Good article and the accountant in me agrees, however, the driving force behind the purchase of a new accounting system is, unfortunately, rarely left to the Accountants. Like all 4 MBS products, the customer need drives the purchase. If companies are in similar LOBs the single database works great. For companies that have disparate LOBs, the control and management of separate databases is often preferred. The reality hits when Supply Chain, Operations Management, Multi-Currency, and other pesky functional areas drive the decision. If only the Accounts had the final say, life would be swell with GP and SL!

Mr Boyer - That was a good article to say the least - I am a GP resource but having been in this area for 10+ years, I don't always get an opportunity to contrast the different products as much as I should (my employer has resources for all the Dynamics ERPs). I enjoyed hearing what Binary Stream's MEM can do vs SL out-of-the-box and agree that the Binary Stream module is very robust and covers a lot of ground. You wrapped up nicely by talking about National Accounts, Collections Management, etc. It would be great to see more articles like this in the future where objective comparisons are made. Customers ask questions like this all the time, and we in this space should help them with their due diligence to the best of our ability so they can leverage all that the Dynamics product line offers, which is a great deal if you ask me! Thx, Bob

Jack – good article. I didn’t see the topic of currency mentioned. A big challenge for any SL client with multiple companies is expanding multi-nationally with multiple currencies. While Dynamics SL out of the box does not handle this, with a combination of labor intensive data entry and monitoring of exchange rates, some customers have made it work. However, Admiral Consulting Group has developed a Multi-Currency Intercompany (MCIC) solution built into Dynamics SL which fully automates the GL, AP and AR functions for transactions involving multiple currencies. This solution has saved customers many days each month in the closing process. In addition, MCIC automates the situation where the companies have a customer/vendor relationship with AR to AP multicurrency processing. An Intercompany Allocation module is also available. The website is www.admiral-usa.com. Email is info@admiral-usa.com.

Aaron, Thanks very much for your post. We've run into that situation once for sure where the multi-currency did not work as well as we would have liked in a mult-company scenario. Of our 125 SL clients howevever, only about 20 use Multi-Company however. Our GP experience is similar with slightly fewer clients. I'm sure firms on both coasts have that issue with needing multiple currencies and multiple companies. Here in Minneapolis, the demand for both has been light. We will share with this one client your solution.