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.
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.