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Overview
What is Microsoft Dynamics SL?
Microsoft Dynamics SL is one of the ERP products in the Dynamics family. This product was acquired from Solomon 2000. The product is typically used by SMBs, particularly in project-based businesses (e.g. construction). It has strong accounting and project management…
Dynamics SL 2011 - more to be desired!
Non-profit's review of Microsoft Dynamics SL
Project Accounting
Dynamics SL For Project and Crew Based Accounting
Dynamics SL - A strong product for Now and the Future
Microsoft Dynamics SL - Power through Flexibility
My 17 year review of Microsoft Dynamics SL is nothing but POSITIVE!
Microsoft Dynamics SL is quite dynamic!
Great for the Project/Service Oriented Company
Don't Just Sit There, Use Microsoft Dynamics SL Now!
Would not purchase SL today
Dynamics SL-The Right Choice for the Project-Based Organization
Aside from Integration and Reporting, Microsoft Dynamics SL is a Good Small Business Solution
Dynamics SL
Awards
Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards
Popular Features
- Accounts payable (10)7.676%
- Single sign-on capability (9)7.474%
- Standard reports (9)7.171%
- Custom reports (9)6.161%
Pricing
What is Microsoft Dynamics SL?
Microsoft Dynamics SL is one of the ERP products in the Dynamics family. This product was acquired from Solomon 2000. The product is typically used by SMBs, particularly in project-based businesses (e.g. construction). It has strong accounting and project management capabilities.
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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Product Demos
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LinguaPack for Dynamics SL Demo
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Microsoft Dynamics SL Bank Reconciliation Demo
Features
Payroll Management
Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.
- 9.6Pay calculation(2) Ratings
Pay calculation provides for computation of employee pay with state and federal deductions.
- 9Direct deposit files(1) Ratings
Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.
Customization
This addresses a company’s ability to configure the software to fit its specific use case and workflow.
- 6API for custom integration(6) Ratings
An API (application programming interface) provides a standard programming interface for connecting third-party systems to the software for data creation, access, updating and/or deletion.
- 6Plug-ins(4) Ratings
A number of third-party plug-ins are available to expand the core functionality of the software.
Security
This component helps a company minimize the security risks by controlling access to the software and its data, and encouraging best practices among users.
- 7.4Single sign-on capability(9) Ratings
The software system supports a centralized authentication mechanism allowing the user to access multiple systems with a single, centrally managed password.
- 7.3Role-based user permissions(8) Ratings
Permissions to perform actions or access or modify data are assigned to roles, which are then assigned to users, reducing complexity of administration.
Reporting & Analytics
Users can report on and analyze usage, performance, ROI, and/or other metrics of success.
- 7.1Dashboards(5) Ratings
Users can create, customize and share dashboards, which provide an overview of the most important metrics.
- 7.1Standard reports(9) Ratings
The software offers pre-built reports with metrics standard to the category.
- 6.1Custom reports(9) Ratings
Users can create custom reports.
General Ledger and Configurable Accounting
Financial management solution, including capabilities for general ledger and configurable accounting
- 7.6Accounts payable(10) Ratings
This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.
- 6Accounts receivable(7) Ratings
This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.
- 6Global Financial Support(1) Ratings
Account using multiple ledgers, multiple currencies, and multiple entities
- 6.6Primary and Secondary Ledgers(3) Ratings
Record and report across multiple currencies and accounting standards with primary and secondary ledgers
- 7.4Journals and Reconciliations(3) Ratings
Automate and synchronize ledgers and processes
- 7Configurable Accounting(2) Ratings
Configure accounting rules and segments for each chart of accounts
- 7.3Standardized Processes(2) Ratings
Centralize financial management to facilitate standardized financial processes
Inventory Management
The ability to track and manage the flow of goods or materials into and out of an inventory.
- 6Inventory tracking(5) Ratings
The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.
- 1Location management(2) Ratings
The software can track multiple goods across multiple locations.
Order Management
The ability to process orders, and track them from quote to cash.
- 6Pricing(2) Ratings
Users can set up complex and unique pricing requirements.
- 6Order entry(3) Ratings
Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.
- 7Credit card processing(2) Ratings
The software facilitates credit card processing.
- 7Cost of goods sold(2) Ratings
The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.
