The newest version of Microsoft Dynamics GP, GP 2015, scheduled for release on December 1, 2014, is offering a host of benefits to companies who decide to upgrade or implement it. Already known for its strong base and the ability to easily add-on modules to meet business- and industry-specific needs, there are dozens of new features that will make business management easier and more effective. With so many new and improved functionalities added to this enterprise resource planning software, we'll be be breaking down these additional offerings in a series of posts.
Here's a look at five new features that will make Microsoft Dynamics GP even more useful for businesses:
1. Payables batch approvals: The Microsoft Dynamics GP Community blog pointed to the new batch approvals feature as another advantage of the GP's overall "Workflow 2.0" approach. By having batch approvals available, users can simply the process and spend less time performing the task. Users of the system can craft workflow processes that have to be finished before the defined document processes can occur, according to Microsoft. The status of these workflows can be easily viewed from GP itself, and action can be taken through GP or via an email or navigation list.
2. Receivables batch approvals: Similar in many respects to the payables batch approvals feature, the ability to control processing and approve receivables in batches also allows for time savings and increases efficiency, according to the GP community blog. Users can create the workflow processes that are necessary before defined document processes can begin. Just as with payables batch approvals, users can easily view workflow statuses from the program window and then action can be taken through a variety of methods.
3. General ledger batch approvals: Adding to the payables and receivables batch approvals functionality, general ledger batch approvals allow users to more quickly complete this process without negatively impacting accuracy or oversight. The GP community blog pointed out in another post that workflows can be created around general, clearing and budget transaction batches and completed before documentation processes start. These approvals and workflows are viewed in the same fashion as those for payables and receivables.
4. Vendor approval workflow: The process of setting up and editing vendors inside Microsoft Dynamics GP has been made easier with this new approach. Managing vendor credentials and information as well as adding new ones to a list is less time consuming and more effective. Dealing with the technical details of suppliers shouldn't be a headache for system users. It should be a quick process that allows employees to get onto their next task. Users can also set up various workflows that are needed before documentation processes can begin, then view the statuses of those workflows in the system window, the GP blog reported. Action on the lists can be taken directly through Dynamics GP, via email or through a navigation list.
5. Project employee expense report entry: Employees, managers and administrators involved in various projects can now create expense reports for any tasks that they are assigned to. This is another time-saving addition to Microsoft Dynamics GP, allowing for the quick and accurate filing of these reports and letting employees get back to the project at hand. Additionally, employees can select delegates that can enter expense reports for them, according to another article in the Dynamics GP blog.
These are just five of the benefits Microsoft Dynamics GP will offer in its newest iteration. There are plenty of other new features being announced by Microsoft, so look for future posts from the TM Group about additional functionalities in the coming weeks.