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SSi Consulting

Making the Most of Your Financial Management Software


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Financial management software can make your life,  as well as the lives of your co-workers, easier. But sometimes, it is the complete opposite. Often times, if companies are growing out of their solution, the solution is actually holding them back more than they think. If you don’t have the budget to upgrade or purchase a brand new solution, how do you make the most of your current financial management software? Here are a few tips that will hopefully help you through this period until you can upgrade.

  1. Don’t ignore it! The first tip is to evaluate the situation closely. There may be functionality that is very helpful that you don’t even know exists. We don’t expect you to be the expert on your solution, but consult with someone who has knowledge in your Financial management software and what it can do. Having a partner you can trust to help you understand what you need to is a huge time saver and ultimately saves you money in the long run. SSi Consulting is a Gold-Certified partner serving customers in the Mid-Atlantic area offering hosted Microsoft Dynamics GP and Microsoft Dynamics SL and specializing in software consulting. We have defined a best practices procedure to help our clients make sure their Financial management solution does what they need it to do .
  2. Define a plan that everyone can agree on. So the budget won’t allow for a financial management software upgrade this year; it happens and companies still survive. Use the time you have wisely to gather information. Meet with different departments in your organization to evaluate what the solution can do for them now and what they wish it could do for them later. Right now, your employees may be adapting to the software, but when you’re ready for an upgrade, your software should scale and adapt to your needs. Make sure you have those needs in writing. This will also speed the process, which will save you more money than you may think.
  3. Teach what you can to increase productivity:  Ideally, you would train your employees after an upgrade or implementation of new financial management software, but this scenario is slightly different. You should teach everyone to use the current solution to the best of its ability. You may be shocked to find some of your employees not even using it. It may be out of date, but using it for what it can do will get your company through the waiting period and may even increase productivity in the meantime. When you are ready to upgrade or purchase, don’t forget this vital step in the process. Training is often overlooked, but never should be! Set expectations now with your employees.

Hopefully the waiting period for financial management software implementation or upgrade isn’t as painful as you imagine. These steps will help you get to where you need to be as well as help you make the most out of your current solution. If you have any questions on the most current versions of Microsoft Dynamics ERP, please contact us or do some ERP whitepaper research on our website.

By SSi Consulting, Maryland Microsoft Dynamics GP Partner

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