A financial services company, realizing net profits that were lower than industry standards, looked to cut internal overhead costs. Through process analysis, the company determined that their legacy financial management system was incurring unnecessary costs. The large, clunky system required significant IT support for high volume integrations and users worked around the system because it could not handle complex consolidation structures.
Challenges from the accounting system
In addition to the excessive overhead costs, the legacy system was causing:
- Lack of transparency for shareholders and board members
- Difficulty in creating reports and audit trails that would comply with government requirements
- Extensive hours spent manually computing multi-currency adjustments and multi-company consolidations
How ERP solves the challenge
With Microsoft Dynamics GP, the financial services company now has a platform for rapid deployment and lower cost of ownership. The improved functionality, configurable workflows, and enhanced reporting capabilities have improved productivity and cut overhead costs.
Start with what you need today and easily extend services as your needs evolve—in the Microsoft cloud, on your servers, or hosted by a Microsoft Dynamics partner, such as Accountnet. Regardless of your requirements, choice of deployment, or desired payment terms (up-front purchase or a monthly subscription) Accountnet will have you up and running quickly, with less disruption to your business.
Microsoft Dynamics is sold, implemented, and supported by Accountnet, a Microsoft Gold Certified partner. Visit Accountnet’s Demo Room to take a guided tour of our solutions and contact us to chat with our Microsoft Dynamics COO who can schedule a personalized demo and provide more information about buying and deploying. We don’t just install and configure the software – we train your accounting staff to use it to create the reports they need, so they can analyze data as needed. Our solutions give both technical and non-technical employees the information they need to do their jobs well — wherever they are, in whatever application they choose to use. Take the next step towards growth with Microsoft Dynamics GP.