By now, the five-step revenue recognition model for recognizing revenue under ASC 606 is familiar to most accountants. The five steps of this model are: 1) Identify the contract with a customer; 2) Identify the performance obligation in the contract; 3) Determine the transaction price; 4) Allocate the transaction price; and, 5) Recognize revenue as […]
Why You Need an ERP Partner, Not an ERP Vendor
When you make a decision to purchase an ERP system, you’ll almost certainly also be making a decision on an implementation solution provider as well. Some companies define the relationship with their solution provider as a customer/vendor relationship – a relatively adversarial relationship where the vendor must be closely managed and their “feet must be […]
The Importance of a Good ERP Partner
We know from experience that companies don’t always really consider the importance of an ERP Partner’s experience working with other companies in their particular industry. Some companies may choose their ERP implementation vendors based on their size, or the number of overall implementations that they’ve done, but far fewer ask this critical question: “How many […]
The Impact of the SaaS Model on Customer Service
The SaaS model is clearly here to stay, and it feels that every day a new offering is born, whether from a brand new start up or from a company with an established history of selling traditional on premise software products. From a customer perspective, the benefits are clear – lower initial upfront costs, higher […]
How to Get an Industry-specific Fabless Semiconductor ERP That Works for Both Finance and Operations
In today’s post-modern ERP world, many emerging companies reject the monolithic “all-in-one” solution of the past. Instead, they’re opting for a best-of-breed cloud approach, which is now well-supported by current integration technologies. So, this popular approach no longer requires a large IT department (and budget). Consequently, it’s easier than ever for mid-sized companies to get […]
Postmodern ERP and Tensoft
This is the first in a series about “Postmodern ERP,” a term coined by Gartner in 2013, and one that has been gaining momentum in common business vernacular ever since. In this post, I’ll take a look at what’s meant by postmodern ERP and how that relates to Tensoft. In the coming weeks ahead, I’ll […]
How to Upload Data in Business Central Using Configuration Packages
Configuration Packages is an alternative method to “Edit in Excel” to upload lots of data into Microsoft Dynamics 365 Business Central. This was called “RapidStart” in the Navision days. It is extremely useful around go-live configurations and can be used post go-live or during ongoing integrations with external systems. It can be used to upload […]
New Features in Microsoft Dynamics 365 Business Central October 2019 Release: Part II
Continuing the previous blog post on some of the new features in Dynamics 365 Business Central October 2019 release: Add Links to Navigation Menu You can now add links to different pages – like favorites – using the new bookmark icon. Let’s say purchase invoice is not on your homepage and you go to it […]
New Features in Microsoft Dynamics 365 Business Central October 2019 Release: Part I
The October release of Microsoft Dynamics 365 Business Central is here with new features and functionalities to enhance the user experience and improve productivity. To see a full list of what’s available right now and is in the works, click here. In this blog post, I’ll be covering a few features that I thought were […]
Workflow and Approval Users in Microsoft Dynamics 365 Business Central
In our previous blog post, we looked at workflow templates in Microsoft Dynamics 365 Business Central. Once you enable these workflows, there are some slight configurations. There are a lot of articles available on how to do it – Microsoft’s user manual for approvals is a great resource! How to set up Workflow Users The […]