In an ever-evolving technology landscape, businesses of all sizes are increasingly turning to cloud ERP. But the history of ERP goes a long way back when it was first introduced in the 1990s as an on-premise solution.
In an on-premise ERP system, computers and servers owned by the business were installed and maintained locally. As a result, businesses had to purchase or lease enterprise-level servers, networking, and storage to run and host this software and data.
Slowly, the costs of managing an on-premise ERP system began to soar, and it could not keep up with modern security requirements or technological trends. As a result, ERPs moved from on-premises to cloud technologies, enabling business efficiency, network elasticity, and wider access to the network.
- The Leading Cloud ERP – Microsoft Dynamics GP
- Understanding The History of Microsoft Dynamics GP
- How Does Microsoft Dynamics GP Benefit Your Business?
- Core Business Functionalities Offered By Microsoft Dynamics GP
- What Does VARStreet’s Microsoft Dynamics and GP Integrations For VARs Offer?
- Make Better Business Decisions With VARStreet Microsoft And GP Integrations for VARs
The Leading Cloud ERP – Microsoft Dynamics GP
Now there are a plethora of cloud ERP systems in the marketplace for the VARs to choose from. The leading companies are the ones that are typically better suited for larger organizations, multinationals, more complex organizations, multi-location types of organizations.
Those tier-one providers are generally trying to provide a breadth of functionality that can meet the needs of those organizations. With its ability to consistently meet the needs of tens of thousands of VARs and SMBs for many years, Microsoft Dynamics GP remains a top pick in the ERP market.
Microsoft Dynamics GP is a business software program. Often called Enterprise Resource Management or ERP, it’s a software program used by businesses to handle the back-office functions such as accounting, that keep them running.
VARStreet’s Microsoft Dynamics and GP Integrations for VARs provide the ability to control all aspects of the businesses through one application like accounting, financials, business intelligence, inventory, field service, supply chain management, and project management.
Among the reasons Microsoft Dynamics GP is so successful is that it offers two different solutions for ERP –
- Business Central, which is built for small and mid-market companies, those with plain vanilla or straightforward requirements.
- Finance and Operations, which is for larger, more complex organizations.
So, you have two distinctly different systems meeting the distinct needs of different types of
organizations. Besides all that, you also have the flexibility and the user interface of Microsoft. A lot of organizations value the flexibility Microsoft Dynamics GP provides.
Understanding The History of Microsoft Dynamics GP
Dynamic GP began as an administrative system equipped for the US market. It did not feature multi-language or multi-currency capabilities like other Dynamics platforms, which restricts its ability to expand.
Dynamics GP is often referred to as Great Plains, named after the original developer of the product. Dynamics GP s first version was released in 1993 by Great Plains, a North Dakota-based independent company. Known as Dynamic Release 1.0, it was one of the first multi-user accounting programs available in the US.
It was in 2001 when Microsoft acquired Great Plains, which had purchased another ERP company, Solomon Software, bringing the two under Microsoft’s umbrella called Dynamics Release 8.0. They were later renamed Dynamics SL and Dynamics GP, respectively.
Microsoft rebranded its Dynamics suite in November 2016, combining several of its CRM and ERP software products under a single name: Dynamics 365.
Dynamics SL and Dynamics GP continue to be standalone products, respectively.
How Does Microsoft Dynamics GP Benefit Your Business?
An ERP software is at the heart of every business. Take it away, and the company would struggle to continue. Thanks to its excellent features, Microsoft Dynamics GP offers an ERP solution to transform any business. The platform’s benefits apply to any company, regardless of how many elements of the software are used.
1. Improved Productivity Across Departments
In old times, companies used to store information in each department’s databases. This would result in information being shared only within a department. It was up to the other departments to obtain the information by contacting the respective Department manager.
The advanced capabilities of Microsoft Dynamics GP help keep all the information for all the departments in a single database. Now, employees of any department can use the information without requesting approval from another department. As a result, IT management becomes easier and less complex, allowing the staff to focus on adding value rather than performing routine tasks.
2. Increased Business Process Flexibility
The platform offers several options for deployment, granting businesses the flexibility in storing and accessing their Dynamics data.
GP can be accessed via the web, a SharePoint portal, or a traditional computer. So members of the office or remote employees can perform business processes whenever necessary.
3. More Visibility Means More Informed Decisions
One of the most important selling points of ERP is total visibility. GP’s high-end features enable business managers to access key processes in their organization by making data from every department readily accessible. In this way, management can monitor inventory levels daily, weekly, or monthly, including future consignments yet to be delivered and inventory currently being used.
In addition, knowing precisely where the company stands regarding inventory levels helps management to control working capital efficiently.
An integrated system like Microsoft Dynamics GP increases the efficiency and effectiveness of inter-departmental processes. Management can be rest assured that they are seeing the complete picture at any given time, resulting in more accurate decisions.
4. Improved Reporting And Planning
Dynamics GP is an ERP system used by a wide range of departments. In other words, it’s one reporting system for all processes in an organization. The system allows for the generation of useful analytics and reports anytime by having a single source of truth.
