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How Two Factors Can Enable Growth


Most finance executives surveyed believe the gain is worth the pain when it comes to implementing cloud and big data solutions, two key tools to better reporting and planning.

 

The survey shows that 71% of finance executive respondents think that shifting finance solutions to the cloud is fundamentally challenging; however, 66% believe the value realized from a cloud strategy exceeds the cost of meeting its challenges.

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Success at the Market Rate


What drives company financial performance?  It’s a soup with a plethora of ingredients, of course.  But key traits possessed by CFOs certainly correlate with revenue growth, according to SAP and Oxford Economics.

The firms surveyed 1,500 CFOs from around the world and divided the respondents into two categories: “finance leaders” and “others”, based on their answers to a handful of questions.  The leaders, who comprised only 11.5% of participants, were defined as having self-reported that they:

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Gaining Insight on your Financial Data through Visualization


As a modern finance leader you need to monitor the pulse of your business with a holistic view of all important information in a single place. You need to collect data from across various sources like Excel spreadsheets, web analytics, and databases and bring that data to life in seconds through personalized dashboards, workspaces and reports that can help you make the right data-driven decisions with your key business metrics. Microsoft Dynamics GP helps you gain deeper business and risk insight from internal and external data. A more comprehensive approach improves the accuracy and integrity of insight that you can gain with actuarial, financial, and operational risk.

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Why is Financial Reporting Important in Microsoft Dynamics GP?


Whether you are outgrowing entry-level accounting software, rubber-banding an outdated legacy solution, or simply tired of paying annual maintenance fees to a vendor that provides little to no value for your money—now is the time to give your people the reporting tools they need to succeed. Microsoft Dynamics GP is an easy to use business solution with the power to support your business ambitions.

 

GP works the way you do

Dynamics GP supports your core business needs with comprehensive built-in capabilities that are easy to report on, even with multiple companies. You can be confident that Management Reporter is used for the creation, distribution and analysis of financial statements.

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How can Microsoft Dynamics GP 2016 add value?


Microsoft Dynamics GP offers a complete platform for delivering mobility and remote access solutions to companies, whether on-premises or in the cloud. Here are some system-wide changes with Microsoft Dynamics GP 2016:

Web Client enhancementsMicrosoft Dynamics GP 2016

The user interface for the Microsoft Dynamics GP 2016 Web Client has been refreshed to provide a more updated appearance. The banner in space now enables users to log in and log out, as well as indicating what company they’re logged into number of enhancements to the user experience.

Open Web Client windows using search – A new search feature let you locate and open windows through search. The new search feature also works with applications that integrate with the Web Client. (more…)

FASB’s revenue recognition standard includes complex disclosure rules


A common misconception is that revenue disclosures are just like “showing your work” in math class – i.e. simply documenting whatever calculations you made to arrive at the revenue numbers. But the disclosure requirements actually involve much more. Continuing the math class analogy, it’s as if your teacher isn’t just demanding that you show your work, but also that you write an in-depth essay explaining the approach you chose, why you chose it, what assumptions you made, what tools you used, and what processes you followed to ensure nothing would go wrong.Financial disclosures

FASB’s new standard significantly increases the amount of information companies are required to disclose about their revenue activated and related transactions. To comply, a company will likely need new processes, procedures, and controls for: (1) gathering data, (2) identifying applicable disclosures (based on relevance and materiality), and (3) preparing and reviewing disclosures and related information. It will also need information systems and personnel to support disclosure-related activities. Establishing and testing all of these elements will likely require significant time, money, and effort. (more…)