Five Core Features of Microsoft Dynamics GP That Can Trim Expenses During Tough Times

by Mark Polino, Director of Client Services, Fastpath
published August 29, 2008

Success in a down economy often comes from a return to the basics. Fortunately, Microsoft Dynamics GP is especially adept at performing the basics.

I have identified five money-saving techniques that can be implemented using core features within Dynamics GP's functionality. These suggestions are especially relevant during the current difficult economic times many companies are living through-so important, they can save companies significant expenses. All of these features rely on core functionality already present in your Dynamics GP implementation.

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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 DynamicAccounting.net. 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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think about the human factor, too

On September 24th, 2008 pfarrell said:

These are great points. Typically, accounting software decision-makers view accounting solutions as just another chunk of change going out the door. This information demonstrates dramatically how Microsoft Dynamics GP accounting software can help bring money back in the door—particularly during tough economic times. To optimize results, however, also consider the human factor. Make sure your front line accounting crew understands completely what you’re working toward, and get them to buy in completely to the process. Make them understand that their efforts can help make a substantial contribution to the bottom line. And wherever feasible, incentivize these people to work at peak performance. The more involved and rewarded people feel, the more they will give in return. Paul Farrell, CEO, Wizard Productivity Systems LP; pfarrell@wizardus.com