Category: Microsoft Dynamic 365

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SMEs may face various challenges. However, you may need more resources to overcome both of these problems. A centralized solution like Dynamics 365 Business Central is recommended. It is important to choose the right Business Central implementation partner with years of experience.

 

As an IT operations manager, you may encounter various issues related to current technology as only a few professionals have a huge responsibility. Instead, you can choose the right Business Central implementation partner, so you don't have to worry about that anyway. Otherwise, improving, maintaining, and building an IT environment is more complicated than you might think. Some of the most common questions an IT operations manager may encounter are:


System Integration: Integrating multiple services written in different formats can be a headache. While systems and service integration formats can bring huge benefits, it all comes down to built-in complexity.


Cost Reduction: Balancing technology development and cost reduction becomes one of the toughest tasks for IT departments. However, IT engineers must ensure that their technology solutions meet cost specifications. Instead, they can own the D365 BC and turn to a business center implementation partner to take full responsibility for maintenance and upgrades.


Privacy: Cybersecurity or security is one of the top concerns for IT today. Since we share a lot of personal information, identities, etc. across different online platforms, we are vulnerable to data theft and other security issues. IT engineers need to find the right solution to keep data safe.


Increase employee productivity: The goal of every company in the world is to ensure employee productivity increases. Developing strategies to increase productivity can be challenging, as SMEs may compete with older, more stable firms. Purchasing a unified business management solution can help. The right technology and the right implementation partner will only get you ahead.

Internal Network: A strong and secure internal network is an essential requirement of any organization. A well-thought-out solution should be developed to meet current needs, and appropriate, scalable, and flexible technologies should be selected.

 

How can Business Central help you scale your SMB?

 

 If you're looking for the best ERP solution for your business, whether in the cloud or on-premises, chances are you've come across Dynamics 365 Business Central. As one of the best ERP solutions, it helps you seamlessly handle your business operations by automating and simplifying them. However, if you have already experienced LS Central's services and plan to upgrade to Microsoft Dynamics Business Central, here are the benefits you are entitled to if you continue.

 

If you’re looking for the best ERP solution for your business, whether in the cloud or on-premises, chances are you’ve come across Dynamics 365 Business Central. As one of the best ERP solutions, it helps you seamlessly handle your business operations by automating and simplifying them. However, if you have already experienced LS Central’s services and plan to upgrade to Microsoft Dynamics Business Central, here are the benefits you are entitled to if you continue.


Premium add-ons

With Business Central, you get premium add-ons under a unified platform like Microsoft O365.

You get access to Microsoft Teams, Skype for Business, Word, Excel, PowerPoint, Outlook, OneNote, Publisher, and OneDrive for Business. Additionally, each user is entitled to 1 TB of OneDrive for Business cloud storage. Some Office 365 applications support mobile versions for greater flexibility and ongoing operations, such as PowerPoint, Word, Excel, and more. You can also request 1 TB of OneDrive for Business cloud storage per user.


Power BI

Gain business insights more easily with Power BI. It is a data visualization system developed by Microsoft that allows you to create dashboards and related reports. Power BI for Business Central gives you the flexibility to customize and drill down into reports. You can even pool data from different companies and compare them thoroughly or use it to develop better strategies. Some BI reports can even be burned into Business Central without you even having to leave the system. So don’t be afraid to create complex dashboards, because Power BI has it all. For a better experience, we recommend working with an experienced Microsoft Business Central implementation partner.


Cloud Security

Moving to the cloud will only increase employee flexibility. However, it can expose your business to sometimes subtle and sometimes harmful effects. Business Central follows Microsoft’s modern lifecycle strategy of unavoidable service updates every six months in April and October. Microsoft Application Security helps protect your Business Central applications no matter where they are hosted. It authenticates, authorizes, inspects, and encrypts data, and executes the security development lifecycle (the process used to develop even secure software). Since it is hosted by and on Microsoft Cloud Azure, bank-level security is guaranteed.


Flexible, scalable and extensible

Another important feature of Business Central is its flexibility. Because it allows the use of industry-specific tools, you can customize it to fit your system and stay more connected to the data that matters most to your business. Another factor that supports its flexibility is the cloud. Upgrading your system to the cloud can store more data than any particular database or server. Also, it is scalable and can easily manage data, which means it is suitable for different businesses and is ideal for growing companies. 


Rapid deployment with the right Business Center implementation partner

 

Powerful doesn't mean complicated. Easy to deploy with Microsoft Azure. You can even choose to deploy your hardware locally. It all depends on your preference. Azure connects up to 100 facilities in this vast network.

 

Each feature is very secure and combined to keep you safe. Whatever your preference, it won't be a barrier to the rapid deployment of Dynamics 365 Business Central. We recommend working with an appropriate and highly qualified Business Central implementation partner with sufficient experience to meet your business needs.

 

Final words

We can conclude that Business Central is one of the best business management solutions available and can potentially solve all business challenges of SMBs. It is important to choose the right Business Central partner, such as Great Innovus, a Microsoft Business Central implementation partner, who is equipped with immediately qualified teams and over 5+ years of experience. Contact us for more questions.

The term “digital transformation” has attracted many manufacturers around the world. Digitization is leading to an increase in the latest trends and innovations. In manufacturing, this leads to Industry 4.0, smart manufacturing and smart factories.


By using the latest technology, you can improve your business processes, offers and services. It's about how to transform your business to make it stronger and more efficient to drive business growth.


At the forefront of digital transformation are cloud-driven manufacturing ERP solutions. By using these ERP models, you can experience excellent connectivity and distributed workloads.

 

Why choose Microsoft Dynamics 365 Enterprise Manufacturing Solutions?

Microsoft Dynamics 365 is a true leader in manufacturing ERP. It gives you the flexibility to fully customize your business applications to the unique needs of your manufacturing organization.

 

Whether you're interested in process, repetitive, discrete, or lean manufacturing, with Dynamics 365 you can gain real-time visibility into your manufacturing operations.

 

It can help you build more cooperative and productive partnerships with your suppliers. You can use critical business intelligence to empower your people and build deeper, more productive relationships with customers.

 

Most importantly, Microsoft Dynamics 365 helps you streamline your manufacturing solutions more efficiently while improving quality and ensuring compliance.

 

Benefit today from a fully integrated end-to-end ERP and manufacturing CRM solution from Microsoft Dynamics 365. Learn how Microsoft covers every aspect of corporate governance and manufacturing! 

 

How is Microsoft Dynamics 365 changing manufacturing operations?

Here's how to use Microsoft Dynamic 365 to ensure smooth operations throughout the manufacturing lifecycle.

Supply Chain Management

Benefit from the best manufacturing tools, accurately forecast demand and manage inventory across all your warehouse and manufacturing locations. You can also create unique strategies for distribution, inventory management, material sourcing, purchasing and quality control. Additionally, Microsoft Dynamic 365 is equipped with useful tools to improve your supplier relationships and boost sales.


Production Control 

From market demand to supply chain, Dynamic 365 provides an easy-to-use interface to help you manage the different variables of your production schedule.

You can use visualization tools to quickly create different planning scenarios and adapt production plans to changing circumstances. 


Sales, Marketing and Service

By using this efficient platform, you can combine your ERP and CRM operations into one comprehensive solution. From identifying lead opportunities to lead management to analyze customer behavior, you can simplify your sales, marketing and service efforts in one fell swoop.


