Dynamics 365 Business Central Benefits - ERP Enterprise Resource Plannin

Business Applications, Digital transformation, Microsoft Dynamics 365, Microsoft Solutions
Nov 19, 2019

Dynamics 365 Business Central – Benefits

Dynamics 365 Business Central is an ERP – Enterprise Resource Planning provided by Microsoft in their Dynamics 365 suite. It is a successor to Dynamics NAV, Dynamics GP and Dynamics SL. Dynamics 365 is a flexible solution easily malleable for any geography, industry and language.

The top differences between Dynamics NAV and Business Central are these:

• Additional functionalities in the suite for the cloud
• optimized and enhanced user interface
•AppSource apps to build a platform

Below is a comprehensible detail of what Business Central does for different core processes of your business.

Finance Management:

• By adding a new company in Business Central, you can start posting to the ledger, check debit/credit and post VAT facilities. This serves as a record and an active central management store for all your financial needs.

• Multiple bank accounts can be managed at a single time through Business central without being complicated. Separate income and expense charts for each of them will enhance visibility of the operations.

• Keep track of all your bank statements at the same time to get a reconciliatory view of your income and expenses.

• Bank accounts and transactions can be managed in multiple currencies to accommodate and facilitate your business endeavors in multiple countries of the world at a single time.

• Auditing of the finances is very easy because of the visibility that Business Central ensures. You can set up customized trails and can audit and look up details of any transactions any time you want.

Customer Relationship:

Customers are the essential component of a business. The proper management of the customer base promises a healthy future for the corporate and is very valuable for the management. Business Central provides these functionalities so that you can impart valuable customer support and services:

• Record keeping is very easy and clear. All previous engagements, schedules and profiling of a customer, or a potential customer your company is looking towards is saved in a single place which you can review and take help from anytime.

• Keep track of your sales and purchases and the current situation of your inventory and use this information to reach out to potential customers.

• Multichannel campaigns can be very helpful in reaching out and grabbing the market. Use intelligent data from Business Central to be an effective marketeer.

Supply Chain Management:

The backbone of the company is, in fact supply chain. From procurement to selling and after sale customer management, a good supply chain is the effectivity measure of your corporation or business. Here are a few ways Business Central can improve supply chain for you.

• Sales order management and tracking can be made easier, more clear through Dynamics 365 Business Central. Find out what is currently in the queue, what is scheduled for coming and what orders have been completed in the past.

• Similar to sales order management, you can have a dedicated section for purchase orders where you can view the current operations of your corporate regarding procurement of things.

• Journaling deliverables in Business Central are a great way to complete sales and register more customers.

•Inventories, multiple at a time, can be managed through Business Central. Each of them, regardless of their physical locations, can be managed and viewed with their current status and the their scheduled operations.

• Tracking objects, once they are moving between locations or are being transferred to their final destination for processing or shipping, can be done through Business Central.

Human Resource:

Human resource is an asset for the company, it is what makes the company what it is and its position in the business world. Managing human resources is an essential obligation for the management. Business Central can facilitate it in these ways:

• Track and centralize employee information, their backgrounds, current tasks, scheduled tasks, their performance, attendance, leaves and anything and everything attached to a human resource that the company should know for the better management.

• Expenses done by the employees can be tracked and audited using Business Central. You can track individual expenses, out of pocket expenses, departmental expenses as well as company expenses in a visual feed any time you want on any authorized device that you might be carrying.

Project Management:

• Track resources, their need, location, and their schedules at any time through Business Central.

• Track expenses of resources on tasks and find them updated as soon as the task is over. Similarly, manage both fixed price and contractual jobs through a single dashboard.

• Find out the estimate resource usage, availability, and planned costs and capability of either individual resources, teams or departments at any moment of time.

All these functionalities and many more are available for users who opt for Dynamics 365 Business Central. Find out a Microsoft partner who can link you up with specific needs and make your own customized Business Central which can help immensely with the operations and controls of the enterprise or company you are managing at that time.

IAXCESS, IAXServices and IAXDynamics are Gold partners with Microsoft Dynamics 365 and have decades of experience in providing solutions to customers as well as implementation and maintenance.
To find out more about how these partners have changed the business outlook in multiple countries around the world especially in UAE and Middle East and Africa region, conduct a quick search.