4 Game-Changing Features of Microsoft Dynamics GP 2015

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Microsoft’s most recent edition of Dynamics GP (formerly Great Plains) was released in December 2014 and was a hot topic at Microsoft’s 2014 reIMAGINE Conference. As Microsoft Dynamics GP continues building a comprehensive business management solution for small and midsized companies, the Dynamics GP 2015 release provides users with several improvements, including stronger core functionality.

Big changes users are experiencing include service-based architecture, identity management, Azure procurement and apps on multiple platforms. However, sometimes the smallest improvements are what get the end users excited, including the following four new features released with Dynamics GP 2015:

Edit Email on Historical Transactions

With the release of Dynamics GP 2010, Microsoft introduced the ability to email documents, but users were unable to edit the email address once it was posted. Now, in Dynamics GP 2015, users can go into historical documents to add, update, resend or even select multiple documents to send at once.

Void Intercompany Journal Entries

To void a previously posted intercompany journal entry in the past, users had to first void the entry in the originating company then go into each of the destination companies to void the same entry. With the release ofMicrosoft Dynamics GP 2015, when users void an intercompany journal entry in the originating company, Dynamics GP automatically voids the entry in all destination companies. Dynamics GP has also added a new intercompany journal entry inquiry window, where users can view all journal entries in an originating company and destination companies at once.

There’s An App for That: Business Analyzer App

Microsoft created the Business Analyzer app that users can access on multiple platforms and obtain key performance indicators and Management Reporter reports to view financial statements. Previously, Business Analyzer resided on a desktop and was only downloadable on Windows platforms. In addition to Windows, users can now download the Business Analyzer app on Android and iOS platforms.

Increased Functionality with Reporting

The new Dynamics GP release brings added functionality to three aspects of reporting: Management Reporter, SmartList Designer and the Fixed Asset Management Module.

  • Users can now access key reports in Management Reporter off their Navigation Lists located directly within Dynamics GP.
  • SmartList Designer comes standard with Dynamics GP and now allows users to create a refreshable Excel spreadsheet that grants users access to updated data without utilizing a GP license.
  • The Fixed Asset Management Module now includes a year-end close report. The report shows which assets were impacted, year-to-date depreciation, net book value, accumulated depreciation and more.

While updates to ERP systems might becoming more frequent, it provides a huge opportunity for companies to find the features that will greatly improve their user experience and provide more insight into their operations.

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This publication contains general information only and Sikich is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or any other professional advice or services. This publication is not a substitute for such professional advice or services, nor should you use it as a basis for any decision, action or omission that may affect you or your business. Before making any decision, taking any action or omitting an action that may affect you or your business, you should consult a qualified professional advisor. You acknowledge that Sikich shall not be responsible for any loss sustained by you or any person who relies on this publication.

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