1. Pork Management Conference Accounting Roundtable June 18, 2015 Drew Hesker The Maschhoffs, LLC drew.hesker@pigsrus.net

2. ERP, Cost Management System, or Hybrid Which is the right fit for your business

3. ERP (Enterprise Resource Planning) Pros Covers all aspects of your business. Quicker flow of data and processes between functions Centralized storage for all company data Consistency of reporting Cons High Cost 4-6 times more Difficult to completely implement Human capital Longer time to implement 3-5 years + More difficult and costly to customize

4. Cost Management System Pros Implementation can be more nimble and less timely 1 - 2 years or less Can better handle business specific complexities Lower cost Cons Can’t use across multiple diverse business units Has to integrate into a separate GL system as well as other existing systems that will remain

5. Hybrid Combine some of the pros of an ERP and a Cost Management System Can replace multiple existing systems Production Inventory / Supply Chain Cost Accounting Procurement Feed Can still be flexible and handle some customizations Still much less costly than a full ERP

6. Evaluation of Cost Management or Hybrid System Key points to consider for your business: Customization effort that is going to be required and the software companies ability to meet that demand Capability of the software to integrate with the systems that will remain Effort of implementation From IT, Accounting and the Production teams Timeline to implement Control of IP Ability to maintain the right to certain customizations Modules to fit desired areas of the business How many existing systems to replace How well can the software handle standard costing Cost of the project.

7. Roundtable Discussion Roundtable discussion with the audience on pros and cons of software we use and have used in the past.