A very common question that many companies ask themselves or wish to find out is about ERP solutions. With so much available in today’s market, it could be quite overwhelming. Most want to know the difference between Microsoft Dynamics Finance and Operations and Business Central. While both come with some similar functionalities there are some notable differences one should be knowing about too.
This is the most advanced ERP solution one could come across and is a transition from Dynamics AX. While AX users will be enjoying a lot many advantages there are some more added ones that the advanced users would get to enjoy. It is packed with feature enhancement and there are some sophisticated but user-friendly tools one could use such as machine learning and also Artificial Intelligence.
If your company is looking for optimum functionality, flexibility and maximum power, then one would appreciate what this tool has to offer. You could start with the financial core management base. You could then choose extra functions as and when necessary. It is ideal for medium and large-scaled industries, for global companies who like a united front. It helps with manufacturing, distribution and also logistics.
You could increase employee productivity with PowerApps and Flow. This is simple with integration with Office 365. It could be very easily connected with other Microsoft Apps like Customer Service, CRM, Marketing platforms and others. With Microsoft Dynamics Finance and Operations, you would be able to enable employees to have real insights and information at their disposal helping with better analysis and delivery. It could easily adapt to a changing world in terms of operations related to market and automation capabilities.
What One Should Know About Microsoft Dynamics 365 Business Central?
This is a transition from the previous Dynamics NAV and it comes with all the main or core functionalities inside one integrated system. You could either choose between the Premium or the Essential one. From small to medium businesses, one could benefit greatly from this and you would not even require the advanced D365 Finance. Though Business Central comes with the same code base, it comes with new functionalities and also a user-friendly UX.
The Main Benefits Of Microsoft 365 Business Central
It comes with built-in intelligence which helps in predicting when any particular SKU requires to be restocked. It helps in delivering projects on time with timesheets and that too within the budget. For a business, having some kind of balance between the various department is vital especially finance.
It offers you easy financial management across accounts, launching, purchasing and sales. It also includes data from various customer interactions. It could help with prioritizing sales leads depending on the potential of the revenue.
Which One Will Be Correct For You?
If your company is a medium-sized one and has employees varying between 50 and 200, Business Central would be the right choice for you. Business Central comes with capabilities that help businesses to grow by unifying finance, supply chain, project and also operations.
While Microsoft Dynamics Finance and Operation offers a full-enterprise solution. It helps in unifying your business requirements and aspects under one central hub. Also, if you operate internationally, it operates in more than 30 countries and is perfect for big industry.
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Dynamics 365 Business Central has known to help revolutionize the way you do business. It has improved customer engagement and streamlining to a new extent that was not possible before. It further offers an end to end solution for operations, customer service, and managing finance. With this software, you can upgrade from basic accounting and ERP systems.
Microsoft Dynamics 365 Business Central essentially engages with other Microsoft cloud services like Office 365. Along with that, it also provides customization for different industry needs with Power Automate, Power Apps, and Power BI. Further mentioned in this article are a few ways it can help your business.
Financial Management: Dynamics 365 Business Central allows a user to centralise a business’s finance and provide real-time visibility of its performance. The information can be shared with enhanced security with others while providing more control over the cash flow and budgets.
Reporting analytics: with a more streamlined financial management, you can make quicker and more informed decisions guided by predictive analysis, connected processes, and real-time data.
Order Processing: Dynamics 365 Business Central is known to help monitor and control the sales-order and purchasing processes. It does that through dynamically updated inventory levels and automated workflows.
With such features, you can easily avoid fraudulent and unnecessary purchases, modify the posted invoice in the financial management system and register any correction without complications.
Sales and Marketing: since it builds a connection between sales and accounting, you can significantly shorten the time from quote to cash. The ability to figure out the issue with your sales and marketing teams and act on the sale inquiries directly from Outlook has not been seen before this software.
It also helps in easier handling of multiple ship-to and bill-to addresses, including invoicing addresses and direct shipment.
Warehouse Management: Dynamics 365 Business Central helps bring comprehensive organisational information, connect processes and workflows, automate manual tasks and enable fact-based inventory management. This further allows the manager to gain a clear understanding of profitability, business margins, and scopes of improvement.
Resource and Project Management: This software lets you perform project management and common resource asks and gathers data to help manage budget and monitor progress. You can also efficiently track machine and employee hours and real-time access data on each.
Service Management: When it comes to contracts, SLAs, warranties, or mobile service management, Dynamics 365 Business Central can be of great help. It not only improves your operational efficiency but also provides effective contract management and solutions to critical problems. This further helps ensure that your service team hit SLA, all in all, increasing customer loyalty.
Dynamics 365 Business Central is easy to deploy and configure, making it necessary in today’s businesses. Once it has been set up with the right help, the users should not have used it since the easy interface is easy and similar to other Microsoft Office apps that the software integrates with. However, if you have any maintenance or support issues, your chosen vendor can provide the necessary assistance.