It’s no secret that regardless of your industry, regulatory requirements are bound to change. During this second post in our five-part series titled “5 Ways to Boost Your Company’s Financial Health,” we’ll focus on the importance of using a proven financial software solution to run a better business.In part one of the series, we explored how to maximize every dollar. Today, we’ll look at how you can easily adapt to the changing regulatory requirements in your industry.
Adapt to Changing Regulatory Requirements
When it comes to regulatory requirements one thing can be certain. Change. Whether you’re faced with health care mandates or specific financial reporting requirements, it’s important to use systems that deliver compliance today but have the flexibility to adapt as regulations change.
An enterprise resource planning (ERP) solution, such as Microsoft Dynamics GP, boasts financial management tools with securities and controls designed to help your company meet regulatory requirements. Because Microsoft Dynamics GP was built on tired and true accounting and reporting best practices, it helps deliver accountability and oversight. In addition, Microsoft Dynamics ERP features the ability to clearly separate duties around sensitive data and processes. This helps to reduce fraud and protect your business from internal risk.
Microsoft Dynamics GP features flexible financial management capabilities, which enable you to change your workflows and processes to affordably keep your business compliant.
It’s inevitable that regulatory requirements will change. Can your current financial management solution adapt?
Don’t just take our word for it, watch our QuickBooks and Microsoft Dynamics GP general ledger comparison video.
Learn more by contacting The Resource Group, a Pacific Northwest-based Microsoft Dynamics GP partner.