The speed of business is changing, and it’s not slowing down. Microsoft Dynamics SL 2018 gives people the power to set a new pace and drive real bottom-line impact. Microsoft Dynamics SL 2018 simplifies the way people work, empowering them to take inspired, decisive action and lead the change that will transform their business. Microsoft Dynamics SL is an accounting software solution that is designed to meet the unique needs of financial service companies. Microsoft Dynamics SL helps you connect management and accounting, streamline business processes, and deliver insight across your entire business. A more comprehensive approach improves the accuracy and integrity of insight that you can gain with actuarial, financial, and operational risk. Microsoft Dynamics SL delivers breakthrough insight into business performance and profitability, improve combined and loss ratios, and provide an integrated view of enterprise-wide risk exposure. Read more…
We hear about more and more firms that try to automate or migrate old reports to the new Financial Report Writer. “Better enablement with visibility” is the number one need identified by business people when it comes to how they get and use information. Visibility means getting the right information into the hands of the right people at the right time. The right information is relevant and accurate. The right people are those who know what to do next. The right time is whenever they need it. That’s the process of enablement.
Workflow automation helps you streamline key tasks and boost operational efficiencies while freeing your people to pursue their core competencies. Intuitive customization and seamless integration with your existing IT infrastructure help reduce total cost of ownership (TCO) and can extend the value of your IT investments.
Dynamics works the way you do
Microsoft Dynamics supports your core business needs with comprehensive built-in capabilities that are easy to report on, even with unlimited companies. You can be confident that Jet Global or Power BI is used for the creation, distribution and analysis of financial statements. Microsoft Dynamics pricing is not charged by the company, just by your user count.
Microsoft Dynamics makes it easy by collecting the data from every source, external and on-premises, and giving you tools to quickly analyze and explore your insights. Microsoft offers you solutions to manage complexity and drive business agility by connecting departments easily. By choosing a Microsoft Dynamics with Power BI and Office 365, you have options to deploy your resources using cloud technology — public, private or hybrid — to give you the scalability to accelerate business transformation and spending transparency needed to run a modern, lean, responsive business.
You’ll have a better handle on the numbers and better control of your business.
- Get the information you need to monitor business performance from every angle
- Increase financial transparency
- Increase workflow automation
- Spot opportunities and identify potential problems before they occur
As a Microsoft Gold Certified Partner, Accountnet helps companies get up and running with Microsoft Dynamics GP, Dynamics SL or Dynamics Business Central. 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 and SL in the cloud or on your servers—the choice is yours. Contact us at Accountnet to learn more. www.accountnet.com or call 212 Dynamics.
More and more organizations are looking for an easier way to do vendor invoice approval. The person able to authorize payment and signify his or her approval of a supplier invoice still requires an additional check signer. If the check exceeds a certain amount, a second check signer is required. This control supposedly gives multiple senior-level people the chance to stop a payment. In reality, it is more likely to only introduce another step into the payment process without really strengthening the control environment.
The term “accounts payable automation” or “AP automation” is used to describe the ongoing effort of many companies to streamline the business process of their accounts payable departments. The accounts payable department’s main responsibility is to process and review transactions between the company and its
suppliers. In other words, it is the accounts payable department’s job to make sure all outstanding invoices from suppliers are approved, processed, and paid. Processing an invoice includes recording important data from the invoice and inputting it into the company’s financial, or accounting, system. After these tasks are accomplished, the invoice must go through the company’s business process to be paid.
This process is straightforward but can become very cumbersome, especially if the company has a very large number of invoices. This problem is compounded when invoices that require processing are on paper. This can lead to lost invoices, human error during data entry, and invoice duplication. These and other problems lead to a high cost-per-invoice metric. The goal of automating the accounts payable department is to streamline this invoicing process, eliminate potential human error, and lower the cost per invoice.
Some of the most common AP automation solutions include e-invoicing, scanning and workflow, online tracking, reporting capabilities, electronic invoice user interfaces, supplier networks, payment services, and cost analytics for all invoices.
Direct integration of AP automation with your accounting system of choice is the best approach. Some companies will tell you they offer direct integration with your accounting system, but you may be unknowingly paying for this integration. Eliminating paper and automating accounts payable across companies on a Cloud Purchase-to-Pay platform that handles currency, intercompany transactions, and multi-entity bills should be “out of the box” – that is, it should not be customized. Be able to preapprove purchases against budgets and track contracts. Enjoy error-free invoice capture and approval with secure payments from any device. Accountnet helps accounts payable and purchasing departments work together to allow for a better workflow, especially when key personnel are out on vacation. E-invoicing allows vendors to submit invoices over the internet and have those invoices automatically routed and processed. Because invoice arrival and presentation are almost immediate, invoices are paid sooner; therefore, the amount of time and money it takes to process these invoices is greatly reduced.
As a Microsoft Gold Certified Partner, Accountnet helps companies get up and running with Microsoft Dynamics 365 Business Central or Dynamics SL. 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 AP automation includes DXC Procurement ( Formerly ReQlogic ) and/or Workflow in GP, to provide managers and accountants the information they need to do their jobs well — wherever they are and in whatever application they choose to use. Take the next step toward growth with Microsoft Dynamics GP. Contact us at 212-Dynamics to learn more. www.accountnet.com
LinkedIn: John C. Peace
Cloud computing and big data are no longer just buzz words, they are driving business transformation even for small and midsize businesses. By bringing together business applications and familiar productivity tools, the cloud can now offer the insights you need to better understand your customers and drive your success.
