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

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.

Pros

  • 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.

Cons

  • 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

7.6
Accounts payable
8
Accounts receivable
Not Rated
Global Financial Support
Not Rated
Primary and Secondary Ledgers
7
Journals and Reconciliations
8
Configurable Accounting
7
Standardized Processes
8
7.7
Billing Management
Not Rated
Cash and Asset Management
8
Travel & Expense Management
Not Rated
Budgetary Control & Encumbrance Accounting
7
Period Close
8
6.0
Inventory tracking
6
Automatic reordering
Not Rated
Location management
Not Rated
Not Rated
Pricing
Not Rated
Order entry
Not Rated
Credit card processing
Not Rated
Cost of goods sold
Not Rated
Order Orchestration
Not Rated
Not Rated
Pay calculation
Not Rated
Benefit plan administration
Not Rated
Direct deposit files
Not Rated
7.7
Dashboards
8
Standard reports
8
Custom reports
7
6.0
API for custom integration
6
Plug-ins
6
8.0
Role-based user permissions
8
Single sign-on capability
8
Not Rated
Award Lifecycle Management
Not Rated
7.7
Budgeting and Forecasting
8
Project Costing
7
Cost Capture
Not Rated
Capital Project Management
8
Customer Contract Compliance
Not Rated
Project Revenue Recognition
Not Rated
Not Rated
Project Planning and Scheduling
Not Rated
Task Insight for Project Managers
Not Rated
Project Mobile Functionality
Not Rated
Definable Resource Pools
Not Rated
Not Rated
Bids Analyzed and Compared
Not Rated
Contract Authoring
Not Rated
Contract Repository
Not Rated
Requisitions-to-Purchase Orders Integrated
Not Rated
Supplier Management
Not Rated
Not Rated
Risk Repository
Not Rated
Control Management
Not Rated
Control Efficiency Assessments
Not Rated
Issue Detection
Not Rated
Remediation and Certification
Not Rated
Not Rated
Transportation Planning and Optimization
Not Rated
Transportation Execution Management
Not Rated
Trade and Customs Management
Not Rated
Fulfillment Management
Not Rated
Warehouse Workforce Management
Not Rated
Not Rated
Production Process Design
Not Rated
Production Management
Not Rated
Configuration Management
Not Rated
Work Execution
Not Rated
Manufacturing Costs
Not Rated
Not Rated
Forecasting
Not Rated
Inventory Planning
Not Rated
Performance Monitoring
Not Rated
Not Rated
Proposal Management
Not Rated
Product Master Data Management
Not Rated

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