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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.https://media.trustradius.com/product-logos/Sr/7i/OTCTGZAJ1NQF.pngProject AccountingMicrosoft Dynamics SL is used for project management and financial reporting. It is used across the organization. The financial modules provide general ledger details and reporting along with payroll being processed for projects and management.,Project accounting is linked to the Financial modules - there is no need to duplicate data entry. Reporting in Project Modules is extensive. Validation of fields for data entry and solid integrity of data. Customizations of screens for data entry for users and addition of fields.,Purchasing does not have a budget validation to warn or stop a purchase from going over budget on a project level. Project budgeting does not have an interface with inventory ids. Financial modules could have more quick vewing screens for example a quick way to find the check no. of an invoice.,9,Project data is updated quickly and reporting tools available for management daily.,,1,1,Vendor implemented,1,1,1,1Dynamics SL For Project and Crew Based AccountingWe are using it for project and crew based cost accounting in one of our utility contracting companies and are in the process of rolling out the system to another one of our largest companies. Eventually, all companies under the holding company will deploy Dynamics SL as their ERP system as well as the parent company. The parent company will perform cross company consolidations.,Provides flexibility for complex project based cost accounting Strong and flexible allocation processer for cost allocations, markups, and pricing A "Flexible Billing" module under the project controller series that allows for multiple billing formats ranging from fixed price schedule of values, T&M or Cost Plus, and scheduled billing. Flexible reporting with options using Crystal Reports, SSRS, a Quick Query tool, and ability to tie into MS Office tools such as MS Access and MS Excel Tight integration with Financials, but also the ability to integrate with modules such as Sales Order, Inventory, and Field Service Customization abilities ranging from a VBA (visual basic for application) foundation to allow customizing existing forms to the ability to use the SDK (Software Development Kit) to build more complex customizations that integrate with Dynamics SL.,Incorporate some functionality provided by third party products into the core product. Since Dynamics SL has strong multi company capabilities, incorporate functions to secure projects within a company to certain groups. Improve the budgeting, forecasting, and change order interfaces so that the tools are more online. Improve the forecasting capabilities to include more robust and integrated tie in to the project EAC/ETC (Estimate at Completion/Estimate to Complete) numbers. This would allow project revenue/margin/cash forecasting. Expand on the subtask concept Improve the interface for multi level rate entry for pricing and cost allocations such that more security can be applied and reduce risk of inadvertent changes.,9,Faster Closing Cycle Improved Reconciliation Tools Accurate and Timely Revenue Recognition,,Implemented in-houseDynamics SL-The Right Choice for the Project-Based OrganizationWe are a professional services firm mostly with client billings of time making up 70-80% of our revenues. Creating billing transactions from timecards based on many different rules that are sometimes client based, task based, project based or even fixed price-make for the need for some capable software. We are much happier with the web apps having moved off of the business portal time entry tool which was extremely slow and time consuming. We use Dynamics SL across the whole organization and everyone enters a timecard. We use the software for expense reporting and evaluating which were good projects and bad, which tasks were good and which were bad. We use the software to help us make better estimates on future similar projects. We've used Dynamics SL the entire 20 years we've been in business and really love it.,Facilitates Time Entry from any device. Facilitates billing with "Allocator" which is really a transaction creator-creating billing records from time cards using unique rules Simplifies the review of draft invoices-making transactions not ready to be billed yet default to the next billing period so revenue does not "leak".,When we have a lot of invoices rather than just a few large invoices, we can be frustrated by how long it takes Flexible Billings to generate a lot of invoices It would be nice if Dynamics SL had an easy integration to some of the nicer salestax tools such as Avalara and CCH. It would be nice if the fixed assets module and electronic banking were not third party.,9,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.,,10,21,8,Time Card Entry Time Card Approval Billing transactions that get generated automatically from time cards.,We charge trip charges based on distance to clients offices in Flexible Billings We've created SQL Reporting Services reports that red, yellow and green light utilization from services professionals on the team. We use Quick Queries to fetch worked, billed, and realized time for all.,We could use the purchasing and inventory modules better We could integrate with nice requisitions products such as Paramount's Workplace. We could share our nice project accounting data with clients on a portal that is part of SharePoint.,No,Price Product Features Product Usability Prior Experience with the Product Vendor Reputation,We are happy with where we ended up. I would not change anything. We were thorough and practical and have a solution that does not take us a lot of time to do our work.,Implemented in-house Professional services company,No,Change management was minimal,Finding time to work on it while doing the rest of our work Configuring the allocator module to default exactly what we needed into the draft invoices Getting every one to enter time weekly-no exceptions.,10,No,10,Yes,We have gotten tremendous support from Microsoft on all 3 products-not just Dynamics SL but