From automating financial transactions and tracking cash flows to maintaining records for tax and auditing compliance, modern accounting systems are capable of a number of diverse functions. Individually-designed Enterprise Resource Planning (ERP) solutions on the Microsoft Dynamics platform can even be applied to analyze and report on business data. In this manner, customized Microsoft Dynamics ERP solutions can be leveraged to improve business affairs, but only if they are effectively integrated into new or existing accounting systems.
Enterprises Demand Customized ERP Solutions
Large enterprises depend on accounting software to organize their workflows and cash flows. Companies in complex industries and those that deal with big data often require customized solutions. Such enterprises need platforms capable of integrating advanced features like the planning and operational optimization into their financial systems, and customized Microsoft Dynamics ERP systems are often the best means to achieve these goals.
Microsoft Dynamics offers flexible and scalable options for ERP, and as a result over 23,000 organizations worldwide have selected the platform for their resource planning needs. However, in order to capture the cost and efficiency benefits made possible with custom-crafted Microsoft Dynamics ERP applications, enterprises must effectively integrate these new technologies into their accounting systems.
Benefits to Integrating Customized ERP into Accounting Systems
Companies rely on accounting software to manage finances, inventory, tax liabilities, and other important aspects of doing business. Notably, rather than maintaining accounting software that stands alone, an increasing number of enterprises are building their accounting systems into a larger, customized ERP platform. This approach integrates financial considerations with other components relevant to daily operations, offering potential cost and productivity insights impossible to achieve under most legacy systems.
Microsoft Dynamics ERP solutions for Finance & Operations enable enterprises to perform the types of financial management and analysis necessary to bring their business to the next level. Software can be customized so streamline the management of critical financial and human capital while maximizing revenues and optimizing business processes. This helps businesses deliver exceptional customer experiences necessary to accelerate growth and expand presence in competitive markets.
Microsoft designed Dynamics 365 to facilitate the development of customized ERP options that improve the effectiveness of enterprise accounting systems. Microsoft Dynamics ERP solutions can be designed to improve efficiency, compliance, profitability, and responsiveness to changing market conditions. However, companies integrating customized ERP into their accounting systems must be careful to follow best practices for implementation.
Steps to Integrating Customized ERP
When it comes to integrating customized Microsoft Dynamics ERP solutions into accounting systems, companies are wise to not put the cart before the horse. An effective implementation process begins with careful analysis, planning, and review of what the business is trying to achieve with the customized platform. Visual Maps and project plans are often a helpful tool in this preliminary phase. businesses should not begin the design, development, or building of any customized ERP solution until after it has a clear and well-informed plan for implementation.
Relying on the plans an analysis developed in the first stage of ERP integration, developers can design and build customized Microsoft Dynamics ERP solutions that are functional and easily deployed. After the customized solution is built, stakeholders should review system functionality to ensure consistency with the initial project plan. After this validation phase, the system may be implemented on a preliminary test basis and the enterprise may move on to the task of training staff on the new system.
Once stakeholders and staff are clear on the goals and processes of integration, customized ERP solutions can go live. Legacy functionality and data can be migrated on to the new system, and employees can begin using the improved platform with the support of technology partners offering help-desks or ongoing training.