Enjoy your Microsoft Dynamics GP 2016 Feature of the Day!
In addition to educating everyone on new features, the Feature of the Day is also meant to evangelize the tremendous features and functionality available in the Microsoft Dynamics GP product.
Today’s feature, SmartLists from Favorites!
Create a new SmartList from a favorite using Designer. Eliminate removing all extra columns from the default SmartLists!
Unfortunately, there are several myths floating around the Internet about cloud-based tools, especially cloud ERP. The problem is that the owners of small- and medium-sized businesses (SMBs) miss out on the amazing benefits of these tools because they unnecessarily fear untruths.
It’s time to dispel these myths! Here are three of the most common misunderstood facts about cloud ERP software, and why it makes no sense to continue relying on outdated, legacy systems.
In the early 1900s, Henry Ford sponsored a way to mass-produce cars using an assembly line. For the first time in the history of the world, regular people could afford their own set of wheels.Likewise, small and medium-sized businesses (SMBs) must take advantage of cost-saving techniques available today. If something can be made or delivered without costly customizations, it’s going to be cheaper to buy.
The same idea applies to cloud ERP systems. If SMBs are able to successfully use these tools without paying a vendor to customize the offering — or, completely rebuild the system — they’re going to save lots of money. Embracing an out-of-the-box solution is absolutely ideal from a cost standpoint.
This is why SMBs must find a vendor offering an affordable cloud ERP system that has built-in workflows, integrates with your current systems, performs all of the necessary functions and moves the business forward. Here are five questions to ask before going forward with any ERP customizations.
Financial accounting is complex: Accuracy is paramount, but accounting software is expensive. You shouldn’t be forced to choose between profitability and precise calculations. You need a solution that’s cost-effective so you’re getting the most accurate data, the best reporting and the smartest analysis without breaking your business budget.
From sales and invoicing to warehouse management and inventory tracking, distribution is a very complicated endeavor. As a wholesale distribution company, you’re well aware of the challenges associated with fulfillment – you encounter them on a daily basis. Find out how distribution software solves these common problems and helps your business run smoothly.
When your customer places an order – no matter the channel – you’re tentatively promising that you’re able to fill it. But your inventory is inaccurate or your warehouse is mismanaged, so you’re unable to process and fulfill orders as they come in. Your customers, who assume that your product availability is accurate when they place the order, are upset. You’ve lost their trust and all but eliminated the possibility that they’ll return in the future.
Distribution software utilizes data-capture technology to accurately track every item in your inventory. This warehouse management system is linked to barcode scanners, laptops, smartphones and mobile devices, so every item that comes in and out of your warehouse is tracked. Your overall business management system is integrated, so all the tracking data that’s captured is immediately synced to the ERP software. This grants you real-time inventory control and visibility into your omnichannel transactions.
Payroll processing is difficult and time-consuming, so it’s no wonder why many businesses have chosen to outsource payroll tasks. Unfortunately, it’s often nerve-wracking to put your business’s important payroll functions in the hands of someone else. Payroll software is the solution: It offers all the benefits of outsourcing payroll (eliminating the burden on your resources) and all the control of performing payroll in-house. Before you start your hunt for a new payroll solution, arm yourself with these questions to ensure the choice you make is the right one for your business.
With several departments generating their own numbers using their own complex Excel formulas, it’s no wonder that small- and medium-sized businesses (SMBs) often struggle with finding a single clear version of the truth.
Who has the right numbers? Nobody knows!
The ability to communicate accurate financial data to lenders and stakeholders is critical. But how do you know which version of the truth to rely on? Excel and require manual actions, which can create issues and can be error-prone. They also can’t capture the discussions between managers about the results of reports. Nor do they contain automatic alarms that trigger management actions based on a threshold.
In order to achieve a single version of truth and process high-quality reporting actions, SMBs absolutely must use financial accounting software. It’s only with powerful tools like this that an entire company has full confidence in the numbers.
Here are five additional reasons why financial accounting software is the best way to generate financial reports for your company.
There are a lot of business software vendors on the market today. You know you need to migrate to the next level of operational efficiency, but how do you ensure you’re adopting the right ERP software for your small to mid-sized business?
