Article

Five Ways to Use Microsoft Dynamics GP to Save Cash and Aid Productivity During a Downturn

by Mark Polino
Director of Client Services, Fastpath, Integrated Business Group

The world economy isn't technically in a dowturn or recession, but there is no question that for many companies, operations aren't humming along as nicely as most executives would like.

Given the challenges, many companies are looking to cut costs, avoid new expenses, get more productivity out of existing assets, and generally save money.

Here are five ways to leverage your implementation of Microsoft Dynamics GP to save money in your business.

  • Print to screen or print to file to save supplies - Dynamics GP gives you a number of ways to avoid printing to paper. As an accountant, I'm always amazed at what companies pay to buy, store and then recycle paper. When you add in the cost of printer ink it gets outrageous. Most things can be easily printed and reviewed on screen. Anything printed for archiving should be stored electronically.
  • Use Analytics to gauge productivity - In tough times, people revert to managing by the numbers. Dynamics GP's Analysis Cubes give you ways to view your business from different perspectives. Carve up your data using Analysis Cubes to identify those hidden activities that bleed cash, and to target areas for savings. Smartlists and Excel Reports also allow you the opportunity to aggregate data and review the volume of information going through various departments. No one likes layoffs, but if you have to lay off staff, it's important to understand which staff members are most productive. Looking at the volume of transactions processed by different people doing the same job is one way to make a determination.
  • Leverage Business Ready Licensing (BRL) - If you are licensed under BRL, you ...

    FREE Membership Required to View Full Content:

    Joining MSDynamicsWorld.com gives you free, unlimited access to news, analysis, white papers, case studies, product brochures, and more. You can also receive periodic email newsletters with the latest relevant articles and content updates.
    Learn more about us here

    Get full access
BI and Reporting Dynamics GP Expense Management Financial Management
About Mark Polino

Mark Polino is a Certified Public Accountant (CPA) and a former Microsoft MVP (2007-2018) 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.

More about Mark Polino