Monotype Imaging Increases Efficiencies and Improves Controls for SOX Compliance with Paragon Software

"We understood the need to operate at optimum efficiency by upgrading our financial processes, but we didn't have the time to get there. Paragon Software Solutions took us through the entire process from needs analysis to implementation, training and support"
- Robert Klages, Director of IT, Monotype Imaging, Inc.

Monotype Imaging is a global provider of text imaging solutions for manufacturers and developers of consumer electronics devices including laser printers, copiers, mobile phones, digital televisions, set-top boxes, digital cameras and software applications and operating systems. The company was using Microsoft® Dynamics GP (formerly Great Plains) Financial Accounting Software, Version 7, for their financial data and processes but were looking to improve customer service, increase internal efficiencies and productivity, and improve internal controls and access to information for Sarbanes-Oxley (SOX) compliance purposes.

The company knew that upgrading their Enterprise Resource Planning (ERP) system to the latest version of Dynamics GP would help them reach their goals. They also knew that Paragon Software Solutions was the company with the knowledge, responsiveness and experience to get them there quickly.

Paragon Takes Monotype Through Upgrade - Step by Step

Microsoft Dynamics GP gives organizations the integrated tools to master their financial data and processes, taking full advantage of the information the financial system contains. With instant access to accurate, up-to-the-minute financial information, users are equipped to make informed operational and strategic decisions at a moment's notice.

Most organizations understand the need to operate at optimum efficiency, but don't have the time to understand how to get to the necessary unified system.

"We understood the need to operate at optimum efficiency with our financial processes, but didn't have the time to get there," commented Robert Klages, director of information technology at Monotype Imaging. "Paragon Software Solutions took us through the entire process from needs analysis to implementation, training and support."

Paragon handles the whole system conversion process for their clients step by step. With Monotype Imaging, Paragon began with a needs analysis to ensure all their client's needs were being met. Then, they implemented the Dynamics GP upgrade, including set up and customization. Paragon handles any integration of third party software as well - which for Monotype was quite extensive. And finally, Paragon conducts the necessary end user training and ongoing consulting and support to ensure a smooth transition.

The Many Benefits for Monotype Imaging

As a public company, Monotype Imaging needs to ensure compliance with Sarbanes-Oxley (SOX). By using technology effectively, the company can reduce the cost, time and risk associated with compliance activities.

Further, by upgrading the system, Monotype Imaging was able to improve customer service by giving the sales department easier, faster access to information. Each sales person is able to store as well as retrieve information in real-time, accessing customer information more reliably and easily.

And now, the company has consolidated all accounting functions onto one system - delivering an increased internal efficiency like never before.

"We already had the main system in place, so though this was an upgrade type scenario, it was no small undertaking. Within a week of contracting with Paragon, they were working on our system and had us up and running in no time to get us to realize the many benefits in utilizing the latest in technology."

The company upgraded their current system environment to utilize Dynamics Version 9 with a Dell 2900 Series Server with 20+ add-ons and custom integrations into their web sales system - supporting 40+ users. The Dynamics software modules include general ledger, payable and receivables management, inventory control, cash management, budget, fixed assets and many others. Paragon seamlessly integrated their third party solutions as well including EthoTech Next Numeric Collection, Nodus Credit Card Advantage, Nolan Advanced Bank Rec, Nolan Advanced Credit Control and several others. Utilizing a variety of programs improves the efficiency of operations by adding functionality and mixing and matching programs from different vendors.

"The Paragon team is extremely knowledgeable about the various financial software available on the market. The implementations of all the software have worked on the first try - their experience is unmatched. We are continuously adding new modules to keep pace with company growth so we know there is no relearning every time we need to add something or make a change. Paragon is ready with us - every step of the way."

Monotype Imaging is based in Woburn, Mass., with regional offices in the U.K., Germany (Linotype), Mt. Prospect, Ill., Redwood City, Calif., Boulder, Colo., Japan and China. For more information, visit: www.monotypeimaging.com.