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Choosing Microsoft DynamicsGP ERP Accounting Software

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Accounting Software Selection

There is no shortage of accounting software to choose from, and choosing the right accounting software includes more than the software costs. It includes choosing the platform environment where the accounting software will reside, calculating the Total Cost of Ownership (TCO), and determining the Return on Investment (ROI).

New Millennium Solutions represents the Microsoft Dynamics GP software family.  If you need an experienced company to implement one of these systems, or to identify the best fit for your organization, you have come to the right place.

On-Premise vs. Hosted-Owned vs. Hosted-SaaS vs. Cloud-SaaS

One of the first steps to determine the right accounting system is to identify the best platform environment from on-premise accounting, hosted, software-as-a-service (SaaS), or cloud/browser based, which often identifies the best software to use.

Software Platform Environments
FactorsOn-PremiseHosted-OwnedHosted-SaaSCloud-SaaS
ProductDynamics GPDynamics GPDynamics GPDynamics 365
Install LocationYour ServerProvider's ServersProvider's ServersMicrosoft Servers
Who Owns
the Data
YouDepends on
Hosting Provider
Depends on
SaaS Provider
You
User LicensesInitial Purchase
with Annual
Enhancement
Fee
Initial Purchase & Annual Enhancement
with Monthly
Hosted Fee
Monthly or Annual License FeeAnnual License Fee
Software LicensingCapitalized
Software
License with
Annual
Maintenance
Fee
Capitalized
Software
License with
Annual
Maintenance
Fee
Monthly or Annual License
Fee
Annual License
Fee
Hosting FeeNoneMonthly FeeIncluded in
Monthly or Annual Fee
Included in
Annual Fee
Disaster Recovery
Backups
Your
Responsibility
Verify Host
Provider provides
Verify Host
Provider provides
Provided by
Microsoft

Total Cost of Ownership (TCO)

The Total Cost of Ownership (TCO) will include different costs depending on the software platform environments. For example, an on-premise accounting software includes the hardware and its maintenance, software installations, and both hardware and software upgrades, but the hosted, SaaS, and cloud environments will not include those costs. If you are comparing the TCO between the different platforms, it is best to create a comparison chart, so you can easily visualize and determine which costs to include for the various platforms. Learn more...

Return on Investment (ROI)

The Return on Investment (ROI) quantifies the impact the new accounting software will have on your business. It measures the benefits received verses the investment costs of the new accounting software over a pre-determined amount of time. Developing credible monetary values for the benefits can be both challenging and controversial. The decision-makers of the company will determine the benefits to include in the ROI analysis. Determining the ROI is not a precise process, and you will need to estimate the monetary values of some, if not many, of the benefits. Although estimates must be used, it is still important to specifically identify the benefits and their associated ROIs. Learn more...

Contact us to learn more about our accounting software selection services