Overview Accounts Payable operates in a demanding environment. The volume of AP transactions is substantial, and the payables process can be difficult to complete, as AP interacts with nearly every department in the company as well as with outside vendors. To successfully meet its processing goals, AP must rely on both streamlined processing and sound…
Overview Often, there’s some confusion as to what actually constitutes project accounting. A general definition of project accounting is tracking financial transactions by specific projects. Tracking may include project costs, billings, and any associated revenue. What project accounting actually represents in a company is based on several factors including company type, project volume and company…
Introduction “Go-Live” is the final post in a series discussing how Velosio can assist your company in completing a successful ERP implementation. If you want to review the other posts in the series, or learn more about Enterprise Resource Planning (ERP) implementation and how Velosio can help, look at: Make Velosio Your ERP Migration and…
Background A building materials distributor specializing in lumber, hardware, plumbing, and window products upgraded its out-of-date Microsoft Dynamics AX 2009 system to Microsoft Dynamics 365 Finance but needed to replace manual processes in supply chain management too. After reviewing several Microsoft partners, they chose Velosio based on its expertise in distribution and supply chain management. The…
When considering deployment options for Dynamics 365 Business Central, it’s essential to evaluate the trade-offs between on-premises and cloud-based solutions. Let’s dig into your options and explore what’s best for your business. Navigating Deployment: Choosing the Right Path for Microsoft Dynamics 365 Business Central Microsoft Dynamics 365 Business Central, named the best ERP system of 2024…
The Microsoft Cloud is a massive win for hybrid work. It allows you to build an integrated system that’s secure by design, covering all your major security bases in a single environment. That means end-to-end visibility, holistic protections, and cutting-edge tech that can adapt and automate critical tasks while your team focuses on other things. …
Introduction The mention of purchase orders (PO’s) as part of a company’s internal control toolkit always evokes numerous complaints that using PO’s un-necessarily complicates the purchase and payment cycle. Back in the day when POs were manually processed, not integrated with the ERP or not supported with robust review, approval or workflow functionality, these points…
Background MegaGen America believes in the power of a confident smile. Its mission is to empower smiles worldwide through groundbreaking dental innovations and a passion for patient well-being. It’s a journey where science, technology, and compassion converge to create brighter, healthier smiles for everyone. MegaGen dental implants are available in over 100 countries worldwide and…
Overview Accounts Payable (AP) operates in a demanding environment. The volume of AP transactions is substantial, and the payables processing cycle can be difficult to complete, as AP interacts with nearly every department in the company as well as with outside vendors. To successfully meet its processing goals, AP must rely on both streamlined and…
Overview An organized and controlled GL period close is essential to the completion of accurate financial statements. Accurate statements are critical in expense control analysis and support informed financial decisions. Accounting years are based on a number of accounting periods. While monthly accounting periods are the norm, accounting periods do not need to be based…
