Category Archives: Intacct and Dynamics SL

Top 4 Ways an ERP Software Partner Should Support You

When selecting a new ERP, financial management, and/or project accounting system, software is not the only consideration. It’s also important to choose a proven partner, that can help you with the selection process, a successful implementation and configuration, training, ongoing technical support, connecting you to a vibrant software community, and showing long-term commitment to the product.

Watch this video to learn how important this is.

Top 4 Ways You Should Get Support from an ERP Partner


How to Add On-Screen Messages to Keep Users Informed

One of the really cool features in both Dynamics SL and Intacct is that it is fairly easy to add messages to data entry screens. Visuals are very effective and if you think about it, there are many useful purposes for on-screen messages, such as:

  • Help ensure data entry is more accurate.
  • Give tips about fields or options in the open screen.
  • Inform users of a new feature, field, or function that was installed during an update.
  • Add a hyperlink to a relative resource.

To see a full article and one of our “How to” Tips & Tricks videos on the subject, click below.

Add On-Screen Messages in Dynamics SL | Add On-Screen Messages in Intacct

ERP: The Key to Growth and Efficiency

Synergy Executive Series – Article 4

The objective of an enterprise resource planning (ERP) solution is to unify and standardize business processes. This can be in financial management, project accounting, reporting, revenue recognition, and other accounting, sales, service, and customer management activities. Centralizing information makes it easier to collect, access, and manage data across the enterprise. Moreover, it helps businesses reap critical value from ERP through expanded visibility into data that can be used to better inform their business decisions and operational proficiency. But many businesses don’t realize how ERP is the key to their own business growth and efficiency.

For companies that have not implemented an ERP system, the top two reasons given are the perception that (1) the effort to implement is a daunting task and (2) the cost of the software and services is prohibitive. But for organizations that have implemented a best-in-class system, they realize these perceptions are not warranted. They discover there are several reasons a new ERP system is well worth it:

  • Any effort expended and cost are usually repaid with measurable and significant efficiency improvements. For example, Dynamics SL can deliver payback in as little as six months, and with Intacct Cloud financials, some organizations achieve payback in less than six months!

  • Many ERP solutions are scalable, allowing for incremental, phased rollouts.

  • A Cloud-based or hosted deployment of ERP results in lower total cost of ownership (TCO) and reduces the effort and cost of upgrades. With a Cloud-based system, it can eliminate upgrade costs entirely as they are included in the subscription fee.

  • With ERP, best-in-class companies are reducing operational costs by 20% and administration expense by 18%.

ERP provides the fiscal and operational system of record upon which you run your business. It serves to standardize, streamline, automate, and add visibility and transparency to your processes. In short, it empowers you to easily manage and make sense of mountains of data. To learn more, download the entire article, ERP: The Key to Growth and Efficiency.

3 Ways Modern Accounting Systems Remove Business Obstacles

Synergy Executive Series – Article 2

Traditionally, companies are slow to react to economic changes resulting in knee jerk, untimely decisions. How they view their accounting and business systems is usually no different, waiting until the pain is too great to endure. System crashes, multiple databases busting at the seams, and bad processes all lead to poor customer service and businesses being at a competitive disadvantage. Making a change to a company’s financial management and accounting system can solve these issues. Here are three ways a new, best-in-class system (e.g., Microsoft Dynamics SL or Intacct, depending on your needs) can transform a project-based business:

1 – Eliminate Information Silos – To manage projects more profitably, you need one system of truth—one view of your projects and value chain from start to finish. This single view will enable you to make better decisions based upon unobstructed accurate observance into finances from project P&Ls to operations and logistics. Without it, each department has their own truth which hinders effective decision making. Microsoft Dynamics SL or Intacct tears down the silos.

2 – Enable Standardized Processes – The achievement of your company’s strategic objectives is reliant on how well you can align your workforce with processes that will consistently deliver on those goals. Advanced business management systems like Intacct and Dynamics SL provide a solid foundation to help ensure your processes are consistent and repeatable—based on the best practices that apply to the ways in which your organization serves your customers.

3 – Empower Team Collaboration – Mobile and remote workers are the norm these days as well as the nature of professional services projects. The ability to manage teams using role-based and Web-based collaboration tools and communication portals keeps everyone moving forward in step with the project’s objectives and the activities of each team member. This is easily done in either Intacct’s Cloud-based platform or Dynamics SL’s web-based Business Portal.

To read the whole article, download: The Value of Modern Accounting and Business Systems.

3 Ways to Save Time and Your Sanity Through a New System

Synergy Executive Series – Article 1

Whether you’re a professional services, project-driven, or software/SaaS company, improving organizational performance should always be on your radar. One way to do that is to employ an adaptable ERP system (financial management, project accounting, revenue management, etc.), either Cloud-based or on-premise per your unique situation, to automate processes, shorten time to close, and generate accurate reports for better decision making. This article in our Executive Series, shows you how this can be a reality not a pipe dream for your company.

