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Microsoft Dynamics 365 Business Central Implementation – NAV on The Cloud
#FocusOnTechnology
Neha Bhagat
Senior Director – Microsoft Dynamics (Practice Head)
June 5, 2018
Table of Content
- What is Microsoft Dynamics 365 Business Central?
- As a single, end-to-end application, Microsoft Dynamics 365 Business Central offers:
- Seamless Upgrade from NAV to a Unified Cloud ERP
- Legacy Systems Can’t Keep Up with Your Growth
- A Single, Secure Platform to Streamline Operations
- Business Central Goes Where Your Team Goes
- Seamless Office and Outlook Integration
- Disconnected Systems Lead to Missteps
- Dynamics 365 Business Central Features
- Advanced Reporting with Power BI
- Simplified Setup, Guided Every Step of the Way
- Scalable ERP for Your Budget and Growth
- The Dynamics 365 Business Central application can be licensed in two ways:
- Why Korcomptenz?
What is Microsoft Dynamics 365 Business Central?
Microsoft Dynamics 365 Business Central, previously called ‘Tenerife’ and is the new version of Microsoft Dynamics 365 for Finance and Operations: Business Edition and brings the full power of Microsoft Dynamics NAV to the cloud. Already available from April 2, 2018, it is Microsoft’s mid-market ERP solution provided on a pure SaaS basis (Software as a Service). It’s Microsoft’s all-in-one ERP solution that connects finance, sales, inventory, and customer service, streamlining operations and delivering real-time insights for better decision-making.
As a single, end-to-end application, Microsoft Dynamics 365 Business Central offers:
- Business without silos - Integrate your business, making it more effective with automated tasks and workflows by utilizing Microsoft Dynamics 365 Business Central—connecting with familiar Office tools like Word, Excel and Outlook.
- Actionable insights – Achieve greater outcomes and gain a complete view of your business with connected data, business analytics, and guidance delivered by Microsoft’s leading intelligent technologies like Power BI.
- Solutions built to evolve – Start quickly, grow at your own pace, and adapt in real-time with a flexible platform that makes it easy to extend Business Central based on your changing business needs to meet increased volume and complexity, with Dynamics 365 Business Central implementation, Microsoft’s Extensibility Model.
Seamless Upgrade from NAV to a Unified Cloud ERP
Most importantly, Microsoft Dynamics 365 Business Central runs on the same code base as a traditional on-premise NAV deployment. The Dynamics 365 implementation process ensures complete consistency between on-premise and cloud versions. Therefore, you can easily upgrade Dynamics NAV to Business Central, ensuring a seamless transition from your existing on-premise NAV setup. It is a comprehensive, all-in-one solution designed for organizations that are outgrowing their entry-level accounting solutions. It not only includes accounting and financial management capabilities but also sales and service, project management, supply chain, inventory, and operations management.
Legacy Systems Can’t Keep Up with Your Growth
Organizations that have outgrown their entry-level accounting solution typically have issues when connecting different areas of their business together. Collaborating with experienced Microsoft Dynamics solution providers becomes crucial as the systems are brought together at different stages of business growth. So, they won’t necessarily integrate well together. The usual outcome of this is that employees spend a lot of time on manual processes and data management.
This is a classic example of growing companies, and having witnessed this firsthand, we’ve identified clear signs when an organization is starting to outgrow its existing financial application and is unable to handle that extra growth. These are issues like duplicate data, manual processes, limited reports, and data security, to name a few. These areas become increasingly apparent as an organization grows and multiplies its workforce, and continues working on legacy ERP software.
A Single, Secure Platform to Streamline Operations
Microsoft Dynamics 365 Business Central, in partnership with Microsoft Dynamics 365 Business Central partners, brings all of these disparate systems and processes together into a single solution that really serves to enable a company to reduce manual processes and focus on more high-value tasks.
Microsoft Dynamics 365 Business Central Implementation also includes easy-to-create workflow functionality. Businesses can easily track cash flows, purchasing, credit authorizations, and vendor payments – all with an audited trail and enterprise-level security.
Business Central Goes Where Your Team Goes
For many businesses today, accessing their ERP software on mobile devices is becoming increasingly important. With Microsoft Dynamics 365 Business Central implementation, business users will have access to a fully mobile-enabled user interface across desktop, laptop, tablet, or phone – Windows, Apple, or Android. Everyone gets the same information irrespective of the device or platform.
