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Ryan Pekrul, Author at FMT

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Migrating from Dynamics GP to D365 Business Central
So you want to take your business to the cloud. Dynamics GP has been great. It’s comfortable, it’s widely used and supported across North America, but let’s face it…it could use some updates to take advantage of newer technologies offered by other systems. Moving to a more modern platform can provide many advantages to an organization. However, migrating from an on-premise to cloud deployment can be a large undertaking and the advantages offered may also come with a cost - Dynamics 365 Business Central (BC) is no exception. Throughout this article, we aim to highlight topics that should be considered when contemplating a migration from Dynamics GP to Dynamics 365 Business Central. Start by taking a look at the advantages of migrating. Advantages • Improved Platform/User Experience – Dynamics 365 Business Central offers a more modern look and feel which allows users to take advantage of enhanced dashboards and other […]
Choosing the Right Tools for Auditing Activity Inside Dynamics GP
Change… It is something that every organization faces.  Whether it is the change of a business process, change of personnel, change of a software solution or change of data within a software.  Some types of change are more complex than others, but even something as simple as the changing of data within a system can result in a significant amount of resources being expended.  Frequently determining the how, why, when and who behind the change will take exponentially longer than the actual change itself.  In order to reduce the effort spent on answering these questions, we will review the key features of the tools available for Dynamics GP that will help audit the system.  Our goal is to provide you with a succinct snapshot of the options available for Dynamics GP and help narrow down the correct solution for your organization.  Below are four options that will help you answer […]
Multi-Entity Management in Microsoft Dynamics GP Made Easy with Binary Stream
Does your company have a complex business structure that may require multiple legal entities with complicated reporting requirements? Are you tired of the hassle associated with maintaining separate GP companies for each entity? Are you frustrated with maintaining multiple vendor, customer, employee and fixed asset master records or managing consolidated reporting through differing chart of accounts? If so, Binary Stream’s Multi-Entity Management tool for Dynamics GP may be of interest to you. This product allows multiple entities to be managed within a single Dynamics GP company by using an entity designation within your chart of accounts. Below are some of the key benefits of the Multi-Entity Management tool: The ability to manage centralized or de-centralized checkbooks, customer, vendor, item master listings for all entities within a company. The capacity to generate entity-specific reporting such as Accounts Payable/Receivable trial balances, Vendor 1099s, Employee W2s and Accounts Payable/Payroll check formats, etc. The […]
Mergers & Acquisitions in Microsoft Dynamics GP
In today’s business environment the need for mergers, acquisitions and dispositions is becoming increasingly more important to drive and sustain the growth desired by company stakeholders and executive teams. In some cases, these types of transactions can present extraordinarily complex accounting circumstances as well as difficulties associated with integrating new entities into the existing financial system. When faced with these situations the following questions can arise: Is it possible to perform multiple fiscal year-end processes for a single year (one pre-acquisition/disposition and one post-acquisition/disposition)? Is there a method to combine data from multiple Dynamics GP company databases in order to have unified information going forward? Well, the answer to the above is a resounding YES! Many of the utilities available in the Microsoft Dynamics Professional Services Tools Library (PSTL) can aid with these scenarios. Now for the best part, it is free with your annual Microsoft Dynamics software licensing. Some of […]
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