As businesses gear up to close the year, there is a lot of data to get through, reports to prepare, and tax season is right around the corner. Month-end, quarter-end, and year-end can be closed much faster with the support of a robust enterprise resource planning (ERP) solution. In addition, with reliable data at your fingertips, you can develop budgetary, inventory, and other strategic goals for the upcoming year with ease.
Companies using entry-level accounting software and other specialty software are facing the monumental task of closing the books for year-end. Printing out reports from each solution, performing data validation, then using their compilation of data to manually fill out regulatory, taxing, or other specialized forms and reports. The process is complicated, time-consuming, and creates an opportunity for mistakes. Get through year-end faster by replacing inefficient systems with an integrated ERP solution.
A robust ERP solution, such as Microsoft Dynamics GP, offers a single, centralized solution for all of your business data. You can manage financial transactions, control inventory and supply chain, and monitor manufacturing and distribution processes as well as manage payroll and human resources activities more efficiently from one solution instead of several separate ones. Microsoft Dynamics GP also offers a generous collection of preconfigured reporting formats. Data can be automatically populated from the ERP solution into many common report formats and you can customize your own reports. Automating the tedious task of report preparation can save valuable time, improve consistency with reporting, and you can be confident that the data you are using is reliable.
Modern ERP solutions, including Microsoft Dynamics GP, also offer business intelligence features. RoleTailored dashboards make it easier for managers to monitor key data in near real time. You can follow inventory levels, sales figures, or other metrics and respond faster to changes, keeping strategic goals on the right track.
Year-end reporting can be very busy with many important tasks requiring your constant attention. Don’t waste time handling data and creating multiple reports from scratch. Contact The Resource Group for guidance with replacing disparate systems with a stronger, integrated ERP solution and get through closing the books faster.
By The Resource Group, Washington Microsoft Dynamics GP Partner