BHC GroupBHC GroupBHC GroupBHC Group
  • WHO WE ARE
    • About Us
    • Our Approach
    • Industries
      • Distribution
      • Financial Services
      • Health Care
      • Manufacturing
      • Mining
      • Not for Profit
      • Public Sector
      • Real Estate
      • Utilities
      • Forestry
    • Case Studies
  • WHAT WE DO
    • ERP Evaluation
    • ERP Software Selection
    • ERP Implementation Support
    • ERP Upgrade & Optimization
    • ERP Consulting
    • Data Management
    • Business Process Management
    • Change Management
  • SOLUTIONS
    • Microsoft Dynamics GP
    • Microsoft Great Plains
    • Management Reporter
    • SharePoint Consulting
    • Salesforce
    • Ceridian Dayforce
    • Power BI
    • nCino Consulting Services
    • eOne Solutions
  • OUR PARTNERS
  • BLOG
  • CONTACT US

Microsoft Dynamics GP – How to Leverage it Further and How BHC Group can Help?

Microsoft Dynamics GP – How to Leverage it Further and How BHC Group can Help?

By Bryan Hack | ERP Implementation, Financial Reporting, Microsoft Dynamics GP | Comments are Closed | 27 May, 2022 | 0

Microsofts’ Dynamics GP (GP), a tier-2 Enterprise Resource Planning (ERP) system, has delivered a quick to implement and easy to use business management solution that powers diverse small and mid-size businesses worldwide for more than 25 years. GP brings people and systems together to support your business ambitions, from financials and human resource management to manufacturing and operations.

Still, keeping up with the constant stream of new features and release updates from Microsoft for your Dynamics GP solution can be challenging.

By planning for and taking advantage of regular upgrades of Microsoft’s latest features and additional functionality, you will benefit the most from your investment in the Dynamics GP solution. Your ERP solution is critical for your business operations, so having the latest version ensures that you have the best management tools to operate effectively and efficiently. In addition, with each upgrade, invest in understanding the business benefit of new features and train your staff to leverage them into their daily activities.


Here are a few reasons why it’s beneficial to update your Dynamics GP:

 

 

New Features and Functionality

Every GP update comes with new features. Microsoft updates look at the top requests submitted by customers regarding issues with new features. For example, the latest version update of GP includes increased security measures by supporting multi-factor authentication with email functionality and enabling users to mask social security numbers on human resource reports. It also contains helpful functionality updates such as copying and pasting Payables and Payroll transactions and using the mass update to update descriptions for GL accounts.


Cost Savings Down the Lane

Regular GP upgrades are more cost-effective! Keeping your system up to date makes the transition to a new version much smoother. Delaying an upgrade can create problems for your business. It becomes more challenging to move to the most recent version by waiting to upgrade. The transition will be more complex and take more time to complete, increasing the chance of prolonged downtime and increased costs.


Easier to Integrate with Third-Party Products

Routine GP updates allow for a seamless connection to Independent Software Vendors (ISVs), also called third-party products. If there’s an ISV product that you’re interested in using, will your current version of GP support it? Leveraging a third-party product and your GP solution often requires using the newest versions of both.

 

 

Keeps you Compliant

Be careful of versions of GP that are unsupported as they do not include recent changes to tax rates and tax forms. However, By being on the latest version of Dynamics GP, you keep your business compliant with current tax laws and best practices in accounting and avoid the hassle and expense of working around outdated software.


Improved Security

Data security continues to be a top priority for your business, especially regarding financial data. Being on the latest version protects you from threats and defects.

In closing, by delaying an upgrade to GP, you will incur increased costs in the long run. Furthermore, the longer you wait, the harder it is to upgrade your ERP from its current version to the most recent, costing you more time and money.

 

 

Have you updated Microsoft Dynamics GP to the most recent version? 

If you’re thinking about it, contact us at the BHC Group, and our specialists can assist you with your transition from start to finish. Do you have custom code? If so, no problem as we can review the custom code and upgrade that too if need be. 

