In 2001, Microsoft purchased Great Plains, now Microsoft Dynamics GP, which was originally a desktop accounting package, made for small businesses. Over time, Microsoft further developed Dynamics GP and it became a popular ERP solution for many organizations. However, as time progressed, there has been a decline in new major releases and some organizations began making the switch to a modern by migrating from Microsoft Dynamics GP to Sage Intacct, a best-in-class financial management solution, a true financial SaaS software platform.
Top Reasons Organizations Are Migrating from Microsoft Dynamics GP to Sage Intacct
Need for Greater Accessibility
While Microsoft Dynamics GP can be hosted in the cloud, it was originally designed and typically performs best as an on premise solution. On the other hand, Sage Intacct is a true cloud-based solution, accounting SaaS software, that gives organizations complete accessibility to their financials any time, from anywhere. With Sage Intacct, there are no hardware requirements or ongoing hardware costs. Upgrades are rolled out through Sage Intacct automatically, whereas, Dynamics GP upgrades have to be scheduled with Microsoft or your service provider.
Multi-Company Consolidation & Dimensions
Although Intacct and Dynamics GP both have strong core accounting functionality, Sage Intacct goes beyond Dynamics GP to offer built-in dimensions. Dynamics GP offers a segmented chart of accounts but lacks many multi-company features. Alternatively, Sage Intacct offers a multi-entity environment as well as a dimensional chart of accounts for financial reporting so you can better understand your organization’s performance. Intacct allows finance leaders to slice and dice data by drilling down into individual transactions for complete visibility.
Industry Specific Needs
Dynamics GP is a true ERP solution that has capabilities from accounting to HR to manufacturing management. Although Dynamics GP typically can support manufacturers and distributors, the solution is not a good fit for many other industries. For example, Sage Intacct has capabilities to handle complex billing scenarios such as revenue recognition with ASC606 compliance that many SaaS organizations depend on. Furthermore, Sage Intacct offers fund accounting and grant tracking that are necessary for not-for-profit organizations. Sage Intacct also has an open API structure that allows for easy integrations with other best-in-class solutions available through their Marketplace partners.
Organizations continue migrating from Microsoft Dynamics GP to Sage Intacct to experience the benefits of an true financial SaaS software platform. Contrary to Dynamics GP, Sage Intacct offers complete accessibility, which allows your finance team to work remotely from anywhere. Additionally, Intacct’s core financials and open API integration allow organizations to create a best-in-class solution, customized for their business needs. Lastly, with Intacct, organizations can easily automate the real-time production of visual dashboards that combine financial as well as operational data.
Learn more about migrating to a cloud-based financial management solution like Sage Intacct. Reach out to our team of experts for more information.