Microsoft’s legacy ERP solution, Dynamics GP (Great Plains), has at least 15,000 active users. Dynamics GP 2015, Dynamics GP 2016, Dynamics GP 2018, GP 18.2, GP 18.3, and GP 18.4 (sometimes known as GP 2022) are only a few of the many editions of GP that have been released. The latest version is 18.5, also known as GP 2023.
For newer versions of GP, Microsoft offers significant support, including bug fixes, new features, compliance updates, service packs, ERP Productivity, enhanced security, and more. This includes everything you need to operate your business efficiently and in accordance with the law.
Unfortunately, Microsoft recently decided to discontinue support for older versions of ERP Dynamics GP in order to dedicate more resources to other projects. Therefore, if you don’t upgrade to the latest version, you run the risk of losing critical security updates and features in ERP Dynamics GP.
Why Should You Upgrade to Microsoft Dynamics GP?
Your business software should have access to the latest feature updates and enhancements provided by Microsoft Dynamics GP. However, it’s important to note that not all versions of GP can be upgraded directly to the updated version. Instead, the upgrade process may require a series of intermediate steps or “hops.” For example, upgrading from GP 2015 would involve updating to GP 2016, then progressing through versions GP 18.3, 18.4, and finally GP 18.5.
Each transition to a new version requires dedicated resources and time. If you don’t upgrade regularly, you may experience longer periods of downtime and more expensive upgrade processes to reach the latest system. Fortunately, the Evincible Solution team is here to assist you at every stage if you wish to modernize your Dynamics GP setup but are uncertain about where to start.
5 Reasons To Migrate Your Dynamics GP
It can be difficult to keep up with Microsoft’s constant releases and new features for Dynamics GP. But it’s essential to upgrade to the latest version to get the most out of your investment, take advantage of new features and functionality, and enjoy enhanced security and support. Microsoft Dynamics GP version 18.5 was released on October 1, 2022. Upgrade to the latest version of your Dynamics GP solution today.
Here are five reasons why it’s beneficial to update your Dynamics GP:
1.Updates To Compliance And Bug Fixes
Microsoft’s system updates consist of Service Packs, Hotfixes, and Compliance updates. Service Packs are released every six months and provide fixes for reported issues. Compliance updates are the result of Microsoft’s assessment of the top complaints about new features made by users. Hotfixes are available every month and provide quick fixes for minor issues. Updates ensure that you’re still adhering to accounting standards and tax laws. These updates are important, for example, if your company uses Dynamics GP for payroll or to fill out specific documents (like W2s and 1099s).
2.New Features And Functions
Each GP update includes new functionality. The latest version of GP includes increased security measures by supporting multi-factor authentication and enabling users to mask social security numbers on human resource reports. It also includes helpful functionality updates such as copy/paste with Payables transactions.
3.Features And Functionality Of Isv Products Are Easiest To Integrate
Regular GP updates make it possible to connect to Independent Software Vendors (ISVs), often known as third-party products, more easily. Is the updated version of GP compatible with any ISV products you might be interested in using? Utilizing both your GP solution and a third-party product frequently necessitates using the most recent versions of both.
4.Support
Each Dynamics GP version has an “end-of-support” date, the likelihood that Microsoft will stop providing support for the older Dynamics GP version. Without support, the rate of risk will be high in terms of potential bugs, compatibility, and data security. Older versions are no longer receiving automatic upgrades, which are necessary for bringing about important changes to payroll and tax regulations.
5.Avoid Workarounds And Cut Back On Costs
Although frequent upgrades may appear inconvenient, completing them in a timely manner ensures the smooth functioning of Dynamics GP and allows you to leverage the latest features and functionality it offers. When employees are compelled to use outdated systems, they may resort to workarounds to accomplish tasks, potentially compromising the security of your company’s data.
Regular updates maximize the potential of your GP solution, and by keeping your system up to date, the upgrades themselves don’t consume as much time or significantly impact your productivity. Furthermore, staying current will reduce your upgrade costs, as delaying the upgrade to the latest version increases the expenses.
Contact one of the experts at Evincible Solutions if you have any queries regarding upgrading and extending your GP.
