If you are a small to mid-size organization or business, there is a good chance that you are using Microsoft’s Dynamics GP as your primary financial management system. Dynamics GP is a long-standing enterprise resource planning (ERP) system that assists organizations in managing their core business processes, such as day-to-day accounting and operation streamlining. However, Microsoft announced that Dynamics GP would be reaching its “end-of-life” by 2028.

So, what does this mean for the Dynamics GP system and your organization, and how should you prepare for the next stages of sunsetting?

What is the Status of Microsoft’s Lifecycle Policy?

Since October 2019, Dynamics GP ran with a Modern Lifecycle Policy. With this, customers using Dynamics GP would receive continuous support for the program, including regular bug fixes and updates following new tax regulation. With Microsoft’s announcement to close Dynamic GP, this support would reach its total end-of-life on January 11, 2028.

This means that, if you are already a Dynamics GP (2018) user, you will have access to the updates until January 11, 2028. If you are using an earlier version of the program, your support would end as follows:

  • Dynamics GP 2015 – April 8, 2025 (extended support)
  • Dynamics GP 2016 – July 14, 2026 (extended support)

Additionally, since Dynamics GP and its updates will be concluding in 2028, sales of the program will completely end in April 2026.

What are the Next Steps for Dynamics GP Users?

If you are using any version of Dynamics GP, now is a great time to reassess your needs in an ERP system. Microsoft will be replacing Dynamics GP with its alternative Dynamics 365 Business Central. Business Central will be a cloud-based system, which will allow greater flexibility and mobility than Dynamics GP. However, there are a plethora of other systems that may better benefit your organization. While 2028 may seem far away, it will be important to factor in time leading up to that date for requirements gathering, budget approval, staffing support, identifying potential solutions and implementing a new ERP.

When looking into a new ERP system, there are some key considerations to keep in mind:

  • What are you most looking to accomplish with your ERP?
  • What challenges are you facing with your current ERP?
  • Who in your organization relies on your ERP or the reporting from it?
  • What other systems need to integrate or share data with your ERP?
  • How will you best streamline and automate business processes with an ERP?

How Clark Nuber Can Help

Choosing a new ERP may feel like a daunting task, but Clark Nuber is here to help. Our technology specialists are financial experts first, which means we have an in-depth understanding of organizational financial reporting, compliance, business needs, and stakeholder expectations. Our Software Solutions Services Group has decades of experience supporting our clients and assisting them with identifying software requirements, evaluating solutions, and implementing new software to meet or exceed their needs.

Our team of professionals is happy to help you navigate the end-of-life of your Dynamics GP license and identify a new solution to best support your ERP needs moving forward. If you have questions about the status of Dynamics GP or are ready to talk about next steps, send us an email.

© Clark Nuber PS, 2024. All Rights Reserved.

This article contains general information only and should not be construed as accounting, business, financial, investment, legal, tax, or other professional advice or services. Before making any decision or taking any action, you should engage a qualified professional advisor.