Dynamics 365 Business Central – All You Need To Know Why Organizations Should Have It

To keep business thriving, it is mandatory to adopt new technologies. To achieve consistent growth and success, you need to keep aside the legacy ERP and CRM systems that create data silos. There are several other issues associated with disparate systems such as burden of managing multiple data sources, multiple unsynchronized windows for each of the separate operations, higher chances of data redundancy, higher system maintenance cost, etc. To overcome such challenges, Microsoft has introduced Dynamics 365 Business Central, an all-in-one, cloud-based business management suite, that connects different aspects of your business to eliminate data silos while helping in boosting the operational efficiency with automated tasks and workflows. With Microsoft Dynamics 365 Business Central, organizations can achieve more by gaining comprehensive view of business through connected data, business analytics and guidance delivered by Microsoft’s leading intelligent technologies.

Microsoft Dynamics 365 Business Central has brought full NAV functionality to a SaaS environment in which you don’t have to worry about data storage, upgrading hardware and keeping your information secure. Furthermore, Dynamics 365 Business Central also offers flexible deployment options including cloud, on-premises and hybrid deployment to cater to your unique business needs. With D365 Business Central, organizations can efficiently upgrade from their entry-level accounting software or legacy ERP system to one single, comprehensive solution to manage finances, operations, sales and customer service. With focus on connecting familiar Microsoft applications such as Office 365, Microsoft Dynamics 365 Business Central enables organizations to share and view information in real-time while remaining compliant.

As an ideal application for SMBs, Dynamics 365 Business Central streamlines your data, enabling you to make more informed decisions by delivering a highly intelligent automation process with smart analytical results. Furthermore, Dynamics 365 Business Central bridges the gap between packages like Sage50, Xero, Quickbooks and Microsoft Dynamics NAV, delivering all new user experience and well-enhanced capabilities. As end-to-end solution, D365 Business Central connects all your core business applications, providing both ERP & CRM capabilities, enabling you to meet specific industry needs using PowerApps, Microsoft Flow and Power BI.

Deployment Options

Dynamics 365 Business Central offers flexible deployment options which are listed below:-

On-Premise – D365 Business Central can be deployed on your server, in a data center (private cloud) or on Azure (managed and maintained by Microsoft). For this, you can buy a perpetual license (a one-time cost) and deploy it on a physical server or you can subscribe to it and pay a monthly fee per user. Subscription is deployed in a data center or on Azure.

SaaS – This cloud-based deployment option is available with a monthly fee per user. The back end Infrastructure is managed by Microsoft and the software is accessed through a browser. This licensing model is perfect for small organizations with tight IT budget as it doesn’t require huge upfront cost involved with infrastructure, servers, computers, IT maintenance, etc.

Licensing Model

Full User License – With this license, users get access to the functionality-rich business applications. Full User License is perfect for employees who work with sales, customer service, finance, or supply chain management.

Team Members – This license is perfect for users that require consuming data or reports from the business system, complete less demanding tasks such as time or expense imports and HR updates. These users require less privilege while performing operation.

Editions

Microsoft Dynamics 365 Business Central is available in following editions (I) Essential (II) Premium

Core capabilities of Dynamics 365 Business Central

Financial Management – D365 Business Central connects data across accounting, sales, purchasing, inventory, and customer transactions, enabling you to have real-time visibility of financial performance to make more informed decisions. Built-in Power BI dashboards enable you to identify patterns and trends while performing in-depth analysis. Advance reporting capabilities alongside with quick, accurate, and streamlined accounts receivable and payable enable organizations to maintain compliance while also helping users to keep track of fixed assets and related transactions like acquisitions, depreciations, write-downs, appreciations, and disposals. Business Central consolidates financial data from multiple companies to deliver a centralized view of all arms for financial analysis. You can efficiently manage multiple bank accounts alongside multitude of currencies with D365 Business Central.

