Accounting, like many other businesses, is much more than pen and paper office work. These days computers take a large role in various facilities and departments.
When it comes to accounting itself, this can be shown in a variety of ways. Whether it’s the computer services your company uses, or the services and software you provide to others.
As such, it’s becoming more and more important to demonstrate the suitability of your software products, as well as looking out for the same suitability yourself.
Whilst you most like already know of software escrow, from the likes of Escrow Associates, you might not also know they are a preferred partner when using a Certificate for Microsoft Dynamics, or CfMD.
Most people and businesses are familiar, or have at least heard of, Microsoft Dynamics. It’s used as Enterprise Resource Planning, or ERP, software. It has various customisable applications allowing it to be used in a wide variety of businesses.
It should be of no surprise then that it can be used for various financial and accounting uses. It’s a well known platform, with a highly reputable developer behind it. As such, whilst it does allow for third party solutions, you need to meet a certain standard to use it. This is where a CFMB comes in, showing you’ve met the various requirements. In short, it’s a qualification that speaks highly about the quality of your product.
Part of this process involves putting the source code into escrow. This shouldn’t be a surprise, given that you’re offering your product to other companies and people. As long as CfMD and its respective logo are in use, partners are required to put the source code in a secure escrow. Escrow Associates, in this regard, are a preferred partner for such specialised source code escrow.
This still works like any other escrow; you’re not putting up precious source code for the world to see. As long as you fulfil your commitments to providing a working, suitable product, the source code is safe. In most cases, using escrow demonstrates a level of commitment and professionalism that helps any business while the addition of a CfMB gives another layer of quality to your product.
One can easily make this argument for accounting, given the often sensitive nature of it. Whether using a service, or looking to offer one, such a certificate speaks volumes and encourages potential customers to put such data into the application providers’ hands.