Financial firms provide a better ERP fit for smaller, independent companies with Microsoft Dynamics.

Financial firms consolidate disparate ERP platforms, facilitate crucial initiatives for GAAP and transition to IFRS reporting requirements, manage spin offs with a standardized software application, and provide a better ERP fit for smaller, independent companies with Microsoft Dynamics.

Market dynamics have changed dramatically for Financial Services companies. The credit crisis, volatile stock markets, and recession have put sellers at a disadvantage: they face fewer buyers, more caution, and lower deal multiples. At the same time, those same market forces are exposing marginally performing businesses and are compelling companies to explore multiple options—including divestitures—as a way to raise cash, shed debt, or improve performance. Financial services companies are focusing on reorganization and examining which businesses are profitable and how each is performing to evaluate their sea of assets. As financial institutions consider new ways of doing business, they must also consider the technology solutions that will enable them to be successful and provide the right fit for their business to increase their annual return and lower their total cost of ownership.

InterDyn AKA is helping Large financial services companies chart a bold transformative course to reposition and re organize their companies, helping them to determine which businesses are profitable and how each entity is performing in order to sell off assets. By implementing a Microsoft Dynamics system that is the right size accounting platform for newly formed independent entities that have spun off or preparing to be sold, Microsoft Dynamics offers a more cost effective structure and the appropriate level of software to produce an annual return on their investment and reduce their overall cost of ownership. In addition, US financial reporting standards are undergoing broad changes due to the convergence of US GAAP with International Financial Reporting Standards, and as publicly traded firms they need to comply with government reporting standards to become more transparent to shareholders and board members.

Implementing Microsoft Dynamics for large financial firms and replacing their costly tier one systems has helped them to consolidate disparate ERP platforms, facilitate crucial initiatives for GAAP and transition to IFRS reporting requirements, manage spin offs with a standardized software application, and provide a better ERP fit for smaller, independent companies.

By | 2017-10-17T21:25:30+00:00 July 29th, 2009|Finance & Operations (ERP/AX/GP)|Comments Off on Financial firms provide a better ERP fit for smaller, independent companies with Microsoft Dynamics.
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Contributor: AKA Enterprise Solutions

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