Monthly Archives: June 2017

INET Dynamics

Three Functions of the Almighty Dynamics GP You May Not Know About

 

Categories: Dynamics GP
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Functions and tools of this powerful system that you might now know about.

As one of the earliest adopters of Dynamics GP in the region, we have clients that have been with the Dynamics GP system for 15 or even 20 years. Even for these clients, despite the fact that they are very well versed with the systems, there are various features that they would not have been aware of, had our consultants not brought them to attention. For example, since GP 2015 R2 version, it is now possible to deposit cash receipts automatically in bank reconciliation; or combine General Ledger summary and detail enquiry Windows.

These functionalities are not frequently used yet are very powerful and can help to simplify work processes if it is used correctly. Getting to know these “hidden charms” can assist in the company’s decision as to whether there they should be upgrading the system to the newer version or not.

  1. Refreshable Excel Reports

Smartlist designer favourites can be saved as refreshable Excel reports and these reports can be saved to Office 365

 

  1. Management Reporter Integration in Dynamics GP 2015

This feature enables the user to access Management Reporter reports from within the Financial and Administration Navigation buttons by creating a new navigation list.

User can define the Management Reporter service in the Reporting Tools Setup window and the Management Reporter navigation list will be activated.

The navigation list displays a list of reports the current user has security access to and enables them to view the reports in the Management Reporter Viewer with just a click of a button.

  1. Business Analyser

Users can use Dynamics GP’s Business Analyser to add value to the decision making process. This module is inclusive of SQL Reporting Service Reports, Excel reports, and Management Reporter reports outside of Dynamics GP. It can also work across various platforms and has been around since Dynamics GP 2010.

Having being on the market since 1980s, Microsoft Dynamics GP has released more than 10 versions with new versions being developed continuously. It is a full ERP system with an outstanding strength in Financial Modules. This world-class solution has served more than 47,000 users and still counting.

For more information about Dynamics GP, please click here.

*Disclaimer: content is based on information provided in Dynamics Community, by Microsoft’s Pam Misialek

INET Dynamics

How to pick the best ERP system

 

Categories: Dynamics GP
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By Paris for I-NET Dynamics

Enterprise Resource Planning (ERP) systems are software that streamlines processes from sales and purchasing to inventory, to billing and delivery, by combining different essential parts of your organization under one database.
ERP systems come in various forms and it is important to find the most suitable software to help you reach the organization’s business goals. To achieve this, there are multiple decision points and numerous factors to consider before picking the appropriate ERP system.

1.Company Goals and Objectives
The primary reason to change to a new ERP system is to support your company’s direction. Be it an immediate requirement like your current accounting system reaching its end of life, or a long term vision for the future, it is essential to review the company’s objectives clearly. Your organization will probably need to review ERP systems soon if you start to see the following trend:
– Human errors from manual processes used to organize and store data may start to go over the acceptable standard.
– Excel spreadsheet doesn’t work with the increasing complexity of the business anymore.

2.Functional Software Requirements
It is easy to identify the general functions that are required in your operations – accounting, human resources, and inventory. But it calls for more than that when choosing an ERP system. Since each ERP systems offered in the market has their own advantages, you might want to identify and give ranking to the functions. You probably will not want to pay half a million for a system that is famous for manufacturing while your business is in the financial industry.

3.Is Customization Necessary?
It is always better to find a suit that fits you perfectly rather than having too much tailors that eventually make the suit completely different from the original form. Having said that, a little bit of shortening or tightening might be necessary to complete the whole “suit up” process.
Likewise, it is no surprise that you might need to face some customization requirement when implementing a new ERP system. Of course the best scenario is to have a system with a standard implementation that can serve almost all of the business’ essential requirement. However, when it is impossible to avoid customization, here are some questions you can ask yourself:
– Do I need to change my business process without this customization?
– Are there any other software that can carry out this function with its standard implementation?
– How will this customization affect the system’s upgrade in the future? (it might double the cost, for example)

4. Deployment Model – Cloud or On Premise ERP?
One major question for when seeking new ERP software is whether to deploy an on premise or a cloud-based ERP system. Each type of deployment has its own unique pricing structure: cloud-based ERP systems demand lower up-front investment since they are paid for on a subscription basis, or pay-as-you-use. On the other hand, with on premise deployment, companies will own the software and of course it comes with higher initial investment.
Some SaaS service providers bundle in other services such as data backup and IT managed services as well and it is worth it to make an informed comparison.
5. Finding a Trusted Partner.
Your ERP provider might be the longest business partner you have for your organization since it is not reasonable to change a whole new system every two to three years.
From study done by Deloitte & Touche, it showed that companies that are buying an ERP system for at least the second time, ranked “level of support by reseller” as number 1 criteria while first time buyer believed the price of the system has the heaviest weight.

Who will implement this system? Who will provide the on-going support and training? These are a few of the most critical questions to answer in the whole ERP “shopping” project. Choose not only a certified partner, but also a partner that you can trust on a daily basis and a partner you believe will be around for at least another 10 years.

There are many other criteria to put under consideration when seeking for a suitable ERP system, such as training or implementation timeline. There are no speeding up this process but once you have chosen the best fit system from a trusting partner, everything else will be much simpler.

With 23 years of experience in implementing the Dynamics GP (Great Plains), i-Net Dynamics has been a certified partner of Microsoft Dynamics GP and continuously provide a world-class service level. For more information on Dynamics GP, click here. For a better understanding about i-Net Dynamics, click here.

INET Dynamics

A Brief Look at Upcoming Updates of Microsoft GP

 

Categories: Dynamics GP, General
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By Paris for iNet-Dynamics

A History of Success

First introduced to the world in the 1980s, Dynamics GP (formerly Great Plains) was one of the first accounting packages in the USA that was designed and written to be multi-user. The software soon became the number one ERP solutions in 1990s for its inclusive modules of financial, inventory, sales order processing, purchasing and much more.

In the year 2000, Great Plains was acquired by Microsoft and became Dynamics GP – the first ERP solution to be offered by this tech empire.

After more than three decades in the market, Dynamics GP is serving more than 47,000 customers worldwide and counting.

Continuously Evolving

Like many other software (or Hollywood Superstars), this long-lasting market leader is sometimes “rumoured” to be “dead” -with no further development plan from its parents Microsoft.

However, the myth was solved earlier this year when Microsoft released the new Dynamics GP roadmap which states a continuous progression of the systems through 2019, similar to its brothers and sisters in the same family. With this, it is obvious that Microsoft will continues to invest in Dynamics GP to ensure it remains relevant and up to date.

Microsoft Dynamics GP 2018

The new version of GP will contain more workflow updates, Workflow 4.0, with further document management enhancements, financial functions optimization, and GP’s version of Power Suite.

Regarding the enhancement of Doc Attach, the changes are aimed at supporting added processes and workflows like AP invoice approval. Doc Attach of GP 2018 is more comprehensive with added support for Receivables and GL entry, Employee inquiry, for notes on Vendor and Customer enquiries.

As for Power Suite, there will be a Power BI Content Pack and Flow templates to round out the evolution into Microsoft’s new generation of app and integration tools.

Further details of the new GP 2018 are being kept from release until the later part of the year. What we know so far are inclusive of integration improvements for add-on applications, and additional business intelligence features.

While waiting for updates, if you want to learn more about how Dynamics GP can enhance your business, talk to us today contact us.