Distributors are under immense pressure to streamline operations and cut costs. While NetSuite offers robust features, its high price tag and operational complexities often outweigh the benefits. Many businesses are seeking more affordable and adaptable solutions. The NetSuite Challenge: Cost and Complexity NetSuite's initial appeal lies in its com...
In today's fast-paced distribution landscape, staying competitive requires more than just selling products. It demands efficiency, accuracy, and a deep understanding of your operations. Our recent ERP consultation with a distributor highlighted common challenges and opportunities that can significantly impact your bottom line. The Pain Points of Ou...
Hello there! Today, I want to talk to you about why change management is such a critical component of a Dynamics 365 Business Central project. As you may know, Dynamics 365 Business Central is a cloud-based ERP software designed to streamline and simplify business processes. But, implementing this software can be challenging, and that's where chang...
In October 2019, Microsoft introduced the Modern Lifecycle Policy for Microsoft Dynamics GP before this update Dynamics GP was governed by the Fixed Lifecycle Policy which in comparison has fixed end dates for their support. The Modern Policy offers continuous support and servicing, including bug fixes, new features, and the latest tax updates. This highlights the fact that Dynamics GP is not going anywhere soon with the Lifecycle Roadmap showing dates well into 2028 and beyond.
Dynamics GP customers can stay current by choosing at least one of the three all-inclusive Dynamics GP updates, typically released in June, October, and December yearly . The October update normally provides new capabilities whereas the two other updates will typically consist of hotfixes, tax updates, and regulatory updates.
Microsoft Dynamics GP is a powerful on-premises application that has built a huge community over the last 30+ years of Partners and Customers that love the product. Microsoft intends to continue both enhancing and supporting the solution in the future. Upgrading your Dynamics GP system ensures that you have access to new features, in addition to a resolution to any system glitches. Upgrading regularly also provides you with tax compliance, improved security, and more predictable costs.
Microsoft has recently announced the features that will be included in the 2021 Year-End update to Dynamics GP, which will include the 2021 feature release as well. Dynamics GP continues to add yearly updates in terms of hotfixes, tax code-compliant updates, and other regulatory fixes. The following features are all based on customer requests, so users can look forward to improvement to these updates. Another advantage of this release is that new registration keys are not needed for this release.
Microsoft Dynamics GP 18.4 Updates include:
Distribution
Enterprise resource planning (ERP) systems are complete, integrated systems that manage all aspects of a production-based or distribution business, aligning financial management, human resources, supply chain management, and manufacturing. An ERP suite is a substantial investment for any business, and best practices demand that the ERP software selection process be rigorous and thorough. However, there are so many factors in play when choosing an ERP system that it can be daunting to choose the right one.
If you feel a bit confused about the variety of ERP vendors and many software products on the market today, you are not alone. We’ve come up with a comparative chart showing the difference between two popular ERP systems: Dynamics 365 Business Central and NetSuite.
The long awaited Microsoft Dynamics GP 2013 was recently released right before the holiday season. The latest version has a number of new features which we have previously discussed in this blog, the most important of which is greater flexibility in terms of deployment. Also included is RapidStart Services, a tool designed to speed up implementations while lowering project risk.
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Adam MacIntosh is a Senior Project Manager at WebSan Solutions Inc, a Microsoft Dynamics GP Partner offering implementation & support services for large & small firms in a variety of industries.
Implementing a new ERP Software is a time for new learning experiences and challenges. There are some common mistakes that you want to avoid when implementing ERP software, remember this list so you can become a hero and not a victim of poor planning.
Mistake 1: Not selecting the right vendor
Browsing through a vendor’s website can’t determine if they are right for you. Call the company and speak with someone, this gives you the chance to ask questions about the company and their services. Don’t forget to ask for references so you can hear more than one opinion of the vendor.
Mistake 2: Not taking advantage of all the features that you are paying for!
For any kind of service you pay for, be mindful of what’s included. If you are unaware of a feature that you have but never use, just ask!
Year-End can be a hectic time for all & it is fast approaching. In many instances, we are tired from or preparing for the holidays. Everyone is out of their routine & sometimes, performing tasks they only think about once a year. Here is a brief summary of performing year-end in any ERP system.
Prior to performing year-end tasks:
1 - Post all receivables, payables & financial transactions. Future dated transactions should be held off if possible until after the year has closed.
2 - Perform a stock count, send out customer statements & complete all reconciliations
3 - Make any adjusting entries needed.
4 - Print necessary reports to maintain in the companies permanent records for audit trail purposes
5 - Make a backup of company database before starting the year-end processes.
Ensure all users are out of the system when performing year-end processes. Additionally, users are often given the opportunity to purge obsolete records during the year-end processing. One should consult company policy & ensure local law reporting laws are followed prior to deleting any records. Once complete, it is good practice to close old fiscal periods from posting to prevent any accidental postings.
