Running a business is a juggling act.
No matter your company's size, you need full oversight of your sales, purchasing, stock management, and accounting data.
It isn't an easy task.
However, with software like Microsoft Dynamics Business Central, you gain access to a platform that empowers you to manage every aspect of your back-end operations from a single place.
It equips you with immediate insight into crucial data about your business's performance and allows you to spot any potential room for improvement.
So if that sounds like what you're looking for, keep reading to discover what Microsoft Dynamics Business Central is and how it can help you improve your business.
Dynamics 365 Business Central is an enterprise resource management (ERP) software. It helps companies manage their back-end operations and keep them running on a day-to-day basis.
Previously known as Microsoft Dynamics Navision, Microsoft Dynamics Business Central is the next iteration of Microsoft NAV Dynamics. While older users can still use Microsoft NAV Dynamics, new users can only buy Microsoft Dynamics Business Central.
The software is a cloud based ERP system designed and developed with small-to-medium businesses in mind.
But how does this software actually help companies?
It assists businesses with several functions, including:
Companies can also easily configure the software to match the needs of their specific industry or add any functionality they require.
Microsoft prides itself on how quickly Microsoft Dynamics Business Central users master the software, as a desire for simplicity guides every part of the software's development process.
Let's explore the nine core capabilities of Microsoft Dynamics 365 Business Central:
Microsoft Dynamics Business Central provides companies with insight into their financial situation and their business performance.
This aspect of Microsoft Dynamics 365 Business Central offers:
Microsoft Dynamics 365 Business Central offers out-of-the-box reporting and data analysis for small-to-medium-sized businesses. Companies use these tools to keep track of their overall performance.
You can:
A feature called 'Account Schedules' also allows accountants and controllers to include business data from accounts, budgets, and cash flow accounts.
Sales management includes every part of the sales process. The aim is to provide sales reps with the tools they need to deliver the best sales experience to their customers.
Supply chain management helps companies deliver their products on time and stay on top of any developments and disruptions in the supply chain.
Supply chain management falls into three categories:
Microsoft Navision Dynamics helps with all three.
Business Central enables companies to ensure that their projects are properly executed and profitable by offering insight into:
But Microsoft Dynamics 365 Business Central can go further than that. Users can also focus on:
Service management is an important aspect of Microsoft Dynamics 365 Business Central that improves the customer's service experience and streamlines service processes.
Users can rely on:
This Microsoft Dynamics 365 Business Central capability focuses on improving warehousing processes with the end goal of cutting costs and increasing on-time shipments and deliveries.
Warehouse management includes:
When it comes to manufacturing processes, MS Dynamics Business Central aims to increase output and lower costs.
By improving the logistics behind the manufacturing process, the software also helps to deliver on customer expectations and improve the quality of the products being produced.
Type |
Features |
Assembly management |
|
Product bill of materials |
|
In recent years, the number of regulations to protect both organizations and consumers has increased exponentially worldwide.
Companies must comply with these laws to maintain their reputation and stay profitable, especially in an environment where large businesses are losing 1.5% of their profits to either fraud or non-compliance.
Microsoft Dynamics 365 Business Central helps companies uphold data privacy and manage compliance standards. Businesses can also get support for up to twenty-five languages, localizations, and no-code user interface changes.
Microsoft Dynamics Business Central is the perfect solution for companies, whether they employ in-house accountants or have outsourced this business function.
Both internal and external accountants can use the Accountant Roles Center in Microsoft Dynamics 365 Business Central. Internal accountants have immediate access. However, you'll need to invite outside accountants by using their email addresses.
The Roles Center is a real-time dashboard with activity tiles that give users insight into a company's live financial data.
MS Dynamics 365 Business Central also offers an Accountant Portal for accountants with multiple clients using the software. From there, the accountants can easily access each client.
Accountants must click on individual clients to get all the necessary information.
The Company Name column lists all the companies the accountant works with, and the second column shows the clients' names. The other columns are completely customizable – accountants can add and remove them, displaying the most important information.
For example, accountants may choose to view the Cash Accounts Balance and the Overdue Purchase Invoice Amount.
Or they can choose to view the taxes due, how many open sales documents each client has, and the number of purchase invoices due next week.
Also, accountants with many clients can use filters to sort their views, searching for each company based on specific parameters.
Accountants can also access information such as:
Dynamics 365 Business Central has 3 plans:
Contact Amaxra for specific licensing and pricing options.
Now let's take a look at the features each version offers its users:
The Essentials package offers users all the features available in the "Team Members" package in addition to the following features:
The Premium package includes all the features and models available in the previous plan. Additionally, it gives companies access to two more features available via Dynamics 365 Business Central:
This is an add-on option to a base package. The Team Members plan can't be purchased without having either Essentials or Premium already in their environment. Features include:
To implement Dynamics 365 Business Central within your company's operations, you have to follow a specific setup process to ensure you:
It requires Dynamics 365 implementation experts, and the average implementation process usually takes around 3-4 months.
Here's a general overview of what the process looks like:
Microsoft is famed for two things: delivering amazing products to the public and creating one of the most complicated license labyrinths you could think of.
That's why so many companies say that they've discovered that two departments were paying for the same software. Often companies also discover that they spent a lot of money to acquire software features they did not use.
It's a serious problem. And it's also a common one. That's how Amaxra's Microsoft Licensing Optimization services came into existence.
Amaxra (that's us) analyzes the needs of its clients and ensures they only pay for the features they need, helping them:
Yes. Microsoft Dynamics 365 Business Central comes with built-in customer relationship management (CRM) capabilities available in the Essentials and Premium packages.
Users gain access to features such as:
MS Dynamics Business Central's CRM capabilities also give users access to a dashboard that tracks customer communications, the sales pipeline, and much more.
Microsoft 365 Business Central is used to help manage a company's back-end operations from a single platform. Microsoft Dynamics 365 Business Central is an enterprise resource planning software that assists companies with finance, manufacturing, customer relationship management, supply chains, analytics, and more. Microsoft designed it for small-to-medium-sized businesses.
MS Dynamics Business Central is an enterprise resource planning software (ERP).
But what does that mean exactly?
The enterprise resource planning software encompasses all the activities related to a company's resources to help manage its day-to-day activities. That means ERP software must include accounting, project management, risk management, compliance, warehouse management, supply chain management, and more. ERPs must tie together all these processes and allow for data to flow between them.
The realities of running a modern business demand that companies find a software solution that helps them integrate and manage every aspect of their business process from a single platform.
Microsoft Dynamics 365 Business Central is the tool companies need.
With this software solution, companies gain insight into every aspect of their business process, access information that helps them improve their company's logistics, and discover opportunities to improve profitability.
These are benefits no company can afford to ignore.
So don't waste any time, and get in touch with our team to learn more about Microsoft Dynamics 365 Business Central and how it can help take your company to the next level.
[blog-cta-1]