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Did you know Microsoft Dynamics GP includes a powerful feature that can significantly reduce the time and effort required to reconcile your Accounts Payable subledger with your General Ledger? In this post we will tell you about Great Plains' Reconcile to GL tool, how to use it and the how it helps AP teams reduce month-end stress.
At Fidesic, we have been tracking our Net Promoter Score (NPS) since 2020 and working to improve our services and products based on this core metric. Our commitment to genuinely caring about customer feedback has driven continuous improvement, resulting in solutions that continue to address ever-changing user needs. The NPS journey began as a simple measurement but has transformed into the compass we use to guide our roadmap.
Let's talk about something that's been hiding in plain sight in Dynamics GP that could make your life a whole lot easier. If you're juggling accounts payable across multiple entities, you know the drill click here, post there, switch modules, repeat. it gets old fast. That's where Master Posting Series comes in, and Im usually shocked when I find out this isnt a more well known thing in GP.
Most articles online about reducing accounts payable overhead are centered around automation, but we thought it would be helpful to offer a few tips that aren't just about improving efficiency, but can actually reduce tangible spending. Here are our five tips to truly cut payables overhead.
In this post we start by defining days payable outstanding, then we explain why accounts payable days is an important metric to track. We will also explain the accounts payable days calculation and how to use the account payable days formula to track and report on your AP performance.
Directions North America is right around the corner and we can't wait. This year in Las Vegas, Directions North America is the only Microsoft Dynamics 365 Business Central event created by partners, for partners, in the community in North America.
In this post we are going to assume that you know the pain points of manual paper processes, and therefore understand the potential benefits of a paperless accounts payable system. So we are going to start by giving you an understanding of the scope of a paperless AP implementation, including key requirements for success.
As the rate of fraud incidents increases, covering the costs is becoming less financially sustainable for banks. As a result, many U.S. banks have become more restrictive in covering fraud losses, especially where B2B payments are concerned. As this places businesses at more risk for fraud losses, implementing positive pay to protect vendor payments is more important than ever.
The latest release of the Fidesic accounts payable automation offers a much sharper looking app with improved user experience, Fidesic announced today.
Is your business moving from Microsoft Dynamics GP to Microsoft D365 Business Central? If you are an accounts payable accountant, were sharing these eight differences between Business Central and GP with you in mind. For a more general look at the differences between BC and GP, check out our previous post: GP vs Business Central: Key Differences Workflows and Approvals: D365 BC provides customizable workflows for AP processes, such as invoice approval.
Is your business moving from Microsoft Dynamics GP to Microsoft D365 Business Central? If you are an accounts payable accountant, were sharing these seven differences between Business Central and GP with you in mind. For a more general look at the differences between BC and GP, check out our previous post: GP vs Business Central: Key Differences User Interface and Navigation: Business Central looks and feels more updated.
How long does it take for a wire transfer? A wire transfer is immediate in most circumstances, but several factors can delay a wire transfer, even though they are typically processed quickly. Here are the top 10 reasons for a delay. Related: Which is Better ACH vs Wire Transfer?
While there is no true guarantee that Microsoft Dynamics GP will come to its end in 2031, it seems more likely than ever that we are witnessing the last days of Great Plains. But wants to retain its GP resellers and customers so they are trying to make it as easy as possible to switch from Dynamics GP to Business Central.
Microsoft Dynamics Great Plains End of life is pretty real now. At least it feels more imminent than ever. They officially given an end date of 2029 for new updates. We've been covering the Dynamics GP end of life saga for a couple of years in this post. We'll keep updating it as new info comes out. (Jan. 2025 Update) Microsoft has extended the cutoff date for Dynamics GP support.
Since Microsoft officially announced in 2024 that it would be sunsetting Dynamics GP, there have been a few key dates and deadlines released. One kinda big one is quickly approaching. Come April 1, 2025, Microsoft will no longer sell new deployments of GP on Perpetual Licensing. In this post well explain what this means and what your options are.
Digital payments saw a major increase in recent years as remote work becomes more common. Both ACH and wire transfers move funds from one bank account to another, but there are key differences. Let's start with defining each and then we will compare Wire Transfer vs ACH Transfer.
ACH payments are a safe way to pay vendor invoices and employee payroll. According to data from NACHA fewer than 0.03% of ACH transactions are returned as unauthorized. ACH remains the preferred payment method for accounts payable departments to pay their vendors. ACH payments grew to 26.8 billion transactions in 2020 (a 8.2% YOY increase) according to NACHA , the organization that oversees ACH activity.