Dynamics NAV and Dynamics GP as well. I would say that Microsoft goes the extra mile in that they will even help debug a partner's code rather than just say "it's your fault-deal with it". This is rare for us but is happening now and we are getting the help we need for a very large Dynamics SL client.,Integrating sales order lines with project revenue and costs is unmatched. Having project costs and revenues entered from any screen is extremely handy. You can make a Journal Entry to a project-updating both project and task Hiding fields, making fields required, even creating your own screens and reports with the toolset are easy relative to most accounting software/ERP solutions.,Archiving data to a data warehouse if custom tables and custom programs have been added. Transaction Import is not quite as easy to use as other transaction importing tools-but it's free. Modifying some of the project accounting reports in Crystal is a bit difficult at times.,Yes,10,9Microsoft Dynamics SL is quite dynamic!Currently, it is not being used at my organization. It was highly utilized at my last organization, where I worked for 3 years. It was predominantly used within the finance and accounting department, where we used it to keep track of our G/L accounts as well as make debit and credit adjustments to our factories overseas. It helped us keep track of what we owe and what is to be paid out to us.,Easy to create debits and credits to applicable accounts. Easy to keep track of payments, which can be seen on the easy to access Aging report. Easy top view line items of each transaction made to each account,Difficult to reverse an incorrect entry. Difficult to complete some tasks without authorization to certain modules. Would freeze up a lot, and would therefore have to start over.,8,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.,QuickBooks Pro,5,5,Helped us figure out what invoices were due or past due. Helped us reconcile our accounts Helped us keep track of what we were owed and what we owed other factories.,Helped us chase factories when we received a short payment,Continue to help keep track of our books,1,Not Sure,Product Features Product Usability,I didn't have any say in the purchase and use of this product, but I am glad I was able to have such a great experience getting to use and become familiar with this program. It gave me a much better understanding on how this financial technology is so necessary in business.,Implemented in-house,No,How to switch modules to fully utilize the system. How to receive further authorization to modules.,9,10,Yes,When our program froze, they were extremely capable of helping to resolve the problem. They told us that it was a bug and to resolve the issue the program just had to be reinstalled and the computers rebooted. Once that was complete, the program was working like new. The support team was extremely gracious and cared about the issue at hand and the progress we made.,Creating debit or credit adjustments Creating batches for payment Downloading and printing the aging report,Deleting incorrect debit or credit notes Deleting already printed checks,8Would not purchase SL todayIt is being used for AP/AR in Accounting; users are in more departments than just Acctg. (For example, I am in Land). We were using QuickBooks and this was supposed to streamline our processes and handle more payees. The reporting capabilities were supposed to be great; they are not turning out to be even remotely sufficient for what we need.,It is sufficient to process AP It is sufficient to process POs,The reporting functions should be much more robust We have too many glitches and work - arounds Our support has been minimally effective The licenses are too expensive for the quality of the product,2,Not my question to answer for our company.,,14,1,AP/AR POs Reporting,2,Vendor implemented,6Dynamics SLWe are resellers and consultants for Dynamics SL. We support clients in the Professional Services, Bio-Pharma, Insurance, Distribution, Financial Services and Manufacturing industries. Dynamics SL provides Middle Market companies a scalable ERP system that is easy to customize. It's flexibility allows companies numerous options to configure to system to their needs and reporting requirements.,General ledger allows users great flexibility to define the subaccounts. This allows information to be tracked & reported in a variety of ways depending on the needs of the organization. the subaccounts could be used to track departments, regions, locations, etc. Dynamics Sl has a strong and flexible Project Accounting system that integrates with the Financial Accounting system Dynamics SL is easy to customize allowing for integrations with other systems Dynamics SL uses industry standard SSRS and Crystal Reports for reports Dynamics SL accepts transactions entered in foreign currencies. The system automatically convents these transactions into the reporting currency. Currency gains & losses are automatically calculated by the system. Dynamics SL supports multi-company environments. The system will automatically calculate the due-to - due-from entries and post to the appropriate entity,The Cash manager account reconciliation process is very cumbersome. General Ledger transaction drill down should expand to all modules. Currently it is available to only AP and AR. Purchase order Receipt batch numbers must be consistent between General Ledger in Inventory. Assigning two different batch numbers to the same transaction is ridiculous. Microsoft took the easy way out of this issue creating a tracking nightmare for purchase receipts,9,n/a, we are resellers,QuickBooks Enterprise Solutions,9,Professional services company,Yes,Change management was a big part of the implementation and was well-handled,Gap Analysis User training and participation in the UAT User acceptance of the new software,9,No,1,Yes,No, unfortunately I can not. Many times you have to push the representative to acknowledge that it is a problem with the product.
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Microsoft Dynamics SL
53 Ratings
Score 6.6 out of 101
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Microsoft Dynamics SL Reviews