The management can compare and analyze functions across departments or divisions without the bias of multiple emails and spreadsheets.
One of the most popular reports involves finances. The program provides built-in financial statements such as cash flow and income statements. This is how Microsoft Dynamics GP allows management to design their reports without relying on help from other systems.
5. Extensive Business Intelligence Functionality
Users can use Dynamics GP’s business intelligence features to make informed financial decisions, allowing them to prevent problems before they occur and fix them before they arise.
Businesses can benefit from GP Dynamics’ extensive functionality straight out of the box, with little to no customization needed. With GP’s large catalog of add-ons available from third parties, the functionality can also be expanded easily. This means customers can maximize their IT investments regardless of whether they want to consolidate, expand, or migrate.
Core Business Functionalities Offered By Microsoft Dynamics GP
ERP systems can cover many different roles across the organization, allowing for the separation of the front office and back office while making it possible to adapt your solution to new business priorities. Some of the critical business functions include:
- Financial and Accounting Management System
Microsoft Dynamics GP has a flexible general ledger that lets you maintain your books with a double-entry accounting system.
- You can transfer account balances by percent, perform intercompany transactions, and copy and paste data from Excel directly to the general ledger.
- Tracking nonfinancial data at the general ledger level is possible, and searching through Journal entries is easy.
- The Financial and Accounting module is among the most substantial modules in the ERP suite with a rich set of features. It offers budgeting to track multiple budgets and multiple fiscal years.
- Cash flow management is easier to control, predict, and monitor with custom views and forecasting tools.
- Other features include payables and receivables management, fixed asset management, multi-currency management, analytical accounting, and customer and vendor consolidation.
- Inventory And Supply Chain Management
The Microsoft Dynamics and GP Integrations for VARs provide an inventory control tool that helps businesses monitor stock levels and costs. It provides multiple costing methods, lets admins enter tiered pricing, and adds alternative suppliers.
- You can track assets by serial numbers and lot numbers and use tracking codes for transfers and cycle counts for more accurate inventory.
- Other core features include a bill of materials, a purchase order generator, purchase order processing and receiving, requisition management, and sales order processing. In addition, you can extend the module with advanced tools like “Available to Promise,” which uses purchasing inventory and sales data to predict when inventory will be available to sell.
- It also has advanced picking that tailors picking routines and returns management that generates returns based on invoices, service calls, or manual returns.
- The module also has special tools like manufacturing order processing and materials requirement planning, handy for manufacturing companies.
- Human Resources And Payroll
Another impressive module of Microsoft Dynamics GP is its HR and Payroll module.
- VARs can manage employees with a great amount of information entered into the system.
- It also provides tools to attract and hire the best candidates with custom processes, scheduling, and performance evaluation tools.
- Other features include automated payroll processing, payroll through an automated clearinghouse, self-service, employee profile updates, and position control to manage labor, budget, and staff movement across the organization.
- Benefits Management is a custom tool that can be added to the HR module. An advanced tool for HR helps track the well-being of employees and ensures government compliance.
- Another advanced tool is for payroll, which extends the capabilities of core features with tools like Pay Policy Manager, Labor Accrual Manager, and Advanced Labor Reporting.
What Does VARStreet’s Microsoft Dynamics and GP Integrations For VARs Offer?
The technology behind ERP is becoming more and more effective at bringing together processes, though there is no all-in-one solution for every business process. Connecting your processes, systems, and data will give your operations the intelligence, acceleration, and adaptability that they need to be optimized.
Here are a few vantage points VARStreet’s Microsoft Dynamics and GP integrations for VARs covers to help you grow:
- In VARStreet and Microsoft Dynamics, you can get a holistic view of your VARs business by syncing data across all accounting, ERP, eCommerce, inventory, and quoting applications.
- Comprehensive data, reports, and analysis will help you fully understand your sales channels, leads, opportunities, and transactions.
- Business transactions are transferred to Microsoft Dynamics NAV for record-keeping, ensuring the integrity of business transactions.
- VARStreet’s quoting, and eCommerce application integrates with Microsoft NAV or GP to make your financial administration easier.
- An integrated view of customers, quotes, orders, and inventory with quick quote-to-cash conversion.
- Using VARStreet, Microsoft Dynamics NAV, and Microsoft GP increases productivity, reduces manual data entry, and eliminates duplicate data entry.
Make Better Business Decisions With VARStreet Microsoft And GP Integrations for VARs
There is no one “best” ERP platform, as it must be customized to fit each company’s needs. When choosing the ERP system, you must consider accessibility, cost, maintenance, security, hardware implementation times, and customizations. After identifying these things, you’ll be able to make an educated decision on what type of ERP will best suit your business.
VARStreet’s integration with Microsoft Dynamics and GP allows businesses to better track their processes internally and to see exactly where they can improve. This solution is straightforward to learn and use, so businesses can quickly get the system in place and with little disruption to their operations.
VARStreet uses a framework that can do bi-directional integration to enhance information flow from the ERP system to the VARStreet application. We will work closely with you to fully integrate VARStreet into your operational systems and ensure seamless information flow.