Microsoft Dynamics 365 Business Central is a powerful enterprise resource planning (ERP) solution that provides businesses with a range of features and benefits to help them optimize their operations and drive growth. In this article, we will explore the key features and benefits of Business Central as an ERP solution.
What is Business Central?
Microsoft Dynamics 365 Business Central is an all-in-one cloud-based enterprise resource planning (ERP) solution designed for small and medium-sized businesses. It combines accounting, financial management, supply chain management, sales and customer relationship management, project management, manufacturing, business intelligence, and more into a single, integrated platform.
Business Central enables businesses to automate and streamline their operations, gain better visibility into their business performance, and make more informed decisions. The solution is built on Microsoft Dynamics NAV, a widely used ERP system, and includes all the functionality of NAV, as well as new features and capabilities.
The platform is hosted on the Microsoft Azure cloud, which means that businesses can access the solution from anywhere, anytime, and scale up or down as needed. Additionally, the solution integrates with other Microsoft products, such as Office 365 and Power BI, to provide businesses with a complete, end-to-end business management solution.
What sets Business Central apart?
There are several factors that set Microsoft Dynamics 365 Business Central apart from its competitors. Firstly, its cloud-based nature provides businesses with the flexibility and scalability to easily adapt to changing business needs.
Additionally, the platform is built on the Microsoft Dynamics NAV platform, which has been widely used by businesses for many years and has a proven track record of success.
The solution is also fully integrated with other Microsoft products, such as Office 365 and Power BI, providing businesses with a seamless and comprehensive solution for managing their operations.
Furthermore, BC includes advanced features such as artificial intelligence and machine learning, enabling businesses to gain deeper insights into their operations and make more informed decisions.
Overall, these factors make Microsoft Dynamics 365 Business Central a powerful and innovative solution that can help businesses stay ahead of the competition.
The Features of Dynamics 365 Business Central
As one of the leading ERPs on the market, there are several features included within Business Central that can help bring out the best in your business.
According to a study by Nucleus Research, businesses that implemented the platform saw a 50% increase in productivity, thanks in no small part to the extensive list of functionalities provided by the platform. Here are several of the key features.
Financial Management
BC offers robust financial management capabilities that help businesses manage their finances with ease. The solution enables businesses to track financial transactions, manage accounts payable and receivable, and generate financial reports.
Additionally, Business Central offers powerful cash flow forecasting capabilities, which can help businesses make informed decisions about their finances.
Supply Chain Management
With Business Central, businesses can optimize their supply chain processes and improve efficiency. The solution enables businesses to manage their inventory, track orders and shipments, and streamline procurement processes.
Additionally, the solution offers advanced warehouse management capabilities, which can help businesses maximize space utilization, reduce errors, and improve accuracy.
Sales and Customer Relationship Management
Business Central provides businesses with a comprehensive set of sales and customer relationship management tools. The solution enables businesses to manage sales orders, track customer interactions, and generate sales reports.
Additionally, BC offers powerful customer segmentation capabilities, which can help businesses tailor their sales and marketing efforts to specific customer groups.
According to a study by Microsoft, businesses that used Dynamics 365 Business Central saw a 20% increase in customer satisfaction
Project Management
The platform offers robust project management capabilities that help businesses manage their projects from start to finish. The solution enables businesses to track project progress, manage budgets, and generate project reports.
Additionally, the ERP offers advanced resource management capabilities, which can help businesses optimize resource utilization and reduce project costs.
Manufacturing
With Business Central, businesses can streamline their manufacturing processes and improve productivity. The solution enables businesses to manage production orders, track capacity, and monitor inventory levels.
D365BC offers advanced production planning capabilities, which can help businesses optimize production schedules and reduce lead times.
Business Intelligence
Business Central provides businesses with powerful business intelligence capabilities. The solution enables businesses to generate real-time reports and dashboards, which can help them make informed decisions about their operations.
The platform also offers advanced analytics capabilities, which can help businesses identify trends, spot opportunities, and make data-driven decisions.
Cloud-based Solution
Business Central is a cloud-based solution, which means that businesses can access their data and applications from anywhere, anytime. This enables businesses to work remotely and collaborate with teams across different locations seamlessly. Additionally, Business Central offers automatic updates and upgrades, which means that businesses can stay up-to-date with the latest features and capabilities without any hassle.
Is Business Central right for my business?
Microsoft Dynamics 365 Business Central is designed to be a good fit for businesses of all sizes, from small businesses to larger enterprises. The solution is flexible and scalable, meaning it can be customized to meet the specific needs and requirements of businesses of different sizes and industries. Additionally, because it is a cloud-based solution, it can easily adapt to the changing needs of businesses as they grow and expand. Whether a business is just starting out or is a well-established organization, Business Central can provide the tools and functionality needed to streamline operations, improve productivity, and drive growth.
In conclusion, Microsoft Dynamics 365 Business Central is a powerful ERP solution that offers businesses a range of features and benefits to help them optimize their operations and drive growth. From financial management to supply chain management, sales and customer relationship management, project management, manufacturing, business intelligence, and cloud-based solution, Business Central provides businesses with the tools they need to succeed in today’s competitive marketplace.
Exigy is a Malta-based Microsoft Gold Partner, comprised of industry experts that have been implementing digital transformation projects for over 20 years.
Our expertise in business software implementations has allowed us to lend a hand to the evolution of several innovative companies, both locally and internationally.
Interested in learning more about how we can make it happen? Get in touch with us to have a chat with one of our Inspired Minds!
