Accounting Management
Accounting automation: How to lower costs in your AP department
Learn how you can lower costs in your AP department by implementing accounting automation.
Are you getting the most value from your Microsoft Dynamics GP enterprise resource planning (ERP) system?
If you’re running the out-of-the-box solution and haven’t added anything to it just yet, chances are that the answer to that question is a resounding “no.”
With that in mind, let’s take a look at 11 tools you can add to your Dynamics system to unlock even more power from the software:
- Fraxion.
A user-friendly requisitioning system that’s customizable with dozens of add-ons for a personalized experience, Fraxion is designed to help organizations take their procurement game to the next level. Add the solution into your computing environment to increase efficiency, reduce fraud and other risks, and develop even stronger relationships with your suppliers. - EthoTech.
Every company that pays out commissions knows the difficulty in figuring out how much is owed to each individual. Instead of spending a ton of time collecting that data, you can use EthoTech’s Commission Plan to simplify your commission calculations, thereby saving your company hundreds of hours over the course of a year. EthoTech also offers other Microsoft Dynamics GP integrations, including one that promises to help you take your customer service game to the next level. - Avalara.
This solution adds native multi-company support to GP purchase orders. It’s great for subsidiary arrangements and affiliate partnerships. Additionally, Avalara works with Fraxion to provide a seamless user experience from start to finish. - k-eCommerce.
Does your organization rely on a number of eCommerce sales to generate revenue? If so, you may want to try k-eCommerce’s solution for Microsoft Dynamics that enables you to provide a better experience to your users while streamlining communication channels and ensuring compliance. - Binary Stream.
This is another tool that adds native multi-company support to GP purchase orders, providing greater insight and visibility into your business’s loan activity. If your organization relies on a number of subsidiary arrangements or works with several affiliates, this solution might be just what you need to get the most out of GP. Like Avalara, Binary Stream works with Fraxion to ensure an enjoyable user experience. - Experlogix.
You can use Experlogix’s configure price quote (CPQ) solution to accurately arrive at customized quotes for each customer you deal with—which sure beats doing a lot of complex math by hand. If you need to figure out what a quote’s gross profit would be and then send that back to GP for reporting purposes, you can accomplish that task with clicks—not coding. - Fastpath.
In the aftermath of Sarbanes-Oxley, it is critical for organizations to remain compliant. That’s where Fastpath can help. The solution tells companies which individuals have access to Dynamics GP data, where the risks in that access may exist, and what users do with their access. It also enables single sign-on, requiring users only to log in to GP to unlock Fastpath functionality. - Integrity Data.
A solution that enables companies to make sure that they’re in compliance with the Affordable Care Act, they stay on top of benefits management responsibilities, and they simplify their payroll accounting operations, Integrity Data is a comprehensive tool that integrates with GP. The technology enables users to stop worrying about the complexities of compliance and take a streamlined approach to their job responsibilities. - ImageLink.
An integrated document management system that enables companies to digitize their documents and realize their goals of becoming paperless offices, ImageLink also works with Fraxion to simplify and optimize the procurement process. - KwikTag.
A platform that provides optical character recognition (OCR), KwikTag helps organizations capture the data on vendor invoices and related documents and easily make that information electronic. Companies that use KwikTag can expect their employees to save a lot of time searching for files. - Olympic Systems Project Cost.
This platform serves as a full-featured project-costing and accounting software suite. It’s easy to use and provides seamless integration with Dynamics GP. It also works with Fraxion.
There’s a reason Microsoft Dynamics GP is a popular tool: It’s a highly serviceable ERP system. But by going the extra mile and figuring out which add-ons can help the software suite provide even more value to your company, you can gain additional efficiencies that drive competitive advantages.