Perfect financial software for your small to mid-size business
May 13, 2019

Perfect financial software for your small to mid-size business

Pamela Dalton | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with Microsoft Dynamics SL

Microsoft Dynamics SL is our primary financial software. We use this program for invoice entries, vendor information, purchase orders, inventory management, weekly check runs, bank reconciliation, journal entries, general ledger management, profit and loss, trial balance reports, cash forecasting, annual 1099 forms, and all related monthly financial reporting. This program is predominantly used by our Accounting and Accounts Payable teams.
  • Easy to understand. The program can be taught t new users with no prior experience with minimal effort.
  • Very thorough modules for all areas of financial reporting and analysis.
  • Uncomplicated layout and maneuverability. The screens can be personalized for easy access to most frequently used modules.
  • Reports are created as Crystal Reports. These are not as dependable or dynamic as PDFs.
  • The standard package can be somewhat limited. Modules can be added but are often cost prohibitive and simply don't seem to perform dependably.
  • Tech support is costly and there is no sense of urgency. It would be helpful if there was an online user forum.
  • 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.
We started with QuickBooks Enterprise when our company was young. We quickly outgrew this program as it was not able to accommodate the financial reporting we needed to satisfy our investors. QuickBooks was also very limited in managing our revenue as we grew.
We did try Great Plains and Peachtree (now Sage 50) and we discovered that they were rather complicated for our users. They were not as easy to maneuver and manipulate as SL and we felt that SL was much more "user friendly" and simplified, but still able to produce the same results.
For a small to mid-size business, MS Dynamics SL is effective. We are capable of managing our finances with a very low risk of error. We have worked with MS Dynamics for almost 15 years and have more than doubled the size of our business in that time with very few issues from the program. We have exponentially increased our revenue and reporting demands and have found SL to be very dependable and stable.
The program does have the occasional glitch and those are sometimes outside of the realm of expertise of our IT department. SL support is excellent, but their timeliness is not as urgent as ours.

Microsoft Dynamics SL Feature Ratings

Accounts payable
8
Accounts receivable
Not Rated
Global Financial Support
Not Rated
Primary and Secondary Ledgers
7
Intercompany Accounting
7
Localizations
Not Rated
Journals and Reconciliations
8
Enterprise Accounting
7
Configurable Accounting
7
Centralized Rules Framework
8
Standardized Processes
8
Automated Invoice Processing
Not Rated
Shared Services Payments
Not Rated
Billings Management
Not Rated
Customer Receipt Applications
Not Rated
Customer Collections
Not Rated
Revenue Recognition
Not Rated
Cash Management
8
Asset Management
7
Travel & Expense Management
Not Rated
Budgetary Control & Encumbrance Accounting
7
Period Close
8
Transactions Tax
7
Subledger Reconciliations
7
3rd Party Accounting Systems
7
Inventory tracking
6
Automatic reordering
Not Rated
Location management
Not Rated
Manufacturing module
Not Rated
Pricing
Not Rated
Order entry
Not Rated
Credit card processing
Not Rated
Cost of goods sold
Not Rated
Order Orchestration
Not Rated
End-to-end order visibility
Not Rated
Order exception Resolution
Not Rated
Pay calculation
Not Rated
Benefit plan administration
Not Rated
Direct deposit files
Not Rated
Salary revision and increment management
Not Rated
Reimbursement management
Not Rated
Dashboards
8
Standard reports
8
Custom reports
7
API for custom integration
6
Plug-ins
6
Role-based user permissions
8
Single sign-on capability
8
Award Lifecycle Management
Not Rated
Spending Control
Not Rated
Indirect Cost Management
Not Rated
Billing
Not Rated
Budgeting and Forecasting
8
Project Costing
7
Cost Capture
Not Rated
Capital Project Management
8
Customer Invoicing
Not Rated
Customer Contract Compliance
Not Rated
Project Revenue Recognition
Not Rated
Project Financial Performance Analysis
Not Rated
Project Financials Dashboard
Not Rated
Real-time Financial Reporting
8
Embedded Business Intelligence
Not Rated
Project Planning Collaboration
Not Rated
Project Planning and Scheduling
Not Rated
Project Manager Dashboard
Not Rated
Resource Manager Dashboard
Not Rated
Task Insight for Project Managers
Not Rated
Project Manager Mobile Functionality
Not Rated
Team Member Task Collaboration
Not Rated
Team Member Mobile Functionality
Not Rated
Project Candidate Search
Not Rated
Project Candidate Comparison and Analysis
Not Rated
Defineable Resource Pools
Not Rated
Defineable Resource Pools
Not Rated
Talent Profiles
Not Rated
Real-Time Project Reporting
Not Rated
Absence Management
Not Rated
Product Lifecycle Management
Not Rated
Sourcing Team Collaboration
Not Rated
Sourcing Analysis
Not Rated
Bids Analyzed and Compared
Not Rated
Catalog Shopping E-Commerce for Employees
Not Rated
Contract Authoring
Not Rated
Contract Compliance Management
Not Rated
Contract History
Not Rated
Contract Renewal Automation
Not Rated
Contract Repository
Not Rated
Contract Standardization and Enforcement
Not Rated
Electronic Signatures
Not Rated
Invoice Automated Matching
Not Rated
Purchasing Risk and Compliance Management
Not Rated
Requisitions-to-Purchase Orders Integrated
Not Rated
Spend Compliance Management
Not Rated
Supplier Assessment
Not Rated
Supplier Communication and Collaboration
Not Rated
Supplier Management
Not Rated
Supplier Portal
Not Rated
Risk Repository
Not Rated
Control Management
Not Rated
Control Mapping
Not Rated
Control Efficiency Assessments
Not Rated
Automated Control Assessments
Not Rated
Assessment Capture
Not Rated
Issue Detection
Not Rated
Automatic Notification
Not Rated
Remediation and Certification
Not Rated
Transportation Planning and Optimization
Not Rated
Transportation Sourcing Management
Not Rated
Transportation Process Integration
Not Rated
Transportation Execution Management
Not Rated
Freight Payment Automation
Not Rated
Trade Management
Not Rated
Trade Regulatory Compliance Management
Not Rated
Customs Entry Management
Not Rated
Customs Document Management
Not Rated
Customs Document Collaboration
Not Rated
Fulfillment Management
Not Rated
Inventory Visibility
Not Rated
Warehouse Workforce Management
Not Rated
Production Process Design
Not Rated
Supply Chain Business Flows
Not Rated
Production Management
Not Rated
Contracted Manufacturing Management
Not Rated
Configuration Management
Not Rated
Work Definition
Not Rated
Work Execution
Not Rated
Advanced Fulfillment
Not Rated
Manufacturing Costs
Not Rated
Forecasting
Not Rated
Inventory Planning
Not Rated
Multi-tier Supply Chain Planning
Not Rated
Performance Monitoring
Not Rated
Ideation Management
Not Rated
Requirements Management
Not Rated
Proposal Management
Not Rated
Innovation Portfolio Management
Not Rated
Product Master Data Management
Not Rated
Vendor Portal
Not Rated
Project Portfolio Management
Not Rated