Archives for July 2016

When Should You Upgrade Your Accounting Software? | Microsoft Dynamics SL

When a business pushes against the limits of its business system, once-simple processes like payroll and invoicing quickly become very complex and new business opportunities begin to require more complicated resource management and billing methods. About the time companies are calculating the ROI of software changes, many businesses run the risk of lost business due to a lack of capacity – which highlight the opportunity cost risk.

 

The best time to upgrade your business system is before your technology begins to limit your business; however, it can be tricky to figure out exactly when that is before it happens. Here are four questions you could ask yourself to determine whether your business system is still helping you grow.

Outgrown Software

      1. Is your data managed by copying and pasting? If any of your regular book-keeping routines require your bookkeeper to copy and paste numbers into master spreadsheet, your book-keeper is over-worked and the manual work increases your risk of data error. As a business leader, you should be worrying that the manipulation of data may create opportunity for error or that data was lost in the process. Microsoft Dynamics SL automates these processes, saving time. Since the data is only manually entered once and is automatically moved to all the right places, less error is guaranteed.
      2. Can you see the health of the business in a single view? Is employee time-tracking stored in a separate place from resource availability, and is invoicing stored in another place again? If all the data is stored in the cloud, data goes in once, and information can be pulled out in whatever format you need, whether you need hours posted to different clients at different rates, or you want to compare project estimates to your outsourced freelancer’s and employee’s billable hours, and view that against your invoicing, so you can determine whether you’re losing profits by missing out on change-orders.
      3. Can you predict the future? Are you able to do long-term resource planning or even view recent business growth? To forecast availability of resources or see where you’re being most profitable in recent billings you need your business system to deliver business insight. If you put all your data into the cloud, you get a master summary of the business from which you can continue the graph to determine your future.
      4. Would data loss or hardware failure destroy your business? Is your business data stored in the cloud or in files on a server in the back room? When have you allotted time and resources to manage the technology? Most companies keep putting off taking the time to update software, transition data, change processes, and update systems across the company. The perfect time to do these tasks, of course is the moment before a hardware failure, but of course nobody can predict that. Today more companies want less dependence on technology. By storing all your company data in the cloud, data loss is no longer an issue. Also your business has no hassle with renewing servers or software – software updates happen incrementally instead of having a massive upset to the business every few years.

 

As a Microsoft Gold Certified Partner, Accountnet helps companies get up and running with Microsoft Dynamics SL. We don’t just install and configure the software – we train your accounting staff to use it to create the reports they need, so they can analyze data as needed. Our solutions give both technical and non-technical employees the information they need to do their jobs well — wherever they are, in whatever application they choose to use. Take the next step towards growth with Microsoft Dynamics SL in the cloud or on your servers—the choice is yours. Contact us at Accountnet to learn more.

 

Microsoft Dynamics Hosting and Microsoft Dynamics SaaS | Do You Need Cyber Insurance?

Every day in the US, 34,529 computer security breaches occur. Sixty-two percent of these cyber breach victims are small- to medium-sized businesses (SMBs) who are often vulnerable to these attacks. Awareness of the risk is growing, but many SMBs still face challenges in managing cyber security. Are you aware of data loss prevention best practices, and are you prepared should the worst occur?

Businesses are beginning to recognize that cyber security is extremely important. A Business Continuity Institute and BSI survey revealed that cyber-attacks and data breaches top the list of CEOs’ worries, with almost half saying they are “extremely concerned” about a potential data loss incident.

However, many companies are seriously underprepared when it comes to managing a data loss catastrophe and avoiding data loss. By adhering to data loss prevention best practices and having a managed backup and replication plan in place, your business can mitigate the damaging effects of a cyber security breach.

If you want to be fully prepared for every eventuality, you need to break through some of the biggest myths relating to data loss – and focus instead on a balanced solution that protects your company.

Click here to fill out our Needs Assessment form to see if SaaS is right for you.

Click here to fill out our Needs Assessment form to see if SaaS is right for you.

Seventy percent of SMBs who purchase cyber insurance from market-leading Lloyd’s of London are first-time buyers, so it is clear that businesses are now starting to take the risk of cyber security seriously and look for ways to protect themselves. However, businesses should be careful not to rely solely on their insurance policy in the event of a data loss catastrophe.

Cyber insurance is relatively new, still under development, and only available to cover some data loss costs. It can be beneficial in mitigating some losses but there are a limited range of providers, and no standard way to determine any company’s risk factors. This means there are still coverage gaps – which can leave SMBs at risk.

Cyber insurance might cushion the blow of financial losses to an extent, but no payout will recover the loss of business reputation that data loss creates. Following strict IT security guidelines within day to day operations is still the best practice for preventing catastrophic data loss.

