In this guide, you will get information about Business Central ERP and how it can transform the operations of a business with its multiple features and benefits.
Small to medium-sized businesses are struggling to keep their existence alive as they are getting a lot of competition from large businesses. One of the best ways for them is to implement a cloud-based business management solution like D365 Business Central ERP.
Business Central is a cloud-based ERP solution, helps businesses to stand out with new-age functionalities of modern-age ERP. It allows users to connect their finances, sales, customer service, and operations.
Named as the best ERP system in 2024—this ERP solution is based on the cloud. It helps businesses to work smarter, adapt faster, and perform better in this digital age. Let’s know more about it starting from its basic definition.
What is D365 Business Central ERP?
D365 Business Central ERP is a comprehensive business management solution, helping businesses stand out in this competitive age. It is enables business growth by unifying business data from various locations.
Unlike its predecessor, Dynamics NAV, Business Central is based purely on the cloud. It enables its customers to leverage its true power from unlimited scalability to flexibility.
Here’s an example for you to better understand Business Central ERP.
A mid-cap software company is using an on-premises ERP but faces many difficulties due to its limitations. After losing a lion’s share, the company assessed its internal operations and provided a green flag to replace outdated ERP with Business Central.
Once they implemented it, they realized its benefits, especially in accounting and daily operations. Their profit margins skyrocketed, and they got 3.5X of the actual amount they had invested in.
What are the Crucial Features of D365 Business Central ERP?
Dynamics 365 BC is a state-of-the-art ERP solution designed to meet tomorrow’s demands so businesses can stay ahead of their competitors. It has some of the best features that make it unique, especially for SMBs.
Financial Management
Management of finance is the lifeblood of any business, and it is not possible for any business to overlook it. Business Central ERP provides various accounting tools like GL, AR, and AP. Using this business management solution, an SMB can ensure its growth in financial management.
Supply Chain Management
Having a robust supply chain solution is vital for eCommerce, wholesale, and retail businesses. It enables the employees of a business to track stock levels to avoid stockouts or overstocking. Also, it supports managing procurement processes (including delivery tracking).
Customer Service Management (CRM)
Business Central can integrate any third-party CRM software, and this Business Central integration is useful for syncing data in both ERP and CRM software. Moreover, it facilitates customer management and automates follow-up. This also increases the ability of the sales team to grab and nurture leads.
Project Management
Managing projects becomes easier with D365 Business Central ERP which provides timesheets and advanced job costing and reporting. It helps a business get real-time insights on project status, budget, allocation & utilization of resources. In addition, it allows profitability estimation through project tracking.
Moreover, it has some other notable features like integration with other apps, impeccable UI, Built-in copilot support, etc.
Why Upgrade Dynamics NAV to Business Central ERP?
At present, multiple businesses are using the Dynamics NAV ERP solution. However, Microsoft terminated its mainstream support at the beginning of 2023. Therefore, NAV to Business Central upgrade is the need of the hour. A few of the major reasons why a business should upgrade its NAV ERP to cloud-based Business Central are given below.
- Due to the termination of mainstream support by Microsoft, NAV systems are vulnerable to security issues.
- This can raise penalization issues by regulatory bodies due to non-compliance with the policy.
- The workforce capability becomes limited due to NAV systems are available on-premises (no ability to access anywhere, anytime).
- User Interface (UI) has become a problem for a business, especially due to the older version of ERP they use.
- Seamless integration with third-party apps is not possible due to the limited functionality of the NAV ERP system.
- The system is unable to meet the demands of tomorrow (or even today) as it lacks the important features of scalability and adaptability.
Why Don’t Legacy System Users Want to Upgrade Dynamics NAV to Business Central?
Nowadays, NAV users are in a dilemma of going to modern, cloud-based Business Central ERP or not. Their workforce doesn’t want to switch to BC ERP and leave NAV and provide resistance to change. In addition, the business owner or decision-makers fear losing important data during the data migration process. In the end, the cost of upgrading from Dynamics NAV to Business Central ERP is something in which most of the NAV users don’t want to invest.
What are the Benefits of D365 Business Central ERP?
Irrespective of the challenges, once a business migrates to BC ERP or implements it correctly. It provides businesses with the capability to stand apart in this digital age. The following are the benefits of Dynamics 365 Business Central ERP for SMBs:
- Unlike other ERP-based on-premises, D365 BC is available on the cloud. It eliminates the requirement for businesses to maintain a huge budget for overhauling IT infrastructure.
- Unmatchable productivity as the workforce can automate its ability to perform tasks without spending significant time. Business Central ERP is known for reducing the manual workload.
- Business owners don’t need to fear the security of data and its loss as BC ERP is sufficient to avoid cybersecurity threats. It protects databases from unauthorized access through encryption and role-based access.
- Business Central ERP is available worldwide and is well-known for supporting over 47 languages and 160+ countries. They can do it through the feature supporting multi-currency.
- Connect with current business systems like HRMS and Payroll solutions, supply chain software, and vendor management systems to enhance productivity and revenue generation capability.
Conclusion
Any small to mid-sized business that wants to elevate operations should implement D365 Business Central ERP. They can choose Navision India—a trusted Dynamics 365 solution provider for it. It provides various benefits to businesses to redefine their operations and streamline, improve financial management, and multiply their productivity with:
- 100+ Dynamics consultants with experience in serving multiple industries for small to mid-size businesses through BC ERP.
- Deliver D365 Business Central implementation projects faster than customer expectations without compromising quality.
- Configure the Business Central ERP system and test its functionality to ensure uninterrupted business operations.
- A well-informed management with excellence in providing clear communication to the customer about the project.
- Our BC Customization service, after implementation, ensures that the implementation aligns with business goals.
Contact our Dynamics consultants to discover more about our Dynamics 365 Business Central ERP at info@navisionindia.in.