Rebates and Royalties in Dynamics AX

Rebates and royalties are common business issues for many distribution companies.  A rebate is the return of a portion of a purchase price by a seller to a buyer, usually on purchase of a specified quantity, or value, of goods within a specified period.  Unlike a discount (which is deducted in advance of payment), rebates are given after the payment of the full invoice amount.  While Royalty is compensation, consideration, or fee paid for a license or privilege to use intellectual property, or a natural resource, computed usually as a percentage of revenue or profit realized from the use.

Standard Dynamics AX does not handle rebates and royalties very well.  Some companies use custom reporting to gather the information, but it there are limitations.  In addition, if rebates or royalties change, the users must change the reports.  With Dynamic CPG for Dynamics AX, companies can track both rebates and royalties directly inside of Dynamics AX.

Rebates and royalties can be tracked by customer/vendor/item groups, or by specific customer/vendor/item. 

There are also multiple calculation methods.  The methods include Stepped, Cumulative, Rolling and Total.  This gives a distributor the flexibility they need to properly calculate their rebates and royalties.



These calculations are tracked directly inside of Dynamics AX, and users can inquire on them as needed. 

Finally, the rebates and royalties can post to the appropriate customer or vendor for complete tracking of the transaction.

For additional information on Dynamic CPG for Dynamics AX, please contact Collins Computing at sales@collinscomputing.com.

Dynamics AX Fill Utility - AX 2012

A great tool for updating data in Dynamics AX is the Fill Utility.  It allows users to update a field based upon a select or query within Dynamics AX.  However, it does not work with every field in the system, and it will not work at all unless it is activated.

With changes the menu structure and area pages, the option to turn on the fill utility has moved in Dynamics AX 2012.  In order to activate the fill utility, select System Administration - Setup - Licensing - License Configuration.  In the License configuration form, expand the Administration node and check the box next to Fill utility.  Then select Apply and the system will synchronize the appropriate tables.

Once the fill utility is activated, users with proper security roles will be able to perform mass updates in the system.

Is it starting to get cloudy?

As we begin to approach winter, it is common to hear the weatherman say it will be cloudy.  That may bring thoughts of cold and gloomy days.  We always prefer the weatherman to tell us it will be sunny.  However, the mention of the cloud relating to computer systems should not bring about thoughts of cold and gloomy days.

Being involved in presales, I meet with many companies that are looking for ways to improve their company and recover from the cold and gloomy days of the economy.  Many of these companies have limited cash and resources, so the idea of implementing and deploying an on-premise ERP system is not something they can tackle.  This is where a "cloudy" environment might help.

By implementing an ERP system in the cloud, companies can minimize their initial investment, which may lead to a shorter payback period and higher ROI.

Cloud ERP systems allow companies to:

·         Minimize the initial investment by avoiding upfront hardware and software purchases.

·         Get up and running quickly by using faster deployment options.

·         Manage company cash flow by providing low, predictable costs that scale with actual use of the solution.

·         Scale the solution as needed, since many cloud providers will adjust user counts and modules as needs change.

·         Free up internal IT staff for tasks that provide more value to the company.

·         Offer remote access, so employees can work from wherever they have internet access.

In addition, many cloud providers offer companies the opportunity to try the solution before they purchase.  This also lets users understand the solution and see it work with their data before the commit.

While Microsoft does not currently offer Dynamics ERP solutions directly in the cloud, many partners have a solution.  At Collins, we offer Dynamics GP, Dynamics AX and Dynamics CRM in the cloud, and we offer a 30-day trial option.  To learn more, check out http://collinscomputing.com/cloud-solutions_online.html.