If we know one thing for sure during this trying time, it is that change is inevitable, and preparation is critical. Advancements in technology have been driving transformation for quite some time now. Yet, it took the onset of a global pandemic to change business models that were no longer effective. You can feel the ripple effect of this change within every business layer, not just revenue, but business operations. With the help of Microsoft Dynamics GP, Microsoft’s cloud-based business management solution, companies can grow and evolve rather than crumble under pressure.
Microsoft Fighting Disaster on Front Lines
Since the beginning of the outbreak, Microsoft has been on the front lines of the disaster, helping businesses transition and the medical community expand their outreach. Microsoft Teams is vital in managing remote offices, Microsoft Azure is driving innovation in the healthcare industry by streamlining research and development processes, and both are working together to support the rise of telemedicine.
Our data, livelihoods, and health are at stake during this turbulent time. But Microsoft continues to provide individuals and businesses with the tools they need to thrive, including Microsoft Dynamics GP.
Going Beyond the Outbreak with Microsoft Dynamics GP
You can illustrate the effects of a global pandemic by throwing a stone into water. The initial entry of the stone disturbs the water, but it does not stop there. The ripples can be felt and seen for much time after the initial disturbance.
This chain reaction is very similar to the COVID-19 pandemic.
The initial outbreak requires immediate medical attention and social precautions, but the economic fallout moves far and wide. Microsoft Dynamics GP offers technological solutions for the new economic environment we are currently navigating as citizens, business owners, and leaders.
What is Microsoft Dynamics GP?
Microsoft Dynamics GP is a cloud-based business management solution for small and medium-sized businesses (SMBs) that goes beyond traditional accounting software. Users can quickly develop flexible, configurable solutions that will grow with your business, which is essential during this unprecedented time.
With Dynamics GP, you can manage your cash, assets, and banking while tracking and managing your production, inventory, orders, returns, and vendors. Users can manage business contacts, sales, opportunities, and service contracts. Internal business processes such as human resources and payroll can be easily managed and adapted to ever-evolving business practices and requirements. The comprehensive platform gives you real-time visibility and analytics to track your performance and act immediately on insight.
Dynamics GP Helping Businesses Adapt
Microsoft already knew 2020 would be difficult for businesses to navigate with the implementation of the new W4, but then companies had to adapt to the implications of the novel coronavirus readily. At the onset of the pandemic in March 2020, businesses had no other choice but to make it work in the new environment. For some, that meant switching to a remote office, and for others, it meant layoffs or navigating paid leave under the Families First Coronavirus Response Act (FFCRA).
FFCRA requires certain employers to provide employees with paid sick leave and expanded family and medical leave for reasons related to COVID-19. The provisions came into effect April 1, 2020, and will remain until December 31, 2020. Microsoft witnessed businesses struggling to maintain operational efficiency with these new requirements. They readily developed a methodology within Dynamics GP that allows you to harness the power of the tools you already have to meet your team’s needs.
Using Dynamics GP Field Service Management on the Fly
The challenges do not begin and end with new tax codes and paid sick leave. Payment processing, contract administration, service call management, and preventative maintenance management are just a few of the capabilities of Dynamics Field Service Management. Each capability can address a facet of your business affected by the new economic environment because of COVID-19.
With the Dynamics GP credit card processing integration, your business can seamlessly switch to hands-free payment options, a necessity in a world plagued with a highly contagious virus. The contract administration and service call management features within the Dynamics GP platform can provide your company with the means to enhance contract profitability and service functionality, two incredibly essential concepts in the current environment.
Moving Forward Together
As we move through this crisis together, we can use it to evolve business practices that were holding us back. It is an opportunity to establish tailor-made digital business tools, strategies, and collaborations. This disaster has made it clear that we can no longer ignore technology advancements. Instead, we must embrace the change using tools like Microsoft Dynamics GP that allow us to support long-term, sustainable growth.