In a traditional setup, Dynamics GP uses a separate database per company in your corporate structure. With companies centralizing more and more functions, this structure means many users are changing companies several times per day as part of their regular data entry. The minute or so this takes may not seem like much, but what if you do that 15 times per day? That’s a whole coffee break extra per day! The multi-database structure also adds complexity to reporting and maintenance.
In order to make things easier BinaryStream’s Multi-Entity Management (MEM) provides consolidated management of all entities on one database. Larger companies or companies with complex corporate structures would benefit most from MEM.
MEM gives you the ability to manage complex intercompany transactions between entities through intercompany relationships and leveraging the automated intercompany processing feature. MEM also eases transaction entry by ensuring appropriate account distributions through the automated facility segment substitution/overrides.
The value of the data housed inside Dynamics GP is apparent when you can generate entity-specific reporting such as Accounts Payable/Receivable trial balances, Employee Taxes, Accounts Payable/Payroll check formats all from within one GP database.
Companies using Multi-Entity Management see a drastic reduction in the time it takes to reconcile transactions across multiple entities.
Dynamics GP is a highly flexible solution that can be made to fit any business. For some types of businesses we are able to use industry specific tools such as BinaryStream’s Property Management (PrM) solution to make that configuration a snap. Being able to effectively manage real estate business functions, such as lease administration, billing, budgeting, and common area expense allocation is critical to the success of any real estate management company. Managing complex requirements for retail (shopping malls and strip malls), franchises, commercial and real estate investment trusts is not an out of the box solution for base Dynamics GP.
With PrM you can manage all aspects of your tenant and landlord lease requirements with the robust reporting and accounting engine from Microsoft Dynamics GP. You can create budgets, by mall or specific type of property. Simplified management of lease creation and maintenance, complex escalations, CAM reconciliations, pro-rated, sales-based rent or metered charges means increased efficiency and reduced management costs. Never get caught with an outdated lease rate. Easily escalate charges by rate schedules, Consumer Price Index (CPIs), percentages, fixed amounts, or other rate drivers such as cost per square foot.
BinaryStream’s Property Management Solution is the industry leading toolset for property managers using Dynamics GP.