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Is Cloud-Based Dynamics GP The Right Financial Accounting Software For Your Organization?

09 Oct

Is Cloud-Based Dynamics GP The Right Financial Accounting Software For Your Organization?

by SMB Suite
in Managed IT, SMB Blog
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When Microsoft Dynamics GP was updated and became available in the cloud, for the first time, companies could purchase a subscription to financial accounting software built on Dynamics GP.

But is Dynamics GP in the cloud the right fit for your company? Here are several key facts to consider about cloud-based Dynamics GP as you research options for accounting software.

  1. Dynamics GP in the cloud is no different from the on-premises version: The only difference is how it’s accessed and paid for. With some vendors, access is as simple as logging on to a portal via a mobile device. The application launches right out of the portal. But, again, remember that the application itself is the same as the on-premises Dynamics GP.
  2. Subscription costs are less: Cloud ERP is cheaper because you don’t have to pay the support costs that you do with on-premises solutions. On-premises upgrades typically require new hardware, which is expensive.
  3. The cloud allows for flexibility with the number of users: The cloud solution is more agile, allowing companies to adjust the number of users up or down, while on-premises solutions only let you add users. Companies often want to consolidate the users they have. For instance, they might have 15 users today, and therefore 15 licenses they’re paying maintenance on. Later, they may realize they only need seven licenses, but with the on-premises software they can’t reduce that number. With a cloud solution, companies can lower the number of users, which saves the business money.
  4. Upgrades are easier: Customers have reported that Microsoft seems to roll out updates for its cloud solutions faster than for its on-premises solutions. This is true. Cloud ERP software is designed to be upgraded automatically. With on-premises solutions, you’re paying for the rights to the software, but you also have to pay for someone to set up and implement upgrades such as new hardware, database updates and Windows Server software upgrades. This effort costs a lot of money and time.
  5. Integrations are instantaneous: When you’re using Dynamics GP in the cloud, integrations with other applications are built in. This integration is much cheaper than using an on-premises scenario, where if you want applications to work together, you have to pay an IT development firm to write the integration. And remember, application development work is about the most expensive type of work. Large organizations have spent millions on enterprise application development. Now, small- to medium-sized businesses can get it inside a cloud environment, enabling all customers to benefit from the integration. In the cloud, integration from your ERP to your CRM is already there. Companies don’t have to pay to get it built from scratch. There’s a monthly fee, sure, but this fee is far less than the cost of paying someone to build the integration for you. 

Building your company’s financial accounting efforts on Dynamics GP is a smart idea. And considering the flexibility with the number of users, upgrades, integration and built-in IT support, using a cloud ERP vendor to access the software is even better.

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Steve’s been with SMB Suite since 1998 and has been involved with nearly every aspects of the Company’s business as a strategist, professional services executive, cloud solutions architect, and senior consultant. In his current role, Steve is responsible for SMB Suite’s revenue and oversees the execution of ERP, CRM and BI projects for customers across a broad range of industries. Steve combines his expertise in MS Dynamics GP, CRM and other Microsoft products with a strong foundation in accounting and business to identify gaps and streamline customers’ processes. Prior to co-founding SMB Suite, Steve was previously Corporate Controller for MEHLE Behr and, prior to that, Audit Senior for Ernst & Young. Steve holds a Bachelor of Business Administration degree from the University of Texas at Arlington.

Jeremy is responsible for SMB Suite’s technology vision, strategy and implementation and is the architect of the Company’s Dynamics Cloud Platform. Highly adept in every facet of managed services, ERP systems and e-commerce platforms, Jeremy’s expertise spans the implementation and support of business and financial software solutions, as well as the customization and integration of SMB Suite’s cloud ERP technology stack. He holds numerous Microsoft and industry-related certifications, and was primarily responsible for designing the Company’s progressive business services platform in the early days of the Cloud. Prior to SMB Suite, Jeremy served as the financial analyst, systems administrator, and information systems liaison for a $2 billion financial services corporation.

Monty is responsible for SMB Suite’s day-to-day operation and, most importantly, its customers. As a leader, motivator and mentor, Monty creates loyal high performance teams willing to “walk through walls” to accomplish their goals. Prior to SMB Suite, Monty served as President of The Bradshaw Group (TBG), a global distributor, manufacturer, and repair facility for digital printers. In this role, he was the Company’s ambassador to its most important domestic, European and Latin American customers and TBG achieved a best-in-class Net Promoter Score of 74 for its superb customer satisfaction. Prior to TBG, Monty served as the General Manager of Sam’s Clubs three highest grossing U.S. stores and was named Regional Operator of the Year in 1999. Monty holds a BBA in Marketing from Texas Tech University and is an active member of Business Navigators. He has been active in Vistage International, Executives in Action, the Dallas/Fort Worth Retail Executives Association, as well as, A.P.I.C.S., the leading professional association for supply chain and operations management. Monty also volunteers with Hunger Busters and ManeGait, a therapeutic horsemanship organization.

David is a proven financial and information technology professional with expertise in providing business accounting software and computing solutions. He began his career by starting and managing a successful independent consulting practice for several years. He then launched the local systems consulting unit of Ernst & Young’s Entrepreneurial Services Group, leading the office into the hi-tech consulting arena. After successfully developing the unit for Ernst & Young, David founded NextCorp (which became SMB Suite in 2013) to serve the business software needs of clients throughout the US. David has made SMB Suite one of the best cloud ERP providers in the industry. In addition to being a successful entrepreneur and leader, he is a software and technology specialist, holding certifications in various Microsoft and other technologies.