Microsoft Dynamics GP has been a popular ERP solution for small and medium businesses for years. But now Microsoft is pushing other solutions like Microsoft Dynamics 365 Business Central, and GP customers are understandably concerned that their software will either go away or lose the support and continual updates necessary to make it a viable option in the years ahead.
If you’re caught in this situation, it’s worth considering a transition to alternatives such as Sage Intacct, the industry-leading cloud financial solution. Following are some of the differences between Microsoft Dynamics GP and Sage Intacct, which can help you appreciate why it may be worth making the transition.
1. Support for business growth
If you anticipate that your organization will expand in the year or so ahead, transitioning now to Sage Intacct will put you in a better position to support that growth.
Sage Intacct provides unlimited scalability, and it enables businesses to add size and complexity without hiring new employees. As a cloud-based solution, Sage Intacct also enables consistent access for employees, so they can view key metrics and more by phone, laptop, or desktop—anytime, anywhere.
Unlike Microsoft Dynamics GP software, Sage Intacct also enables you to enforce consistency in process workflows and recording transactions across your growing business. You can add new entities in minutes, enforce a shared chart of accounts, and gain visibility on how new locations, lines of business, and more are driving performance.
2. Better, faster reports
Compared to Microsoft Dynamics GP, Sage Intacct makes it much easier to create detailed financial reports across entities—in minutes, not days. One reason is Sage Intacct’s Dimensions feature, which allows you to tag each transaction with relevant business data. This replaces the traditional chart of accounts and enables you to group and sort information across all business areas, which in turn speeds analyses and financial report creation.
3. Enhanced visibility
A common complaint about Microsoft Dynamics GP is that financial and operational data is heavily compartmentalized, which makes it time-consuming to get visibility into business performance. With Sage Intacct, you get real-time, customizable dashboards that provide critical information at a glance. Using Dimensions, users can slice and dice data and drill down to understand root causes, enabling smarter, more proactive decision-making.
4. Regular updates
It’s likely that you’ll see fewer updates and less support for Microsoft Dynamics GP, as Microsoft puts its energy behind other solutions. By contrast, Sage Intacct issues updates four times a year, continually refining existing capabilities and adding new features that can make it even more valuable to your business.
Is it time to migrate?
As the only AICPA-preferred financial management solution, Sage Intacct delivers unique features and benefits compared to Microsoft Dynamics GP. The Sage Intacct experts at Michaud Accounting Solutions can help you determine if now is the right time for you to transition to a new ERP solution.