Dynamics 365 Financials vs Dynamics GP: Not Better, Just Different

ms-dynamics-365-demoMany people are still unsure about where Dynamics 365 Financials fits in and how it compares to Dynamics GP.  Is one better than the other? How do they differ? Which one is right for my company? Determining which ERP solution is the best fit for your business can be a challenge.  Even more so when a new solution enters the marketplace. The best way to decide which solution is right for you is to compare the two and gain a deeper understanding of which one will address your company’s needs.

General Facts

Dynamics GP is best suited for companies that

  • have an annual revenue of $5-$500 million
  • 5-250 users (can go as high as 500)
  • Up to 1000 employees

Dynamics 365 Financials, Business edition is best suited for companies that:

  • Have an annual revenue of $5-$50 million
  • Up to 250 users max
  • Up to 250 employees

Accessibility

Dynamics 365 is a full SaaS solution accessed in the Microsoft Azure cloud.  Dynamics GP, on the other hand, can be deployed on-premises. It is also available hosted by partners, on Microsoft Azure, or by subscription pricing in a partners private cloud.

  • Dynamics 365 is a great option for companies that lack the hardware or IT support for an on-premises solution or that need to frequently scale the number of users for their solution.
  • Companies that prefer to keep their ERP solution on their own servers will find the on-premises deployment of Dynamics GP to better suit their needs.

Financial Functionality

Dynamics 365 and Dynamics GP have similar offerings when it comes to financial functionality. Both offer:

  • ways to segment the General Ledger Account Structure
  • budgeting
  • reporting
  • support for Fixed Asset management and eBanking.

Dynamics GP also offers:

  • additional functionality for allocation accounts, forecasting, and inter-company transaction processing

Both support

  • multiple entities
  • multiple currencies
  • multiple languages
  • and localization

Both have

  • reports built on SQL Server Reporting Services
  • direct integration with Power BI

Dynamics GP also offers

  • a few more reporting and analytics options

Integrations and Add-on Functionality

Dynamics GP has a deep history and a proven track record. Hugely supported in the Microsoft community, it has delivered results since 1984. With a network of hundreds of ISV partners, it has the flexibility to add on additional software solutions to enhance the product and meet your specific business needs. On the flip side, Dynamics 365 licenses include access to the new AppSource which enables developers to create add-on functionality.

Contact Rimrock today. Instead of trying to decide which one is better, let us help you decide which one is right for your business.

Helpful Resources for Dynamics GP Year End Close 2016

The end of the year is already here! If your job includes payroll or payables processing, this means it is now time to close the year in Microsoft Dynamics GP.

The team at Rimrock is here to ease the anxiety of the year-end close process for all of our clients. If you need professional support from Rimrock Corporation, please visit Dynamics GP Support.

Before you begin your year-end close, please remember the following:

  • Don’t forget about all the helpful resources you have at your fingertips: CustomerSource, Microsoft Dynamics GP Solutions Support, and your team at Rimrock Corporation
  • Be sure to complete all of your daily activities before anything else.
  • Take your time and do not rush anything.
  • Remember to always make backups before and after every module closing.

Other Helpful Resources:

Knowledge Base

Discussion

  • https://community.dynamics.com/product/gp/default.aspx
  • Start a year-end discussion with other members of the Microsoft customer community. This database provides you with the opportunity to exchange information with other customers, which is perfect for providing tips and answers to year-end questions.

Links to Close Procedures

Microsoft Dynamics GP Goes Forward

gproadmapThe question has been on everyone’s mind. Will the release of Dynamics 365 mean the end of Microsoft Dynamics GP? The answer from Microsoft is a resounding NO. In fact, Microsoft Dynamics GP product manager, Errol Schoenfish, stressed to the hundreds of GP partners at reIMAGINE 2016 this past week “Dynamics GP goes forward.” Microsoft even showed the audience confirmation for the future of the product, including a sneak peek at the upcoming GP 2016 R2 release and a product roadmap through 2017 for GP and the rest of the Dynamics product line.

Microsoft also informed the crowd that they will be moving from a semi-annual to an annual GP release schedule. That means that after GP 2016 R2, which is planned for later this year, the next release will be in the second half of 2017. According to Brian Meier, the senior program manager. an annual release schedule will better match the pace that partners and customers want.

GP “Next,” as it is called today, is planned to be released in the second half of 2017. Although it is still in its early stages, Meier did say that it is expected to introduce OData services for multi-tenant Dynamics GP, those OData services being consumable from the web client; also, improved Office integration, specifically for OneDrive and Excel Online. Meier said the integration with these cloud-based Microsoft productivity apps will get cloud-based GP solutions better aligned with Microsoft’s other core cloud offerings.

Meier also suggested that partners use Microsoft Connect to vote for other features they would like to see in the 2017 release. Popular choices so far include inventory bar codes and intercompany bank transfers.

