On April 2 2018, Microsoft announced the new version of its ERP software Dynamics NAV with its new features, and improvements, and it was released in October 2018. Microsoft will stop selling Dynamics NAV to new customers on April 1, 2019. If you’re an existing NAV customer, however, you’ll still be able to purchase new licenses for your solution as needed.
Microsoft’s goal with the upgrade to Business Central is to guide companies through their own digital transformations, where retaining and growing a customer base can be done with the security and availability of cloud applications.
Dynamics NAV current users can continue using it, but all its subsequent versions will be published under Business Central in the future. All new users will be using Dynamic 365 Business Central (On-Premises). Users who want to upgrade their NAV version, can’t upgrade it anymore, they need to transition to Dynamics 365 Business Central.
Why Dynamic 365 Business Central and not Dynamic NAV?
Dynamics NAV has been re-branded Dynamics 365 Business Central On-Premise. Both versions of Business Central (cloud and on premise) have the same features and functions, the big difference is the platform.
With Business Central, you get things like easy 24/7 access anywhere, from any device, real-time information flow, seamless upgrades, easy integration building through web APIs, and reduced hardware costs.
If you prefer to host your software at your location, Business Central On-Premise is a great option, it also enables you to save all your data on the cloud via its Azure cloud backup solution that can simplify recovery, unified application availability, and data protection.
Making the switch to Business Central is not so different than any other NAV upgrade. For example, if you’re running NAV 2015, you might have been considering an upgrade. Now, instead of upgrading to a newer version of NAV, you’ll transition to Business Central.
Business Central Benefits
Nine main important features that will make you think about choosing dynamics 365 business central as ERP software for your business.
Integrated Artificial Intelligence / AI
Business Central has built-in intelligence (Artificial Intelligence / AI), which is designed to save time and resources for the user and detect changing patterns and changes in the business. A good example is the Smart Analytics feature in Power BI. Business Central also informs you about tasks, you might be interested in connecting to other tasks you are about to complete. If you create a purchase order to reorder a product from a vendor, Business Central will notify you of other items from the same vendor that is about to be sold out, so you can add them to the purchase order.
AI also allows you to streamline your business processes and reduce difficult data entry. For example, when uploading a product image during product setup, Business Central reads the image, recognizes the associated product and automates parts of the setup, completes fields and offers suggestions for improvements.
Business Central integration into Power BI
Microsoft's data analysis tool, or business intelligence application, has in itself become a highly effective tool for creating an overview of company data, but with integration into Business Central (or Dynamics NAV), the application reaches an even higher level of efficiency. By the integration with Business Central, all content can be viewed directly in Business Central, therefore, you do not need to skip back and forth between the two applications to view data and analysis. But not only that, the integration between the Microsoft Office applications makes data from all of your Microsoft applications, not just Business Central, so you can easily get a complete image of your business in real time.
Business Central integration into Outlook
With the integration of Business Central and Outlook, you will be able to complete Business Central related activities without leaving Outlook the client. For example, if a customer sends a query you can create and send an offer back directly from Outlook. If the customer approves the offer, you can, also in Outlook, create, send and post an invoice. Therefore, you do not need to spend precious time jumping back and forth between applications, import or export documents, or manually manual data entry.
The Role Center
The employees in your business that have access to Business Central have all been assigned to a user profile that gives them access to a role center in the ERP system. In Business Central, your role center is a bit like a start screen. When you log in, then the role center is the first thing you see. Different types of companies have different types of employees, and different employees have different needs and routines. Therefore, Microsoft has made it possible for the system to be adapted by each individual user by customizing the start screens for different roles. The role center includes, among other things, key performance indicators (KPIs), Navigation Menus, and hot keys. For example, the role screen for your sales manager will display KPI's, the most selling products and action buttons, such as 'Create New Offers'.
In Business Central, you have access to a list of your preferred accounts. The list can be customized to contain the most urgent accounts you need. The list is based on what you currently work on or what you most often need to see.
Automatic vendor payment
Business Central offers automated functionality for supplier payments (Accounts Payable / AP) that makes it easier to perform payments from the company to its suppliers. The functionality allows you to define the specific items that you most frequently import or export. Once that provider has been defined, Business Central recognizes these items and performs follow-up tasks accordingly, for example by recognizing a paid invoice as something to be posted. Business Central has built-in functionality that adapts to the individual bookkeeping's work routines.
Autonomy & Flexibility
The features of D365 BC approves the modern way of undertaking a business. It allows exclusive industry-specific functionalities that corroborate the cloud technology. And with flexible scalability, it fits businesses of varied sizes.
With D365, you can meet 100% compliance with your local regulatory capabilities by moulding it according to the requirements of the local market
Dynamic 365 Business Central as a SaaS application has a differential regarding costs since multi-tenant environment where the hardware and software license costs are low compared with the traditional model. Another advantage is that the user count can be increased and decreased per month this allows small and medium businesses (SMB) to use software that otherwise they would not use due to higher licensing costs. Maintenance costs are reduced as well since no server maintenance is needed.
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