As businesses grow, they need technology capable of scaling up with the increased demand. It’s why many companies turn to solutions like Microsoft Dynamics GP to handle their accounting and business needs. It’s a popular choice among small and medium-sized businesses (SMBs) because of its flexibility and robustness. However, many organizations aren’t optimizing the solution in ways that provide maximum efficiency. You can benefit from hiring a Microsoft Dynamics GP Consultant if your company falls into that category.
Benefits of a Microsoft Dynamics GP Consultant
The biggest reason to hire a GP Consultant is their depth of knowledge. For example, Internet eBusiness Solutions (IES) consultants understand the ins and outs of working with different Microsoft Dynamics GP iterations. We use our technical knowledge and experience to show business owners optimal ways of enhancing Dynamics GP for their industry.
We do a deep dive into your current installation to assess your most significant needs. From there, we provide advice, including detailed roadmaps, on how to adapt your platform. Below are some other benefits of hiring an IES Microsoft Dynamics consultant:
- You don’t have to pull other personnel from essential work to help with the effort
- We can bring your current GP instance up to current standards
- Our team shows you how to follow industry best practices
- IES offers tips on optimizing the design of your Dynamics GP solution
Our experts stay updated on the latest developments around Microsoft Dynamics. That informs any recommendations made to your company regarding Dynamics 365 GP enhancements or upgrades. Keeping your instance updated ensures it can evolve with your changing business needs.
Signs You Need a Microsoft Dynamics Consultant
You may need the help of a Microsoft Dynamics 365 GP consultant if you’ve been experiencing one or more of the following issues.
1. Inconsistent Data
Dynamics GP can function as your single source of truth for information. However, it’s hard to do that if you aren’t correctly integrating data from other sources. Many companies cling to manual paper and spreadsheet processes instead of using Dynamics GP to handle those functions.
A Microsoft Dynamics GP consultant can help you move away from your spreadsheet dependency. We can advise you on how to make Dynamics GP your central data repository for all relevant business data. That ensures that the reports you provide to executives and stakeholders contain valid information.
2. Difficulty Controlling IT Costs
A Dynamics GP consultant can help you fully harness the platform’s functionality. It can manage your supply chain, financials, sales, inventory, and other business areas. Many companies keep legacy applications around because the workforce has grown accustomed to using them. Keeping them going through costly customizations and maintenance can balloon your IT costs.
IES can show you how to customize Dynamics GP to handle the work performed in those legacy applications. You don’t have to pay for costly software development. We can use Dynamics GP’s built-in customization tools to adapt to your company’s workflows and business processes.
3. Inventory and Asset Control
One of the biggest challenges businesses faces is fully utilizing their fixed assets. IES can show you how to leverage GP to keep up with items owned by your organization. It can maintain detailed records of physical assets like machinery, vehicles, and equipment.
In addition to fixed assets, we can help you set up robust inventory controls to track inventory levels, keep up with stock movements, and analyze usage patterns. Having better visibility into your inventory enables you to optimize your stock levels while keeping your carrying costs down. That makes it easier for your business to ensure adequate stock when customers look for a product.
4. No Consistent Reporting
Up-to-date financial reporting is critical to keeping up with current cash flow. Without accurate information, you are essentially blind to the actual state of your company’s performance. That’s why it’s crucial to understand how to use Dynamics GP reporting to your advantage.
IES can upgrade your financial reporting to ensure accurate tracking of your business’s overall value. That way, you can show internal and external stakeholders valid information about your company’s profitability. In addition, you can use Dynamics GP financial reporting to help with critical strategic decisions.
5. Need for System Integrations
Interacting with other systems and applications can quickly grow complex. A Dynamics GP consultant can handle assessing and planning your system integrations. Once they determine your integration goals, they can determine the requirements and develop an integration strategy that aligns with your business objectives.
Partnering with IES gives you access to expertise regarding the technical aspects of Dynamics GP. We understand the underlying data structures, integration tools, connectors, and other components made available with the platform. We use our knowledge to make the best recommendations for the right technology stack to support your business environment.
Once we’ve executed the integration plan, IES tests and validates the changes through unit, integration, and acceptance testing. That lets us catch and fix errors before signing off on any new changes. That reduces issues that users might experience once the new implementation rolls out.
6. Problems With Compliance
Failing to adhere to legal and industry compliance standards can lead to severe consequences. A Dynamics GP consultant can help you avoid fines and penalties by leveraging the platform to support your compliance efforts. Below are examples of how Dynamics GP can help businesses with compliance issues:
- Provide detailed audit trails and transaction logs that track changes to data within the system
- Enable accurate recording, tracking, and reporting of financial transactions with features like a general ledger and cash management
- Produce customized regulatory reports that meet specific compliance requirements
- Make it possible for organizations to create a secure and robust document management system
- Offer features and controls designed to protect sensitive data
- Monitor organizational compliance-related activities
Make the Most of Your Dynamics GP Instance
IES works hard to help clients optimize their business solutions. We’re uniquely qualified to help businesses achieve their organizational goals with the right technology. Learn more about how IES can take your organization to the next level by setting up a meeting with one of our technology experts.