Subledger and Financial Process
Revenue management solution including capabilities for subledgers and financial processes
- 6Billing Management(1) Ratings
Access role-based billing work area, perform discrete and recurring billing
- 7.3Cash and Asset Management(3) Ratings
Manage liquidity and cash requirements, asset transfers, disposals, reclassifications, and financial adjustments
- 5Travel & Expense Management(1) Ratings
Enter expenses from mobile devices, integrate credit card and travel booking, configure policy enforcement
- 6.3Budgetary Control & Encumbrance Accounting(2) Ratings
Control spending at any budget level or time interval
- 7.4Period Close(3) Ratings
Sustain fast close with integrated subledgers, intuitive dashboards, embedded collaboration
Project Financial Management
Project financial management solution including capabilities for project budgeting, cost control, billing and contract management.
- 7.3Budgeting and Forecasting(3) Ratings
Establish project budgets and forecast future project financials
- 6.3Project Costing(3) Ratings
Standardize, track, and control costs at all project phases
- 2.1Cost Capture(2) Ratings
Capture costs including those for procurement, financials or time and labor, including from external systems
- 8Capital Project Management(1) Ratings
Track and manage capital asset costs
- 2Project Revenue Recognition(1) Ratings
Recognize project contract revenue in line with accounting policies and regulations
Grants Management
Grants management solution for higher education, public sector, or non-profits with capabilities for managing financial awards for program and project funding
- 6Award Lifecycle Management(1) Ratings
Manage the life of program funding awards from initial funding to close-out
Manufacturing
Manufacturing solution for managing manufacturing processes and costs.
- 6Production Management(1) Ratings
Centralized critical status information for production supervisors
Supply Chain
Supply Chain Planning solution with capabilities for planning, performance monitoring, change responses and execution.
- 6Inventory Planning(1) Ratings
Establish projected inventory levels, monitor actual levels and compare with projected levels
Product Details
- About
- Integrations
- Competitors
- Tech Details
- FAQs
What is Microsoft Dynamics SL?
Microsoft Dynamics SL Integrations
Microsoft Dynamics SL Competitors
Microsoft Dynamics SL Technical Details
Operating Systems | Unspecified |
---|---|
Mobile Application | No |
Frequently Asked Questions
Comparisons
Compare with
Reviews and Ratings
(68)Attribute Ratings
Reviews
(1-3 of 3)Microsoft Dynamics SL is quite dynamic!
- Easy to create debits and credits to applicable accounts.
- Easy to keep track of payments, which can be seen on the easy to access Aging report.
- Easy top view line items of each transaction made to each account
- Difficult to reverse an incorrect entry.
- Difficult to complete some tasks without authorization to certain modules.
- Would freeze up a lot, and would therefore have to start over.
- Accounts payable
- 80%8.0
- Accounts receivable
- 80%8.0
- Inventory tracking
- N/AN/A
- Automatic reordering
- N/AN/A
- Location management
- N/AN/A
- Pricing
- N/AN/A
- Order entry
- N/AN/A
- Credit card processing
- N/AN/A
- Cost of goods sold
- N/AN/A
- Pay calculation
- N/AN/A
- Benefit plan administration
- N/AN/A
- Direct deposit files
- N/AN/A
- Dashboards
- 80%8.0
- Standard reports
- 90%9.0
- Custom reports
- 90%9.0
- API for custom integration
- N/AN/A
- Plug-ins
- N/AN/A
- Role-based user permissions
- 70%7.0
- Single sign-on capability
- 70%7.0
- Increased employee efficiency. While using this program, I was able to complete payments to factories pretty seamlessly. I just had to select the invoice that was getting paid, and include it in the batch for payment.
- Better customer service. I was able to better communicate with factories what was owed to them and why by entering the debit or credit notes and adding them to the batch to submit for payment.
- Helped us figure out what invoices were due or past due.
- Helped us reconcile our accounts
- Helped us keep track of what we were owed and what we owed other factories.
- Helped us chase factories when we received a short payment
- Continue to help keep track of our books
- Product Features
- Product Usability
- Implemented in-house
- How to switch modules to fully utilize the system.
- How to receive further authorization to modules.
- Creating debit or credit adjustments
- Creating batches for payment
- Downloading and printing the aging report
- Deleting incorrect debit or credit notes
- Deleting already printed checks
Dynamics SL-The Right Choice for the Project-Based Organization
We are much happier with the web apps having moved off of the business portal time entry tool which was extremely slow and time consuming.
We use Dynamics SL across the whole organization and everyone enters a timecard. We use the software for expense reporting and evaluating which were good projects and bad, which tasks were good and which were bad. We use the software to help us make better estimates on future similar projects.