HR management 

When you have a lot of workers it becomes difficult to manage them. With Microsoft Dynamics 365 for Manufacturing, you can ensure smooth financial and legal processing, right down to payroll.


It facilitates talent and workforce management, helping you identify your employees' talents and leverage their expertise accordingly.


Business Intelligence and Reporting

Transform your enterprise manufacturing solutions from embedded business intelligence while gaining insight into your financial health.


Plus, monitor your production performance and supplier and dealer network with AI-driven analytics and Power BI reporting. It helps in making key business decisions to increase your business growth and revenue.


Microsoft Dynamics 365 is a unified solution for manufacturing. As your business grows, you need to find unique solutions to meet new demands and overcome challenges. The lack of unity in the system can be called the difference.


With a seamless implementation of Dynamics 365, you get a modern, cloud-integrated platform that simplifies all departments in your organization.


Microsoft Dynamics 365 addresses unique manufacturing needs

At Great Innovus, we see custom processes, hybrid environments, and discrete operations for manufacturing. No matter your industry, process, and goals, you can always rely on support from Microsoft Dynamics 365 for Manufacturing.

 

Whether you're a food, chemical, paper or steel manufacturer, you can rely on Dynamics 365 for exceptional process manufacturing production.

 

It offers some amazing tools to help you control your operations and maximize your assets while reducing additional costs. It also helps to easily monitor the impact of decisions on production, orders, distribution and inventory.

 

Food industry

The specific challenges facing the food industry go well beyond independent distribution and manufacturing.

It needs to enforce certain regulatory standards that require attention, such as expiration dates, special handling, etc.

That's where Microsoft Dynamics 365 comes into play. It helps food and beverage manufacturers meet these challenges while meeting their optimal inventory levels, demand and quality control requirements.

 

Papermaking

Paper manufacturers also strive for excellence in all other areas. With this great platform, they can also streamline production, sales, inventory control, finance and delivery.

 

Process and Hybrid Manufacturing

Use Dynamics 365 to handle production and sales processes with integrated capabilities. It helps to better plan and manage production, accounting and sales.

 

Iron industry

To survive in the industry, steelmakers need to stay one step ahead of the competition.The industry is increasingly competitive as raw materials and suitable resources become scarce and manufacturing costs increase.

 

Whether you're running a startup or owning a large multinational corporation, it's important to have a 360-degree view of your business processes. Microsoft Dynamics 365 for Manufacturing gives you real-time visibility into all business operations from start to finish.

Key Features of Microsoft Manufacturing ERP Solutions

Let us examine the industry-specific key features of your ERP and CRM platform to maximize your business growth

 

♦ Supplied by an approved supplier, plus maintenance

♦ Multi-dimensional inventory capabilities

♦ The purchase price is subject to the actual effect

♦ End-to-end visibility

♦ Commodity price management

♦ Recipe management

♦ Product management

♦ Performance management

Identified stock and attribute price management

♦ Expired item management

♦Discount and trade promotion management

♦ Bulk order

♦ Container packaging

♦ Set up and maintain supplier batch details

♦ IoT Legacy

♦ Batch balancing of power formulas

♦ Consolidate orders

♦ Grab the weight

 

If you're ready to take the next step and wonder how to digitally transform your manufacturing operations. Connect with us and take the next step towards a more connected and efficient manufacturing business.

 While many companies rely on operational and finance software to run their businesses, most have limited capabilities to help organizations foster future growth. ERP (Enterprise Resource Planning) software helps businesses manage day-to-day business activities and control the flow of data between different business systems. Cloud ERP software represents a step forward in helping organizations meet changing business needs. 

What is cloud ERP software?

Traditional ERP platforms often operate as separate entities and do not always coordinate with other systems. IT departments had to set up complex code modules to meet the specific business needs of the organization.

Modern cloud-based ERP systems combine disparate processes into a fluid ecosystem. They connect with other productivity tools, e-commerce platforms and customer engagement solutions to help businesses uncover insights to optimize business operations.

Traditional cloud ERP software is installed in a company's server infrastructure. The company's IT department is responsible for updating and maintaining the ERP to keep the information current. 

Cloud-based ERP eliminates the need for companies to maintain proprietary servers. Instead, information is stored in the cloud and shared between different departments. All ERP platforms store data in a shared database that supports multiple functions. Employees in the organizational field use the same information to complete business tasks without extensive changes to cloud ERP.

What benefits does cloud ERP systems offer?

ERP systems are used by all types of businesses. However, manufacturing companies use their platforms differently than the financial sector. A good ERP cloud solution can fit into any industry and help increase productivity and efficiency.

It enables organizations to simplify essential business functions, automate manual tasks and identify opportunities to improve current business processes.

 Let's see how businesses of all sizes can benefit from cloud ERP software.

1.Faster Update

Any ERP platform needs regular updates to maintain optimal system performance or address issues such as security vulnerabilities. Completing these tasks in an on-premises ERP system consumes a lot of IT time and resources. If something goes wrong, end users may experience issues such as using a different or incomplete new software version.

Cloud ERP systems help companies avoid issues related to missing updates. If you sign up for a cloud ERP platform such as Dynamics 365, it is Microsoft's responsibility to ensure your version is up to date. This means less disruption to day-to-day business. Users are often alerted to important updates and training opportunities.

2. Less Maintenance Cost

Another benefit of a cloud ERP platform over an on-premises setup is reduced implementation costs. Not a lot of hardware is bought for a server. Cloud ERP systems are a cost-effective option for small and midsize businesses that don't have the resources to set up an extensive server setup.

Businesses don't have to think about hiring experts for maintenance or upgrades. If your business wants to expand, simply upgrade your current ERP subscription tier. Cloud ERP providers host and manage the software used to maintain the system and provide ongoing support.

3. Faster Deployment

Setting up an on-premises ERP takes time and a lot of effort. This can lead to extended company downtime, especially if projects are not completed on time. A cloud-based ERP platform can be up and running quickly because you don't have to worry about setting up any hardware. In some cases, you can set up a cloud ERP in just a few days.

4. Be more flexible

The problem with many legacy systems is that organizations find it difficult to extend them to support business growth. Most modern cloud ERP software systems are equipped with technologies such as artificial intelligence (AI) and machine learning (ML). These capabilities help organizations spot trends and make data-driven business decisions.

Cloud ERP systems often have integrations for use with other cloud-based business tools. You can create reports from a central data store and create seamless workflows for employees.

5. Better Accessibility

Recovering from a disaster that causes hardware failure can result in extended business downtime and costly repairs. Cloud-based ERP systems use servers located in geographically distinct data centers. This helps businesses maintain access to information on the Internet, which in turn helps keep business running.

6. 100% uptime production systems

Today with a global user base, everyone wants to achieve 100% uptime for their Production systems and provides both backup and disaster recovery for your ERP, in one solution. This solution offers clients an affordable and comprehensive solution to ensure their  ERP systems are readily available in case of system issues or disasters. It gives them an alternative to traditional backup and disaster recovery solutions.

Most cloud platform architectures support without much hassle. The only pre-requisite is to have a good technical team who can support it.

Considerations for using cloud ERP software

Businesses should consider the potential challenges posed by deploying cloud ERP software, including:

  • ♦ Migration issues arising from migrating from traditional on-premises ERP systems to cloud-based systems.
  • ♦ There may be resistance from key stakeholders, including IT admins worried about losing full control over various back-end processes.
  • ♦ Need to comply with strict cybersecurity restrictions or address industry-specific regulatory compliance issues.

