Microsoft Dynamics GP: Solid, respectable and cautious. Just like your accounting team!
December 12, 2018

Microsoft Dynamics GP: Solid, respectable and cautious. Just like your accounting team!

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Microsoft Dynamics GP

We use Dynamics GP across our organization for finance and payroll. We have multiple entities (separate tax IDs) and users throughout the U.S. and Canada. It handles multi-company transactions, payrolls, and multiple currencies with ease. It is very flexible and has a robust library of third-party add-ons that can extend functionality. It also integrates well with outside systems, such as CRM or HRIS.

Pros

  • Multiple currencies
  • Flexible account structure
  • Multiple users

Cons

  • This is an on-premise application that requires enterprise database (SQL Server).
  • Client-server model can make it challenging to deploy across networks or geographies without additional technologies.
  • User interface is very functional but can appear dated at times.
  • Positive - consolidated financials save thousands annually
  • Negative - upgrades can be complicated and expensive. Plan for $20-$30k (or more) in time and materials from a reputable partner depending on the complexity of the upgrade and the size of your environment.
  • Positive - robust user community provides answers to many common questions, for free.
Dynamics GP is much more flexible and enterprise-oriented than QuickBooks Pro or similar software. It can support many more users and scenarios. However it requires more dedicated infrastructure (such as servers and databases) and more dedicated IT resources to maintain and support.
Dynamics GP is well suited to medium sized companies where a flexible accounting solution is required, with lots of flexibility and customization. However it can be used very effectively out of the box with no customization. There is a very robust user community and very capable support vendors. It would be less suited to very small organizations without a dedicated IT infrastructure team who can maintain servers and related infrastructure. It also would probably not work well for very large enterprises who need an enterprise-level ERP.

Microsoft Dynamics GP Feature Ratings

8.8
Accounts payable
9
Accounts receivable
8
Cash management
9
Bank reconciliation
8
Expense management
8
Fixed asset management
8
Multi-currency support
9
Multi-division support
7
Regulations compliance
Not Rated
Global Financial Support
8
Primary and Secondary Ledgers
9
Intercompany Accounting
8
Localizations
9
Journals and Reconciliations
10
Enterprise Accounting
10
Configurable Accounting
10
Standardized Processes
10
7.3
Inventory tracking
10
Location management
7
Manufacturing module
5
7.7
Pricing
7
Order entry
8
Cost of goods sold
8
7.3
Pay calculation
10
Benefit plan administration
5
Direct deposit files
7
6.5
Standard reports
6
Custom reports
7
8.5
API for custom integration
7
Plug-ins
10
9.0
Role-based user permissions
9

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