Greater Visibility into Your Company’s Performance
Have you ever wondered how your company is performing? Is it hard to tell because you have limited data available to you? This is where a multi-entity management (MEM) solution comes in handy.
With MEM, you get real-time information on your company’s overall health. Specifically, rolled-up financial reports spanning all your Dynamics GP companies. Thus, eliminating the need for time-consuming spreadsheets or an expensive external reporting system.
But, that’s not all. A Multi Entity Management solution also lets you drill down into individual business units and slice and dice information with familiar Microsoft Dynamics GP reports.
Achievement of High Productivity Gains
Have you ever asked yourself why it takes such a long a time to complete simple accounting tasks? Do your team a favor. Get rid of time-wasting bottom-line -eating manual tasks. Multi Entity Management software cuts the time needed to close your books from days or weeks to hours. It also streamlines many Microsoft Dynamics GP accounting processes, like Accounts Payable, Accounts Receivable, and Payroll.
Some other useful features a Multi Entity Management solution offers are:
- Shared Master File Records
- Automated Intercompany Processing
- Centralized Processing
Shared Master File Records
Automated Intercompany Processing
Process your Accounts Payable transactions and allocate them to the proper entities. The screenshot below shows the parent “000” entity where A/P transaction is entered.
When you click on the distribution button in the Payables Transaction Entry window, you can distribute an invoice amount to the child entity “100”, “200” etc. Rest assured, when posting these transactions to the General Ledger, your accounts will stay in balance because MEM automatically accounts for due to/due from accounts in each entity.