Microsoft Dynamics SL
53 Ratings
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Score 6.6 out of 101

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Score 9 out of 10
Vetted Review
Reseller
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Implementation Details / Implementation Partner

  • Implemented in-house
  • Professional services company
We are a professional services firm that implements Dynamics SL, Dynamics GP and Dynamics NAV so we did this ourselves as you would expect. The process was easy and painless in part because we understand the software so well and have such a broad team of support specialists to help with questions.
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July 05, 2014

Dynamics SL

Score 9 out of 10
Vetted Review
Reseller
Review Source

Implementation Details / Implementation Partner

  • Professional services company
ACG. Implementing any of the middle market erp systems is a mistake and will end up costing the company more in the long run.
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Feature Scorecard Summary

Pay calculation (2)
9.6
Direct deposit files (1)
9
Reimbursement management (1)
7
API for custom integration (6)
6.0
Plug-ins (4)
6.0
Single sign-on capability (9)
6.1
Role-based user permissions (8)
5.9
Dashboards (5)
5.1
Standard reports (9)
5.2
Custom reports (9)
4.2
Accounts payable (10)
6.7
Accounts receivable (7)
6.0
Global Financial Support (1)
6
Primary and Secondary Ledgers (3)
5.9
Intercompany Accounting (3)
4.9
Localizations (2)
2.8
Journals and Reconciliations (3)
6.2
Enterprise Accounting (2)
7.0
Configurable Accounting (2)
6.8
Centralized Rules Framework (1)
8
Standardized Processes (2)
5.6
Inventory tracking (5)
6.0
Location management (2)
1.0
Manufacturing module (2)
6.0
Pricing (2)
6.0
Order entry (3)
6.0
Credit card processing (2)
7.0
Cost of goods sold (2)
7.0
End-to-end order visibility (1)
8
Order exception Resolution (1)
6
Automated Invoice Processing (2)
3.0
Shared Services Payments (1)
6
Billings Management (1)
6
Customer Receipt Applications (1)
5
Customer Collections (1)
6
Revenue Recognition (2)
3.8
Cash Management (3)
5.5
Asset Management (3)
5.3
Travel & Expense Management (1)
5
Budgetary Control & Encumbrance Accounting (2)
4.6
Period Close (3)
6.1
Transactions Tax (2)
7.0
Subledger Reconciliations (3)
4.9
3rd Party Accounting Systems (1)
7
Budgeting and Forecasting (3)
5.6
Project Costing (3)
4.8
Cost Capture (2)
3.0
Capital Project Management (1)
8
Customer Invoicing (1)
5
Project Revenue Recognition (1)
2
Project Financial Performance Analysis (2)
3.8
Project Financials Dashboard (1)
2
Real-time Financial Reporting (3)
4.7
Award Lifecycle Management (1)
6
Spending Control (1)
6
Billing (1)
7
Production Management (1)
6
Inventory Planning (1)
6

About 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.

Microsoft Dynamics SL Integrations

Microsoft Dynamics SL Competitors

Microsoft Dynamics SL Technical Details

Operating Systems: Unspecified
Mobile Application:No