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Tuesday, January 22, 2008

Consideration for Financial Software (Microsoft Dynamics GP)

Your finance team develops and implements the financial plans to meet company objectives. When you have business management software (Microsoft Dynamics GP) that everyone gets, it can help the accuracy, timeliness, and security of this information.

Key functions to look for in an ERP Solutions:

Automatic and timely payments and collections- Get ERP that automatically generates customer invoices and vendor payments in a timely manner and includes:
  • Electronic invoice receipt and payables processing based on business rules
  • Automated credit/collections process linked to CRM system with real-time alerts
  • Remote access to purchase orders and receipts
  • Multicompany, multibank, multicurrency support
  • Electronic repository of customer/vendor correspondence

Effective cash management- Integrate cash management with your bank accounts to provide:

  • Real-time view of account balances and electronic download of account activity
  • Bank account reconciliation
  • Payroll, account payable, and account receivable integration
  • Full visibility of cash positions

Automated corporate compliance- Facilitate adherence to corporate compliance guidelines to provide:

  • Audit of internal controls, rick mitigation, and flexibility to procedures, and relevant financial disclosure documents
  • Configurable workflow and alerts to automatic flagging of financial exceptions
  • Dynamic business process modeling to efficiently add/change requirements

Effective forecasting- Deliver multiple iterations of forecasts and budgets across disparate systems with:

  • User defined business rules and role-based access
  • Automatic import of data to reduce re-keying
  • Reconciliation from "top down" and "bottom up"
  • Current and prior year comparisons
  • Drill-down and what-if capabililty

Insight into finances- Get ERP (Microsoft Dynamics GP) that lets you access key business metric updated in real time based on actual transactions and provides:

  • Dashboards for easy visualization of key, repeatable analytic processes
  • Role-based user interface with full query capability
  • Report design with import/export to Microsoft Office Excel
  • Alerts/notifications of expception situations

For more inforamation regarding Microsoft Dynamics GP (formerly Microsoft Great Plains) contact InterDyn Business Microvar: 651-639-0575 or info@businessmicrovar.com

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