Customer Relationship Management – Built-in intelligence in Dynamics 365 Business Central delivers guidance on best up-sell, cross-sell, and renewal opportunities throughout your sales cycle while enabling you to keep track of all customer interactions. With core relationship management features, Dynamics 365 Business Central enables organizations to record and manage contact information for all their business relationships alongside syncing information such as inventory levels and sales orders with their customer-facing operations. These capabilities help in running target marketing campaigns along with accelerating the sales process from quote to cash. D365 BC enables you to manage service requests, and process payments—all from within Outlook.

Supply Chain Management – With Business Central, organizations can efficiently keep track of their supply chain cycle, from managing orders and overseeing inventory, to getting products where they need to go. Dynamics 365 Business Central provides a holistic view of inventory located in a plant, distribution center, warehouse, showroom, brick-and-mortar store, or spread across a number of sites, enabling timely order fulfillment. Business Central also helps organizations to optimize manufacturing capacity and resources to improve production schedules.

Project Management – Dynamics 365 Business Central comes with comprehensive project management capabilities, enabling you to create, manage, and track customer projects using timesheets. D365 Business Central enables you to configuring jobs, scheduling resources, managing budgets and monitoring progress to ensure that projects should be managed within budgets. With real-time insights on project status, profitability, and resource-usage metrics, Dynamics 365 Business Central enables project managers to make more informed decisions. Featured mobile apps, cloud delivery, and high levels of security ensure that organizations as well as employees can get the information they need—whenever or wherever. By accurately tracking costs, hours, budgets, completion percentages and more, organizations can keep projects on time and under budget.

Human  Resource Management – With Business Central, organizations can centralize employee records such as contacts, qualifications, and contract information. Furthermore, Managers can assign codes to employee records and can easily track employee information according to factors such as experience, skill sets, training, and union membership. Employees absences can be logged, tracked, and tagged using reason codes.

Service Order Management – Available in Microsoft Dynamics 365 Business Central’s Premium Edition, this module enables companies to deliver excellent to customers in order to boost customer satisfaction and brand loyalty. With Dynamics 365 Business Central, organizations can efficiently oversee their service management operations, from processing orders, to issuing contracts, and managing technicians. With core capabilities to track post-sales issues, including new service requests and routine maintenance, Dynamics 365 Business Central enables you to monitor service KPIs including service levels, response times, service history of each contract, components, and warranty information. Complete information of logistics can be managed within Business Central while organizations can use sales forecasts to automatically generate production plans and create purchase orders. Business Central also helps you to optimize manufacturing capacity and improve production schedules to meet customer demands. Manufacturers can keep track of service items such as contract information, component management, and BOM reference and warranty information. Service prices can also be set up, maintained, and monitored with Dynamics 365 Business Central.

Manufacturing – This module is available with Dynamics 365 Business Central. With Dynamics 365 Business Central, organizations can sell and register resources, combine resources as one group or can also track the performance of the resources. Business Central delivers real-time visibility related to resource usage, further enabling you to plan cost on orders and quotes. Dynamics 365 Business Central also allows manufacturers to manage both fixed-price jobs and time-and-materials jobs. With timesheets, organizations can track Service, Jobs, and Basic Resources to optimize delivery. With support for multiple languages, Dynamics 365 Business Central enables users to switch languages in real time for reporting and other purposes. With Intrastat Reporting capabilities, you can automatically retrieve necessary data to report. Business Central also allows companies to send raw materials, unfinished goods, or partially finished goods for further processing elsewhere.

The Bottom Line

Thus, we can infer from the above text that Microsoft Dynamics 365 Business Central can help in connecting your business. Dynamics 365 Business Central follows modular approach and comes in SaaS environment, enabling businesses to leverage digital transformation. They can scale up as their business grows. You should contact Microsoft Partner companies if you’re looking for Dynamics 365 Business Central pricing & implementation service.

With real-time visibility of the operations, you can efficiently make more informed decisions. Furthermore, Dynamics 365 Business Central also eliminates data silos, enabling your company to have comprehensive view of all necessary information that can further enhance productivity. Built-in intelligence & machine learning capabilities of Microsoft Dynamics 365 Business Central delivers actionable insights, enabling you to drive business success based on data.