No more time to lost to data entry
Cut month-end processes to a few days instead of weeks.
Choose an integrated mid-market system with comprehensive functionality beyond financials, rentals, and service.
Organizations with unique business processes on out-of-box or entry-level accounting systems have requirements for capturing information that can’t be met by standard system. Proactive managers find they don’t have the information they need so they may use spreadsheets or even custom database applications to track key data and metrics.
Many times these new systems will not interface with existing systems and the result is a great deal of manual work to re-input or transfer data, or even to reconcile differences between the various systems. Month-ends drag out for weeks until all related systems are up-to-date and can be reconciled. Daily or even weekly reporting is a virtual impossibility.
A solution for mid-market organizations
It can be confusing to sort out which system to consider if you need a new ERP or accounting system. Entry-level systems such as QuickBooks have improved significantly,but they are not intended to manage mid-size or larger organizations and more importantly cannot answer the specific needs of an equipment rental organization.
Now that mid-market organizations are developing nearly the same business complexity as Fortune 500 companies, how can you find an affordable all-encompassing system that doesn’t offer only financials, or rental tracking. The answer is to find a product that starts with fairly comprehensive functionality, can be configured, and is integration friendly.
Dynamics NAV, the most popular mid-market system in the world
Microsoft Dynamics NAV is the world’s most popular mid-market system with well over 130,000 customers. Microsoft has made Dynamics NAV the poster child for the mid-market space with full integration to its other products such as Office 365, SharePoint, and SQL Server.
Dynamics NAV includes a strong financial system in combination with inventory, purchasing, sales management, CRM, manufacturing, advanced warehousing, job cost, service management, cash flow planning, HR, and payroll.
Why choose Dynamics NAV for your financials
So how does a Dynamics NAV system help you as you’re trying to get financials out on time and manage cash flow? The integrated database ensures your postings are real-time and so a post on a purchase order will immediately update payables, inventory, job cost, and the general ledger. No more waiting for data to be consolidated from different sources. Adding integrated mobile applications, capable of offline or connected mode, ensures data is real-time or as close as you can get.
Dynamics NAV was also designed to handle multiple currencies and languages. You can consolidate unlimited companies, in multiple currencies, with different ownership interests, unlike general ledger structure, and varying year-ends.
A system like Dynamics NAV reduces the need for extra systems and can eliminate duplicate data entry, which will greatly speed up the production of timely, accurate information and get your accounting system working for you.