Overview
What is Microsoft Dynamics SL?
Microsoft Dynamics SL is one of the ERP products in the Dynamics family. This product was acquired from Solomon 2000. The product is typically used by SMBs, particularly in project-based businesses (e.g. construction). It has strong accounting and project management…
Dynamics SL 2011 - more to be desired!
Non-profit's review of Microsoft Dynamics SL
Project Accounting
Dynamics SL For Project and Crew Based Accounting
Dynamics SL - A strong product for Now and the Future
Microsoft Dynamics SL - Power through Flexibility
My 17 year review of Microsoft Dynamics SL is nothing but POSITIVE!
Microsoft Dynamics SL is quite dynamic!
Great for the Project/Service Oriented Company
Don't Just Sit There, Use Microsoft Dynamics SL Now!
Would not purchase SL today
Dynamics SL-The Right Choice for the Project-Based Organization
Aside from Integration and Reporting, Microsoft Dynamics SL is a Good Small Business Solution
Dynamics SL
Awards
Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards
Popular Features
- Accounts payable (10)7.676%
- Single sign-on capability (9)7.474%
- Standard reports (9)7.171%
- Custom reports (9)6.161%
Pricing
What is Microsoft Dynamics SL?
Microsoft Dynamics SL is one of the ERP products in the Dynamics family. This product was acquired from Solomon 2000. The product is typically used by SMBs, particularly in project-based businesses (e.g. construction). It has strong accounting and project management capabilities.
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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Product Demos
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Features
Payroll Management
Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.
- 9.6Pay calculation(2) Ratings
Pay calculation provides for computation of employee pay with state and federal deductions.
- 9Direct deposit files(1) Ratings
Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.
Customization
This addresses a company’s ability to configure the software to fit its specific use case and workflow.
- 6API for custom integration(6) Ratings
An API (application programming interface) provides a standard programming interface for connecting third-party systems to the software for data creation, access, updating and/or deletion.
- 6Plug-ins(4) Ratings
A number of third-party plug-ins are available to expand the core functionality of the software.
Security
This component helps a company minimize the security risks by controlling access to the software and its data, and encouraging best practices among users.
- 7.4Single sign-on capability(9) Ratings
The software system supports a centralized authentication mechanism allowing the user to access multiple systems with a single, centrally managed password.
- 7.3Role-based user permissions(8) Ratings
Permissions to perform actions or access or modify data are assigned to roles, which are then assigned to users, reducing complexity of administration.
Reporting & Analytics
Users can report on and analyze usage, performance, ROI, and/or other metrics of success.
- 7.1Dashboards(5) Ratings
Users can create, customize and share dashboards, which provide an overview of the most important metrics.
- 7.1Standard reports(9) Ratings
The software offers pre-built reports with metrics standard to the category.
- 6.1Custom reports(9) Ratings
Users can create custom reports.
General Ledger and Configurable Accounting
Financial management solution, including capabilities for general ledger and configurable accounting
- 7.6Accounts payable(10) Ratings
This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.
- 6Accounts receivable(7) Ratings
This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.
- 6Global Financial Support(1) Ratings
Account using multiple ledgers, multiple currencies, and multiple entities
- 6.6Primary and Secondary Ledgers(3) Ratings
Record and report across multiple currencies and accounting standards with primary and secondary ledgers
- 7.4Journals and Reconciliations(3) Ratings
Automate and synchronize ledgers and processes
- 7Configurable Accounting(2) Ratings
Configure accounting rules and segments for each chart of accounts
- 7.3Standardized Processes(2) Ratings
Centralize financial management to facilitate standardized financial processes
Inventory Management
The ability to track and manage the flow of goods or materials into and out of an inventory.
- 6Inventory tracking(5) Ratings
The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.
- 1Location management(2) Ratings
The software can track multiple goods across multiple locations.
Order Management
The ability to process orders, and track them from quote to cash.
- 6Pricing(2) Ratings
Users can set up complex and unique pricing requirements.
- 6Order entry(3) Ratings
Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.
- 7Credit card processing(2) Ratings
The software facilitates credit card processing.
- 7Cost of goods sold(2) Ratings
The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.
Subledger and Financial Process
Revenue management solution including capabilities for subledgers and financial processes
- 6Billing Management(1) Ratings
Access role-based billing work area, perform discrete and recurring billing
- 7.3Cash and Asset Management(3) Ratings
Manage liquidity and cash requirements, asset transfers, disposals, reclassifications, and financial adjustments
- 5Travel & Expense Management(1) Ratings
Enter expenses from mobile devices, integrate credit card and travel booking, configure policy enforcement
- 6.3Budgetary Control & Encumbrance Accounting(2) Ratings
Control spending at any budget level or time interval
- 7.4Period Close(3) Ratings
Sustain fast close with integrated subledgers, intuitive dashboards, embedded collaboration
Project Financial Management
Project financial management solution including capabilities for project budgeting, cost control, billing and contract management.
- 7.3Budgeting and Forecasting(3) Ratings
Establish project budgets and forecast future project financials
- 6.3Project Costing(3) Ratings
Standardize, track, and control costs at all project phases
- 2.1Cost Capture(2) Ratings
Capture costs including those for procurement, financials or time and labor, including from external systems
- 8Capital Project Management(1) Ratings
Track and manage capital asset costs
- 2Project Revenue Recognition(1) Ratings
Recognize project contract revenue in line with accounting policies and regulations
Grants Management
Grants management solution for higher education, public sector, or non-profits with capabilities for managing financial awards for program and project funding
- 6Award Lifecycle Management(1) Ratings
Manage the life of program funding awards from initial funding to close-out
Manufacturing
Manufacturing solution for managing manufacturing processes and costs.