After hearing from Microsoft, it is safe to assume that Dynamics GP will be around for a long, long time. According to Pam Misialek, a Microsoft executive, “Microsoft will keep developing Dynamics GP as long as Partners keep selling it.”

Contact Rimrock Corporation to learn more about Dynamics GP.

Bring your Dynamics GP Data to Life with Power BI

5078.dashboard5One of the most exciting new features released with Dynamics GP 2016 was the integration of Power BI. Power BI is a powerful reporting tool that, when integrated with Dynamics GP, can bring your data to life. It allows you to seamlessly access Power BI reports directly from your Dynamics GP 2016 homepage giving you a snapshot of your most critical data at all times. By transforming your organization’s data into rich visuals, it provides accurate metrics helping your company keep track of its financial health, all without leaving GP.

With the help of Power BI, you can now make use of all the data you have collected and get answers to important questions such as:

  • Is there a relationship between the sale of a certain item and the day of the month? Why?
  • Why is revenue increasing in some territories but decreasing in others?
  • What transactions are completely opposing to the current trend? why?

Some of the benefits of Power BI and Dynamics GP 2016

  • Provides you with an accurate, real-time snapshot of your important metrics. By being able to see what’s going on at all times in your organization and spot any critical changes, you can quickly diagnose, solve and prevent problems or inefficiencies within your business.
  • Pull live data from your GP database rather than having to export your information into Excel spreadsheets.
  • Works across all platforms and devices, bringing your Dynamics GP reports to your laptop, smartphone, or other devices.
  • Detailed charts and graphs give you deeper insights into how financial decisions affect your bottom-line.
  • All reporting is located in one place saving time from having to go to another location to view reports.
  • Empowers your staff with the information they need to be more efficient and make better-informed decisions.

Microsoft Power BI is a true partner to Dynamics GP and, with an attractive and detailed dashboard interface, it is a complete data analysis tool that is both intuitive and easy to use. With the click of a button, you can create reports, graphs, and charts that will make sense of your information and give you greater insights into your business.

Contact Rimrock for more information about how Power BI can help your organization stay in the know and spot trends as they happen.

Microsoft Cloud Solution Provider Client Benefits

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We are pleased to announce that Rimrock Corporation has been accredited by Microsoft to be a Tier-1 Microsoft Cloud Solution Provider (CSP) Partner. This means we are authorized to provision and directly manage the Microsoft Cloud software used by our clients and can now bundle Microsoft Cloud products such as Office 365, CRM Online, SharePoint Online, Microsoft Azure, and Enterprise Mobility Suite with our own Dynamics GP and Dynamics CRM offerings.

How will our customers benefit from Rimrock’s new CSP status? We can now help them budget, optimize and administrate all of their Microsoft Cloud software. Clients can obtain higher levels of user security, optimized license rates & plans, and simplified administration through consolidated billing. Using Rimrock as their Microsoft Cloud Solution Provider will give them a single support contact and the ability to leverage an integrated cloud technology stack.

To learn more about how the Microsoft Cloud can best benefit your organization, please contact us here to speak to an expert.

How to Prepare for your Dynamics GP 2016 Upgrade

069b6101afd9db17e99726cb49ac0b0aDynamics GP 2016 was released on May 1, 2016, which means you have probably heard a lot about all the great new features and upgrades. Before you begin an upgrade, it’s important to understand what’s involved. Whether you’ve been staying on top of the new versions or have taken a few releases off, we have a created a checklist to help ensure you are prepared.

  • We understand our upgrade path

If you’ve been staying current on your updates, your upgrade path should be directly from your current version of GP to the newest release. Most customers will be able to make a direct upgrade. However, there are situations where a two-stage upgrade will be needed. For example, there is no direct upgrade from Microsoft Dynamics GP 2010 to Microsoft Dynamics GP 2016, so that would involve upgrading to an intermediate version before moving to the most recent release. Be sure you have allotted extra time as this can add roughly 50% to the total time required for an upgrade.

  • We will/will not require a test upgrade

If you’re relatively current, don’t have complex integrations and don’t have many companies or locations, there should be no issues upgrading GP. However, if you don’t meet the above criteria, it might be worth considering a test upgrade. Although a test upgrade does add more cost upfront, it can prove more cost-effective to identify and mitigate risk in a test environment to prevent costly issues later.

  • Our hardware/software is compatible

This is a pretty standard part of any software upgrade but it’s also something that’s easy for you to check. Just don’t forget to review the specifications for the server you plan to install GP on as well as the workstations for your GP users. You can view the full GP 2016 System Requirements here.

  • Our third-party add-ons and integrations support the new version

If you’re using Dynamics GP as an independent product, you don’t need to worry. If you’re using ISV products or have integrations that rely on third-party tools (Scribe for example) you’ll need to make sure that they support GP 2016. Many of the major software vendors that integrate with GP already support GP 2016, or have plans to do so in the next month. If your third-party supports the relevant version of GP, it will be upgraded along with GP. If it doesn’t, you’ll need to delay your upgrade or find a different solution.

