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Microsoft Dynamics 365 Business Central

Korcomptenz - Total Transformation Blog

Posted on June 05, 2018

Microsoft Dynamics 365 Business Central – NAV on The Cloud

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). As such, Business Central has at its foundation a set of trusted, proven technologies that have served 160,000 customers and millions of users worldwide.

As a single, end-to-end application, Business Central offers:

  • Business without silos. Integrate your business, making it more effective with automated tasks and workflows—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 PowerBI.
  • 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 Microsoft's Extensibility Model.

Most importantly, Business Central runs on exactly the same code base as a traditional on-premise NAV deployment. This ensures complete consistency between on-premise and cloud versions. Therefore, you can transition between NAV on-premise and Business Central with relative ease. 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 and inventory and operations management.

Organizations who have outgrown their entry level accounting solution typically have issues when connecting different areas of their business together. As the systems are brought together at different stages of business growth, they won't necessarily integrate well together. The usual outcome of this is that employees spend a lot of time on manual process and data management.

This is a classic example for growing companies and having witnessed this first hand, we've identified clear signs when an organization is starting to outgrow their existing financial application and is unable to handle that extra growth. These are issues like duplicate data, manual processes, limited report and data security to name a few. These areas become increasingly apparent as an organization grows and multiplies its workforce and continues working on a legacy ERP software.

Microsoft Dynamics 365 Business Central brings all of these disparate systems and processes together into a single solution which really serves to enable a company to reduce manual processes and focus on more high value tasks.

Microsoft Dynamics 365 Business Central 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.

For many businesses today, accessing their ERP software on mobile devices is becoming increasingly important. With Microsoft Dynamics 365 Business Central 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.

Business Central integrates with Microsoft Office and Microsoft Outlook. For those who regularly use Outlook and Office, they 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!

It greatly helps when an organization can make better, more informed decisions. Very often, their current solutions are disconnected and makes it is very difficult to get accurate reporting across the company leading to wrong business decisions.

Business Central 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.

Business Central and the Microsoft Stack enables 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

Companies need a solution that's easy to setup 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 provides in-product wizards to guide you through normally complex and laborious tasks such as data imports.

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.

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 meeting the needs of larger SMBs.

It 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.

The Dynamics 365 Business Central application can be licensed two ways:

Microsoft Dynamics 365 Business Central Essential, which includes:

  • Financial Management
  • Customer Relational 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

With over 15 years of experience providing technology transformation services to our clients Korcomptenz can help you identify your business process, map them to Business Central, Implement and support post GoLive. Our professionals will take care of all your business needs and beyond. For Further assistance request consultation

Nirmal Ephraim

ERP Functional Consultant

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