What is Dynamics 365 Business Central?
Dynamics 365 Business Central (formerly known as Dynamics Navision) is an all-in-one business solution. With Dynamics 365 Business Central, users can upgrade from their entry-level accounting software or legacy ERP system to one single platform connecting different aspects of business including sales, finance, marketing, manufacturing, inventory management and so on. Available in multiple countries, the solution is a part of Microsoft’s Dynamics 365 range of business applications.
The solution is extremely flexible and customizable to support the business needs of all. Dynamics 365 Business Central brings entire NAV functionality to a SaaS environment, offering on-cloud, on-premises, and hybrid deployment options. Stakeholders can drive efficiency when business operates without silos, as there is inter-connectivity and knowledge/data transfer between departments with Dynamics 365 Business Central.
Core Functionalities of Dynamics 365 Business Central
Reinvent and revolutionize the way you do business with the core capabilities of Dynamics 365 Business Central. Delivering operational efficiency, Business Central affiliates smart work, faster adaptability and connects multiple dimensions of a business. The core functionalities of Business Central include:
Finance – Enables business owners to make informed financial decisions, get real-time information, and improve forecasting. Along with this they can also maintain security and compliances across organization globally. Dynamics 365 Business Central provides finance teams with a consistent and well-structured data.
Sales – Dynamics 365 makes managing critical customer data, sales order, sales invoices, pick list creation, drop shipments easy for users. The solution supports sales team with automation functionalities and expert assistance anywhere anytime. It also facilitates seamless connection between the Sales and Marketing teams.
Purchase – Ease the complexities of managing purchasing or procurement processes with Dynamics 365 Business Central. Vendor management, purchase invoices, electronic documents and many more functionalities are associated with Dynamics 365 Business Central’s purchase functionality.
Inventory Management – The key essential activities within inventory management include, tracking top selling items, reviewing aged inventory, item categorization, inventory transfer, item tracking, item reservation and so on. With Dynamics 365 Business Central, users can create Inventory Item Card for each item.
Warehouse Management – Manage and carry out the series of internal warehouse activities occurring between receiving and shipping of goods. The bar code scanning feature within Automated Data Capture Systems (ADCS) helps register movement of items in the warehouse.
Project Management – Dynamics 365 Business Central enables management of the processes included in the timely completion of any project undertaken by the organization. Be it project creation, resource allocation, project budget management or any other activity related to the successful completion of a project can be monitored, managed, and processed with the Project Management functionality.
Manufacturing – Microsoft Dynamics Business Central helps handle manufacturing tasks successfully by managing, customizing, and designing the various processes. Production planning, supply planning, item availability, subcontracting are the capabilities offered within Manufacturing.
Advantages of Using Dynamics 365 Business Central
Available Anywhere Anytime
Microsoft Dynamics 365 Business Central can be accessed anywhere anytime and on any device with the availability internet facilities. This makes it extremely convenient to monitor and manage organizational processes.
Business Connectivity Using a Single Solution
The ERP solution, Business Central ensures business continuity with a cloud solution connecting sales, finance, service, and operations. This enables teams to adapt faster and deliver results.
Dynamics 365 Business Central enables seamless integrations with Microsoft solutions or third-party applications for better functioning of various teams in the organization.
The user-friendly interface of Dynamics 365 Business Central allows stakeholders to manage their daily activities and enhances transparency in teams and processes.
Business Central users can use the solution in combination with other Microsoft products and third-party systems, without the need of too many customizations. This is because of the seamless integration features within Dynamics 365 Business Central.
Enhanced Power BI Embedded Experience
There is a seamless connection between Power BI and Dynamics 365 Business Central with the use of enhanced functionalities. The moment a user signs in, automatic deployment of Power BI reports takes place in Business Central. Users can customize and manage reports, including filtering, slicing and drilling through the data without even leaving Business Central.
What makes Business Central different?
As aforementioned, dynamics 365 central is specially designed to meet all sorts of business needs. The following methods enable Business Central to be true to its commitments:
- The solution has a low code developments options eliminating the need of a technology expert with years of experience.
- Users can access third party solutions, such as Continia and Jet Reports and remove them in a hassle-free manner.
- Users have the privilege to choose among modules including Warehousing, Manufacturing and so on, depending on their business requirement.
- Dynamics 365 Business Central enables seamless integration with the Microsoft Stack, like, Office 365 and Power Platform.
Dynamics NAV vs Dynamics 365 Business Central
Dynamics NAV was an on-premises solution designed for small and medium-sized business.
As aforementioned, Dynamics 365 Business Central is specially designed to meet all sorts of business needs. The following methods enable Business Central to be true to its commitments:
The key differentiating features of Dynamics NAV and Dynamics 365 Business Central include:
Easy Upgrades – It is extremely easy to manage upgrades and updates on Business Central as there are automatic updates in the backend on a bi-annual release cadence. However, the upgrades in Dynamics NAV take months due to the complexities involved.
Hosting Options – As aforementioned Dynamics NAV can be hosted on a private data center or the users’ own servers, but not pure cloud. On the other hand, Dynamics 365 Business Central is available as both, a cloud-based SaaS solution or a hosted solution.
Licensing Options – Business Central can be accessed with a monthly subscription or users can opt for their choice of plan.