Although all ERP software systems offer a way to integrate a range of processes and functions, traditionally, these systems were created for enterprise businesses and are considered costly and time-consuming to set up. Luckily, in the last 10 years, cloud-based ERP software offers businesses an affordable and accessible alternative.
Traditional on-premise ERP solutions, as discussed in our previous post, are fast becoming obsolete. They’re still being used by many small and mid-sized companies, but it’s unrealistic for smart, strategic business executives to continue overlooking the huge functionality gaps in the on-premise model.
The next stage in the evolution of ERP is the hosted approach. Hosted ERP software is a popular and attractive option: Young SMBs build new business management solutions from scratch, and well-developed businesses overhaul their current systems to be more flexible, functional and accessible. Here’s what a hosted ERP system looks like:
Enterprise software has gone through quite an evolution throughout its lifetime; the ERP solutions of today hardly seem to be of the same lineage as traditional versions.
Since their inception, ERP solutions have been traditionally hosted in-house. Businesses spend quite a bit of their budgets building an IT infrastructure and purchasing the equipment upfront to run the business management system as a whole.
On-premise ERP software is both a thing of the past and a thing of the present: Its technology is outdated, but it’s still in use by many small and mid-sized businesses today. Let’s investigate the components and typical structure of a traditional ERP system:
Hardware is one of the biggest costs plaguing setup of on-premise ERP software. You need to purchase expensive hardware and equipment – all of which is difficult and costly to maintain.
Steve’s been with SMB Suite since 1998 and has been involved with nearly every aspects of the Company’s business as a strategist, professional services executive, cloud solutions architect, and senior consultant. In his current role, Steve is responsible for SMB Suite’s revenue and oversees the execution of ERP, CRM and BI projects for customers across a broad range of industries. Steve combines his expertise in MS Dynamics GP, CRM and other Microsoft products with a strong foundation in accounting and business to identify gaps and streamline customers’ processes. Prior to co-founding SMB Suite, Steve was previously Corporate Controller for MEHLE Behr and, prior to that, Audit Senior for Ernst & Young. Steve holds a Bachelor of Business Administration degree from the University of Texas at Arlington.
Jeremy is responsible for SMB Suite’s technology vision, strategy and implementation and is the architect of the Company’s Dynamics Cloud Platform. Highly adept in every facet of managed services, ERP systems and e-commerce platforms, Jeremy’s expertise spans the implementation and support of business and financial software solutions, as well as the customization and integration of SMB Suite’s cloud ERP technology stack. He holds numerous Microsoft and industry-related certifications, and was primarily responsible for designing the Company’s progressive business services platform in the early days of the Cloud. Prior to SMB Suite, Jeremy served as the financial analyst, systems administrator, and information systems liaison for a $2 billion financial services corporation.
Monty is responsible for SMB Suite’s day-to-day operation and, most importantly, its customers. As a leader, motivator and mentor, Monty creates loyal high performance teams willing to “walk through walls” to accomplish their goals. Prior to SMB Suite, Monty served as President of The Bradshaw Group (TBG), a global distributor, manufacturer, and repair facility for digital printers. In this role, he was the Company’s ambassador to its most important domestic, European and Latin American customers and TBG achieved a best-in-class Net Promoter Score of 74 for its superb customer satisfaction. Prior to TBG, Monty served as the General Manager of Sam’s Clubs three highest grossing U.S. stores and was named Regional Operator of the Year in 1999. Monty holds a BBA in Marketing from Texas Tech University and is an active member of Business Navigators. He has been active in Vistage International, Executives in Action, the Dallas/Fort Worth Retail Executives Association, as well as, A.P.I.C.S., the leading professional association for supply chain and operations management. Monty also volunteers with Hunger Busters and ManeGait, a therapeutic horsemanship organization.
David is a proven financial and information technology professional with expertise in providing business accounting software and computing solutions. He began his career by starting and managing a successful independent consulting practice for several years. He then launched the local systems consulting unit of Ernst & Young’s Entrepreneurial Services Group, leading the office into the hi-tech consulting arena. After successfully developing the unit for Ernst & Young, David founded NextCorp (which became SMB Suite in 2013) to serve the business software needs of clients throughout the US. David has made SMB Suite one of the best cloud ERP providers in the industry. In addition to being a successful entrepreneur and leader, he is a software and technology specialist, holding certifications in various Microsoft and other technologies.