It helps to work with an ERP cloud provider that has experience dealing with these issues. Without experienced mentoring, even the most talented IT professionals can struggle. Transitioning to a more modern way of doing business is easier with experts guiding your business through potential obstacles.

Get help setting up your cloud ERP system

Great Innovus can help you realize your desire to transform into a more efficient way of doing business. We can help you leverage cloud ERP systems and simplify the way your business operates. Learn more about what Great Innovus can do for you by scheduling a consultation to discuss potential solutions.

Dynamics 365 Business Central is the SMB leader
Microsoft's Dynamics 365 Business Central is the ERP market leader, offering a comprehensive range of features, functionality, and pricing for companies of all sizes! SMBs are well-positioned to upgrade to Dynamics 365 Business Central as their preferred ERP solution.

Small and medium businesses get a major upgrade with greatly enhanced functionality to meet their business needs, usually only available to large corporations! Add flexible pricing models to easily make Dynamics 365 Business Central a natural progression path for your next ERP cloud solution. Dynamics 365 Business Central offers several advantages when using Microsoft's ERP business applications and is a game changer in the SMB market.

Fusion is the key!
One of the most important and important advantages is that Business Central is not only part of the Dynamics 365 suite of business applications, but also part of the wider Microsoft environment. This provides simplified and seamless integration options for companies using Business Central.

Whether you choose a custom or additional integration path, you have unlimited opportunities to grow and expand as your business needs evolve and change, with flexibility and ease with Outlook, Power BI, Excel, SharePoint, CRM, eCommerce, Documents and Fees Integrated management and more…

Make the most of it by letting Dynamics 365 Business Central work for you!

Cost-Controlled Scalability
Dynamics 365 Business Central is ideal for SMBs looking to control cash flow and scale quickly. Dynamics 365 Business Central's pay-per-use model means you never have to worry about spending on business applications that you neither need nor use! With a flat monthly license fee, you can see exactly what your investment in an ERP solution is.

Out of the box
Enjoy the speed and flexibility to be up and running in days – quickly deploy ERP solutions with minimal downtime and virtually eliminate barriers to entry.

Increased Mobility in Times of Change
One of the most well-known benefits of cloud technology is the freedom of movement it offers employees, which is no longer the case in these unpredictable times. Instead of working in one central location, Dynamics 365 Business Central enables employees to work securely from anywhere, on any device. Your employees can use the powerful, rich features and functionality they traditionally get in the office – not remote work is just a click away, whether at home, in the center, or at the customer's site – with all the flexibility to increase productivity.

360-degree view of your business
When you use an end-to-end business management ERP solution, all your systems and processes are connected, your data is centralized, and your most important business insights are fully integrated, Thus providing you with real-time analysis of your business development at any point in time. Regardless of size or industry, siloed systems and disparate data present significant challenges, so deploying an integrated ERP solution in the cloud makes a lot of sense for companies looking to scale and grow their business.

Best-in-class security
Leverage Dynamics 365 Business Central SaaS – Microsoft's secure infrastructure for cloud-based ERP for all users. The cloud solution itself has built-in features to ensure automatic backup and safe storage of all your data. You can be sure that your ERP solution will operate at an affordable price in a secure IT infrastructure environment.

Enhanced cloud-based ERP user experience
Users can access truly important business information anytime, anywhere, on any device. This ensures that employees across the organization use the same data, regardless of business unit or location, and can make instant decisions faster and with more confidence.

Rapid deployment, upgrades, and accessibility
With Dynamics 365 Business Central in the cloud, you get the relevant training and resources you need to better understand and leverage your cloud environment. Provides rapid deployment of the latest version updates and a simple upgrade implementation process, allowing you to realize business value faster.

Improve performance and accelerate business growth
Upgrading to cloud-based ERP with Dynamics 365 Business Central gives you more flexibility to take advantage of evolving cloud-based ERP platforms. Benefit from the simplification and improved automation of end-to-end business processes in the cloud for new business growth opportunities.

Maintain Your Competitive Edge
Today's business environment is one that is constantly changing, exposing your business to unexpected and often volatile market conditions. Now more than ever, you need the flexibility to take a reactive rather than reactive approach to changing market conditions to maintain your competitive edge. Dynamics365 Business Central ERP solution in the cloud – giving you the scalability and agility to make it happen.

Add-ons and extensions
Increase the ROI of your Dynamics 365 Business Central investment with a variety of add-ons and extensions available on Microsoft AppSource to meet any industry need

Dynamics 365 Business Central Easy Start Cloud Pricing Option:
At great Innovus, we help our customers take advantage of a variety of flexible pricing options to best manage the Dynamics 365 Business Central technology investment that fits their business needs:

Microsoft Dynamics 365 Business Central Easy Start Option Has been developed to make your decision-making easier and make your project as cost-effective as possible

● Just decide how many users you want and add a service pack that suits your needs

● Flexibility to customize or customize any of our standard packages to suit your needs

● You will receive a detailed project task list with time estimates for each position, and you can exchange or modify any tasks as needed

Next Steps
If you are a company looking to migrate from NAV to Business Central or looking to implement a low-cost ERP system like Business Central for the first time, give us a call so we can understand all the options.

Contact us today to learn more about how Great Innovus can help you accelerate your growth.

Businesses cannot work in silos, and the complexities and challenges presented by internal and external environments require interconnected solutions and work toward a common goal. Data/information is what drives business development, and there needs to be an open communication channel within and between departments. Data connectivity and availability are necessary if the company wants to communicate a unified vision to everyone. Modern business is about an open platform where information can be accessed with just one click.

But how does this happen? Through technology, of course, and more through “connected technology”; if you want to create a hybrid workplace where everyone can use and access data or information, then connected technology is your recipe.

Cross-functional collaboration – connect everyone, anytime, anywhere

The Intelligent Enterprise focuses on building a cross-functional, collaborative culture to harness the power of connectivity, improve business processes, and drive growth. In hybrid work, digital collaboration is the backbone that drives the free flow of information and enables organizations to function as one, anywhere. When your organization has established a cross-functional collaborative culture, the possibilities are endless, and not only are people in the organization connected to bring transparency but teams and business functions are also connected and working toward a unified vision.

Cross-functional collaboration ensures that different teams or business functions can connect anyone on any channel, anywhere, anytime through technologies like Microsoft Dynamics 365 and Microsoft Teams. This accessibility allows organizations and teams to challenge the way work is done. The more people who work with colleagues, This gives them a sense of connection across the company and speeds up the decision making process.

Investing in the right technology can make or break you

With technological innovations taking place every day, companies encounter promising solutions that can help solve a variety of problems. Admittedly, these solutions solve problems, but the concern is, are you investing in custom solutions that might work in silos?

Businesses should commit to investing in technologies/solutions that help them connect different business functions in their organization. With connected solutions, information is available in real-time, the decision-making process becomes easier, and you spend less time getting work done and driving business growth.

Microsoft Features -Experience Connect

There's a reason millions of organizations use Microsoft solutions to manage their businesses. A key reason is a connectivity the solution must provide. Your entire workforce, departments, and business functions are connected and have free communication channels.

Real-time data availability and engagement help accelerate business decisions, which in turn help organizations achieve more goals and generate more revenue. Organizations using solutions like Microsoft Dynamics 365 and Microsoft 365 Teams can effectively connect people,
processes, insights, and cross-functional teams and build a culture of cross-functional collaboration across their companies.

wrap up

Businesses that operate in siloes are more likely to fail; technology connects your business. Connected solutions from Microsoft are the cornerstone for building cross-functional collaboration in the enterprise and connecting everyone, anywhere, across all business
functions.

