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Best Practices for
Improving your Accounting System
Tom Sonde
SilverRoad Solutions
Facts You Should Know
Page 2
Improving your Accounting System Facts You Should Know
Text This is an
example text
Studies have reported that up
to 90% of organizations are unhappy with their systems.
Ouganizations reporting satisfaction with their system
Ouganizations reporting dissatisfaction with their system
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• One area that receives inadequate
attention is the actual
implementation process
• Many a problem or system
shortcoming might have been
avoided if the implementation
team had addressed the issue
properly
Improving your Accounting System Facts You Should Know
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Problems often can be traced back
to four key areas:
1. How the system was set up
2. How well the processes were
married to the technology
3. The type of training people
received
4. How well “Best Practices” were
applied to the end-to-end
processes
Improving your Accounting System Facts You Should Know
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Improvements can be accomplished gradually. A team can focus on
one process area at a time, and most successful projects begin by
focusing on processes that provide a quick win.
Payroll
Pro
cess
es
Travel & Entertainment
Co
nso
lidat
ion
s
Billing
Credit & Collections
Accounts Payable
FP & A
Gen
eral
Led
ger
Improving your Accounting System Facts You Should Know
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ROI
Intangible Benefits
• The costs to improve an
accounting system and
related processes are
insignificant when compared
to the total cost of the
system
• The Return on Investment is
usually less than one year
Improving your Accounting System Facts You Should Know
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System and related
process changes do
not require an army of
consultants
Improving your Accounting System Facts You Should Know
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Free Whitepapers
Unlock the Hidden Value in your Accounting System
Facts You Should Know
Improving Inefficient Accounting Systems
A Key to Success
www.silverroad.net/finance
Improving your Accounting System Facts You Should Know
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Thank you for
your attention!
Any Questions?
Tom Sonde, Principal
(973) 722-9304
SilverRoad.net
Improving your Accounting System Facts You Should Know
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Tom Sonde Biography
Tom Sonde
Tom is a principal with Silver Road Solutions, a management consulting firm specializing in helping accounting & finance organizations be more productive. He began performing process improvement work while at The Dun & Bradstreet Corporation. He subsequently worked at KPMG Consulting and was VP Global Business Transformation at Misys where he redesigned their global accounting and finance processes during an SAP implementation.
Tom has extensive experience in designing and implementing process improvement initiatives and has published several articles on this topic. Including one in the December issue of the Journal of Accountancy.
For additional information lease visit silverroad.net
Tom Sonde, Principal
SilverRoad Solutions
1362 Tamarack Road
Manasquan, NJ 08736
(973) 722-9304
Silverroad.net
Copyright © 2013 SilverRoad Solutions.
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Copyright © 2013 SilverRoad Solutions.
About Us
SilverRoad Solutions is an innovative management consulting firm specializing in,
Accounting System Optimization, Expense Reduction, Process Improvement and Business
Process Management services. We assist organizations in successfully implementing
transformational change.
To learn more about how we can lower your costs while improving the productivity of your
organization please contact us at [email protected] or by calling (973) 722-9304.