We've used Dynamics SL the entire 20 years we've been in business and really love it.
- Facilitates Time Entry from any device.
- Facilitates billing with "Allocator" which is really a transaction creator-creating billing records from time cards using unique rules
- Simplifies the review of draft invoices-making transactions not ready to be billed yet default to the next billing period so revenue does not "leak".
- When we have a lot of invoices rather than just a few large invoices, we can be frustrated by how long it takes Flexible Billings to generate a lot of invoices
- It would be nice if Dynamics SL had an easy integration to some of the nicer salestax tools such as Avalara and CCH.
- It would be nice if the fixed assets module and electronic banking were not third party.
Dynamics SL, like Dynamics NAV has a tremendous toolset for customizing. If you allow the customizing to occur-make sure that you have the staff or budget to support lots of customizations as the mods do make support and upgrading a bit more challenging.
- Less time needs to be invested to create invoices from timecards.
- Project profitability is right there for you to review as the whole product is "project-centric"-we do less of the work that tends to lose us money and more lucrative work.
- The ease with which we are able to hide unwanted fields makes data entry simple.
- The intuitive naming of the tables makes report writing much easier than most accounting/ERP products.
We have a lot of Dynamics SL experience on staff so if anything bad were to happen we could fix it right away. Fortunately this has not happen in a long time. Microsoft has improved the testing process on this product so that service packs and new version are cleaner.
- Time Card Entry
- Time Card Approval
- Billing transactions that get generated automatically from time cards.
- We charge trip charges based on distance to clients offices in Flexible Billings
- We've created SQL Reporting Services reports that red, yellow and green light utilization from services professionals on the team.
- We use Quick Queries to fetch worked, billed, and realized time for all.
- We could use the purchasing and inventory modules better
- We could integrate with nice requisitions products such as Paramount's Workplace.
- We could share our nice project accounting data with clients on a portal that is part of SharePoint.
- Price
- Product Features
- Product Usability
- Prior Experience with the Product
- Vendor Reputation
- Implemented in-house
- Professional services company
- Finding time to work on it while doing the rest of our work
- Configuring the allocator module to default exactly what we needed into the draft invoices
- Getting every one to enter time weekly-no exceptions.
- Integrating sales order lines with project revenue and costs is unmatched.
- Having project costs and revenues entered from any screen is extremely handy. You can make a Journal Entry to a project-updating both project and task
- Hiding fields, making fields required, even creating your own screens and reports with the toolset are easy relative to most accounting software/ERP solutions.
- Archiving data to a data warehouse if custom tables and custom programs have been added.
- Transaction Import is not quite as easy to use as other transaction importing tools-but it's free.
- Modifying some of the project accounting reports in Crystal is a bit difficult at times.
Dynamics SL
- General ledger allows users great flexibility to define the subaccounts. This allows information to be tracked & reported in a variety of ways depending on the needs of the organization. the subaccounts could be used to track departments, regions, locations, etc.
- Dynamics Sl has a strong and flexible Project Accounting system that integrates with the Financial Accounting system
- Dynamics SL is easy to customize allowing for integrations with other systems
- Dynamics SL uses industry standard SSRS and Crystal Reports for reports
- Dynamics SL accepts transactions entered in foreign currencies. The system automatically convents these transactions into the reporting currency. Currency gains & losses are automatically calculated by the system.
- Dynamics SL supports multi-company environments. The system will automatically calculate the due-to - due-from entries and post to the appropriate entity
- The Cash manager account reconciliation process is very cumbersome.
- General Ledger transaction drill down should expand to all modules. Currently it is available to only AP and AR.
- Purchase order Receipt batch numbers must be consistent between General Ledger in Inventory. Assigning two different batch numbers to the same transaction is ridiculous. Microsoft took the easy way out of this issue creating a tracking nightmare for purchase receipts
- n/a, we are resellers
- Professional services company
Discovery - identify the current work flows and needs for improvements. Gap Analysis.
Test environment - This may be used for a proof of concept and key user testing/training. Data migration testing would be do at this time.
User training
Production install - This would include the data migration from the existing system
The implementation may be broken down into phases depending on the size of the client, the complexity of their existing system, the need to integrate with outside systems and the introduction of new customizations
- Gap Analysis
- User training and participation in the UAT
- User acceptance of the new software
Many times support will tell you that your issue is an identified bug and will be scheduled in the future to be fixed in a future release.
The knowledgebase has gotten worse in recent years and much more difficult to use. many times you can't find the error during the search