3 Ways Modern Businesses Can Succeed With Microsoft Dynamics
Businesses must be innovative and unique in order to succeed in today’s market, and this is just as true for resource tracking and planning as it is for marketing and product strategy. This, of course, means taking advantage of the latest technology, in this case Microsoft Dynamics ERP and other powerful tools.
But technology alone isn’t enough. Companies must blend new software solutions with company culture and organizational strategy in order to outcompete their adversaries. Twenty-five real-world examples of how this can be done are shared in a white paper recently published by the ERP Software Blog. Here are a few examples borrowed from that paper:
1. Beyond Meeting Requirements
A physician’s clinic in Milwaukee was spending hours and hours tracking and recording allocations in spreadsheets. Much of the time was devoted strictly to meeting Wisconsin’s Income Statement requirements. Reporting requirements are much harsher for healthcare businesses, and this was putting strain on the clinic.
Using Fixed Allocations, a Microsoft Dynamics feature, they were able to have these allocations automatically tracked and reported in the proper format each day when transactions were posted. Obviously, this removed a great deal of strain and freed up time for other tasks more closely related to their core business function.
What the clinic didn’t expect was the fact that this allocation tracking also gave them a bird’s eye view of patterns in the data, allowing them to make better predictions about where to spend more money and where to cut costs. They are now spending more in the areas that generate profit, and cutting costs in the less effective areas.
2. Supply-Chain Warnings
The last thing a car manufacturer wants to deal with upset customers who don’t receive their orders on time. Like most global corporations, this manufacturer relies on parts made in China and Japan in order to function. Unfortunately, the parts don’t always arrive on time, and this can lead to disruptions in manufacturing and customer order fulfillment.
Using Microsoft Dynamics, the manufacturer set up an early warning system that would instantly notify the relevant people when order arrival dates changed. This gave the company several extra days to react to the news by notifying customers, fulfilling other orders early in order to avoid a backup, and take other actions to mitigate the issue.
3. Growing Subscriptions
A marketing and technology company that sells subscriptions to real estate professionals was having trouble sending monthly bills out fast enough. The company was seeing rapid growth, but employees were being put under strain and overtime hours were being eaten up as their monthly bills fell behind schedule.
After employing Microsoft Dynamics, the company was able to cut the billing process down from days to mere hours. The first day of every month, complex bills that incorporated multiple subscription levels and several optional services are now implemented automatically. As a result, the company has successfully grown from 14,000 to 45,000 in five months without hiring new employees or racking up extra hours.
Remember, ERP software like Microsoft Dynamics is more than a ledger. It is a predictive tool that can be used to achieve a wide variety of goals, many of them even extending outside of what would traditionally be called ERP.
Want more information on ERP software? Discover and learn more about enterprise resource planning software by exploring blog posts, white papers and more at our ERP research center. For comparisons of the best ERP solutions on the market, download Business-Software.com’s Top 20 ERP Software report.