Data Resolution is a SaaS and web hosting site. Accountnet provides SaaS pricing and hosting options for Microsoft Dynamics. As a Microsoft Gold Certified Partner, Accountnet helps companies get up and running with Microsoft Dynamics. We don’t just install and configure the software – we train your accounting staff to use it to create the reports they need, so they can analyze data as needed. If you want to know more about data loss prevention best practices, or discuss your own managed backup and replication plan, you can Contact us at Accountnet and speak to our consultants.

Microsoft Dynamics GP Gold Partner Receives Consummate Recognition!

Var 100 2016Accountnet Inc., a leading consulting firm and provider of cloud-based financial management solutions, announced that it has been named to Accounting Today’s VAR 100 List for 2016. Accounting Today magazine is the leading provider of online business news for the tax and accounting community, offering breaking news, in-depth features, insightful editorial analysis, and a host of web-related resources and services. Each year, the publication releases its VAR 100 list, ranking the top 100 accounting software resellers.

Manhattan’s top Microsoft VAR, Accountnet is an authorized “Gold Certified” member for Microsoft Dynamics (highest member) and is actively involved with the International Association of Microsoft Certified Partners (IAMCP). The new Microsoft Partner Network (MPN) accreditations are much more stringent than the previous Microsoft Gold Partner status accreditations and promise to better represent organizations that have demonstrated the highest, most consistent capability and commitment within a specific business solution area, such as the cloud. Accountnet’s Silver Cloud Solution Provider competency is unsurpassed. Additionally, in recognition of our industry leadership and successful engagements with customers, Accountnet was recently nominated and selected to be a part of Microsoft’s Power BI Red Carpet Program. This is an invitation-only program for Microsoft’s partners that play an important part in the growth of Microsoft Power BI. 

Microsoft Power BI leverages the cloud, Excel, and Office 365 to allow business users to analyze and visualize data using self-service.

The Power BI Red Carpet Program gives Accountnet special support services, including access to Microsoft services and offers related to Power BI. Using these services and offers, we can serve customers of all sizes in meeting their analysis needs by helping them understand their data and visualize it beyond reports and interactive charts, thereby helping them make faster and more accurate business decisions.

In just the past five years, this Wall Street-based company established itself as the Microsoft Financial Application specialist for cloud-based financial management solutions, as well as a leading provider of Midsized to Enterprise Work Flow and Approval solutions and turnkey Extended Relationship Analysis (ERA) processing of Chart of Accounts with Currency Tracking (COA+C). Accountnet’s partnership with Microsoft, the industry-leading best-in-class cloud accounting ERP for mid-market companies, is reviewed by organizations and firms daily and continues to follow a road map as more and more businesses move their financials to the cloud, taking advantage of powerful automation, insight, and performance.

Accountnet has also been named to the Bob Scott’s Insights Top 100 VARs for 2016. The Top 100 resellers are chosen from organizations specializing in the sale and implementation of Enterprise Resource Planning (ERP) and accounting software. “We want to congratulate this year’s class of Bob Scott’s Top 100 VARs,” said Bob Scott, executive editor of Bob Scott’s Insights. “This selection represents recognition of leaders in this important field.”

“We’re very proud of our continued success and we’re excited to make the VAR 100 list,” said John C. Peace, COO of Accountnet. “I feel that our mixture of accountability and a consultative approach dedicated to customer success and satisfaction, especially with our commitment to Microsoft Technology, fosters more long-term relationships with clients.”

If you are evaluating accounting software, or looking for Dynamics GP or SL support and training, contact Accountnet at 212-244-9009, visit our website, or follow us on twitter @DynamicsNewYork.

 

Can Microsoft Dynamics GP Provide Better Insight?

Running a successful business depends on the ability to gain insight into business data and extract and present information in a meaningful way. A company’s employees need to be able to transform data into actionable insight no matter where they are located in the organization. The capabilities available with Microsoft Dynamics GP can help people make informed decision-as a natural part of their everyday work experience.

Microsoft Dynamics GPAs a modern finance leader, you require a holistic view of your business to effectively drive performance. To make informed, strategic decisions, you need access to the right data. Microsoft Dynamics provides business insight through the tools users already have on their desktop. Flexible and comprehensive reporting tools, simple business intelligence capabilities and a platform for data access provide the right fit for the needs of your business. Microsoft Dynamics GP opens you to business insights finance professionals require to plan and anticipate customer needs, such as:

  • Gaining visibility and insight into how your business is performing
  • Defining who on your team makes business critical decisions on your behalf and help them respond quickly and confidently.
  • Looking up specific data related to their role like budget versus actual spend
  • Always getting the correct overview of the trial balance
  • Spotting opportunities quickly, identify potential problems before they occur, and take quick action.

