While rapid adoption of cloud based business software has proven its ability to deliver major efficiency gains and cost savings to countless businesses around the world, many business decision makers remain skeptical that reliable security and compliance in the cloud is possible. However, these concerns are unfounded as many organizations have found compliance in the cloud to be not only possible, but a more efficient way to ensure successful audits. Here are three examples of organizations that have used Microsoft Dynamics GP to meet compliance needs.
With about 50 employees Syndiant is a fabless manufacturer of light-modulating panels for ultraportable projectors. Before Syndiant took its technology into production, they needed a cloud based ERP infrastructure that could support growth and manage their fabless manufacturing operations. They also needed a solution that could provide controls to remain GAAP compoliant. They chose Microsoft Dynamics GP with Tensoft’s Fabless Semiconductor Management solution.
“We needed more sophisticated accounting capabilities and an ERP system to manage distribution channels and multisource products. We needed a solution that would enable us to manage the supply chain from wafers to finished goods, both from a planning and financial perspective,” said Tupper Patnode, Vice President of Operations, Syndiant.
Foodco Holding is among the leading distributors of consumer packaged goods in the United Arab Emirates and is listed on the Abu Dhabi Securities Exchange. The firm wanted to unify its five different standalone business units on to a single enterprise resource planning solution that could provide adequate workflows and controls to support financial and labor law compliance. They chose Microsoft Dynamics GP.
“Our previous business management software was based on UNIX applications, but we started to move to Microsoft Dynamics GP products in 2002. With the privatization of the business in 2006, we saw an opportunity to upgrade and standardize on one business management system. Our auditor suggested a solution to manage all financial and HR functions, ensuring compliance with government labor law regulations in the Gulf,” said Huiam Abdalla, IT Manager, Foodco Holding.
Mays Mission for the Handicapped helps find job opportunities, scholarship funding, and support services for people with disabilities throughout the US and promotes awareness of the potential of people with disabilities. Mays Mission needed to move from an on premise Microsoft Dynamics GP to a cloud-based version in order to stay current with GP upgrades and enhancements without incurring new licensing and maintenance fees. The organization also needed to ensure successful audits for SOX and other compliance requirements. They chose myGPcloud to host their Dynamics GP system.
“I would recommend myGPcloud to anyone. It’s an outstanding value, takes a huge burden off our own resources, and offers an advanced solution that helps us streamline our work in so many ways,” said Sherry M. Niehaus, President and Executive Director, Mays Mission for the Handicapped.