Computer and Technology

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Trillions from MAYAnMAYA on Vimeo.

Cool thoughts on the future (and history) of computing.

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Image representing Bill.com as depicted in Cru...
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A contact of mine in New York City recently commented on my “sales presentation” regarding the three foundational accounting systems we deploy for our clients.  After clients realize that they can go paperless, can become highly efficient and start running their business more profitably, they are amazed at the leaps and bounds that accounting technology has taken.  My contact said “wow,” and called it the “holy trifecta of accounting goodness.”

All of the systems of the “holy trifecta” are cloud-based, and can allow our client’s accounting systems to be populated by simply taking a picture of a receipt.  Pretty freakin’ cool.  When we tell clients this stuff, they trip out.

The holy trifecta is:

1.  QuickBooks remote hosted in the clouds is the accounting foundation of the system (always on the latest version, always backed up).

2.  Bill.com is the second part of the system.  It takes our clients paperless, introduces workflow into their business processes, and makes manual data entry no longer necessary.

3.  PayCycle is the third part of our holy trifecta.  This handles the payroll piece for our clients.  It provides an online portal, allows the ability to electronically pay employees and contractors, and dumps all transactions right into QuickBooks (just like bill.com).

We set this stuff up for the client, train them and then have a design meeting with everyone to spell out the duties under the new system.  The first few months are somewhat bumpy as the new system is light years away from what they are used to.  But for the right client, it’s just what they needed, but didn’t know existed (’cause nobody told them).

This junk is changing lives, and I’m preaching it.  You down with that?

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In case of fire, follow stairs into fire
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Anytime I speak to new clients or a group of CPAs about cloud computing, one question inevitably always comes up: “is the cloud secure?”  Though I feel the cloud is safe, I have to agree this is a great question.  And you can’t bypass the question or the cloud will never be trusted.  People need to feel comfortable with this issue.

Here is how I approach this subject…

Walk the client through their history of balancing risk and security in their own lives.  I stair-step them through this concept.  We all balance risk and security in our lives.  That is, we all have assumed some amount of risk for the security we assume that each decision brings.  I tell clients that at one point in their lives, they assumed some amount of risk by handing their debit card over to the waitress at the local restaurant (basically a stranger), because they felt there was sufficient security (implemented by the restaurant) to make this decision.  This unconscious balancing act brought more convenience to their lives.  That was the first stair step.

The next stair step is when they assumed more financial risk when they began doing their personal banking online.  They assumed (whether accurately or inaccurately) that the bank had implemented enough security features to make their lives that much more convenient.  That was the move up yet another stair step in this balancing act.

And now the next stair step is simply moving their small firm or business processes into the cloud.  The client will have to make this decision for themselves – don’t try to push them into a decision they are not comfortable with (that is disastrous).  But explain this move is just another step on the stairs of weighing risk and security.  We often then move into specific discussions of the little risk of the cloud, and the security features most cloud-based software companies have implemented (which most mirror that of the client’s online personal online bank).

In doing this, remember a couple of other things:

1.  Practice what you preach – don’t try to sell the cloud if you are not implementing it yourself, and

2.  There is risk in moving to the clouds.  But there is also risk with self-managed or firm-hosted servers and software too.  We can never get away from the risk and security issues in every part of our lives.  Don’t let people/clients get away with claiming there is no risk by keeping their software on their own computers in their IT closet.  That is a failed argument and can be blown away by simply reading the local newspapers.

How do you sell the cloud?  Or do you even believe in the cloud?

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1.  First, here are the basics of HTML 5 – GoSee (if you’re a real nerd, you’ll watch this interesting 42 minute video on its introduction and use)

2.  Here is a page from Apple showing off what HTML 5 can do (note: no Adobe Flash Player) – GoSee

3.  WebM, a new type of video file (that doesn’t need the proprietary Adobe Flash Player) – GoSee

The world is changing on the web… hang on for the ride.

Jason M. Blumer

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Planning for Campus-Wide Integration of Social...
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CRM or Customer/Client Relationship Management has been around a long time.  It’s a well known buzzword in terms of keeping track of your clients, networking and sales.  Typically managed by some type of software on your computer or in the clouds, CRM mainly began as a way to track contact names and addresses and help you follow up on sales leads.

