sales estimated at $10B

– Projected Sales at $12.1B for 2011

• Applications

– Customer Relationship Management (CRM) – largest portion

– Accounting Management

– Enterprise Resource Planning (ERP)

– Human Resource Management (HRM)

16



Social Media Facebook LinkedIn

Twitter Many others

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Social Media Facebook LinkedIn

Twitter Many others

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IN-HOUSE

COMMUNICATION



Enterprise Social Networking

• Business “Social Media”

– People “following” within company

– Subject following and filtering

– Application-specific info

– User-driven repositories (ex Wiki’s)

– Advanced analytics

– Business workflow

– Process flow relevance

– Real-time employee collaboration

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Enterprise Social Networking

• Sample of Prominent Providers

– Cisco Systems

– IBM

– Microsoft

– Novell

– Oracle

– Salesforce.com

– SAP

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Opportunities

• Assist clients in internal controls

(ex. Control of remote data)

• Work with cloud applications to

allow more remote client

service

• Lines of business – fraud and

forensics

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Opportunities = RISKS

• Assist clients in internal controls

• Work with cloud applications to allow more remote client service

• Lines of business – fraud and forensics

Most of these areas for

opportunity include

significant risks if not

entered into properly

22



TOPIC REVIEW

• Technology of the (recent) past

• Technology trends

– Process automation

– Cloud functions

– Software as a Service (“SaaS”)

– Social media & networking

– Opportunities

23



QUESTIONS & DISCUSSION

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THANK YOU!TECHOLOGY in OUR WORLD

Calvin Harris Jr., CPA



DOF RGI Technology Presentation Nov 23 2011

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Transcript of DOF RGI Technology Presentation Nov 23 2011