Microsoft’s Dynamics 365 Business Central has taken centre stage of late, forcing more established solutions like Microsoft GP into the PR backseat. And while the company continues to champion the adoption of cloud-based solutions, it is also keen to make sure that GP end-users – who make up a sizeable portion of the Microsoft Dynamics community – are appropriately supported. By announcing that a new version is scheduled for release early this month, it has gone some way to addressing this concern.
Improving data reporting accuracy and efficiency
As we concluded in a recent webinar, which explored the process and value of handling year-end closures within Dynamics GP, ensuring your financial systems are up-to-date and accurate is essential. The update will facilitate this by providing tools that hide inactive check books during lookups, tightening up your data’s accuracy.
Dynamics GP 2018 R2 will also focus on reducing the margin of human error, primarily through the introduction of new settings which automatically highlight and prevent the submission of duplicate transaction entries, checks and payroll manual checks. By addressing data inaccuracies and inefficiencies, users can improve the overall effectiveness of their financial processes as a whole; a major benefit to any business.
Addressing system security
System and online security have become even more crucial for businesses as they consider and implement new solutions; something that Microsoft is keen to address. Considering that one of biggest feature requests from existing Dynamics GP users was to be able to create longer and more secure passwords, the company have responded by allowing passwords of up to 21 digits. Users will also receive password expiration notifications to ensure user accounts remain secure.
Another widely requested feature was the ability to hide Dynamics GP’s ‘Business Analyser’ view for all users, allowing for not only clearer system navigation but also preventing potentially sensitive data from being accessed without control. By giving system admins greater control over which areas of their organisation’s solution each of their end-users has access to, Microsoft aims to increase system security as a whole.
Establishing a platform for Making Tax Digital compliance (MTD)
MTD has been a major focus area for both the Financial Services and Professional Services industry since its initial announcement, and many Dynamics solution users have been wondering whether their solutions will be compliant with MTD upon its scheduled April 2019 enforcement date. To combat this, Microsoft have reassured its clientele and partners that its financial and accounting solutions (Dynamics GP, Dynamics NAV, Dynamics 365 Business Central, etc) will be compliant if they operate on a 2016 version or later.
If your company wants to make the most of the new features offered by Dynamics GP 2018 R2, please contact us via email at firstname.lastname@example.org or by phone at 020 7065 6868 and we can discuss your upgrade options further.