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Midas Tunes Up Financial Management System With IDT Consulting and Microsoft Dynamics GP Software
ITASCA, Ill. --(Business Wire)-- IDT Consulting, a leading provider of business technologies that help companies harness the power of information, announces the completion of phase one of a new financial management system for Midas Inc. (NYSE:MDS), one of the world's largest providers of automotive services.
Midas, also headquartered here, worked with IDT Consulting to select, implement and integrate Microsoft Dynamics(TM) GP business management software to replace its AS 400-based enterprise resource planning system.
The financial software is a comprehensive and highly scalable business management solution that offers a cost-effective way to manage and integrate finances, e-commerce, supply chain, manufacturing, project accounting, field service, customer relationships and human resources.
In addition to general ledger, accounts payable, order processing and inventory management, Midas will rely on Microsoft Dynamics GP for secure online distribution of financial reports to field staff at its more than 1,700 franchise and company-owned locations in North America.
Midas' 40-member finance team is already seeing positive productivity results from the new system: greater speed, functionality, and tools that make financial reporting easier. "We expect the new Microsoft system to bring us efficiencies throughout the finance department, and in improving information flow with the field," says James Haeger, vice president and controller for Midas.
Specific benefits include more efficiency in report and billing distribution, among both management and to the field. Longer-term, Midas expects to see a positive impact on collections and on the General Ledger close process, and overall productivity boosts from increased automation.
Bennett Cikoch, vice president of IT at Midas, credits IDT Consulting for putting the pieces together -- an understanding of its business issues, a good product, strong accounting and product knowledge -- to make the transition to the new financial management system seamless.
"It was important to us to work with a firm that brought more than just product knowledge, because we deal with multiple currencies, and our finances have a high level of complexity," he says. "IDT is especially capable on the accounting side -- there isn't a question or scenario they can't answer."
For more information about financial management solutions from IDT Consulting, visit www.idtconsulting.com or call (630) 875-1100.
IDT Consulting, a Gold-Certified Microsoft Partner, was founded with the sole focus of helping companies harness the power of information through Business Management solutions. For companies who recognize the value of integrating and streamlining their back- and front-office systems, IDT Consulting's parent organization, Integrated Document Technologies, offers solutions to reduce paper, automate business processes and enable regulatory compliance. Working together, they have become leading providers of a variety of business technologies.
Whether planning a new ERP/Financial or CRM Solution, adding content management capabilities, or exploring the combined power of multiple technologies, IDT Consulting's resources and expertise can help companies make sense of everyday business transactions. IDT Consulting is a single-source knowledge base for system design, integration, customization, implementation and long-term support.
About Microsoft
Founded in 1975, Microsoft (Nasdaq "MSFT") is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
Editor's Note:
For more information, please contact:
Susan Duensing, CBC, telephone: (847) 639-8300 or e mail: susan@rurelevant.com.
Microsoft, Microsoft Dynamics, Windows Server, BizTalk and SharePoint are either registered trademarks or trademarks of Microsoft Corp. in the United States and/or other countries.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
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