PROTECT YOUR ACCOUNTING WITH MICROSOFT DYNAMICS GP

Written By: Jennifer Swiderski

from January 18, 2013

An insurance company was experiencing severe issues with their existing ERP software. They are a public, self-insurance pool providing liability and property coverage to municipal governmental entities. They needed a comprehensive accounting package to support their growing and emergent needs and selected the powerful accounting platform that only Microsoft Dynamics GP provides for their complex financial reporting.

They had been using an old mainframe system handling their claims and billing before implementing an industry specific software for insurance companies called Finys. This insurance software product suite is built to provide an operating platform for the carriers of property and casualty insurance. It also easily integrated with Microsoft Dynamics GP and met their needs for GAAP (General Accepted Accounting Principles) compliant by providing:

  • Strong Financial Reporting
  • Budgeting Capabilities
  • Traceability for Audits, Security and Financial
  • Ability to import Finys summary data into Microsoft Dynamics GP

Through the implementation of Microsoft Dynamics GP and its included robust, financial analysis tool, Management Reporter, the company’s reports for their 180+ members which formerly took all day to generate, now takes just minutes. The company is now enjoying many benefits by utilizing GP’s Reporting Tools, along with Microsoft Dynamics SmartList. They are now also able to eliminate manually entering ten key adding machine tapes which was very labor intensive.  Standard GP edit reports allowed the users to stop using these ten key adding machine tapes in order to check totals. Now they spend less time keying and more time analyzing!

We would be very pleased to discuss an innovative solution for your growing business. With the year just beginning it is important to start it off right. The TM Group is here to help simplify and streamline your needs for 2013. Please contact The TM Group today at 888.482.2864, visit our website at www.tmgroupinc.com or email jennifers@tmgroupinc.com.