Dynamics NAV 2019 or Business Central - What to call it?

An ERP solution may exist as the most powerful tool to empower businesses. These systems unify people, processes, and resources within a single environment, additional importantly, one that provides a single source of truth.

Microsoft ERP solutions have gone big way and has come up with new trends that help companies to improvise there internal solutions. 2019 ERP trends and digital transformation strategies can take many shapes in creating the organizational structures.

Here are just some of the 2019 ERP trends we expect to see take shape over the next year:

Cloud Deployment of ERP on the Rise-

For many small and medium sized businesses, the move to the cloud is done for obvious business reasons – the first one being lower up-front costs. 

But another significant benefit is speed to implementation.

1.           Anywhere, anytime access to information by staff, customers and partners, since all applications are designed to run on mobile devices.
2.           No staff time required to maintain or upgrade hardware as the company grows.
3.           Most current functionality is always available since the cloud vendor maintains and updates the software.
4.           Data is safely backed up with a disaster recovery plan.

v Accountability for Integrators-

 As ERP system become more affordable and prevalent in small & medium business environments, we fully expect more failed implementations to result as more businesses adopting the technology without proper preparation. Bringing in external help can be costly.

   v No more “OLD WAY” of doing things-

As with all the processes, integration needs to be approached with attention and considerable amount of planning. Continuing to operate with the same processes that   are decades old just doesn’t make sense.

Business will have to adopt change not just at the technology level, but at structural and operational levels, as well.

Dynamics 365 BC Features:

New User Interface:

Dynamics 365 Business Central brings the full power of Microsoft Dynamics NAV to the cloud, including existing functionality of Dynamics 365 for finance and operations.

Along with the new capabilities, the application will include an all-new user experience that is easy to get started with. Dynamics 365 Business Central enables users to work smarter and be more productive than ever before.

·       Financial Management:

Financial Management features in Microsoft Dynamics 365 for Finance and Operations are registered below:

  Account payable- You can enter vendor invoices manually or receive them electronically through a data entity. After the invoices are entered or received you can review and approve the invoices by using an invoice approval journal or the vendor invoice page.

  Account Receivable- You can create customer invoices that are based on sales order or packing slips. You can also enter free text invoices that are not related to sales order. You can receive payments by using several different payment types.

·       Human Resources:

 Employees- Group and track employee information and organize employee data according to different types of information, such as experience, skills, training and education.

 Expense Management- Post expenses against employee cards to track and reimburse their expenses.

·       Customer Relationship Management:

CRM stands for Customer Relationship Management. CRM provides an overview of your customer relationships. It can be done by CRM functions in the system which is collecting, processing, sharing and using the information’s about your customers.

CRM is used to maintain and develop your loyal customers, rather than spending resources on acquiring new ones. This will often be an economic advantage because the cost of obtaining a new customer often exceeds the price of satisfying an existing one.

A CRM system can give you the following benefits:

·       Secure & Automate Supply Chain Management:

Microsoft Dynamics NAV Supply Chain Management software handles the flow of goods and services. It gives the control needed over your supply chain by providing a customizable and detailed view of supply chain activities such as inventory levels, trends reports, forecasts and transportation plans.

Microsoft Dynamics NAV offers following SCM features:

·       Project Management:

Microsoft Dynamics NAV ERP system delivers a complete software solution designed to assist in profitability managing every steps from resources and budgets to jobs and invoicing.

Project Management Functionality in Microsoft Dynamics NAV includes:

 Resources- Keep track of resources and prices. Register and sell resources, combine related resources into one resource group or track individual resources.

Jobs- Tracks usages of jobs and data for customer invoicing by managing both fixed-price jobs and time-and-materials jobs.

Multiple Costs- Manage alternative costs for resources and resources groups. The costs can be fixed or based on an additional percentage or an additional fixed charge.

 Purchase Order Management- Manages purchase processes, purchase quotes and blanket orders.

To modernize your divisions and increase efficiency & productivity of your branches get Microsoft Dynamics NAV today.

SAN Dynamics Technova Pvt. Ltd. is an authorized partner of Microsoft & provides services to its customers through varied platforms across the Globe.

With Global presence and offices in USA, Australia and India, SAN Dynamics help customers reach their ERP requirements using Microsoft Technologies. We have implemented more than 100 projects across various domain like manufacturing, retail, logistics, service etc. with the team of the finest developers available in the market.

We help companies to buy new Licenses, Upgrade their existing Dynamics products and also help companies in collaborating the software with their existing processes. For all your software needs please contact us today at:

Email - info@sandynamics.com

Website - www.sandynamics.com

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