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by: Efficiency Pro
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Date: Wed, 18 Jan 2012 Time: 3:02 AM

Business finance management software such as Microsoft Dynamics NAV could not have come at a better time. Competition among firms has intensified with small and medium sized firms being sucked into the cycle. This has created a vacuum that another ERP, Microsoft Dynamics GP has strived to fill. There is a constant need for solutions whose implementation brings centralization into reality. The same solutions must be fully integrated with existing applications.

With Microsoft Dynamics GP, small scale business executives can be able to operate their businesses using a reliable guide. Dynamics ERP systems are developed with such business people in mind. The main aim of a firm is to provide goods or services and to make a good profit from doing so. Through a solution like Microsoft Dynamics NAV, an executive understands what needs to be done and when. Reports generated help derive comparisons and analysis.

Microsoft Dynamics NAV offers platforms for financial, supply chain and customer management. It is designed in modules for ease of use. Different individuals have specific functions to operate. The same functions are then combined together. For example a clerical officer will key in an invoice and leave it at that. The payables accountant will then generate an aging schedule with respect to what the clerical officer captures. Similar functions are found in Microsoft Dynamics GP.

At the end of the day, entire processes are completed through shared applications. Whether a firm opts for Microsoft Dynamics GP or Microsoft Dynamics NAV, the end result is that financial transactions are connected with other information to provide an insight into the business. The same system that is used for data capture is also used for human resource and customer care functions. This eliminates the need for several software applications meant to do the same thing.

Entries captured through Microsoft Dynamics NAV leave an audit trail. This helps track down the process followed. If there were mistakes along the way, they can be pinpointed and corrected. Financial management systems like Microsoft Dynamics GP make implementing internal controls easy. Cases of fraud or pilferage of stocks can be eliminated as the responsible user will be smoked out. There is total transparency across the applications.

Microsoft SQL servers are used for the database. Recently, Microsoft cloud computing technology has taken root. Firms can have Microsoft Dynamics GP hosted on a remote server at a fee. This has the benefit of saving on server maintenance and hardware. It is an advantage especially to small firms who may not have sufficient resources. Microsoft Dynamics NAV can be hosted on remote servers as well.

Microsoft ERP technical support assists business owners understand the dynamics of Microsoft Dynamics NAV or Microsoft Dynamics GP as the case may be. Software consultants help firms in the selection of the best solution with respect to their needs. They then customize the ERP to suit the clients requirements. Users are trained on how to use the system. Finally, it is installed and integrated with existing hardware in a seamless fashion.

About the Author

Jeff Lopez is the author of this article on Microsoft Dynamics SL. Find more information, about Microsoft Dynamics CRM here

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