  • Our backups are complete and recent

This is a crucial and obvious step, yet easily overlooked if you haven’t had issues for a while. Before you initiate an upgrade, ensure that your backups are current and complete.

  • We have researched what new modules and features we want to use

Before you decide to upgrade it is important to review all the new features and offers of the release. Once you have decided which features you want to take advantage of or new modules you want to install, then you can assess your existing processes and/or schedule some additional training. You can see what’s new in GP 2016 in the New Feature Blog Series.

Contact Rimrock to ensure you have completed your checklist or to answer any questions you have about upgrading to Dynamics GP 2016.

 

Dynamics GP 2016: Exciting New Features

Another major Microsoft release is just weeks away! Microsoft Dynamics GP 2016 will be generally available worldwide on May 1, 2016.  This is an exciting release because it has so many new features that will transform the way you and your company interact with your business solutions.

The big news for this release will be the new HTML5 web client. HTML is the standard language for formatting and displaying documents and online content on the World Wide Web and web apps.  HTML5 is the latest and greatest standard for that language and using it to power GP 2016 will improve performance across web browsers. This is an exciting update because it means users will be able to operate Microsoft Dynamics GP in its entirety from any device that supports HTML5 web browsers. The powerful functions in Dynamics GP will be completely accessible from your iPad or Android tablet, OSX and Linux, and on any browser that supports HTML5, such as Explorer, Edge, Chrome, Safari and Firefox!

According to Pam Misialek, a Microsoft Dynamics GP marketing manager, “It enables users to work when they want, how they want, with the device they want. It enables businesses to have control over how they leverage the cloud.”

Another exciting addition to the Dynamics 2016 release is the inclusion of Power BI on your GP Homepage. BI Reporting is a critical feature for management and with the arrival of GP 2016, Power BI Reports will be made available right on the GP home page. Having a detailed snapshot of your most critical data will help you quickly and accurately diagnose, solve and prevent problems within your business.

Contact Rimrock Corporation to find out more about all the great new features of Dynamics GP 2016. With various license types, choice of deployment, and now the ability to use GP on any device, Microsoft Dynamics GP 2016 will help take your business to the next level.

 

Rimrock Corporation Announces Microsoft Silver Customer Relationship Management (CRM) Competency

2016 - WhiteRimrock Corporation is proud to announce that we have achieved a Microsoft Silver Customer Relationship (CRM) competency, demonstrating our ability to meet Microsoft Dynamics customers’ evolving needs in today’s dynamic business environment.

To earn a Microsoft Silver CRM designation, Rimrock successfully passed a series of exams showcasing our high level of technology experience and expertise, as well as providing customer references displaying successful implementation and customer satisfaction. Rimrock displayed knowledge and proficiency in installing, configuring and administering Microsoft Dynamics CRM software and proved our commitment to delivering the highest level of service to our customers.

“By achieving a silver competency, organizations have proven their expertise in specific technology areas, placing them among the top 5 percent of Microsoft partners worldwide,” said Phil Sorgen, corporate vice president, Worldwide Partner Group at Microsoft Corp. “When customers look for an IT partner to meet their business challenges, choosing a company that has attained Microsoft competencies is a smart move. These are highly qualified professionals with access to Microsoft technical support and product teams.”

While our team of certified professionals already brought over 20 years of Dynamics CRM experience to the table, this Microsoft Silver Customer Relationship Management competency validates our qualifications as an organization. Our goal is to fast-track our customers’ success by delivering flexible and tailored solutions to their business demands in their respective industries.

About Rimrock

Rimrock Corporation is a boutique consulting firm specializing in Microsoft Dynamics GP and Microsoft Dynamics CRM software solutions. We are a Microsoft Gold Certified ERP Partner and a Silver Certified CRM Partner. Rimrock is located in beautiful mid-town Toronto, Ontario.

Since 1994, Rimrock Corporation has been providing Microsoft Dynamics business solutions designed to improve the productivity and performance of business units across organizations. We focus on providing exceptional service and delivering tangible results. We are positioned to assess every layer of your business. Whether you face financial challenges, customer management issues, business intelligence necessities, automated workflow issues or budgeting needs, we have the solution.

Contact Rimrock and learn how to quickly resolve the business management issues you are facing.

Dynamics GP Promotions – ‘Give Me 5’ Extended into 2016!

Through June 27, 2016 new customers can license the Dynamics GP starter pack—the first three full concurrent client access licenses (CAL)—plus two additional CALs for $7,600. In addition, customers can receive the following discounts if purchased with the same order:

  • 10 percent off the price of additional full CALs
  • Add the Extended Pack for $7,600—a 24 percent discount

This promotion only is available to new Dynamics GP customers using the perpetual licensing model.

Microsoft Dynamics GP is easy to use, and has the power to meet your needs today and as your business grows.

Contact Rimrock for more information or to take advantage of this offer.

More Information or a Demo