|A continuing care retirement community with four campuses that house nursing homes, rehab, assisted and independent living facilities had a home-grown accounting system — and a big headache. Their annual budgeting process began every November, requiring two full time staff to manage the process until the final budget was presented to the board in February.|
|Since implementing Microsoft Dynamics GP with the Forecaster budgeting tool, the process has changed dramatically.Department managers are notified that the budget is available for review. Making their updates to the centralized budget data, managers can include electronic “post-it notes” to explain their entries. Through Forecaster’s security, department managers see only their own budget — creating a new level of comfort and ownership.|
When budgets are submitted, the director has the option to approve or send back for edits. If multiple facilities request funding for the same product or service, management can see that and consolidate purchases to save money. Using Forecaster, the continuing care community has shaved a full month off the process and eliminated the need for paper or data entry.
Submitted by Crestwood Associates LLC,
This is just one example of how to outsmart the competition using Microsoft Dynamics ERP. Download the full white paper today for more examples “25 Brilliant Ideas to Outsmart Your Competition with Microsoft Dynamics ERP” at www.erpsoftwareblog.com/brilliant-erp as a PDF or MP3 audio.
By ERP Software Blog Editors, www.erpsoftwareblog.com