What is Microsoft Dynamics 365 Business Central and does it replace Microsoft Dynamics NAV 2017/2018? First I’ll start by explaining the background to the introduction of Microsoft Dynamics 365 Business Central.
Microsoft Dynamics 365 Business Central was previously code-named ‘Tenerife’ and is the new version of Microsoft Dynamics 365 for Finance and Operations : Business Edition.
Microsoft Dynamics 365 Business Central brings the full power of Microsoft Dynamics NAV to the cloud. 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. Unify your business, and boost efficiency with automated tasks and workflows—all integrated within familiar Office tools like Outlook, Word, and Excel.
- 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.
- 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.
Crucially, Microsoft Dynamics 365 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. What that means for you is that you can transition between NAV on-premise and Business Central with relative ease.
What does Microsoft Dynamics 365 Business Central Offer?
Microsoft Dynamics 365 Business Central is a comprehensive, all-in-one solution designed for organisations 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.
For growing businesses, we typically can identify requirements around these three areas:
Connecting Your Business
Make Smarter Decisions
Start & Grow Easily
Connecting Your Business
Organisations who have outgrown their entry level accounting solution typically have issues when connecting different areas of their business together. Let’s take an example:
- A company starts with a basic accountancy package.
- They add a CRM solution to better manage their customers and opportunities.
- As their business grows they decide to add an inventory management software.
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 organisation is starting to outgrow their existing financial application and is unable to handle that extra growth. These are:
These areas become increasing apparent as an organisation begins to scale their operations, mobilise their workforce and when working with an ageing, legacy ERP software.
How Microsoft Dynamics 365 Business Central helps…
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 authorisations and vendor payments – all with an audited trail and enterprise level security.
A word on Mobility
For many businesses, bring able to access their ERP software on mobile devices is 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. You’ll see one version of the truth wherever you go, not limited by functionality or report type.
Integration with Outlook
Business Central integrates with Microsoft Office & Microsoft Outlook. For users who use Outlook and Office regularly, this means that they never have to leave those applications to process a quote, a purchase order or submit an invoice. Microsoft Word can be used to customise 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 synchronisation back into Business Central!
Making Smarter Decisions
Organisations typically need to improve their ability to make better, more informed decisions.
The problem is that in many instances their current solutions are disconnected so it is very difficult to get accurate reporting across the company that they can leverage to make the RIGHT 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 organisations 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
Start and Grow Your Business
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.
Microsoft Dynamics 365 Business Central will be generally available on April 2, 2018 in 14 countries – United States, Canada, United Kingdom, Denmark, Netherlands, Germany, Spain, Italy, France, Austria, Switzerland, Belgium, Sweden, and Finland.