Cash is King – 3 Ways to Stronger Cash Flow in 2011 with Microsoft Dynamics GP

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Small to mid-size companies are feeling the credit crunch after a few years of the economic recession and cash flow management is on the top of all of our minds.  How can you effectively manage your cash flow in 2011? Microsoft Dynamics® GP helps ensure stronger cash flow through…

  1. Invoicing Management - The new features in Microsoft Dynamics GP 2010 allow you to automatically email invoices to your customers. Your customers receive the communication instantly instead of a couple of day turn over. They say each time you print, prepare, and mail an invoice, it costs your organization 80 cents to a dollar. With this functionality now in Microsoft Dynamics GP, it’s basically free. This ensures you get paid on time and allows for a stronger cash flow.
  2. Collections Management – Collections management in Microsoft Dynamics GP allows you to manage your collections for cash flow purposes. You can build and store an unlimited number of queries to target, and view customers that meet user-defined criteria such as balance, notes, customer, credit manager, and payment history. You can also set automatic follow-up actions and reminder dates and view completed and uncompleted tasks, as well as completed or uncompleted payment promises by customers.
  3. Cash Flow Management – With cash flow management in Microsoft Dynamics GP, you have access to a big calendar that shows a dashboard view of your accounts payables and account receivables based on due dates. When you create invoices, it will assign a due date and input that into system. This calendar shows you what’s due that day, what’s due to pay, and what’s scheduled to come in giving you better business insight and management over your cash flow.

In conclusion, Microsoft Dynamics GP offers the flexibility for you to decide which collections you want to manage and because the processes are automated, it helps you save time and money and ensures accuracy. The seamless solution keeps everything together so you don’t have to cross reference with other data. Everything is in real time and all the GP modules work directly together. Start the year off strong with better cash flow and contact us to learn how Microsoft Dynamics GP can help you get there.

By The TM Group, Michigan Microsoft Dynamics Partner for Microsoft Dynamics GP, Microsoft Dynamics SL, Microsoft Dynamics NAV, Microsoft Dynamics CRM and SharePoint

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