Things have changed now…

I’ve been hearing a lot about “Social CRM” and how this is changing the face of what CRM means in today’s world of great technology advancements.  This short article highlights just a few points about “Social CRM” and how it changes our relationships with our customers/clients:

1.  By definition, “Social CRM” differentiates itself from the traditional forms of customer management in it’s core strategies.  Traditional models used to manage the customer.  Now the strategies involve engaging the customer where they live.  You can’t manage them anymore, you can only hope to plan your engagement with them.

2.  The customer is now in the driver’s seat when it comes to your relationship with them.  You don’t decide how the customer will be contacted – they decide when and how and if they will engage with you.

3.  The traditional model of CRM was transactionally driven, that is “how many sales will my efforts produce?”  Now, it is definitely relationally driven.  Thus, customer service is a pillar to all CRM strategy now.

4.  Companies must now be more transparent, “culturally ready to collaborate and innovate directly with the customers”.  Customers don’t have to wade through middle-men anymore – they now have direct access to you.

These are just a few points made in this excellent article, but they ring true with how things seem to be heading for online client interaction.  Ultimately I look to have a CRM software system resident in the clouds with Twitter, Facebook, blog, RSS, and other social feeds from my clients ported right into my CRM interface.  Wow… our interactions will be real-time then.

Download this white paper for a more in depth study of the subject.

Now, go interact with your clients!

Thanks, Jason M. Blumer

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King Cloud
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I’ll be speaking at an accounting conference in late May on “Overcoming Client Objections to SaaS.”  Sounds like something a bunch of nerds would discuss, doesn’t it?

But overcoming objections to SaaS, or Software as a Service, is a very important concept (see this blog post on a software model in the clouds we deploy for clients – don’t forget to read the comments).  The term comes from an article back from February 2001 (if wikipedia.org is correct) and defines a huge shift in how we consume software use.  It can be defined in many different ways, but here are a few points I tend to make about this model of software use:

  1. Purchasing software. You purchase software kind of like you would a service… that is, you pay for it when you need it.  Most models make you pay for it monthly (though some models start out with free versions).
  2. Cloud based. You don’t look for the software you need anymore, order the discs online and have them mailed to you.  Using software in the clouds (that is, on the internet), is a mainstay to SaaS and actually allows the software to be delivered to you monthly (see point # 1).  No more installing anything on your computer.
  3. Changes to your business process. Implementing SaaS in your company (whether large or small) is not something you do to be cool.  The ultimate effect is efficiency, elimination of human redundancy and solidification of business processes.  When you “move to the clouds” things happen you didn’t know were going to happen.  And those things can change the face of your business forever.

I want to give you a run down of a few things I’ll be talking about at the Scaling New Heights Conference:

  • I’m going to tell them that helping clients surmount the objections to SaaS starts in your own firm.  If you ain’t living it, then don’t be preaching it.  Implementing SaaS models in your own firm will highlight your inefficient processes and cause you to make great changes to your own internal systems.
  • At first, selling SaaS models to most clients is a big job.  Certain generations tend to view most business processes from the perspective of “if it ain’t broke, don’t fix it.”  That will make your initial sales job difficult.  The resulting benefits will be the major enhancements to the client’s internal business processes.  But they won’t see those improvements until they actually implement the SaaS model of new software use.  Good luck!
  • Don’t sell the SaaS model first!  Sell the fact that you can (a) take away their manual processes, (b) take them paperless with little effort, (c) help them eliminate staff, (d) give them total software access from anywhere in the world at any time, etc.  Show them where they have failing internal processes and them give them the solution.
  • I’ll be talking about the future of SaaS models in the clouds.  The future looks bright.  As software moves into the clouds in a SaaS model, business processes become what I call “disrupted business processes.”  That is, all of the processes that typically run inside of a business are being separated from one another in very definable ways.  Software development in a SaaS model is becoming more niche-focused.  Some developers will build a cloud-based software to handle your receivables, some will handle your payables, some will handle your customer relationship management, some will handle your project management and some will handle your document management for you (because, of course, you are paperless in the clouds!).  And then all of these link together with smartly built APIs so you can see them on your phone!  Freakin’ sweet.

What do you think?  Any thoughts as to what I can talk about at the conference?  Leave in the comments above, dang it.

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Check out this awesome directory of small technology companies called The Small Business Web.  They are a “directory of web apps to help small businesses bloom and grow.”

