Midas Switching to Dynamics GP to Consolidate Financial Management

Midas' headquarters in Itasca, Ill., recently switched its financial management and general ledger reporting systems to Microsoft Dynamics GP, Microsoft reported.

Midas said it switched "from another company's morelimited enterprise resource planning system" to Microsoft Dynamics GP, which provides completely integrated and scalable financial management, intelligence, forecasting, budgeting and reporting. Working with Microsoft Gold Certified Partner IDT Consulting Inc., also of Itasca, Ill., throughout the Microsoft Dynamics GP evaluation, selection, system-integration and implementation processes, Midas will move its remaining financial management systems to GP over the next two years.

"We looked at other software packages, but nothing came close to Microsoft Dynamics GP," said Bennett Cikoch, vice president of IT at Midas.

"The powerful business management tools, flexible and familiar components and many personalization features of Microsoft Dynamics GP are transforming the way we manage Midas' corporate finance and other business systems."

Microsoft Dynamics GP helps manage and integrate finances, e-commerce, supply chain, manufacturing, project accounting, field service, customer relationships and human resources.

Microsoft Dynamics GP will enable Midas' 40-member finance team to integrate and electronically manage virtually all of the business processes and corporate transactions within the organization's more than 1,700 franchise and company-owned locations in the United States and Canada. Inaddition to accounts receivable, accounts payable, order processing and inventory management, Midas will rely on Microsoft Dynamics GP for security-enhanced online distribution of financial reports to field staff via the integrated FRx Report Server and Business Portal.

"We expect the new Microsoft Dynamics solution to bring us efficiencies throughout the finance department and in improving information flow with the field," said James Haeger, vice president and controller for Midas.

Among other benefits he foresees are improved flexibility and limited customization in switching from ...