If your goal is sustainable growth with connected solutions, feel free to contact us and unlock Microsoft capabilities for your business.

Supply chain management can prove complex and difficult to manage. Controlling supply chain efficiency is critical as interconnected enterprise networks need to be efficient to efficiently deliver products and services to customers professionally. With the help of the Microsoft Dynamics 365 Supply Chain Management Module (D365), companies can rest assured that managing their supply chain will become easier. The D365 helps manufacturers solve the problems they face today while preparing them for the opportunities of tomorrow.

Microsoft Dynamics Manufacturing Supply Chain Management helps in many ways, whether it’s workforce restructuring or Enterprise Resource Planning (ERP) modernization, as well as overcoming challenges by increasing transparency and gaining better insight into the supply chain processes, and even turning around supply chains by relying on circular supply chains chain and worship economy.

This blog covers three benefits of the Dynamics 365 manufacturing supply chain in more detail.

Streamline your Dynamics 365 supply chain management processes by modernizing ERP and workforce transformation

To date, streamlining your Dynamics 365 supply chain management processes by modernizing ERP and workforce transformation, but the pandemic has made it more difficult. Many have decided to step up their attempts to use technology to meet the challenges posed by persistent labor shortages.

Manufacturers are accelerating the transformation of workforce manufacturing activities, increasing the use of industrial robots, IoT sensors, Artificial Intelligence(AI) and intelligent automation.

As these companies build smarter, more connected factories, they effectively increase the productivity of their workforces, which is one way of easing the pressure on manufacturing from labor shortages.

Dynamics 365 supply chain management visibility and insight

As organizations continue to find ways out of the pandemic, many find that current supply chain management techniques are not suitable for an environment of constant disruption, restrictionand uncertainty. 

Additionally, the successful implementation of AI-driven supply chain management resulted in a 15% reduction in logistics efficiency, a 35% reduction in inventory and a 65% reduction in service levels for early adopters compared to slower companies. mobile competitors. This has led to a surge in spending on advanced supply chain solutions that connect disparate systems, unify data, improve visibility into supply chain management functions, and leverage artificial intelligence to provide actionable intelligence for decision-makers.

Circular Economy and Reverse Supply Chain Management

Many companies are working to make our world more sustainable by pursuing environmental as well as social and governance goals. 

The creation of circular economies is one method manufacturing companies are promoting sustainable practices. The concept of circularity commonly referred to as the circular economy is the outcome of supply chains being managed in reverse to address what happens to goods after their use-by date.

51% of supply chain professionals expect the circular economy to increase in importance in the next two years after the COVID-19 collapse.

With the growing focus on circular economy strategies, it is critical to recognize that managing manufacturing reverse supply chains requires different operational processes. 

To put it another way, manufacturers cannot simply accept products that are no longer in their warehouses or factories. Given the complexity of products and recyclable raw materials, different operations are required to receive the product, inspect it, sort it, and then prepare the raw material so that it can be reused.

What's Next?

Great Innovus helps manufacturing companies transform their existing ERP platforms, dramatically improve supply chain visibility and insight, and promote a circular economy through reverse supply chain management practices. It also enables users to better plan, increase organizational agility, and maximize asset uptime, allowing businesses to operate smoothly and profitably.

Learn more about how we can help you implement Dynamics 365 Supply Chain Management for your business. If you are interested in learning more about Microsoft Dynamics 365 for Supply Chain Management, please contact us here.

Microsoft Dynamics 365 Finance and Operations is a cloud-based ERP system focused on managing all finances and inventory, designed for large companies.

Why choose Dynamics 365 Finance and Operations?
Research leaders predict that the ERP market is expected to grow steadily as systems now focus less on on-premises solutions and more on cloud platforms, artificial intelligence (AI), and the Internet of Things. While the market share of ERP is undoubtedly on the rise, there is a lot of debate as to which ERP has the largest market share and is therefore the market leader. Some of the major players in cloud ERP solutions, such as Microsoft Dynamics 365 Finance and Operations, Epicor, SAP and Oracle, are going all out to win the competition for your business.

If you're new to using cloud-based ERP, here's how it can help your business

* Improve competitiveness
* Improve operational processes
* Participate in organizational activities
* Help manage resources efficiently

Dynamics 365 Finance and Operations (F&O)
Microsoft Dynamics 365 Finance and Operations is a cloud-based ERP system focused on managing all finances and inventory, designed for large companies. It's a complete set of visionary tools that provide complete transparency and insight into your business. Since its release in 2016, Dynamics 365 for Finance & Operations has continued to evolve alongside the entire suite of Dynamics 365 applications.

Dynamics 365 Finance and Operations comes with two different license options:

* Dynamics 365 Finance (for budgeting, finance, accounting and project management)
* Dynamics 365 supply chain management (for design, manufacturing, warehousing and distribution)

Licensing options can help you select and set user access rights based on business processes. It can give you a competitive edge with a modern ERP with a new user interface, new features and integrations. No matter what industry you're in, Microsoft Dynamics 365 Finance and Operations is one of the best solutions your business could possibly need.

As a major competitor in the ERP market, Dynamics 365 for Finance & Operations promises to reduce costs and simplify setup. In addition, it connects seamlessly with a variety of other Microsoft business applications. One of the main benefits of Dynamics 365 is also user training.While every ERP system requires training, Dynamics 365 for F&O has a relatively short learning curve. It has some of the best features to manage your account and works like a dream. According to Forrester, organizations that create a data-driven culture have seen a three-year ROI of 366 percent in Microsoft business intelligence.

Dynamics 365 Finance and Operations at the forefront of the growing ERP market:
Microsoft's Dynamics 365 for Finance and Operations product leads the 2020 ERP Technology Value Matrix. No matter the industry, Microsoft Dynamics 365 provides financial, manufacturing, logistics, supply chain, and regulatory compliance capabilities.

However, the future trends of ERP systems play a unique role in today's growing market trends and demands. Relentless development efforts and significant investments in the Dynamics 365 application suite, including blockbuster acquisitions, have made Microsoft a leading provider of cloud applications.

Microsoft Dynamics 365 was released in a short time and climbed the market share rankings, quickly surpassing Salesforce and Oracle. This certainly makes it clear that future Microsoft Dynamics 365 projects will include more intelligence and cognitive services, proactive use of data to transform your business, and digitally future-proof your business.

How can Dynamics 365 Finance and Operations help your business?
Microsoft Dynamics 365 supports the digital transformation of many companies and industries. Here are some key advantages that prove that Microsoft Dynamics 365 definitely has a competitive advantage over other ERPs on the market.

Financial and Operational Benefits of D365

Reduce costs: It combines your company's expenses and IT perks to create an intelligent cost management program.

Flexibility: Dynamics 365 Finance and Operations applications give you complete freedom to customize and develop on any platform.

Deep-rooted integrations: Dynamics 365 provides deep-rooted CRM, BI, and other third-party integrations to keep your entire organization in sync.

Built-in analytics: Dynamics 365 has built-in analytics mechanisms to help you make better decisions faster.

Azure AI: The availability of intelligent Azure AI provides accurate predictions, tells you what's likely to happen, and provides predictions and recommendations.