As a Microsoft Gold Certified Partner, Accountnet helps companies get up and running with Microsoft Dynamics. We don’t just install and configure the software – we train your accounting staff to use it to create the reports they need, so they can analyze data as needed. Our solutions give both technical and non-technical employees the information they need to do their jobs well — wherever they are, in whatever application they choose to use. Take the next step towards growth with Microsoft Dynamics GP in the cloud or on your servers—the choice is yours. Contact us at Accountnet to learn more.

How Can Microsoft Dynamics GP Help Manage Risk?

Microsoft Dynamics GP helps you gain deeper business and risk insight from internal and external data. A more comprehensive approach improves the accuracy and integrity of insight that you can gain with actuarial, financial, and operational risk. Microsoft Dynamics GP delivers breakthrough insight into business performance and profitability, improve combined and loss ratios, and provide an integrated view of enterprise-wide risk exposure.

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One of the best defenses against business setbacks, and an important driver of business performance, is having an effective internal control system that maintains less risk and enables the creation and preservation of value. Successful organizations know how to take advantage of opportunities and counter potential flaws, in many instances through effective application of controls, and therefore improve their performance.

Internal control is an integral part of an organization’s fundamental guidance of systems and the ability to manage risk, which is understood, and actively monitored by the management and other personnel to take advantage of the opportunities and to counteract the potential of not being supported on software, which can affect the organization’s objectives.

From controllership risks to external security risks, technology is now emerging as a key resource for finance executives eager to proactively identify potential issues that can then be managed without disrupting the flow of their business. Microsoft Dynamics GP gives you one version of the truth so you can anticipate issues, and our collaboration tools help you react to them in real-time across departments, time zones and geographies to control risk. Controlling risk also means driving corporate compliance by empowering employees to take action on ideas and opportunities from almost anywhere on any device. Today’s successful digital CFOs recognize that by empowering their workforce with secure productivity tools they can help their organization tackle anything from anywhere with the built-in security that protects the business.

As a Microsoft Gold Certified Partner, Accountnet helps companies get up and running with Microsoft Dynamics. We don’t just install and configure the software – we train your accounting staff to use it to create the reports they need, so they can analyze data as needed. Our solutions give both technical and non-technical employees the information they need to do their jobs well — wherever they are, in whatever application they choose to use. Take the next step towards growth with Microsoft Dynamics GP. Contact us at Accountnet to learn more.

How Can Organizations Better Their Controls with Microsoft Dynamics?

More and more CFOs are taking precautions with better report writing and getting other departments involved with capturing, financial, budget, and procurement activity. Years ago the finance department did all these tasks. Although CFOs know that corporate functions increasingly involve more value-added work, they are nevertheless surprised by how much of their non-finance spend falls into the roll-up of the total combined calculations for the fiscal year. A lot of overhead functions have transformed from what you call “back office” and standard organizations might now look like professional services firms because they’re doing so much more decision-support work.

Microsoft Financial Software

Accounting. Companies can measure expenses using the categories in the general ledger, but it might be more informative to also measure them based on the type of work that’s being done.

Accountability. In the past, finance tried to control overhead expenses by relying heavily on automation, centralization, and standardization. But controlling the costs of the organization by anticipating or budgeting (or both) is critical to the decision-making process.

Accuracy. Planning, budgeting, compliance, and forecasting are pressing concerns of CFOs. With massive innovations in cloud, social media, mobility, and data, technology is getting much more complicated, and the field of IT vendors is growing rapidly. As a result, Microsoft Dynamics GP is providing more accounting-based analysis, whether it’s analyzing data, reporting, or in general initiating more control for the entire organization with proper planning.

Agility. The pace of business is faster than ever and finance leaders must understand the importance of agility when responding to a changing business landscape. To compete, companies must be nimble enough to rapidly address changing market conditions without the need for major capital expenditures or complex communications.

Microsoft Dynamics GP offers you solutions to manage complexity and drive business by connecting people, operations, and partners. By choosing a Microsoft business solution, you have options to deploy your resources on-site or using cloud technology — public, private or hybrid — to give you the scalability to accelerate business transformation and spending transparency needed to run a modern, lean, responsive business.

As a Microsoft Gold Certified Partner, Accountnet helps companies get up and running with Microsoft Dynamics GP. We don’t just install and configure the software – we train your accounting staff to use it to create the reports they need, so they can analyze data as needed. Our solutions give both technical and non-technical employees the information they need to do their jobs well — wherever they are, in whatever application they choose to use. Take the next step towards growth with Microsoft Dynamics GP. Contact us at Accountnet to learn more.

Written by Accountnet, Inc.

LinkedIn: Accountnet Cloud