Seamless Office and Outlook Integration
Business Central Implementation, in collaboration with Microsoft Dynamics 365 Business Central partners, seamlessly integrates with Microsoft Office and Microsoft Outlook. For those who regularly use Outlook and Office, never have to leave those applications to process a quote, a purchase order, or submit an invoice. Microsoft Word can be used to customize quotes, invoices, and other outgoing documents. For more complex tasks, Excel has a live data set view to update items, sales orders/purchase orders with immediate synchronization back into Business Central!
Disconnected Systems Lead to Missteps
Enhancing decision-making within an organization becomes significantly more achievable with the support of proficient Microsoft Dynamics solution providers. Often, the current solutions are disconnected and make it very difficult to get accurate reporting across the company, leading to wrong business decisions.
Dynamics 365 Business Central Features
Microsoft Dynamics 365 Business Central implementation includes all of the functionality required in one solution. It is much easier to get the information you want out of the system, spot trends, prevent issues from occurring, and deliver great customer experiences from day one.
Super Excel Integration
With Dynamics 365 Business Central capabilities, users can effortlessly export and reimport data from Excel, simplifying updates and reducing manual errors.
AI-Powered Predictive Analytics
Microsoft Dynamics 365 Business Central implementation unleashes AI-based insights for demand forecasting, inventory optimization, and anticipatory business decisions.
Better User Personalization
Users can customize dashboards, filters, and layouts to suit roles, enhancing productivity and user experience across departments.
Better Power BI Integration
Inbuilt Power BI dashboards offer real-time financials, sales, and operations analytics—right inside the Business Central user interface.
Streamlined Bank Reconciliation
Automated reconciliation software reconciles bank transactions in a timely and accurate manner, speeding up month-end close and enhancing cash visibility.
Bulk Document Attachments
Attach multiple supporting documents—such as invoices or contracts—to records, increasing traceability and audit readiness.
Mobile App Improvements
The upgraded mobile app provides offline functionality and enhanced usability, allowing teams to remain productive in the field.
Increased Integration with Microsoft Teams
Share ERP reports and records in Teams chats to enable real-time collaboration and quicker decision-making across functions.
Advanced Reporting with Power BI
Business Central Implementation and Microsoft Stack enable organizations to take reporting to the next level by leveraging the features of Power BI.
- Forecast Sales / Cash Flows / Inventory.
- View Real-Time Inventory Levels.
- View Payment Recommendations / Vendor Discounts & Avoid Overdue Penalties.
Simplified Setup, Guided Every Step of the Way
Companies need a solution that’s easy to set up and get up and running with. They don’t want to waste time learning new software or importing their data from one solution to another – or indeed managing the costs and burdens of hardware and software replacements.
Business Central Implementation provides in-product wizards to guide you through normally complex and laborious tasks such as data imports, serving as a practical Business Central implementation guide throughout the process.
In collaboration with knowledgeable Microsoft Dynamics solution providers, in-product tutorials provide a go-to resource on exactly how to use a particular feature. You can dip in and out of this resource as you need it, and because Business Central is delivered as a SaaS model, you don’t need to worry about hardware or upgrades.
Scalable ERP for Your Budget and Growth
Business Central is priced to be attractive to smaller organizations as they outgrow entry-level accounting solutions and look for their first ERP, as well as meet the needs of larger SMBs, making the overall Business Central license cost highly competitive and scalable.
Dynamics 365 implementation is aimed primarily at new users whose needs are well met by standard software. As the AppSource offerings mature and increase, more complex users will see Business Central as an option, especially in collaboration with Dynamics 365 Business Central partners.
The Dynamics 365 Business Central application can be licensed in two ways
This flexibility in Business Central license types allows organizations to choose the model that best aligns with their operational needs and budget.
Microsoft Dynamics 365 Business Central Essential, offered in partnership with Dynamics Business Central partners, encompasses:
- Financial Management
- Customer Relationship Management
- Supply Chain Management
- Human Resources
- Project Management
- Multiple languages, reason codes, extended text, Intrastat reporting, scheduled tasks, and integration with Outlook
Microsoft Dynamics 365 Business Central Premium includes all the functionality offered in Essential Plus:
- Service Order Management
- Manufacturing
Why Korcomptenz?
With over 20 years of experience providing technology transformation services to our clients, Korcomptenz can help you identify your business processes, map them to Microsoft Dynamics 365 Business Central, and implement and support post Go-Live. Our experts also guide you through the Microsoft Dynamics 365 Business Central licensing guide, ensuring you choose the right plan for your needs. For further assistance, request a consultation.