Have you heard of Dynamics Communities Summit Roadshow? It's a series of 1-day FREE regional conferences for Microsoft Dynamics users. Here's 6 Reasons to go. 1. Theyre Free Simple as that. Attending learning conferences and trade conventions is an important part of growing a business, from training up your team, to partner networking and selling on the floor.
Accounts payable is a roller coaster… Ok, maybe it’s not quite that exciting, but those of us who work in AP everyday know how volatile it can be. We also know the dangers that a poorly managed accounts payable process can pose. With that in mind, this post will offer up some tips and best practices to create a killer accounts payable procedures policy handbook.
Accounts payable is a roller coaster… Ok, maybe it’s not quite that exciting, but it’s not the wet blanket that some people think it is (looking at you sales team). Those of us who work in AP everyday know how volatile it can be and the dangers that a poorly managed accounts payable process can pose. With that in mind, this post will offer up some tips and best practices to create a killer accounts payable procedures policy handbook.
We had a blast at Summit Roadshow on Wed. If you missed our live recap yesterday we'll be sharing highlights form it here over the next couple of weeks, starting with Jim Bertler's session Dynamics GP.
In the realm of Accounts Payable (AP), performance is not just about doing more work; it's about working smarter. These improvements are measured by key performance indicators (KPIs), which not only showcase your team's effectiveness but also pinpoint areas ripe for enhancement. If you're aiming to elevate your AP efficiency, understanding and optimizing these KPIs is crucial.
Fidesic is that AP automation company with the octopus logo. Fidesic, the only octopus AP automation built specifically for Dynamics GP & Business Central.
In this post, we will talk about Business Central accounts payable features and when you might want to go beyond the out of box functionality when it comes to accounts payable. We’ll do this by sharing some of the shortcomings of built in D365 AP tools when it comes to invoice processing and payments.
Fidesic’s Free AP automation app is being repositioned to make it more convenient for accounting pros to get lightweight AP processing tool and test Fidesic.
We had a blast at Dynamics Communities Summit NA 2024! The conference was great, the people were awesome and we loved exploring the City of San Antonio.
A Master Vendor File (aka: Vendor Master File, Master Vendor List, or Supplier Master File) is an important part of accounting best practices, particularly where accounts payable is concerned. In this post we answer import questions like, What is a master vendor file, Why is a vendor master file important, and we share some best practices. Finally we will give a brief overview of how to set up your master vendor file in Microsoft Dynamics GP and D365 Business Central.
Companies using Fidesic AP Service Suite now have a simpler and more cost effective way to enable more users and locations to approve invoices with the release of its new “Approver” user level and single environment pricing for multi-entity companies.
Companies using Fidesic AP Service Suite now have a simpler and more cost effective way to enable more users and locations to approve invoices with the release of its new “Approver” user level and single environment pricing for multi-entity companies.
A Master Vendor File (aka: Vendor Master File, Master Vendor List, or Supplier Master File) is an important part of accounting best practices, particularly where accounts payable is concerned. In this post we answer import questions like, What is a master vendor file, Why is a vendor master file important, and we share some best practices. Finally we will give a brief overview of how to set up your master vendor file in Microsoft Dynamics GP and D365 Business Central.
We had a blast at Dynamics Communities Summit NA 2024! The conference was great, the people were awesome and we loved exploring the City of San Antonio.
Fidesic’s Free AP automation app is being repositioned to make it more convenient for accounting pros to get lightweight AP processing tool and test Fidesic.
In this post, we will talk about Business Central accounts payable features and when you might want to go beyond the out of box functionality when it comes to accounts payable. We’ll do this by sharing some of the shortcomings of built in D365 AP tools when it comes to invoice processing and payments.
Fidesic is that AP automation company with the octopus logo. Fidesic, the only octopus AP automation built specifically for Dynamics GP & Business Central.
In the realm of Accounts Payable (AP), performance is not just about doing more work; it's about working smarter. These improvements are measured by key performance indicators (KPIs), which not only showcase your team's effectiveness but also pinpoint areas ripe for enhancement. If you're aiming to elevate your AP efficiency, understanding and optimizing these KPIs is crucial.
We had a blast at Summit Roadshow on Wed. If you missed our live recap yesterday we'll be sharing highlights form it here over the next couple of weeks, starting with Jim Bertler's session Dynamics GP.
Payments fraud increased in 2023 for the first time since we started watching and sharing results from the annual AFP Payments Fraud and Control Survey Report.
It’s now easier for Healthcare Accounting Professionals using D356 Business Central to install and get started with advanced Accounts Payable Automation.
Healthcare accounting is often complex. Healthcare accounting is often managed by health support organizations or management offices that handle tons of vendors across geographies. This can create pretty complex back-office processes. This includes super complex invoice processing requirements.
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