Use Dynamics 365 Finance and Operations for your business!
Dynamics 365 F&O has much more than what we reviewed today. If you're evaluating ERP for your company, Dynamics 365 F&O should be at the top of your list. With its advanced features and wide range of benefits, it may be the best decision you can make to help your business succeed.

Great Innovus helps you identify, analyze and figure out the right strategy for a successful implementation of Dynamics 365 Finance and Operations.

Our Microsoft-certified experts can help you learn more about what's possible with Dynamics 365 Finance and Operations and help you identify the right strategy for success. Schedule a call with our experts today!

Microsoft Dynamics 365 Business Central has proven to be the most reliable and consistent ERP software on the market. This powerful all-in-one solution helps you with financial management, project management, operations management, financial reporting, supply chain management and corporate governance while being simple, intuitive and customizable. If you run a small to medium business, are in charge of IT solutions for a mid-sized business, or are just looking for the best management tools available, look no further.

User-friendly and familiar interface
Microsoft Dynamics 365 Business Central has an easy-to-use interface similar to most accounting applications. This means you don't have to waste time teaching your employees how to use the app, they can start using it as soon as your company implements Dynamics 365 Business Central.

Extension-based development 
The model is based on a series of upgrades to the Microsoft Dynamics NAV/365 platform. The creation of extensions is the most important feature of the availability of Microsoft Dynamics 365 Business Central in the SaaS model. This improves the performance and scalability of Dynamics NAV / Business Central.

Risk reduction ratio
Trust is paramount when looking for an accounting solution for your business. Perhaps the most trusted brand in the world is Microsoft. So when you use Microsoft Dynamics 365 Business Central, you can rest assured that you will receive world class security, support, and maintenance.

Flexible deployment modes
Dynamics 365 Business Central is available for on-premises and cloud deployments. The solution can also be customized in terms of deployment technology to meet business needs.

The market's finest native integration is provided by ERP software
The natural integration of this software solution is one of its main benefits. You can utilise any tool or app with any other tool or app with ease. This is a workflow masterclass. This is the tool you need if agility is what you're after.

Agile and efficient
The software brings all data and processes together, helping organizations break down barriers between critical business platforms and increase employee productivity because they have all the insights they need to make the best decisions.

Smart Security
It is a cloud-based system that provides strong security for your physical data center, network connectivity, service hosting platform, and user and admin panels.

Boost your business growth
With Microsoft Dynamics 365 Business Central, you can easily integrate new processes and other business areas to re-scale and meet larger demands without compromising business performance and results. Simply because Dynamics 365 Business Central supports the business without burdening the IT budget.

Want to see Dynamics 365 Business Central in action?
Great Innovus is one of India's experienced Microsoft Dynamics partners for Dynamics NAV / D365 Business Central, providing ERP consulting to businesses of all types and industries for over 5 years. We'd love to show you what's possible with Business Central. If you're looking for a partner who can analyze your needs and help you determine the best ERP for you,  we're here to help.

Check out our company's Center Of Excellence and if you have any questions please contact us at [email protected].

There are many differences between ERP systems and standalone accounting software. However, despite these differences, there are still misconceptions that lead many to use the terms interchangeably. This is the first step in deciding on management software.

While there is some overlap, the main difference is the number of features provided by each solution. Accounting software provides financial control for your business through accounts payable, accounts receivable, general ledger with reporting, and payroll. ERP software provides several modules that include the accounting functions mentioned above, as well as applications such as supply chain management, inventory management, human resource management, and e-commerce.

Accounting software

Accounting software is more specific in features and types, Produce required financial reports such as Income and Balance Sheets including Accounts Receivable/Accounts, Journals and General Ledger. Due to this limited focus, accounting software cannot achieve the same level of integration as ERP accounting software.

ERP Software

Most ERP products offered today come with accounting software as an entry-level (office) package called an ERP accounting system. As your business grows and the need to automate more complex data recording and reporting processes increases, you can add process-specific components. This is how accounting software can become an ERP.

For example, a typical accounting package provides financial management, planning, and budgeting functions as a base package.

The same box can also be integrated into other business processes. Project and Supply Chain Management, Reporting and Analysis, and Human Resources Management.

Let’s take a closer look at the differences between accounting software and ERP:

As the world becomes more complex, lead times are getting shorter, customer expectations for product personalization are increasing, and more data is being managed than ever before, software support for the operational efficiency of core business processes is critical. will be Companies also need the right skills to meet the dynamic demands and challenges of their particular industry. The terms accounting software and her ERP software are erroneously used interchangeably. In fact, accounting and financial reporting software is a subset of ERP systems. It's important to understand the difference.

ERP vs Accounting Software

The basic difference between the two terms is that accounting software often helps to cover areas like banking; liabilities, accounts receivable; financial reporting and some basic sales records. However, ERP software also includes the basic functions of accounting as well as some additional functions for managing logistics demand, supply chain, warehousing, inventory, e-commerce and contact management. ERP can be better defined as a fully integrated tool with an end-to-end business solution.In other words, accounting functions are a subset of ERP software.

❖ While the best free accounting software manages business accounts or how your money flows, ERP is business software that helps you track inventory management, tangible and intangible assets, invoicing, order fulfillment, order costs, and more. In accounting, you deal with the general ledger, accounts receivable and payable, payroll, expenses, and more. But Enterprise Resource Planners (ERPs) help manage unaddressed issues in accounting. 

❖ ERP and accounting software generally differ significantly in software cost of ownership. While accounting software is generally inexpensive, accounting software is easily affordable for small businesses. Even for medium to large companies, the cost of implementing and maintaining an ERP can be very high. 

❖ Another key difference is the human effort required to manage the software. And accounting software can be managed entirely by small business owners. Maintaining an ERP system requires a team of professionals to keep it running. Even with ERP software, the learning curve is often steep.

 ❖ Accounting software has limited or basic inventory tracking and web-based add-ons. On the other hand, ERP systems are flexible enough to free users from the constraints of accounting software. It also allows you to improve the accuracy and customer service of
your business. At the same time, ERP can help you reduce warehousing costs, inventory write-offs and labor costs. 

❖ ERP can help you plan the resources needed by your business, such as the number of raw materials required for the production process, and can also help manage highly complex production lines, but accounting software lacks such capabilities. While both are
important to your business in their own way, ERP is more flexible than accounting software, allowing you to manage different tasks more easily. It all depends on your business needs and the size of your business

Key ERP benefits of implementing such software:

1. Centralized IT costs:

Unify IT costs and increase efficiency instead of spending resources on multiple systems.

2. Overall Visibility:

Gain complete visibility into all critical processes in your organization by making data easily accessible.

3. Plan ahead and report:

Using the same ERP suite across all departments means your organization has a unified reporting system for every process.

4. Full customization:

Many ERP vendors offer multiple applications that can be implemented together based on business needs. Improve efficiency.

6. Reduce IT and training costs, time and effort:

A properly implemented ERP can significantly reduce or eliminate repetitive manual processes.

7. Customer Service:

By centralizing and simplifying customer information, your sales team can focus on building and nurturing customer relationships instead of managing spreadsheets.

8. Data security and quality:

One of the foremost necessary benefits of ERP system is data security. After all, data is at the heart of each ERP concept. 

A single repository of information helps improve the accuracy, consistency and security of enterprise data. 

ERP allows for greater integration of business operations into a single system, including aspects of inventory and warehouse management, customer relationship management, supply chain, and more. All of these aspects are currently not possible with stand-alone accounting solutions. It's time to start looking for an all-in-one ERP solution

Why Microsoft Dynamics 365 Business Central is a perfect fit for ERP
for SMEs?

