Beruflich Dokumente
Kultur Dokumente
December 6, 2007
Session Objectives
2
Who is Red Moon Solutions?
Products/Services
– Fixed Assets Manager™ (FAM)
• Supported Andersen’s internal U.S. tax practice
• SAP Business One Certified Solution Partner
– Like-Kind Exchange Matching™ (LKEM)
– WorldPro™ Expatriate Solutions
– PowerOLAP ™ - Tax Department Business Intelligence
Solutions
– eTaxCalendar ™ - web-based tax calendar
– eTaxPortal ™ - SaaS collaboration workspace, including
workflow and document management
– Consulting Services
• Implementation & Integration
Founded by Jim Shedivy
– Andersen Partner in charge of Tax Technology
Enterprises
Ex-Andersen employees with minimum experience of 6 years
3
Incorrect information and errors in fixed asset
inventory data are a near universal problem –
resulting in significant and unnecessary tax
overpayments of 8% to 20%
Asset Management Resource
(AMR)
What are small businesses saying?
different stakeholders.”
Asset Management Challenges
6
Impact on Financial Statements
8
Overstated adjustments, deductions, exemptions
and credits compromise up to $30 billion per year in
unpaid taxes, according to IRS estimates.
-IRS FS-2006-27
November 2006
Demonstration:
SAP® Business One
&
Fixed Assets Manager
10
1. Order is placed in Business One
with one or more items flagged as
fixed assets
Fixed
Asset 1
Fixed Asset 1
12
People
13
Process
14
Technology
15
Managing Fixed Assets for Maximum Bottom-line Impact
REDUCE COSTS
Compliance
Activities 16
MANAGE ASSET LIFECYCLE
65% of fixed asset data is incomplete, inaccurate or
altogether missing, a potential disclosure risk for
executives now responsible for certifying the
accuracy of financial data as a result of Sarbanes-
Oxley compliance.
- Asset Management Resource
(AMR)
What Are Next Steps?
18
Thank you for joining us today.
If you have additional questions or for more information, contact us at:
(941)379-7106
www.redmoonsolutions.co
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