Intelligence as an advantage. Everything around us is measured, effectively making every business now a data-driven one. How can that be used to your advantage? Intelligent business solutions combine people, data, systems, and processes for a real-time view of what’s going on. Watching these data shifts can lead to more successful decision-making, such as which areas in your business to invest growth.
Clear view of business performance. Implemented by Accountnet to meet your needs, Microsoft Dynamics GP brings together operational power and customer insights to give you a holistic view of the data that makes up your business decisions. With that 360-degree view, you can identify time and cost savings, areas for performance boosts, and manual processes that can be automated for efficiency.
Transforming your business with data. Many businesses are already seeing marked improvements in financial management and tangible time savings by automating manual reporting processes. Examples include reducing month-end closing time and recovering hundreds of hours a year in time spent processing transactions. And by capturing operational data in real time, many organizations are now able to grow their business at a rate that sets them apart from competitors.
The pace of business is faster than ever and finance leaders understand the importance of agility when responding to a changing business landscape. To compete, companies must be nimble enough to rapidly address changing market conditions without the need for major capital expenditures or complex communications. Microsoft Dynamics GP in the cloud, manages complexity and drive business agility by connecting people, operations, and partners.
Are you ready to use data to transform your business? Work with Accountnet to explore how Microsoft solutions for small and midsize businesses can help you get more out of the data you already have and put it to work for you. As a Microsoft Gold Certified Partner, Accountnet helps companies get up and running with Microsoft Dynamics. 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. Visit www.accountnet.com or call 212-Dynamics to learn more.
LinkedIn: John C. Peace
Now even this supposedly safer transaction method is under greater siege.
ACH transactions are often considered safer and more difficult to compromise than paper checks and wire transfers, but that reputation might not last. In 2018, 33% of organizations were subject to ACH debit fraud and 20% to ACH credit fraud, both up several percentage points from 2017, according to an Association for Financial Professionals survey of 600-plus treasury and finance executives. What’s more, ACH was the only payment method that experienced a year-over-year increase in the percentage of companies that experienced instances of fraud.
“This new development indicates that fraudsters are now trying to use ACH transactions as vehicles for their scams as they move away from checks and wires,” according to the AFP report. ACH transactions, of course, are increasingly popular and are cheaper than wire transfers.
How are fraudsters stealing ACH funds? In many instances, “it is usually not the payment method itself that is compromised but the processes leading up to payment initiation,” the AFP explained. Overall payments fraud using account takeovers-in which a scammer illegally gets access to a bank or online e-commerce account-is up, which could also partly explain the increase in ACH frauds, said the AFP. Most accounting systems only require a routing number and an account number to initiate a payment.
Business email compromise (BEC) schemes that target individuals responsible for payments through social engineering and other methods were the way 33% of respondents said fraudsters accessed ACH credits (a direct payment pushing funds into an account) in 2018, up from 12% in 2017.
What measures are companies taking to combat such fraud? Reconciling accounts daily to identify and return unauthorized ACH debits (a direct payment that pulls funds from an account) was the most commonly used, by 65% of respondents. About 63% blocked all ACH debits except on a single account set up with ACH debit filter/ACH positive pay, and 37% blocked ACH debit filter/ACH positive pay, and 37% blocked ACH debits on all accounts.
Accountnet Inc. is a Metro New York based Microsoft Dynamics GP, Dynamics SL and Dynamics 365 Business Central VAR. Value Added Resellers for Microsoft, include software as a service (SaaS) and private or public hosting for Dynamics GP, SL. The firm focuses on Microsoft Dynamics software for reporting, consolidations, workflow and procurement with special industries of interest. Accountnet holds the following memberships: The Hedge Fund Association, American Bar Association, IAMCP, Family Office Association and The Downtown Association.
For all inquiries to: John C Peace, COO. As he can be reached at email@example.com, or visit microsoftfinancialsoftware.com. Join special events in NYC by calling 212-Dynamics.
Many companies reach a tipping point where the very tools and systems that supported their initial growth begin to hinder their ability to act with agility and insight. Microsoft Dynamics GP is a complete business management solution to help you manage your financials and reporting that takes advantage of the latest innovations, from cloud computing to mobility to social connectivity – delivered without being a burden or a risk to our cash flow.
Running a business is stress-free when the everyday communication tools in Office 365 come together with your business management systems. For example, Microsoft Dynamics GP makes it easy to combine your data, find new insights, and share them with others. By combining it with Office 365, you reduce risks, increase rewards, and unlock insights to drive more informed decisions for every department. When you connect people, processes, and systems all from one place you can make smart decisions quickly and proactively.
Quick to implement, simple to use, and hosted in the cloud, Microsoft Dynamics GP and Office 365 give you a familiar look with integrated functionality that keeps your business going and growing.
- Enhance collaboration by using team sites to share documents, connect, and collaborate in real time.
- Enable a mobile workforce with security-enhanced access anytime, anywhere.
- Reduce training time with a simple interface and consistent user experience.
- Focus IT resources on business-building projects instead of managing your technology.
- Choose how you deploy your software – in the cloud, on your servers, or in hybrid approach.
As a Microsoft Gold Certified Partner, Accountnet helps companies get up and running with Microsoft Dynamics. 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 in the cloud or on your servers—the choice is yours. Visit www.accountnet to learn more or call 212-Dynamics.