Dynamics 365 Business Central has important capabilities across various platforms. This comprehensive management solution integrates all aspects of enterprise management and implementation on one platform, seamlessly connecting mobile and desktop
devices.

Add-ons for Microsoft Dynamics 365 Business Central are now available to meet the specific needs of all types of companies and industries. It can be used in any operation, from production management to retail and service.

Microsoft Dynamics 365 is the perfect solution for small and medium businesses. The tools, functions, and features provided by the platform are intuitive and meet business needs. Small businesses get the perfect help to achieve their business goals.

If you're interested in learning more about the potential benefits an ERP system could bring to your business, feel free to contact us

Enterprise Resource Planning is a business process management software used to manage and integrate day-to-day business activities such as finance, procurement, production, projects, human resources and other activities. It provides accurate, real-time information to help stakeholders make informed business decisions based on the data generated. A good ERP system deduplicates data and ensures data integrity by collecting a company's joint transaction data from multiple sources. Businesses can customize their needs while choosing from a variety of ERP software before choosing the best ERP software for their business.

Why is ERP important to your company/organization?
Have you ever wondered why so many companies are looking for enterprise resource planning solutions? What do you need them for? According to current statistics, 81% of enterprises are introducing or have successfully introduced ERP. They won't even consider implementing enterprise resource planning software if the system isn't good for their business. Let's take a closer look at the benefits of an ERP system for your business.

Optimize efficiency:
Enterprise resource planning systems simplify various business processes that require a lot of time and effort to be done manually. Organizations can now complete repetitive tasks such as B. tracking inventory, assigning employee tasks, monitoring hours worked, assigning salaries, and automatically generating financial reports.

By automating complex processes, your employees can focus more on their core activities without interrupting each other. For example, a marketing team can generate daily web traffic data without requesting it from an IT team, or an accounting team can generate sales-related reports without relying on a sales manager.

ERP systems also provide quick data access for the company's managers and stakeholders. Through the dashboard, decision makers can monitor key performance indicators across the organization. All the data you need can be generated in real-time.

Increase teamwork:
Cross-departmental collaboration is a vital and often essential part of a business. ERP systems break down barriers between company departments. By storing data in a centralized and consistent ERP software, one department can access data from other departments. SaaS or cloud-based ERP can extend collaboration between existing teams across multiple offices in different locations over the Internet.

Reduce operating costs:
ERP systems can also help companies save on operating costs. Since most operational activities are automated, disruptions, delays, and failures of all kinds can reasonably beexpected. Complex jobs can be completed faster with shorter lead times. Businesses can also reduce their workload as ERP solutions take over a variety of day-to-day tasks.

Improve data security:
ERP solutions have firewalls and throttling controls to prevent data leakage. The system centralizes all data in one point, making it easy to monitor access points. Administrators responsible for managing company data can grant employees limited access. For example, HR managers can hide some key data from only themselves and other stakeholders, while granting employees access to their financial data.

Administrators can also quickly disable access for fired employees and grant new access. The ERP solution also displays user activity, allowing administrators to quickly identify patterns of unauthorized actions or suspicious activity in the system.

Create realistic and accurate forecasts:
One of the most important things for business progress is to make accurate forecasts. Stakeholders rely on reports to make predictions that ultimately inform their decisions.

Therefore, companies need to receive complete and consistent reports in real-time, which can be achieved with comprehensive ERP software.

ERP reporting tools use sophisticated filters and analysis to filter out inconsistencies in the data. The system also ensures that the acquired data is produced in real-time. Accurate business reporting helps stakeholders make the best decisions for their business.

What industries can benefit from ERP?
While ERP was previously limited to manufacturing, the software has now expanded into various other sectors such as services, education, retail and wholesale, real estate, food and beverage, healthcare and even government.

Every organization manages employees, buys products or services, sells or distributes something, and manages finances. Integrated ERP software will enable companies across industries to integrate and manage these essential functions.

Next Steps in ERP Software Selection

To take full advantage of ERP, The system should be precisely tailored to the needs of the company. when ready to use System or custom, tailored to business needs and practices vital to success. Every company must be willing to take the time to ensure this ERP system has all the features it needs and none that it doesn't. Otherwise, ERP is Not a wise investment.

That Software helps simplify complex operations, increasing and decreasing efficiency costs and optimizing your company's productivity. It applies to companies of Various sizes; small, medium, and large.

If you are not sure what features you need for the ERP system, don't hesitate to discuss with the right ERP solution provider. Great Innovus offers free advice to seekers implementing automation solutions to streamline their business operations. Click here

QuickBooks is the primary accounting software package for roughly 29 million small businesses. On the other hand, Dynamics 365 Business Central is a new type of accounting software that is rapidly gaining popularity. It's a cloud-based application and a great alternative to QuickBooks.

While Dynamics 365 Business Central is designed for small and medium businesses, QuickBooks is best for small business startups. However, each provides a comprehensive set of monetary and operational tools that square measure simple to use and accessible anyplace. 

Most small businesses start with QuickBooks and then migrate to Dynamic 365 Business Central as their needs increase and their business grows. So, is Dynamics 365 Business Central really the best alternative to QuickBooks?

Why consider switching from QuickBooks?

QuickBooks is excellent accounting software, but it has many limitations and cannot be customized to meet your specific business needs.

The best replacement for QuickBooks is Dynamics 365 Business Central. It's cloud-based, therefore you do not ought to install something on your laptop or portable computer. it'll be accessed from any place with an internet affiliation. you'll be able to customize the software to satisfy your specific business desires and needs.

The software gives you a unified view of your entire business. It has accounting, financial and point-of-sale system capabilities. As mentioned, you can also use it to manage customer relationships, track inventory and orders, and generate reports for your business.

Dynamics 365 Business Central vs. QuickBooks

 

Weaknesses of QUICKBOOKS:

– Accounting and Finance function only

– Limited reporting options

– weak audit trail

– Weak user roles

– Lower safety standards

– Businesses can quickly outperform Quickbooks

– Lowest business productivity due to independent platforms and databases

Strengths of BUSINESS CENTRAL:

– Complete ERP system

– Detailed and secure audit trail

– multi-language functionality

– Multiple currencies functionality

– user-friendly

– Cloud-based

– High data security

Capabilities between Business Central and Quickbooks

Feature capability Microsoft Dynamics 365 BC QuickBooks
Overall Functionality Very Good Good
Scalability / International Accounting Good Poor
Deployment SaaS Only. however, see business Central (on-premise) SaaS or On-Premises
Payroll Yes, Through the Apps Yes, As an Add-On
Integration Offers advanced opportunities Limited integration
Tenant Facility Offers No Provision
Reporting Very Good(web-based reporting) (Thirty party add-ons)
Security Roles & Auditing Good Poor

What is Dynamic 365 Business Central?

 

Dynamics 365 Business Central is a cloud-based business management software system that provides several features. His plans ensure more efficient business processes. As the business grows, Dynamics 365 Business can adapt to changes, giving organizations the flexibility to adjust requests to suit current business needs.

Dynamics 365 Business Central provides more than just financial needs:

★ Offer all-encompassing resources and workflows to connect all tasks in an organization,

★ integrate operations,

★ plan supply chains,

★ improve customer relationships, and

★ make decisions based on available data to accelerate development and increase revenue.

How does Dynamics 365 Business Central work?