1 – Automate Workflow and Processes – The root of poor, manual processes is a lack of integration in your system. This leads to spreadsheet hell–when a unwieldy number of spreadsheet versions, collaboration challenges, errors in formula models, and a lack of a centralized record of changes leads to long, punishing hours of work. It can also lead to you questioning your sanity. The outcome is less accurate information and long closing times. The answer is to automate through integration.

2 – Shorten Times to Close – Long times to close are caused by things like spreadsheet hell. With an integrated system with access to real-time, accurate data (one version of the truth), close times can be halfed or less. The right new software system delivers this.

3 – Develop Flexible Reporting – By switching from a transactional process to a dynamic system, mid-sized companies have been successful at reducing the time it takes to generate customized reports by at least 20 hours per month. This means, among other things, they can quickly identify why costs are high in a certain area and solve a problem before it impacts profitability. The result is confidence. Again, a new, integrated system makes this possible.

To read the whole story of how to save time and your sanity, download Turning Insight into Action: It’s a Matter of Time, and visit the Synergy Microsoft Dynamcis SL and Intacct pages.

Adaptable! Intacct Cloud Accounting and Financial Management Software

by Michael Camp

Synergy provides another robust, integrated solution besides Microsoft Dynamics SL ERP that is secure, highly accessible, and Cloud-based. It’s web-based accounting software called Intacct. One of its strong points is the way it can adapt to your unique business needs as you evolve and grow. Here are some of its other benefits that make your work easier:

• Keeps your business moving and flowing much smoother
• Helps you achieve more value from your existing software
• Integrates with Salesforce so data flows between the two
• Brings best practices of its users into the product
• Delivers new and improved functionality on a continuous basis
• Provides robust financial management and accounting software you’ll probably never outgrow

Don’t take my word for it, listen what happy Intacct users have to say:

Clearing the Fog from Cloud Computing

by Michael Camp

Confused about the Cloud? Don’t be.

Synergy has several resources available to help companies understand Cloud computing and evaluate a business case for moving to it. Whether you already have on-premise Microsoft Dynamics ERP software, are exploring a new accounting system, or just want to research the benefits of the Cloud (and cut through the hype), you will find information to help you make an informed decision.

First, there is Considering Cloud and On-Premise Accounting Solutions: A Guide to Put Things in Focus. This document reviews the various choices companies have to achieve the unprecedented flexibility, anytime/anywhere real-time visibility, and higher ROI the Cloud offers. It explains the differences between the three major categories of modern  software: on-premise, Cloud hosted solutions, and Cloud web-based solutions with a handy comparison chart. It traces the real differences, what you need to consider, all the potential benefits Cloud computing brings, particularly for financial management and accounting, and when an on-premise deployment is still the right choice. If things were hazy before, they won’t be after reading this document.

In addition, a whitepaper and report by the Harvard Business Review entitled Achieving Competitive Advantage in the Age of Cloud Computing, includes lessons about how strategic the Cloud can be. It reveals some of the major benefits of Cloud computing:

  • Lower capital investment
  • Increased efficiency and productivity
  • Unlocking real-time information for all stakeholders
  • Improved customer support
  • Reduced risk
  • Competitive advantage

Finally, Synergy sells, implements, and supports Cloud-based Intacct financial management and accounting software and we have a wealth of information on this award-winning solution at our Intacct Resources page. Once you sign up for our Tours, Demos, and Resources, you will gain access to this page.

Synergy Becomes Intacct Partner for Implementing Cloud-computing Accounting Software

Last week we announced we have begun selling, implementing, and supporting Intacct’s cloud-based Financial Management and Project Accounting software! Intacct is a preferred provider of AICPA and was named a 2010 top new product by Accounting Today in the Accounting/ERP category.

This development in no way detracts from our dedication to our Microsoft Dynamics SL clients; we will continue to sell, implement, and support on-premise Dynamics SL—a more robust project accounting and distribution system that is the appropriate solution for companies with complex accounting needs and that have in-house IT infrastructure.

What’s the Intacct advantage? With the Intacct cloud-computing (SaaS) alternative, you don’t purchase software and run it on your own servers. There’s no need to buy, license, operate, or manage the necessary hardware, software, or networking infrastructure, or worry about upgrading software. Customizations also work across upgrades. This can save companies significant capital investment.

Companies for which cloud-computing fits their business objectives will obtain these important advantages:

  • Higher ROI
  • Greater control without maintenance tasks
  • Real-time visibility for all stakeholders
  • Gain operational efficiencies
  • Get out of the IT business as Intacct does backups, recovery, security, and upgrades

Be sure to compare cloud-computing and on-premise choices and visit our Intacct cloud-computing page.