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Use ERP General Ledger and Accounts Payable functionality to streamline the accounts payable period close and ensure processing and reporting accuracy

Accounts Payable Period Close

An organized and controlled GL period close is essential to the completion of accurate financial statements. Accurate statements are critical in expense control analysis and support informed financial decisions. An accounting year is based on a number of accounting periods. Though monthly accounting periods are usually the norm, accounting periods do not need to be…

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5 Easy Ways for Cannabis Growers and Processors to Save Money

As the market uncertainty in the cannabis industry continues—and the competition grows fiercer— growers and processors need to maximize profits to protect their bottom line. By deploying an automated ERP solution like SilverLeaf running on Microsoft Dynamics 365 Business Central in the cloud, managers can gain access to key performance indicators that identify areas where…

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Green cucumber plants growing in glasshouse

Greenhouse Growers Feeling Pressure to Adopt Modern Technology

The greenhouse grower market continues to expand rapidly while supply chain costs continue to rise. But there is continued pressure to adopt modern grower technology. Given these trends, growers have to become more efficient in their operations. Manual processes supported by spreadsheets and entry-level accounting systems can work to a certain extent. But as the…

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financial graph chart- general ledger

Financial Management: Accounting Period Close Implementation Process

An organized and controlled GL period close is essential to the completion of accurate financial statements. Accurate statements are critical in expense control analysis and support informed financial decisions. An accounting year is based on a number of accounting periods. Monthly accounting periods are the norm. Monthly accounting periods do not need to be based…

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Mastering Cannabis Operations: Personnel, Planning, and Production

Many growing cannabis producers have solved the challenge of using manual spreadsheets and entry-level accounting programs by transitioning to SilverLeaf CBC from Velosio as their ERP system. SilverLeaf is powered by Microsoft Dynamics 365 Business Central and integrates all financial and production functions to optimize cannabis business operations. In Part 2 of our Mastering Cannabis…

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Sales and Business Intelligence Concept - Marketing Campaigns and Programmatic Marketing- key performance indicators for distributors

Outpace the Competition with Business Intelligence: Key Performance Indicators for Distributors to Analyze

The capability to leverage business intelligence and business analytics tools is critical for distributors. Intelligence helps you understand how well you’re operating and the reasons why. Analytics helps you predict what will happen and make the necessary adjustments ahead of time to achieve your business objectives. You can determine how things are going with vendors,…

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illustration of 2 different paths

What is the Difference Between ERP and CRM?

On the surface, an ERP and a CRM system might look like they have a lot in common.  Both are data repositories that provide a single source of truth for the entire business. Both are used to streamline operations and improve the customer experience. And – both play a central role in optimizing revenue.  But…

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Dynamics 365 Business Central and NAV: What’s Next?

Dynamics 365 Business Central and NAV: What’s Next?

With Dynamics 365 2022 Release Wave 2, Microsoft is making several enhancements to Business Central (BC) and NAV that will be available between October 2022 and March 2023. To give you a preview of the improvements and an idea of which new functions might help your business, Diana Harvey, a Pre-Sales Solutions Architect for Velosio,…

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Microsoft Dynamics SL Year End Updates & Close Processes

The target date to release the 2022 Year End Update for Dynamics SL 2018 is the week of December 18, 2022. There is no Year End Update available from Microsoft for SL 2015 or SL 2011. The reported changes are: The year has been added to dynamically print on the form since the IRS removed…