> Article:
Are You Getting the "Return" on Your Accounting Software Investment?
> Case Study:
Business Enterprise Review Finds Efficiencies and Ways to Improve Cash Flow

Software is not the solution on its own, rather it’s the enabler, requiring a set of well-defined processes providing the backbone for proper use of the functionality the software offers. Before implementing any of its software solutions, BlumShapiro Consulting invests the appropriate level of time to understanding your business, allowing for a configuration that is aligned with your strategy versus you aligning to the software.

Whether your Organization has engaged BlumShapiro to perform a Business Enterprise Review (BER) or to implement our “true cloud” based application of Sage Intacct or the solution preferred by non-profits, Accufund, our software consultants utilize methodologies that provide a deep understanding of your business at the strategic, tactical and operational levels. This ensures that that your Organization is “running” more efficiently at engagement completion. Our proven methodologies for the BER or software implementation are depicted follows:

BlumShapiro's Business Enterprise Review Framework

Review existing business strategy
In the first step of our BER framework, we work with our clients to review the project objectives of the assessment as well as the strategic business plans. During this stage we will also gather information to assist in defining the strategic directions/plans through interviews with key members of management and executive session reviews. We will also perform a business strategy impact analysis and identify key technical/information system potential solutions.

Assess current business processes and systems
As part of this assessment, we will document the high-level areas of need, people, process and finally develop a needs framework that will guide the project. Also, as part of this stage we will identify existing systems, their strengths, weaknesses and risks, as well as document key modifications/integrations and other options.

Perform needs analysis
After evaluating the finding from the assessment stage, we will utilize this information to document and prioritize improvement opportunities. We will also document and prioritize functional and information reporting gaps as well as risks. Lastly, we will prepare and present a needs, risk, and opportunity analysis to management and assessment team.

Provide high-level future options benefit analysis
During this stage of the framework, we analyze the future options and scenarios. We start by evaluating the capabilities of the existing application portfolio to address business strategy, opportunities and needs, and then we evaluate potential solution options. Lastly, we review each solution option and estimate the benefit value of each.

Present findings
In the last step of our framework, we will prepare and present our final report to management and the assessment team that includes our recommendations and next steps.


Please contact us today to learn more about our Software & Process Strategy services.
 

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Advisors | Auditors | Consultants | CPAs – BlumShapiro is one of the premier consulting firms in New England and a Top 100 CPA Firm in the U.S. Our professionals serve companies in Boston (MA), Hartford (CT), Cranston (RI), Shelton (CT) and Quincy (MA) with technology consulting, business valuations, litigation support, project management, process & controls and bankruptcy consulting services. We are a Intacct Partner offering accounting software including Cloud ERP solutions. Learn more about our City of the Future offerings.