Does Microsoft Dynamics GP Deliver One Version of the Truth to Your Organization?

As more firms running Dynamics GP move past simply issuing financial statements and into business intelligence I hear the same request over and over: "we want one version of the truth". That's not really what people want of course. It's a way of saying that they want consistent answers to their questions. The problem comes when managers ask for something like sales numbers and get different sets of numbers because their sales data is housed in multiple systems where each system has different limitations.

Getting to one version of the truth is not magic; it's a process - sometimes a long and painful process. But I've got a few thoughts on how users of Microsoft Dynamics GP can get to one version of the truth.

Decide on the critical reporting items and find where that data lives.


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About Mark Polino

Mark Polino is a Certified Public Accountant (CPA) and a Microsoft MVP for Business Solutions. He is the author or coauthor of 5 books related to Microsoft Dynamics GP.  Mark also maintains the Dynamics GP focused website He speaks and writes regularly about ERP related topics. Mark has been a controller and CFO for a division of a publicly traded company and he has  worked as a consultant implementing ERP solutions. Mark holds additional certifications including Certified Information Technology Professional (CITP), Certified in Financial Forensics (CFF) , Chartered Global Management Accountant (CGMA). Dynamics Credentialed Professional for Dynamics GP 2015 (Core Install and Core Financials), Xero Certified. He holds a bachelor's degree in accounting from the University of Central Florida and an MBA from Rollins College. Mark lives with his family in Florida.

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One Version of the Truth

One Version of the Truth is provided by PrecisionPoint Business Warehouse for Dynamics (www.precision-point-com) without any technical knowledge required by the user.

It's the only BI product certified by Microsoft for both NAV and AX and the most powerful way of analysing Dynamics databases by end-users without them having to involve IT departments and hours/days of configuring the reports they need.

It's beauty from a user's perspective is that it automatically reconciles all ledgers so that sales, purchase or Inventory data are always reconciled to the GL and reconciling items instantly identified. Sales VP's and CFO's can now agree a fully-reconciled version of the numbers!