Intacct Project Accounting and Financials for your Services Business

Project Accounting and FinancialsProject Accounting

2 Preferred Provider

BusinessSolutions

Topics

• Managing project delivery and project accounting• Project performance in the context of company performance• Summary and additional resources


BusinessSolutions

Challenges Facing Services Organizations

• Deliver projects on-time, within budget, and within scope

• Manage geographically dispersed resources

• Minimize revenue leakage

• Maximize resource utilization

• Accelerate billing and collections


BusinessSolutions

Project Accounting: Before


BusinessSolutions


STEP I:Sales enters quote/order into CRM system


BusinessSolutions



STEP II:Sales operationsre-keys order into finance system


BusinessSolutions




STEP III:Services re-keys order into PSA system


BusinessSolutions


Step IV: Project manageruses Excel to check implementation resources schedule





BusinessSolutions





Step V:Finance re-enters time and expense to book order submit invoice and recognize revenue



BusinessSolutions






Systems with limited functionality

Data silos Spreadsheets

Patchwork of:



BusinessSolutions






Systems with limited functionality

Data silos Spreadsheets

Patchwork of:

Data entry/re-keying Lack of controls Manual tracking of revenue recognition/billing Errors/inaccuracies Fragmented, cumbersome reporting

Process Problems Revenue loss Auditing issues Capacity issues Customer dissatisfaction

Business Impact



BusinessSolutions

Capture Comprehensive DataAutomate Project Delivery and Project Accounting


BusinessSolutions


ResourceScheduling


BusinessSolutions

ResourceScheduling

Project,Task,Budget



BusinessSolutions

ResourceScheduling

Time, Expense, Materials

Fixed Price$

Project,Task,Budget



BusinessSolutions

ResourceScheduling

Billing$

RevenueRecognition

Time, Expense, Materials

Fixed Price$

Project,Task,Budget



BusinessSolutions

Manage Each Project with Confidence

• During project delivery– Actual and budgeted hours, costs– Project, task status– Revenue, expense, profit– Recognized/Incurred– Forecasted– Resources, billing

• Upon project completion– Revenue, expense, profit– By project– By customer– By service type– Revenue leakage


BusinessSolutions

1,184,56332,810316,619

1,031,19246,436

14,4571,233,563

1,092,085

1,258197

1,1033,830

321,1082,558

4,970

492,396716,83857,528

457,924612,17649,538

1,276,5671,136,594123,017

549,539

A Consistent View for Operations and Finance

• Accurate

• Consistent

• Auditable

1,184,563

32,8103

16,619

1,031,192

46,436

14,457

1,233,5631,092,085

1,258

197

1,103

3,83032

1,108

2,5584,970

492,396

716,838

57,528

457,924

612,176

49,538

1,276,5671,136,594

(40,017) (39,539)

“Double Vision”

492,396

716,838

1,257,528

457,924

612,176

1,249,538

1,276,567 1,136,594

1,184,563

32,8103

16,619

1,031,192

46,436

14,457

1,233,563 1,092,085

1,258

197

1,103

3,830

32

1,108

2,558 4,970

(40,017) (39,539)

Confidence


BusinessSolutions

Process Challenges Extend Beyond Projects

Resource limitations

Manual processes

Data stored in multiple places

Dependence on spreadsheets

New standards and rules

Oversight/controls

Core Processes

• Project delivery• Project accounting• Quote-to-cash• Revenue management• Procure-to-pay• Period close• Consolidations• Financial management and

reporting


BusinessSolutions

Better Every Day

Automation Drives Immediate Efficiencies

Automate• All financial processes• With seamless integration across

business systems

Manage• Adapt to the way your business changes• Optimize financial resources

Deliver• Audit quality processes and financial reporting• Accurate and timely financial and

business intelligence

$150K +Typical annual benefit

< 6 monthsPayback time

250 %ROI


BusinessSolutions

Automation Sets the Stage for Further Growth

Once you’ve mastered day-to-day complexity …

Make my business more efficient

… you can think long-term

Drive performance and growth


BusinessSolutions

Key Performance Metrics

Insight to Answer the Bigger Questions

What our servicescustomers want to know• What is the profitability of our service

delivery?

• Will our cost structure support our growth?

• Which “whole” products are profitable?

• How can we manage spending to boost growth?

Utilization

Project Profitability

CAC

CLTV


BusinessSolutions

Growing With Guidewire

January 2012 @ $17/share

TOP IPOof 2012

Software for Global Property and Casualty Insurance

August 2006

Began workingwith Intacct

Expanded to Germany, Hong Kong, Ireland

NYSE:$50

Acquired Millbrook

Entities/currencies 3 10

Employees/revenue 50/$90M 1110+/$350M

Consolidation 48 days <1 HOUR

$2.5+M Improvement in collections22% Staff savings40% IPO-related savings $Operational

automation and cost savings

IPO


BusinessSolutions

Services Companies Rely On Intacct

Real Value

11,000+Growth Companies

Growing withIntacct

95% Customer Satisfaction


BusinessSolutions

Built for Success

10+ year track record of delivering results

Top tierinvestors

Choice of accounting and finance experts worldwide

Top-ratedworkplace

Industry awards 25 Best

Small Biz Apps


BusinessSolutions

Interested in Learning More?

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[email protected] | www.intacct.com | 877-437-7765

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