In today's fast-paced business world, staying ahead is crucial. However, many companies still use outdated systems like Dynamics GP, unaware of the hidden costs and risks. If this sounds familiar, it's time to consider switching to Forbes Advisor’s top-rated SMB ERP, Dynamics 365 Business Central. Here’s why you should start planning your transition.
Outdated Technology: Hindering Efficiency
Dynamics GP was revolutionary when it first launched, but technology has advanced significantly since then. Primarily designed for on-premises deployment, Dynamics GP struggles to meet the demands of modern cloud-based or hybrid environments. This means missing out on the scalability, flexibility, and enhanced security that cloud computing offers.
Sticking with Dynamics GP likely means dealing with inefficiencies that a modern ERP system could easily resolve. Additionally, maintaining physical systems incurs ongoing costs for hardware, maintenance, and IT support, which can quickly add up and impact your bottom line.
As third-party products evolve, they may no longer be compatible with your outdated system, leading to further expenses for updates and integrations. These updates can be more costly and cumbersome than transitioning to Business Central, which offers seamless compatibility with modern tools and technologies.
Business Central, with its AI-powered capabilities, can streamline operations, automate routine tasks, and provide real-time insights for better decision-making. By moving to Business Central, you enhance efficiency, reduce long-term costs, and avoid the hassle of maintaining an outdated system.
Increasing Security Risks
As Dynamics GP nears its end of life in 2028, Microsoft will stop providing updates and support, leaving your system vulnerable to security threats and compliance risks. Unsupported software is a prime target for cyberattacks, which can lead to data breaches, financial losses, and damage to your reputation.
While some argue that cloud systems are also at risk for cyberattacks, the likelihood is significantly lower compared to unsupported software.
Microsoft will continue to provide security updates for Dynamics GP, but these systems will lack the advanced security features and proactive threat detection available in Business Central. For instance, Business Central benefits from continuous improvements in AI-driven security measures, real-time threat intelligence, and automatic updates that address the latest vulnerabilities.
The drawbacks of staying on Dynamics GP include:
Limited Threat Detection: Older systems lack the sophisticated AI and machine learning capabilities that Business Central uses to detect and mitigate threats in real-time.
Infrequent Security Patches: While Microsoft may provide some security updates, they will not be as frequent or comprehensive as those for Business Central, leaving gaps that could be exploited by cybercriminals.
Compliance Issues: Staying compliant with industry regulations becomes increasingly difficult with outdated systems that do not support the latest security standards and protocols.
Transitioning to Business Central ensures you benefit from Microsoft’s robust security features and regular updates and backups, keeping your data safe and your business compliant with industry regulations. By moving to Business Central, you enhance your security posture and reduce the risk of costly cyber incidents and compliance breaches.
Compliance Challenges: Stay Ahead of Regulations
Regulatory requirements are constantly evolving, and staying compliant is a top priority for any business. Dynamics GP’s outdated technology can make it challenging to meet these requirements, exposing your business to potential legal and financial penalties. Non-compliance can result in hefty fines, legal fees, and even operational shutdowns, significantly impacting your bottom line.
Business Central, on the other hand, is designed to help you stay compliant with ease. Its advanced features and regular updates ensure you’re always aligned with the latest regulations, reducing the risk of non-compliance.
The True Cost of Inaction
While the financial costs of staying on Dynamics GP are significant, the impact on your business goes beyond dollars and cents. Operational inefficiencies, security vulnerabilities, and compliance risks can all lead to lost revenue, damaged reputation, and decreased customer satisfaction.
Moreover, as more businesses switch to Business Central, the demand for qualified Microsoft Solutions Partners will increase. This could drive up the cost of migration and make it harder to find the right partner to support your transition.
Take Action: Secure Your Business’s Future
The good news is that you don’t have to navigate this transition alone. Our comprehensive GP to BC assessment service can help you evaluate your current Dynamics GP system, identify your business needs and challenges, and recommend the best solution for your organization’s unique needs. We’ll guide you through the entire process, from planning and data migration to customization and training, ensuring a smooth and timely transition with minimal disruption.
Discover how CBR Technology can revolutionize your business with Dynamics 365 Business Central. From initial implementation to ongoing support, we ensure a seamless transition, maximizing productivity, cost savings, and security.
Reach out for a free demo today!
Website: cbrtechnology.com
Email: sales@cbrtechnology.com
Phone: 855.227.0700
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