 

The Dynamics 365 Business Central application is managed online by Microsoft and requires no software to be installed on the device. Here's how it works:

● Access a full suite of financial management tools to help businesses manage their cash flow and balance sheet.

● Use a single, integrated platform to keep up with customer relationships, including CRM and analytics, that provide insight into how customers interact with your business.

● Have full operational support from overhead to forecasted sales, workforce planning and inventory management.

 

So, is your company upgrading from QuickBooks? Consider Microsoft's Dynamics 365 Business Central software. At Great Innovus, you can always learn more from us. For more in-depth information, please contact us.

Microsoft Dynamics 365 represents ensuring generation of business applications. The Dynamics 365 branch of ERP offers two solutions, Business Center and Finance and Supply Chain Management (Finance and Operations), formerly known as NAV and AX. Both are comprehensive end-to-end ERP solutions that address complex business and operational needs. However, there is still some confusion when it comes to choosing the right Dynamics 365 solution. We thought it appropriate to provide a general overview of the capabilities of both platforms.

Microsoft Dynamics 365 Business Central

Dynamics 365 Business Central (BC) is a complete overhaul of NAV. It has all the features of NAV, but now users can choose to host their ERP solution on-premises or in the cloud. BC is suitable for small to medium local and global businesses in the Americas, Europe and Asia. It is loaded with new features and a more user-friendly interface.

 Faster implementation, lower cost of ownership, rich features and functionality, and ease of use make it an excellent ERP choice for SMBs.

Valuable Features

Industry – Trade & Distribution, Manufacturing, Professional Services.

Manufacturing Capabilities – Premium license covers service management capabilities and manufacturing capabilities.

Reporting – Embedded Power BI for rich reporting along with internal reporting tools.

Scalability– Ideal for fast-growing Small and Medium Businesses (SMBs)

Deployment  – Cloud and on-premise

Mertis of D365 Business central

● Low Cost of Ownership

● Offers a Single Source of Truth

● ERP Meets CRM in One Platform

● Warehouse and Supply Chain Management

● Flexible and Easy to Scale

● Simple Project Management    

● Seamless Integrations  

● Data Security and Compliance

Microsoft Dynamics 365 Finance & supply chain Management

Microsoft Dynamics 365 Supply Chain Management (D365 SCM) is a supply chain solution designed to advance retail, manufacturing, and supply chain processes. This solution helps you optimize your production, logistics and sales processes, making your company more resilient to shocks. With superior CRM capabilities and customization options, Dynamics 365 gives you great control over your sales process, customer satisfaction, and increased productivity.

Valuable Features

Industry – Trade & Distribution, Manufacturing, Retail, Professional Services, Public Sector.

Manufacturing Capabilities – Highly advanced manufacturing functionalities; suggested for discrete, lean, and process manufacturing companies.

Reporting – Embedded Power BI for rich reporting along with internal reporting tools.  

Scalability –  Very suitable for large companies that have the potential to grow further.

Deployment – Cloud and On-premise

Merits of D365 Finance and Supply Chain Management

●  Applications

● Real-time analytics

● Scalability

● Predictability

● Automation

● Accessibility   

● Security

● Agility

● Lowered costs with increased productivity

Choose the Right ERP for your business

D365BC is generally considered better for SMEs (Small and Medium Businesses), while D365FSCM is better for “complex or larger” organizations. This is because the two solutions have found their natural place, as evidenced by the profiles of their respective installed bases, which matches this perception.

Actually, it doesn't matter the size of your company or the number of users (in fact, there is a large overlap in the size of companies using each product).

Why Partner with Great Innovus?

As one of the leading Microsoft Dynamics partners in India, our experts have a solid understanding of the differences between Dynamics products and how they work in different industries. By reviewing your organization's specific needs, we can help you select and implement a Microsoft Dynamics solution that will deliver impactful results and improve your bottom line.
 
We are here to enable our clients to take advantage of the latest technology for the greatest possible competitive advantage. We have the expertise to recommend the best options for modernizing your business – from managed, and cloud to hybrid combinations. Every business is unique, so let's discuss the options that work best for your business.
Still not sure which ERP solution is best for your specific requirements?
If you have additional questions and would like more information on which solution to choose, please contact our team.

Introducing an intelligent ERP software for financial management can maximize profitability and help drive your business into an intelligent enterprise. Here, in this article we have discussed the due advantages of implementing Microsoft Dynamics 365 Business Central for your financial management.

Enterprise resource planning is the cornerstone of all organizations, be it enterprise level or small business. ERP software makes it easier for companies ready to face challenges and looking for ways to incorporate digital solutions into their business practices. Specifically, in the accounting and finance department, it can facilitate various modules to share information and eventually boost productivity and speed.

ERP is the backbone of the most successful organization as it has proven ways to bring transparency and streamlines operational benefits. It integrates applications from various modules into one system like project management, human resources, inventory management, finance, and accounting. Due to its immense benefits, it has undoubtedly become a part of modern businesses. Let's dive into the benefits of using an ERP solution for accounting and financial management.

● An integrated solution like ERP brings all the critical facets of the finance department into one single view. The financial team can rest assured as ERP software takes responsibility for minimizing expense overhead and improving profit margin. It helps to streamline financial operations and elevates the firm's value. 

● ERP system consists of Customer Relationship Management (CRM), which helps monitor customer payment systems and manage and track credit across departments. You can quickly eliminate multiple window modules to make payments to vendors and employees whilst driving the cost expense of all business activities.

● As more companies are thriving, they are integrating all the business modules to have a deep insight into the functionalities. Finance forecasting can be done with the help of an ERP platform. Whether planning a long-term or short project, you can forecast your financial expenditure using the ERP tool. You can have a tab on your business financial goals, from calculating budget to allocating and assessing cash flow.

● As the finance department's responsibility is to ensure the smooth functioning of financial assets, the ERP system is designed to monitor your complex monetary policies. It helps prevent fraud by accurately managing internal liabilities and your business's guidelines. In the case of small businesses, a finance manager might not be available, so the ERP system helps verify financial solutions and the company's policies and laws.

● An ERP finance module eliminates huge volumes of spreadsheet and manual work by automating data across departments. It gives faster access to confidential data by safeguarding information from potential threats. You can generate financial reports from each department and have a cash flow projection of projects. 

● With an ERP solution in place, it helps to avoid data duplicity and redundancy. It enhances data consistency throughout your accounting module by improving financial and operational activities. 

Using a Modern ERP platform for accounting and financial management guarantees real-time decision-making and improves your business's overall efficiency and security. These features allow you to address your business's financial goals necessary. Furthermore, with an ERP, you can connect with your vendors or suppliers to keep an update on the price changes and have knowledge of profit margins. In this way, it will help you to minimize bottlenecks and make an informed purchasing decision.

Key Benefits of Using MS Dynamics 365 Business Central for financial management

We discussed above how a robust ERP solution for financial management can speed up time and be a game changer for your business process. And to meet your growing business needs, the best ERP solution to take charge of the financial aspect of your business is Microsoft Dynamics 365 Business Central. It is an integrated rich finance solution for small, midsize, and enterprise-level businesses. As a user-friendly platform with unique functionalities, you must consider MS Dynamics 365 for your financial sector.

● Process efficiency is increased using Business Central as it incorporates artificial intelligence (AI) and machine learning (ML) capabilities. Data loss is prevented by automating operational efficiency and enabling actionable insights into particular financial modules of different departments. Missing data can be easily traced, and the entire spectrum's security is under a single platform's watch.

