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Microsoft Dynamics GP Accounting & Operations Configuration
The improvements increased Salvage Direct’s transaction turnover rate by 50%, adding capacity for increased sales and cash flow.
Company Background
Nestled in the cozy little town of Titusville, PA., fifty miles southeast of Erie Pennsylvania, Salvage Direct operates a thriving on-line specialty salvage vehicle auction service.
Salvage Direct uses the global Internet marketplace that provides insurance companies and financial institutions with more efficient method of marketing salvaged vehicles to licensed dealers and dismantlers.
The Salvage Direct website contains a variety of vehicles including cars, trucks, motorcycles, yachts, Recreational Vehicle’s and more. Their services include sales, title transfers, money collection and vehicle transportation.
These operations result in millions of on-line transactions annually, generating an abundance of information that must be shared across the enterprise. Realizing the need for a robust ERP solution, CIO, Jerry Millin turned to Microsoft Dynamics GP and Distributed Network Software. Situation
The previous accounting system was unable to keep pace with the volume of transactions coming from Salvage Direct auction site. Due to limitations in sharing this data, its staff had to manually enter each transaction for such items as buying fees, supplier fees, vendor fees, cash receipts and vendor payments.
DNS was brought on board to conduct a thorough business evaluation, make recommendations, and begin a new Microsoft Dynamics GP implementation.
Solution
With Microsoft Dynamics GP as their financial core, DNS streamlined Salvage Direct’s ERP system and tightly integrated it with the web-based system used by customers, vendors and operations staff.
Custom programming of an interface between the two applications was written to enhance the flow of information between users. Training to maximize the functionality of Microsoft Dynamics GP was provided.
Out-of-the-box integration of Microsoft Dynamics GP and Microsoft Office System greatly simplified the implementation, and a familiar Internet Explorer environment expedited the time to productivity. Benefits
The Enterprise Resource Planning solutions implemented by Distributed Network Software are expected to increase Salvage Direct’s ability to handle transactions by as much as 30%. In an environment where over a million transactions per year is common place, that is a significant contribution to the bottom line.
The elimination of double entry of data allows Salvage Direct to re-direct the accounting staff from data entry to call center operations, where growth trend indicate the need for a larger workforce.
The improvements increased Salvage Direct’s transaction turnover rate by 50%, adding capacity for increased sales and cash flow. The ability to utilize the familiar productivity applications such as Microsoft Excel, Word and Outlook with the powerful Enterprise Resource Planning capabilities of Microsoft Dynamics GP, has given Salvage Direct the capability to easily generate sales and cost of sales transactions to be exchanged with their on-line system. Salvage Direct is now able to generate an assortment of management metrics that are monitored daily.
“We were looking for a technology partner relationship that would last”
Jerry Millin
CIO, Salvage Direct
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