5 Reasons Why CPA’s Love GP

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Fast Moving Healthcare Requires Fast Moving Technology

MSA13_DigMmt46Today’s healthcare facilities, including medical centers, hospitals, or senior living facilities, are often fast-paced operations that need to be able to capture data quickly.  Reliable, accurate data is needed to make prompt decisions that benefit patients as well as the facilities themselves.  Connect your busy people with the data they need using fast moving technology.

Healthcare facilities are often abuzz with people heading in multiple directions managing patients and caregivers, meeting with suppliers or vendors, and making sure operations are productive and profitable.  In the hustle and bustle of operations, your people need to be confident that the data they are working with is accurate.  Reliable data is not only necessary for those you serve, it’s necessary for your business to be profitable and compliant with regulatory agencies including the Open Payments Act (formerly known as the Sunshine Act).  Timing can be everything when it comes to compliance reporting.  Delays with getting up-to-date data can lead to delayed reporting, which could come with hefty fines.

Whether you operate one facility or several, you need the support of a strong enterprise resource planning (ERP) solution.  ERP can provide a strong foundation for managing all of your business operations including financials, inventory and supply chain, and other core data.  Many ERP solutions, including Microsoft Dynamics® GP, offer seamless connections with Concur Expense, another robust solution.  You can stay connected to your people whether they are on the road at networking events, meeting with customers or suppliers, or working between several of your facilities.  Your people can enter expenses as they are created by taking a photo of their receipts with a smartphone or tablet and attaching them to a mobile expense report that can be submitted much faster than traditional, paper-based methods.  As a result, your accounting team can have real-time financial data necessary for managing a profitable business and for various compliance reports.

Busy people don’t have time to figure out complicated specialty software or deal with the inevitable delays caused by entry-level solutions.  Offer your team the efficient, reliable technology that can provide transparency and support productivity and profitability.  Fast moving healthcare facilities require fast moving technology.  Contact InterDyn BMI to learn more about using ERP, Concur Expense and Mobile Apps, and other time-saving automations that can support your people and your business.

Learn how fast moving technology can improve your expense reporting by reading our free “Fix it” guide by Concur.

By InterDyn BMI, a Microsoft ERP and CRM Partner with offices throughout the United States

Take Note of This New GP 2015 Feature

Even the smallest change or enhancement to an ERP solution can make a world of difference, especially when the upgrade is overdue. One notable feature of Microsoft Dynamics GP 2015 is the Payment Terms functionality, which has been relatively unchanged in the previous three versions.

Let us look at the Payment Terms window in GP 2013:

Payment Terms window in GP 2013

The date options are restricted to the following:

  • Net Days
  • Date
  • EOM
  • None
  • Next Month

While this may have not been a terrible limitation, it did make setting up some of the more unusual terms codes practically impossible. Fortunately, with the release of GP 2015 came a new feature that allows more flexibility for due-date and discount-date calculation as well as the ability to calculate terms codes in the setup window. This also helps users validate that the right settings are in place.

The due date can now be calculated from the transaction date or from the discount date, with the option to include additional dates to the transaction date option.

In addition to what was available with GP 2013, the due-date selection options now include:

  • Months
  • Month/Day (select the specific month & day that transaction is due)
  • Annual

A “Calculate” button has also been added to the window so that users can immediately check the terms-code setup rather than having to open up a separate transaction window.

GP2015 Calculate Button

If the calculation isn’t correct the first time around, any changes can be made by keeping the Payment Terms Example window open and updating the payment-term setting in the Payment Terms Setup window. At the end, simply click on the redisplay button.  Now with GP 2015, making minor, incremental changes to the terms code just became quite simple!

What will your existing terms code look like after the upgrade?  Users may need to evaluate their terms codes after the upgrade to GP 2015. The following chart demonstrates the expected path of your data to the new table layout.

GP2015 Table Layout