In our dynamic fast-moving business environment, being at the forefront is key. Yet, many companies are still relying on outdated systems like Dynamics GP, unaware of the hidden costs and risks associated with it.
If you’re one of them, it’s time to consider making the switch to Forbes Advisor’s #1 SMB ERP, Dynamics 365 Business Central. Here’s why you need to start planning your departure.
Outdated Technology: A Barrier to Efficiency
Dynamics GP was a game-changer when it was first introduced, but technology has evolved significantly since then. Designed primarily for on-premises deployment, Dynamics GP struggles to keep up with the demands of modern cloud-based or hybrid environments. This means you’re missing out on the scalability, flexibility, and enhanced security that cloud computing offers.
By sticking with Dynamics GP, you’re likely facing inefficiencies that could be easily resolved with a more modern ERP system. Additionally, maintaining physical systems can be costly, with ongoing expenses for hardware, maintenance, and IT support. These expenses can rapidly accumulate, affecting your bottom line.
Moreover, as third-party products evolve, they may no longer be compatible with your outdated system, leading to further expenses for updates and integrations.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 expensive 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 your operations, automate routine tasks, and provide real-time insights that drive better decision-making. By moving to Business Central, you not only enhance efficiency but also reduce long-term costs and avoid the hassle of maintaining an outdated system.
Security Vulnerabilities: A Growing Concern
As Dynamics GP approaches its end of life in 2029, Microsoft will limit providing updates and support. This leaves 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 there have been claims that being on the cloud still puts you at risk for cyberattacks, the likelihood is significantly lower compared to staying on 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 limitations of staying on Dynamics GP include:
- Lack of Advanced Threat Detection: Older systems do not have the sophisticated AI and machine learning capabilities that Business Central uses to detect and mitigate threats in real-time.
- Delayed 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 Challenges: 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 not only enhance your security posture but also reduce the risk of costly cyber incidents and compliance breaches.
Compliance Risks: Don’t Get Caught Off Guard
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, which can significantly impact 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 Price of No Action is More Than Just Financial
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 make the 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.
Act Now: Secure Your Business’s Future
The bright side is that you don’t have to do 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.
Don’t wait until it’s too late. Contact TMC today to take advantage of our assessment service and start planning your move to Dynamics 365 Business Central. Secure your business’s future and unlock the full potential of a modern, AI-powered ERP system.
About TMC
TMC (Technology Management Concepts) is a renowned Gold Microsoft Dynamics Partner located in Southern California. With over 350 Microsoft Dynamics ERP and CRM users in their clientele, TMC has a strong track record of software implementation spanning over 30 years. They have consistently been recognized as one of the top workplaces and fastest-growing businesses, earning the prestigious INC 5000 recognition and consistently ranking in the top 100 VAR.
Jennifer, the esteemed CEO and President of TMC, has been nominated for the Inspirational Woman and Role Model of the Year awards by the LA Times B2B Publishing Inspirational Women Awards and CRN Role Model of the Year Award, which showcases her exceptional leadership.
The TMC team comprises experienced professionals from various industries, bringing their unique blend of software expertise and practical business application to the table. This diverse background has been crucial to their consistent success. At TMC, they are committed to making a positive and lasting impact on their clients and each other.
What sets them apart is their distinctive and vibrant culture. Although they have the necessary expertise and resources, they foster a close-knit environment where every team member is valued and contributes to a collaborative, creative, and enjoyable work atmosphere. They strongly believe that a happy and fulfilled team leads to enhanced client experiences.
