Most small to medium size businesses that do not have an ERP or integrated system utilize a financial software to keep record of financials, another software that keeps up with human resource functionality, or perhaps this is outsourced, another software for sales, such as CRM, and maybe another software for production or inventory management.  The alternative is always, keeping it in excel spreadsheets and spend hours and hours analyzing data and doing calculations to the point that you are now an excel expert.  However, by this time, the next month has approached and you start all over again. This is the reason for investing in an ERP system, so you can spend more time analyzing and less time calculating in excel.

Almost every mid- sized to large business needs an ERP system that integrates financials with purchasing, sales, inventory management to the minimum, and perhaps production. Few years ago, only big corporations could afford an ERP system and only the people working on these Corporations knew what the meaning of ERP meant.  Just as only big corporation could afford to have computers few decades ago, and now almost everyone owns a personal computer, it is important for everyone who owns a personal computer to know what an ERP is, and most of all, what it can do for your business!  By the way, an ERP system is an Enterprise Resource Program.

In Dynamics AX trade agreements are helpful to  keep records of exempt pricing and the reason for the exemption.  Usually is used for export customers because their competitive market is different and companies conduct market analysis in order to compete in those markets. Trade agreements can be set up for 1.  specific customers or vendor 2. Specific product 3. Group of customer or vendors 4. Group of items 5. All customers and all items or just all customers or all items separately