If a business wants to be successful in this modern digital world, it must remain innovative. Operating as a fully digital firm goes beyond just having an electronic communication system installed. It’s about running the company using ERP software to streamline the business and create B2B integration. In this new digital era, the demand for B2B integration is on the rise and is turning into a requirement in order to work with most companies.
Electronic Data Interchange (EDI) is the computer-to-computer exchange of business documents. It allows businesses to send documents to one another using an electronic format. This standard template can then be read by different systems to locate information. The most common documents that are sent using the EDI template are purchase orders, purchase invoices, advance ship notices, bills of lading, inventory documents, shipping documents, payment documents, and even some custom ones.
The Benefits of EDI
By sending a document using EDI, a company can reduce its costs on printing, reproduction, storage, filing, and document retrieval. This also frees up the individual to focus on more important tasks.
Improved Data Quality
One of the most common areas for human error is data entry. By using EDI to import the data from the document into the system, there is less room for error resulting in better data quality.
Shorter Business Cycle
Companies using EDI will have a shorter business cycle because they receive the documents quicker. A transaction that use to take up to five days to complete can now be completed within an hour. Orders and payments will be processed a lot quicker which will increase the cash flow of the company.
Improved Data Security
EDI is a secure way to transmit data from one computer to another. Encryption and decryption programs along with passwords are used to ensure that the data is safe while being transmitted.
Ease of Auditing
Since EDI is transmitting all the data into the system, there is less room for any errors so therefore auditing will become much easier. Reports can be created for all the EDI transactions and then presented to the auditor, making the whole auditing process quicker and easier.
Strategic Business Benefits
Adding EDI into your current Dynamics GP environment will strengthen businesses and create strategic business benefits. Using digital transactions, businesses can always be up-to-date with all the transactions statuses. This knowledge will help the business to make better and faster business decisions going forward.
Is Microsoft Dynamics GP Dead?
Is Dynamics GP dead? For 20 years Dynamics GP has helped business become digital. Rest assured Microsoft Dynamics GP has made its mark in the Dynamics ecosystem, and it’s here to stay. Join our webinar and find out where Microsoft Dynamics GP is headed.
This webinar will cover
-The future of Dynamics GP
-What it means for your business
Date: Wednesday August 29, 2018
Time: 11:00AM - 11:30AM EST
You can probably guess that GP Sales Order Processing is used to enter, print and post sales orders. But did you know that you can also enter quotes, invoices, back orders and returns individually or in batches?
Are you aware that Sales Order Processing in Dynamics GP allows you to transfer sales documents from one type to another? For example, when goods or services are delivered to a customer, you can transfer the order to an invoice. The price the customer will pay and your cost will be calculated automatically.
Here are a couple of points you need to keep in mind, before transferring a document:
- Make sure there are actual quantities to transfer to an order, invoice, or back order
- Verify that the appropriate transfer options are marked for the type ID in sales setup
- Enter a batch ID for the document
- Approve the document, if required
For more information about Sales Order Processing in Dynamics GP, join our webinar on November 14 and learn how to cut lead times and speed up your transactions.
Doriana Kote, Marketing Assistant, WebSan Solutions Inc., a Channel Elite Awards Winner for 2013
I had the opportunity to interview Victoria Yudin, a Microsoft MVP (Most Valuable Professional) for Microsoft Dynamics GP and founder of Flexible Solutions Inc., as well as a well-known professional in the Dynamics GP community. I wanted to interview her to get an insider's insight on Dynamics GP - to find out her perspective on GP modules, Microsoft's partner channel, and what the future holds for Dynamics GP. As I'd hoped, her answers tell a lot about her success with the product and the direction of the GP ecosystem.
1. What do you most love about your job?
I love the feeling I get when I am able to help someone learn how to do something that saves them a lot of time or fix an issue they are having. There is this tangible relief you can see (or hear if you’re on the phone), that is very gratifying.
2. In 2010, you wrote the book “Microsoft GP 2010 Implementation” what were your inspirations for writing it?
This may sound a bit corny, but Dynamics GP as well as the GP community were both inspirations for me. Dynamics GP because I think it an amazing product and the community for being so dedicated and friendly.
3. Was there anything that you found particularly challenging when you were writing your book?
I don’t really consider myself a good writer, and as hard as it may be to believe, after all the writing I have done, I do not particularly enjoy writing. The incredibly positive feedback I have received on my blog, as well as to my online GP community posts, have convinced me that writing is actually something I can do fairly well, but that is definitely a challenge I had to overcome while writing my book. Finding quiet time to concentrate on writing was another challenge. I did not take time off to write my book, so all the time had to be carved out around an already hectic schedule. The staff at the Packt Publishing really helped with this by providing a schedule and guidelines while being flexible at the same time.
4. Are there features or modules that you wish Microsoft Dynamics GP has but doesn’t have currently?
Of course, the short answer to this is “yes”. I don’t know if it is ever possible to be 100% satisfied with any piece of software, there is always something more that can make it better, some feature that can save time or better address common requests. One thing that comes to mind from a recent customer question is the ability to enter prepayments against Purchase Orders. I believe that would add some nice functionality for a lot of users.
5. How do you think the partner channel will have to change over the coming years?
I am concerned about the direction that the Dynamics GP partner channel has taken with all of the recent changes. My belief is that the best way to address a mix of small and large customers is with a mix of small and large partners because a company like Microsoft simply cannot directly support a product like Dynamics GP without the help of the partner channel. While I understand that at some level this is a revenue game and that decisions have to be made for all partners and customers as a whole, what I see is that smaller GP partner companies being systematically phased out or forced to merge with other companies to continue to do business. This as a move in the wrong direction and if it continues, it would be a big loss to the Dynamics GP partner channel and community. Hopefully, Microsoft will realize that a partner channel comprised of only large companies is not the right approach for a product like Dynamics GP and what may mean more revenue short term could easily translate into less customer satisfaction and thus less revenue long term.
6. What do you think the future holds for Dynamics GP?
I think that Dynamics GP as a product will continue to be a great solution for many businesses. We’re seeing a lot of new functionalities talked about, especially with the web client announcement for the next version. It will be exciting to see what the future brings.
You can visit Victoria Yudin website here: http://victoriayudin.com/
Natalie Williams, Marketing Coordinator, WebSan Solutions Inc., a Canadian Certified Microsoft Dynamics Partner