Our firm is currently on a 3 to 4 year journey to move our applications, including CRM, email, backup, contact, calendar, tax and process flow into the clouds.  There are currently some challenges in our industry to do this (e.g., dual-monitor efficiency use, CRM and workflow synching with accounting and tax products, etc.).  I’m often unsure which apps and products will take us where we need to be to compete nationally as a small firm.

Directory sites like The Small Business Web will eventually make it easier for small business to find the solutions they need to perform quick billing, accurate invoicing, total project management and full double-entry bookkeeping for their nerdy accountants.

It’s time for you to begin assessing the future of running your business in the clouds… The Small Business Web (and our firm!) can help you do that.

Let me know if you see something you like, or if you have any questions.

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We implement and deploy this system called Bill.com.  So sweet.  The firm uses it internally too.

Makes your business paperless (we’re paperless), and could even eliminate staff!  The bomb.

And when you hook it to our remote hosted QuickBooks offerings, you’ll be the envy of your competition.

Check it:

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I found these two posts on Twitter very interesting.  They made me think about what I’m doing, Twitter’s future and how to do it better (tweeting, that is).

The first one is from Mike Campbell, CPA, my friend in Louisville.  He writes a blog at www.louisvillesoup.com and always makes me think.  This one is no exception.  Excerpt:

Keep a watch out for the next big thing. Better yet, be the next big thing. Early in my Twitter experience a lot of my followers went to Plurk. Most of them came back. Then there was Identic.ca. It proved to me that people are loyal to mircroblogging, but not a specific brand. Twitter is just a brand. Unfortunately it’s brand is tarnished from fail whale, lack of revenue, and being in kahoots with the CNN / Ashton Kutcher PR stunt. Furthermore, too many people have too much trouble answer the question, What is Twitter.

The second one is from Guy Kawasaki writing at American Express’ Open Forum blog.  He tells it to you straight forward and he doesn’t care what you think (sometimes he is a little too forward – but, hey, it’s his style).  Excerpt:

Based on these experiences, I encourage you to break all the “rules” that you’ve heard about social media and make your own. Like my friends from Alaska tell me, unless you’re the lead dogma, the view never changes.

Did this info help you?  Let me know in the comments.  Peace.

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Hanging with my peeps before class

 

Last week was a great week of our THRIVEal classes! 

These classes are part of our THRIVEal Business Success Series.  We offer free classes to our clients every May and November on various topics from Marketing and Branding to the proper tax structures to operate their businesses in.

Here’s a recap…

Monday- Running Your Business on QuickBooks: An Introduction – We touched on the “need-to-know” stuff.  We don’t hit every participant with the whole program.  That tends to overwhelm.  We focused on letting our clients know what they had to do in order to be successful with the program.

Tuesday- Tax Class 101 – We laid out the various tax structures an entrepreneur can operate within, and explained what they were for.  We got a little “techy” and had to use some tax-related language, but overall the group learned a lot.  We went through a very eye-opening example of switching a client from a sole proprietor structure to an S Corp.  We were marveled at the tax dough that can be saved by doing this.

Wednesday- Strategies for Success in Your Business – Clearly the best class of the week!  It’s a topic I love and one that our participants responded to.  We passed on a heavy theoretical dose of management theory to our clients, why they do business, and how we consult with our clients toward growth.  We focused on technical people going into business to do business work, and how entrepreneurs have faulty mentalities when starting new businesses.  With examples from a great book, The E Myth: Why Most Small Businesses Don’t Work and What to Do About It, we helped our clients transition their thinking from one of faulty thinking to one of successful thinking.

Thursday- Efficient Use of Business Technology – We brought in a guest lecturer for this one.  He went through all of the various areas of technology that may help a startup or entrepreneur so that they might leave with one or two ideas of how to improve the efficiency of their office/business.

FridayFuture-Oriented Strategies: How to Budget for Your Business – We spoke of the value of looking ahead in every aspect of life (we all use future-oriented strategies in many aspects of planning for life).  Budgeting for your business should be no different.  We went through some of our high-end software that does regression analysis (statistics are so much fun!) on historical data and projects that data out into the future.  Fun stuff!

Overall the classes were a great success, and I believe they were of great benefit to our clients.  Thanks to all who participated.  E-mail me at thriveal@gmail.com for a pdf of any of the outlines.  Looking forward to November…

Peace out.

Thanks, Jason M. Blumer

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