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Posts Tagged ‘erp software’

3 Reasons Government Contractors Need Both the Right ERP Cloud Solution and the Right ERP Partner

When government contractors are searching for the right ERP Cloud solution for their business, it's important for them to also choose the right ERP partner. Here are the top three reasons why: 1 – Government Compliance Involves Unique Challenges - Government contractors must accurately price items or services and provide detailed cost information for each […]

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Top 5 Myths about ERP, pt. 1

Enterprise Resource Planning (ERP) is an obviously popular tool companies use to monitor and facilitate operations to ultimately increase revenue. But, with fame comes bad publicity. In this 2-part article, we will be talking about 5 common myths about ERP that some organizations believe.

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Is Dynamics 365 Replacing Dynamics GP ERP?

The big news from Microsoft in recent months is their cloud-based solution for CRM and ERP. Rolled out at the end of 2016, Microsoft Dynamics 365 is a solution particularly marketed to small and mid-sized organizations. Dynamics 365 runs on Microsoft’s Azure cloud platform and combines the best of CRM and ERP functionality.   With […]

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Distinct or a Bundle? The “Gotchas” in the new Revenue Recognition Standard

The confusing complexities that just may come back to bite you In our continuing series covering the major and minor points of the new Revenue Recognition rules contained within ASC 606, we wanted to shed some light on some of the nuances laced through the rules’ verbiage. While on the surface the rules sound fairly straightforward, […]

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ERP System Selection – Critical Ingredients for Systems Documentation

Selecting an ERP system is a daunting task. However, there is a recipe to ensure success when choosing a new ERP, or enterprise resource planning, software system. One of the critical ingredients in that recipe is system requirements.   When done correctly, documenting system requirements can provide many benefits. For example, it can maintain structure […]

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Compare Multi-Entity Management – Intacct versus Microsoft Dynamics GP

Are you managing multiple companies in one accounting system? Microsoft Dynamics GP includes unlimited companies (entities). Intacct includes one single entity with the ability to add unlimited, additional entities for a small, per-entity fee. Single vs. Multiple Databases Microsoft Dynamics GP creates an additional database for each additional entity (company) and you have to log […]

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Recipe for Success – Choosing Your ERP Software

In a previous blog, we discussed how you can tell if your software system needs to be replaced. So if you've decided that you want to replace the software system at your company, here’s the recipe for successful enterprise resource planning (ERP) selection.   Software Selection is a Journey Selecting the right ERP software solution […]

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How to Tell If Your Accounting Software System Needs to Be Replaced

Have you often wondered if your accounting software system needs to be replaced? Here are some common signs that can help you recognize it might be time. Age of the Accounting Software System Accounting software typically has a lifespan of 5 to 10 years. As it becomes more dated, it becomes costlier to update, more […]

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Which Industries Will Revenue Recognition Updates Impact the Most?

You know your business is unique. Depending on what you offer, what industry you focus on, and even where you’re located, you’re bringing some type of unique value to your clients. The way you manage your accounting can also be very different from other businesses. Some industries have certain ways of managing contracts while others […]

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Need Clarification to Revenue Standards? FASB Has This to Share

Many businesses are struggling to understand the recent changes to the revenue recognition standards. The US Financial Accounting Standards Board (FASB) recently released technical corrections and changes that include clarifications on contracts and preproduction costs as they pertain to long-term supply arrangements. Since these rules go into effect very soon, it’s important for businesses to […]

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