Something that vexes every finance and accounting organization is the challenge of managing your internal technology portfolio to meet the changing needs of your constantly changing company. Should you continue to patch that old system or buy something new? Should you use point solutions or broad-based platforms? How much is the right amount to invest and which direction has the highest ROI. Well, as it happens, the answer is, “it depends”. This event will focus on how to perform a build vs. buy analysis for finance and accounting automation projects covering these very issues, helping you form a coherent technology strategy, along with tactics for execution. You will walk away with an understanding of the following: When manual processes (the status quo) are the right answer The upside and downside of growing your own solution as needs arise The upside and downside of going with a specialized vendor Best practices when performing a build vs. buy ROI analysis for FinTech projects

1. Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals
Navigating the Build vs. Buy Decision for
Your Finance Technology Needs

2. • Recognize when manual processes (the status quo) are
the right answer
• Realize the upside and downside of growing your own
solution as needs arise
• Identify best practices when performing a build vs. buy
ROI analysis for FinTech projects
After attending this event you will be able to:
Learning Objectives

3. Proformative Event Notes
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5. Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals
Navigating the Build vs. Buy Decision for
Your Finance Technology Needs
Mike Murphy, CPA
Chief Business Officer, goTransverse

6. Today’s Take-aways
• Manual processes (the status quo) are the right answer
• Upside/downside of growing your own solution
• Upside/downside of going with a specialized vendor
• Best practices when performing a build vs. buy ROI
analysis for FinTech projects

7. Taking the lead in IT decisions
Accenture 2014 High Performance Finance Study, CFOs:
• 40% drive decisions actions impacting tech investment
• 45% play the top role in monitoring ROI
• 23% are in charge of identifying tech to retire/replace
• 2 of 5 anticipate increased investments in cloud and
SaaS by at least 26%, with 11% saying increase >50%
Source: CIO Insight coverage of Accenture 2014 High Performance Finance Study;
http://www.cioinsight.com/it-management/it-budgets/slideshows/cfos-taking-lead-role-in-it-decisions.html

8. The Choice Chart for FinTech
Do Nothing
Manual
Processes
3rd Party
Solution
Homegrown
On-premise or
hosted?
On-premise, SaaS
or hybrid?
More
Spreadsheets!

9. When Manual Processes Work
 Start-up/early stage company
 New go-to-market strategy
 No/few business processes
 Opportunity cost to manage
manually is less than the
benefit of automation
photo by Craig Chew-Moulding on flickr

10. Benefits of Manual Processes
Quickly adjust to market changes
Testing of processes
Evolving business model
90 Day Rule
• Leadership
• Acquisitions
• Mergers
• Greenfield product offers

11. When Manual Processes Fail
• Have repeatable processes filled by an ever-increasing
accounting or finance (or sales, marketing, etc.) team
• Can’t hire fast enough to satisfy demand
• Inability to forecast revenue and/or expenses
Don't put off until tomorrow what you can do today.
-Benjamin Franklin

12. Thank you for your interest in this presentation.
View the on-demand webinar or download the full
presentation at:
www.Proformative.com
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