ERP, erp implementation, erp specialist, microsoft dynamic gp

Related Posts

  • SharePoint vs OneDrive: Differences and Which One is Better for Your Business

    By Bryan Hack | Comments are Closed

    SharePoint and OneDrive are both cloud-based collaboration platforms offered by Microsoft. They both offer different features and benefits, and the right choice for a business depends on the size and needs of the organization. SharePointRead more

  • Why Small Businesses Should Consider Business Intelligence

    By Bryan Hack | Comments are Closed

    Small businesses have a lot on their plate, from managing daily operations to keeping up with the competition. But with the right tools and resources, they can stay ahead of the curve and make informedRead more

  • How ERP Systems Streamline Financial Management

    By Bryan Hack | Comments are Closed

    Enterprise Resource Planning (ERP) plays an integral role in modern businesses by improving productivity, automation, and streamlining business processes – even accounting & financial management. There was a time when financial management meant spreadsheets, whichRead more

  • 5 Simple Steps to Take Before End of Financial Year

    By Bryan Hack | Comments are Closed

    Are You Ready for the End of the Financial Year? The fiscal year-end is the most critical time for finance teams. It is the time of year when finance professionals bury their heads in theRead more

  • How does HRMS Software Support Performance Management?

    By Bryan Hack | Comments are Closed

    A company’s success is dictated by its employee’s performance and the collective efficiency of their respective departments. To optimize employee performance, it’s important to have systems that record detailed employee goals and then measure eachRead more

CONTACT US

Vancouver Office
408 - 55 Water Street
Office# 8581
Vancouver, BC V6B 1A1
778-822-6505

Winnipeg Office
94 Oak St,
Winnipeg, MB R3M 3R3
204-688-1843

EMAIL

info@thebhconsultinggroup.com

WHAT WE DO

  • ERP Evaluation
  • ERP Software Selection
  • ERP Implementation Support
  • ERP Upgrade & Optimization
  • ERP Consulting
  • Data Management
  • Business Process Management
  • Change Management

Quick Links

  • Home
  • About Us
  • Contact Us
  • Blog
  • Our Partners
  • Terms & Conditions
  • Privacy Policy
  • Glossary

SOCIAL MEDIA

Subscribe to our newsletter for latest updates & news

  • WHO WE ARE
    • About Us
    • Our Approach
    • Industries
      • Distribution
      • Financial Services
      • Health Care
      • Manufacturing
      • Mining
      • Not for Profit
      • Public Sector
      • Real Estate
      • Utilities
      • Forestry
    • Case Studies
  • WHAT WE DO
    • ERP Evaluation
    • ERP Software Selection
    • ERP Implementation Support
    • ERP Upgrade & Optimization
    • ERP Consulting
    • Data Management
    • Business Process Management
    • Change Management
  • SOLUTIONS
    • Microsoft Dynamics GP
    • Microsoft Great Plains
    • Management Reporter
    • SharePoint Consulting
    • Salesforce
    • Ceridian Dayforce
    • Power BI
    • nCino Consulting Services
    • eOne Solutions
  • OUR PARTNERS
  • BLOG
  • CONTACT US
©2021 - BHC GROUP / All Right(s) Reserved.
  • WHO WE ARE
    • About Us
    • Our Approach
    • Industries
      • Distribution
      • Financial Services
      • Health Care
      • Manufacturing
      • Mining
      • Not for Profit
      • Public Sector
      • Real Estate
      • Utilities
      • Forestry
    • Case Studies
  • WHAT WE DO
    • ERP Evaluation
    • ERP Software Selection
    • ERP Implementation Support
    • ERP Upgrade & Optimization
    • ERP Consulting
    • Data Management
    • Business Process Management
    • Change Management
  • SOLUTIONS
    • Microsoft Dynamics GP
    • Microsoft Great Plains
    • Management Reporter
    • SharePoint Consulting
    • Salesforce
    • Ceridian Dayforce
    • Power BI
    • nCino Consulting Services
    • eOne Solutions
  • OUR PARTNERS
  • BLOG
  • CONTACT US
BHC Group