- 6Production Management(1) Ratings
Centralized critical status information for production supervisors
Supply Chain
Supply Chain Planning solution with capabilities for planning, performance monitoring, change responses and execution.
- 6Inventory Planning(1) Ratings
Establish projected inventory levels, monitor actual levels and compare with projected levels
Product Details
- About
- Integrations
- Competitors
- Tech Details
- FAQs
What is Microsoft Dynamics SL?
Microsoft Dynamics SL Integrations
Microsoft Dynamics SL Competitors
Microsoft Dynamics SL Technical Details
Operating Systems | Unspecified |
---|---|
Mobile Application | No |
Frequently Asked Questions
Comparisons
Compare with
Reviews and Ratings
(68)Attribute Ratings
Reviews
(1-17 of 17)- We have been able to downsize our Accounting Department, creating more efficiencies and less "downtime" within that department.
- We have been able to eliminate the need to outsource our IT department, thereby reducing a large budget item.
- We have the ability to create and modify custom reports within our package.
- We are "paper free" since all vendor documents, contracts, financial reports and purchase orders are digitally maintained in the program allowing us to archive as necessary.
Dynamics SL 2011 - more to be desired!
- More time is spent on manipulating reports which can and should be automated.
- Lack of electronic invoicing process and other green technology features creates more cost on printing and storage costs.
- The lack of a user friendly interface requires more training and a bigger learning curve for staff.
Non-profit's review of Microsoft Dynamics SL
- Nothing significant
Project Accounting
- Project data is updated quickly and reporting tools available for management daily.
Dynamics SL For Project and Crew Based Accounting
- Faster Closing Cycle
- Improved Reconciliation Tools
- Accurate and Timely Revenue Recognition
Dynamics SL - A strong product for Now and the Future
- Through tracking productivity gains, in 2012 improvements to the system (customization and business rule enforcement) saved over 1200 hours of employee time. These changes contributed the same effect to the bottom line as increasing sales by 2,000,000 dollars. We had a similar result in 2013.
- Since we can produce changes to the system and new functionality, we are more responsive to the changing needs of an expanding global business. We have been able to fulfill the invoicing and reporting needs of each country in which we do business.
Microsoft Dynamics SL - Power through Flexibility
- Centralization capabilities have allowed the corporate accounting team to remain relatively small as the field locations have been added, keeping headcount manageable.
- Ease of integrations and access to data for reporting has allowed growth outside of core accounting.
- With the switch to SL 2011 and the use of the Business Portal or APPS we were able to eliminate employee time and effort to data enter what we need for project management. We have been able to drop that admin time by roughly 3 FTEs corporate wide one of which was a full time accounting professional.
- Training time on this product has been streamlined with out of the box functionality. We get better use and greater consistence of data within the structure that we put in place, from drop down lists to tables restricting data entry to what we want to measure. Overall with the uploading of data from 1975 we have a full scope of project information to review as needed in this product. You cannot ask for more than that.
- Data structure is so strong within this product that when we need to pull it out into Excel we know exactly where it lies and how to access. IF we were ever to migrate to some other software, we know what we need and where it is. But since we have been on this product since 1999, I think we will stay.
- Microsoft Dynamics SL has a fantastic USER GROUP that allows me to connect with others in the industry to learn from them and share what I know. I am a strong believer in this power and this product offers just what I need in user group meetings.
Microsoft Dynamics SL is quite dynamic!
- Increased employee efficiency. While using this program, I was able to complete payments to factories pretty seamlessly. I just had to select the invoice that was getting paid, and include it in the batch for payment.
- Better customer service. I was able to better communicate with factories what was owed to them and why by entering the debit or credit notes and adding them to the batch to submit for payment.
Great for the Project/Service Oriented Company
- SL helps us to be an agile business. It can handle upturns and downturns without affecting staffing.
Don't Just Sit There, Use Microsoft Dynamics SL Now!
- Increased employee efficiency.
- Easy to tie reconciliations with bank statements. If you are off, it is easy to find where and why you are off.
- Able to see what others are posting in case you have questions on certain items.
Would not purchase SL today
- Not my question to answer for our company.
Dynamics SL-The Right Choice for the Project-Based Organization
- Less time needs to be invested to create invoices from timecards.
- Project profitability is right there for you to review as the whole product is "project-centric"-we do less of the work that tends to lose us money and more lucrative work.
- The ease with which we are able to hide unwanted fields makes data entry simple.
- The intuitive naming of the tables makes report writing much easier than most accounting/ERP products.
Aside from Integration and Reporting, Microsoft Dynamics SL is a Good Small Business Solution
- Since our company is relatively small, Dynamics has been a good option for us since we need a package that is more complex and robust than something like QuickBooks, but we aren't big enough to warrant spending all the money on a solution like Oracle or SAP. The overall return on investment has been good.
Dynamics SL
- n/a, we are resellers
SL Review for Direct Sales Companies
- We paid a partner an obscene amount of money for an upgrade almost a year ago, and almost every part of it has gone badly. We are STILL finding problems that didn't exist before the upgrade happened. Our partner has been somewhat attentive at certain issues, and not at all with others. It's been very frustrating to shell out more funds for support and still having problems that we were told would be 'fixed.'
Dynamics SL Partner Review
- Dramatic improvement in our ability to judge the profitability of jobs.
- Lots of improvements in delivering invoices and statements to customers.
- Automated AP approvals and imaging made our last tax audit a breeze.
- Ease of reporting data is a big plus. Financial statements with drill down capability are very useful.
- One integrated system means less data moving around and more real time information.
- EFT payments, email statements and live linked Excel charts have improved our efficency
- Too many more to name.