Microsoft Dynamics NAV is an ERP system designed for small-to-medium sized businesses. It has been a key player in the ERP market for over three decades, offering companies a way to manage their financials, operations, supply chain, manufacturing, sales, and service. It is a customizable software that is often tailored to match companies unique requirements and processes.
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Executives have to ask themselves "Are my numbers accurate?" more and more every year as financial complexity increases. With an influx of fraud cases, it's no wonder CFOs and CPAs alike are finding it harder and harder to sleep at night.
Microsoft Dynamics AX is an ERP system designed for medium to enterprise-sized companies. Introduced over a decade ago, it is known as a reliable business management software capable of handling robust financial needs. It covers areas such as financial management, inventory management, warehouse management, manufacturing, distribution, service management, human resources, e-commerce, and sales.
Microsoft's focus in recent years has been directed towards Dynamics 365, their business management suite designed to unify all business areas through connected applications. However, legacy products such as Dynamics GP are still widely used and trusted by many organizations to provide a strong backbone for their financials. Given this shift in focus, it can be hard to understand the current state of affairs for Dynamics GP. This blog post will clear up some of the confusion that surrounds the future of Dynamics GP.
Spreadsheets are the life blood of a small business. Excel’s user-friendly interface combined with basic accounting software are ideal for the first days of a business. However, as a business grows, there reaches a point where richer visibility and more advanced reporting is needed. Eventually, the data becomes too complex and wider global integrations along with optimum visibility are imperative.
Audits can be a stressful time for any company. Getting everything in order beforehand and working with the auditor while they are on site can be time consuming and exhausting. However, what if there was a tool that could make your audit a breeze? A system that could ensure that your financial information is at your fingertips at all times.
Undertaking an enterprise resource planning (ERP) software implementation is a big decision that involves a lot of stakeholders, resources, planning, time, and effort. According to Gartner, nearly 75% of all ERP implementations fail. When considering the enormity of the project and what is at stake, this can translate to substantial business and revenue loss. Companies of all sizes and industries are subject to this risk, especially when attempting to implement an ERP system alone without the assistance of an experienced partner.
Marketing is the perfect marriage of strategy and creativity. Getting this mixture right takes training, experience and old-fashioned trial and error. It is not for the faint of heart and it is definitely not for those with limited time on their hands.