Microsoft Dynamics SL can help. With Dynamics SL, you get powerful report generation tools that support all major accounting standards and can handle multi-jurisdiction requirements no matter how complex.  Dynamics SL gives you the control to know that your financial reports will comply with the continual evolution of GAAP and IFRS. With Dynamics SL, you have the ability to create custom and ad hoc reports that provide real time, actionable information to upper management and other staff. Data can be presented differently to specific people in your organization based upon what they need to see. With Dynamics SL, anything recorded in the General Ledger can be used to create reports and present information however it is needed.

Dynamics SL gives you real-time insights into organizational results as well and supports enterprise and departmental reporting.  All reports are distributed through a secure, centralized report library.  Users can drill down from high level reports, through company hierarchies, all the way to the account and underlying transaction details providing the information necessary to make business decisions.  Dynamics SL makes it easy to create, maintain and distribute presentation quality financial reports and gives you the ability to measure and analyze your results.

Financial reporting regulations are constantly changing, and as such, reporting requirements are constantly changing. With Microsoft Dynamics SL, you can be confidant that your reports will stay in compliance. To learn more and to see how Dynamics SL can help you, contact us at 866-504-4357 to schedule a needs analysis and demo.

By Intellitec Solutions, Microsoft Dynamics SL Partner serving Pennsylvania

Create Custom Financial Reports With Actionable Information – Microsoft Dynamics SL is a post from: ERP Software Blog

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1. Leave technology to the experts:  Businesspeople trying to become technology experts often ignore their business. Stick to what you know – your products/services and business.  Leave the rest to technology experts.

2. Don’t hesitate to take a risk first:  Taking a ‘wait and see’ approach seems prudent, but it will frequently put you behind your competition.  Often innovation and new solutions usher in higher levels of performance and result in cost savings.  Don’t wait for your competitors to test the waters, allowing them to reap the benefits while your costs escalate and business performance slows down. Take the dive yourself.

3. Focus on the profit, not the contract:  SMBs work hard at finding, closing and keeping customers.  In this rush, many choose to run from one contract to another, never really measuring the costs associated with a product/service, a market, or a customer.  In this rush, SMBs tend to overlook the need to measure their desired profit growth.  SMBs need to assess where they should spend their time by how much profit is created.  This can be accomplished through automated financial and reporting systems which put owners in control of their information, allowing for the informed decisions to be made.

4. Supply your employees with the best productivity tools:  In the quest to manage costs, SMBs will often hold back on utilizing new and innovative productivity tools, the result of which is decreased productivity, a higher volume of errors, and customer dissatisfaction.

5. Be accessible to your customers, vendors and suppliers at all times:  Many SMBs forget that their customers are a large part of their business success and future growth.  A lack of collaboration can lead to a communication breakdown and your relationships with your customers will ultimately suffer as a result. Being out of touch with your vendors/suppliers can keep you from negotiating better prices or terms.  Integrating your ‘value chain’, from suppliers to customers, will open up communication and can result in unprecedented growth.

6. Stay ahead of your competition:  It is hard to become a leader in your market or in your customers’ eyes if you always take your cues from the competition.  SMBs should strive to become leaders in their own right. This is achieved through a clear understanding of the market including their products/services, the competition, and customers.  Information available through industrial-strength financial and collaborative solutions will help you to understand these areas of your business and keep you ahead of the competition.

7. Invest your time in seeking new opportunities:  Leading SMBs invest their time in constantly creating new opportunities in order to grow their business and stay ahead of the competition. Many SMBs make the mistake of investing their time into protecting their markets and existing customers while the competition speeds past them.  Rule of thumb: it’s better to play offense instead of defense.

8. Cheap and inexpensive is not always the right way to invest:  We all want to conserve costs, but often SMBs will expect the best, while only being willing to pay the least.  Adopting new technologies or solutions that are inexpensive can keep your business from growing at full speed.  Avoid considering opportunities based upon price alone;  instead make wise investments that will return new opportunity, revenue, productivity and profit.

9. You can’t do it all:  At some point we all learn this lesson. SMB owners will often try to handle every problem area of their business on their own instead of surrounding themselves with the best talent and tools to help. It is important to capitalize on the strengths of these experts and put them to work.

10. Don’t forget about hidden costs:  Technology industry analysts and seasoned business executives have difficulty putting a hard figure on the Total Cost of Ownership (TCO) of today’s traditional SMB application solutions. In computing the cost of software, businesses tend only to focus on the purchase price, yet even when fully operational, software requires additional expenses. Don’t forget to budget for costs associated with support, maintenance, and upgrades.

NextCorp, Ltd. a South Texas Microsoft Dynamics GP Partner

10 Steps to Avoiding Small Business Insanity is a post from: ERP Software Blog

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