When Cash Is King: 8 Strategies for Using Microsoft Dynamics GP to Wring Extra Money from Regular Transactions

My background is primarily technical. However, as businesses of all sizes face off against difficult economic conditions, with cash management becoming the Numero Uno priority, I feel it is time for me, and many others, to merge technical skills with business savvy to save companies money.

This article focuses on the areas of purchasing, receiving, and accounts payable--processes traditionally neglected by many companies, but among the best opportunity areas for cost savings and automation. The strategies outlined here are based on real-life experiences with a wide range of customers in various industries and what has worked effectively for their purchasing departments after implementing Microsoft Dynamics GP.

1. Get Rid of Paper. At an $800 million wholesale grocery distributor, the single biggest cost for its purchasing and payables department was...