Presentation is loading. Please wait.

Presentation is loading. Please wait.

MEM High Level Overview Basic Functionality

Similar presentations


Presentation on theme: "MEM High Level Overview Basic Functionality"— Presentation transcript:

1 MEM High Level Overview Basic Functionality
Don Ramsay – Solutions Consultant

2 Agenda Introduction What is Multi-Entity Management?
Point 1 - Reporting in MEM Point 2 - Invoice Tracking Point 3 - Intercompany Transactions Point 4 - Month-end Point 5 – IT upgrade Costs in time and $ Bonus Point – AP Check Run Q & A

3 Introduction Don Ramsay
A CPA certified accountant with 26 years of experience and 5 years as a Dynamics GP consultant, Don brings a wealth of experience to his role as Solutions Consultant here at Binary Stream.

4 Binary Stream Award winning Microsoft Gold Certified partner
+15 years of continuous investment in R&D PROFIT 200’s list of Canada’s Fastest-Growing Companies +1,500 end users | +300 partners worldwide Consistently ranked in the top 5% of Microsoft partners worldwide 700% growth in past seven years

5 What is Multi-Entity Management ?
Multi-Entity Management (MEM) from Binary Stream does what no other solution can – it allows Microsoft Dynamics GP users to manage any number of corporate entities within a single company database. Why is this important? By having consolidated data in one database, Multi-Entity Management customers across many industries are able to shave hundreds of hours every year from their accounting, finance, and IT processes and to gain powerful insight into corporate performance even in complex fast-growing multi-company environments:

6 Point #1 Manually consolidating reports is extremely time consuming

7 Reporting in MEM With MEM you’re only reporting from one database as opposed to multiple databases There’s no longer a need to repetitively run reports on each company, consolidate then re-run reports No need to verify that all month-end transactions were processed in each database

8 Point #2 Chasing down unpaid invoices is a huge pain

9 Invoices & ad hoc queries
No need to play Sherlock Holmes trying to track down which company the invoice is in. One database = one source for all of your data No need to disrupt your workflow when processing invoices by having to log in and out of databases

10 Point #3 Intercompany transactions require a lot of unnecessary effort

11 Intercompany transactions
Enter the transaction and automatically have it posted in the destination company, much less time consuming! View the destination company and distributions from the originating company, allowing traceability when you need it

12 Point #4 Month-end is a major headache

13 Month-end closing No need to gather data and reports from each database and no logging in and out Much less time tracking down miscoded transactions and unbalanced GL accounts when you’re rushing to close the month off

14 Point #5 Your upgrade is going to be long, expensive, and you’re going to be down a couple days

15 IT Costs Consider the facts, upgrading one database is going to take X amount of time. Multiply that time by the number of databases and you’ve got an expensive situation Reduced downtime during upgrades, and we all know that time = money

16 Bonus I wish I didn’t have to flip between so many databases just to do a check run

17 Accounts payable You no longer have to create a separate check run for each company Regardless of whether you’re doing centralized or decentralized processing, you only have to do one check run

18 Don’t just take our word for it
“We have been able to reduce 140 GP databases down to just 4 and now have the ability to easily run analyses across multiple entities, in addition to saving time switching between entities.” Stephen Kai Corporate Controller, Jim Pattison Group

19 Don’t just take our word for it
“By moving 50 locations off of Oracle to Dynamics GP with MEM we are saving at least $70k per year!“ – Bill Breitenback, IT Director of Signature Healthcare “MEM helps us manage inter-company transactions, has streamlined our accounting, eliminated a lot of redundant activities and has helped bring our organization forward “ – Andrew Borzumato, Accounting Manger, Mission Health

20 The MEM Bridge The MEM “Bridge” is a MEM module that allows multi-entity companies with differing to operate as if they were in one single database Functional Currencies Fiscal Year Ends Chart of Account Structures Inventory Valuation Methods

21 It does however, enable them to function as if it were
MEM Bridge does not consolidate databases with the aforementioned constraints. It does however, enable them to function as if it were a single database.

22

23 Questions & Answers

24 Contact us For more information, please contact:
Binary Stream Software Office:


Download ppt "MEM High Level Overview Basic Functionality"

Similar presentations


Ads by Google