Although the end of the Dynamics GP road has long been anticipated, the official announcement on September 25, 2024 made it real. Microsoft will end product support and updates for Dynamics GP on September 30, 2029.
Around the world in 2024, it is estimated that over 8,000 companies use Dynamics GP as an accounting tool. This vibrant and loyal community must now put transition plans in motion to ensure both a smooth transition and long-term success.
In its message to the Dynamics GP user base, Microsoft emphasizes its commitment to helping customers achieve these two goals through its emerging priority ERP, Dynamics 365 Business Central:
“With advancements in technology and changing market dynamics, business leaders are looking at their operations tools now more than ever to stay competitive, drive growth, improve profitability and ensure long-term company success. Microsoft is committed to ensuring we offer robust and innovative solutions to meet these needs. Dynamics 365 Business Central is Microsoft’s flagship SMB ERP product, optimized to help businesses thrive in a new world of cloud and AI computing.”
For finance teams, the decision to move to the cloud with Business Central is complicated by challenges not addressed in Microsoft’s statement nor in the company’s technological advancements. Financial reporting is a critical component of success for finance teams. Yet companies with more complex reporting requirements, such as multi-entity environments, will find this capability non-existent within Business Central.
Management Reporter: You Can’t Take it With You
Many Dynamics GP users enjoyed the financial reporting capabilities of Management Reporter, however this product is also being discontinued and will not be made available in the cloud. When the time comes to transition away from Dynamics GP to Business Central, these companies will be forced to invest in a Management Reporter Replacement solution from a third-party provider.
Our whitepaper, Saying Goodbye to Management Reporter, is a guide designed to help you choose the best long-term solution for your company. By sharing use cases from three unique customer journeys as they transitioned from GP to Business Central, you will learn the pros and cons of several reporting options. The customer stories reflect three very different approaches to solving the problem, yet they all resulted in the same outcome that led them to FYIsoft’s reporting software.
FYIsoft is Here to Help
FYIsoft is successfully easing the burdens for finance teams with our financial reporting software, ReportFYI.
The CFO of an 80-entity healthcare organization recently admitted his worry about making the decision to move from Dynamics GP to Business Central. Their reporting was quite complex, and he knew that the transition could impede the finance team’s ability to deliver financial reports in a timely manner.
In this video, the CFO reveals both the agony of choosing the wrong solution the first time around, and the relief that came when he found FYIsoft. “FYIsoft is ultimately what made the decision to go with Business Central the right choice for our company.”
Why FYIsoft is the Ideal Reporting Solution For Your Company
The following six reasons highlight how FYIsoft provides Dynamics customers with a pain-free migration to a reporting software that is even more powerful than Management Reporter.
- Minimal learning curve.
- Easy transition.
- Automated conversion of existing reports.
- Ease of use and flexibility.
- Additional automation features that reduce reporting time 50% or more.
- Built on Microsoft technology.
Are you ready for a pain-free transition with no learning curve and the reporting power needed for complex reporting requirements? Schedule a demo today and allow us to take you on a personalized tour of our financial reporting for Business Central.