● There are journal templates that can be used for monthly accruals. You can create transaction orders and the number of times transaction order has taken place. With accrual schemes, you can easily track payment records in detail, i.e., when the payment is completed or is pending. And you can do this activity by creating a debit and credit account.

● Business Central is so intuitively built that it can integrate with your other Microsoft Applications like MS Office Suite, Power BI, and many others. 

This implies that if you have data loaded on excel sheets and manage and exercise your finance capabilities from there, it's time for you to make the shift.

● An end-to-end viewpoint is available on Business Central. Whether you want to glance at your finance and sales from the home page or take a deep dive, it gives you real-time updates using business intelligence. With centralized data, the ERP solution breaks down data silos and helps you make intelligent decisions.

● Financial forecast on revenues and expenses can be smoothly carried out using Business Central. It helps businesses to reach their financial target by using intelligent documents with mentioned due dates. Its smart notification displays will assist you in setting up a comprehensive cash flow forecast.

● As Business Central's user interface platform is like its existing Microsoft products, employees would get started immediately. It boosts employee productivity by eliminating mundane tasks and gives ample time for them to learn more from the platform. It also allows employees to share and access data when requested from the customer, which serves the business better.

● The general ledger module of Business Central helps to stay vigilant on the assets and liabilities of your business. With an in-built general ledger module, you can track and manage your transaction and analyze each year's financial quarters.

Almost all businesses have accounting software, but a functionally rich ERP software that caters to all components of the different departments is immensely beneficial. Business Central delivers robust financial solutions that can facilitate your decision and streamline your business process. Additionally, it is cloud-based. Hence you can access it from anywhere, anytime.

Grow your Business with Great Innovus

Working with Microsoft Dynamics 365 Business Central will enable your business to meet industry-specific standards. We at Great Innovus ensure you put flexibility in your business and have the edge over your competitors. We will help you by providing tailor-made solutions and assisting you through your ongoing business requirement. 

If you want to know more about the power of MS Dynamics 365 Business Central, contact us here.

Small and medium businesses (SMBs) fulfilling orders from customers on time and maintaining the market share is a significant area for technological adoption. Competing against large enterprises with the help of digital solutions has nullified the chances of disruptions and maximized better profitability. However, to do more and strategize better data-driven decisions, integrating ERP solutions in supply chain management (SCM) can help you to bring down costs, improves efficiency, ensures on-time delivery, and adds value to your business process. And there are quite a few challenges faced by SMBs that impact the SCM process; let's discuss to know about them further.

Inventory visibility issues create a major hindrance for SMBs; either there is an excess of the stock, which leads to locking of capital, or a shortage of stock which creates havoc in the supply chain. And handling customer expectations and demands become more complex to thrive in the competitive market. Manual inventory processing on excel becomes tedious and time-consuming, affecting the business's reputation; hence an efficient ERP software can help to take a real-time decision and prove visibility on end-to-end product traceability.

Small businesses allocate a periphery for the IT budget, which puts a constraint on optimizing SCM issues. The struggle to transition from disparate software solutions and applications put SMBs in a tough spot. The traditional supply chain system fails to predict demand forecasting or proper warehouse space utilization. Also, updating regulatory compliances and fluctuating customer demand is strenuous for SMBs. Hence, organizations investing in ERP systems will significantly increase efficiency and will have a better return on investment in the long term.

The relationship with suppliers is vital and can create potential conflicts if it is not efficiently managed. It is challenging to track billings, payments, and shipments without a transparent tracking system. The ERP solution can hugely improve the SCM by monitoring each feature from a centralized point of view. The software solution improves traceability for both parties. Thus, the SMBs can negotiate better and improve the accuracy of the delivered orders.

Benefits of having an ERP solution to manage your SCM

We have discussed the challenges of a fragmented supply chain and how it can slow down the business speed and improve product quality in the long run. So, a perfect balance of supply and demand, access to inventories, and the shipment cost are critical to ensure holistic growth in business processes. And this can be achieved with a sound ERP system that helps with better output delivery.

The USP of an ERP system is the complete visibility of the workflow. Financial visibility helps SMBs to understand business forecasts and allows them to make informed decisions. A consolidated view of each relevant business process streamlines the data and helps with accurate traceability.

The ERP software can easily be used for multiple purposes in an SMB setup. As SMBs are budget conscious, the ERP software is the best fit solution. A customizable dashboard can be implemented for various business purposes as and when required. So, the collaboration of ERP and SCM will take care of vendors and suppliers and optimize business processes.

The ERP solution automates demand planning and procurement of resources. A well-balanced project portfolio ensures retention of customers, manages the inventory level, and analyzes target customer behaviour and industry trends. It also helps to standardize the SCM's operational process by boosting the employees' productivity and enhancing the efficiency of SMBs.

In a supply chain that relies on stand-alone systems, tracking real-time data for projected goals is challenging. However, by implementing an ERP system with SCM, you will be able to find the necessary details to generate an in-detail report. The detailed report will highlight the business plan gap and help conduct a deeper assessment.

Finding the right ERP solution and implementing it in your business is not simple. It's not only about the technology but also the impact the new solution will have on all the areas of your business. An ERP solution that considers business performance, growth, and goals should be the perfect ERP for SMBs. And one such industry-leading cloud-based ERP solution is from Microsoft. Dynamics 365 Business Central is quite a popular and trusted ERP solution with rich functionalities designed to help SMBs accelerate business growth. MS Dynamics 365 Business Central is easily adaptable to Microsoft Cloud Services like Power BI, Office 365, and PowerApps and is available on cloud or on-premise.

Benefits of having MS Dynamics 365 Business Central for SCM

For SMBs to find ways to reduce business complexities and streamline various sales channels and warehouse locations, it is essential to have better cohesion and integration with SCM. It is imperative to keep digital solutions at the forefront to optimize operational data and maximize profitability. MS Dynamics 365 offers a robust and flexible solution to manage customer relationship management (CRM), finance and supply chain. It is an integrated platform that supports SCM functionalities and has proven capabilities to overcome supply chain disruptions and meet ever-changing consumer demand.

Analytics solutions & Insights

Disparate data is consolidated on a single system; hence data analysis becomes easy to maintain, and real-time critical data is available at various locations. Business Central helps SMBs to keep track of market trends and ensures a seamless sharing of information across departments. You can also track every stage of activities that are carried out in the supply chain.

Automated Inventory management

Insight into inventory management will help SMBs do away with manual handling of information. Business Central provides complete visibility to inventory dashboards and real-time updates and helps keep track of stock levels. Overall, it reduces expenses and creates accurate predictions on replenishment plans and inventory availability.

Fluctuating demand in Supply Chain

For SMBs, leveraging supply chain activities using Business Central during uncertain times promotes clarity and helps mitigate risk factors. It anticipates market fluctuations in supply and demand needs by addressing potential bottlenecks as well. It helps to manage the fluctuating demand from different geographical locations based on real-time insights and advanced computing.

A broad view of Warehouse & Logistics

With the help of Business Central, SMBs can get a holistic view of the warehouse to keep the margin high with minimal losses. Activities like invoice and purchase orders, tracking inventory county, and cross-docking are well-managed through Business Central solutions. It provides a robust warehouse foundation, replacing manual labour with an automated process.

Get started with Great Innovus

Microsoft Dynamics 365 Business Central is a powerful and user-friendly ERP platform for SMBs to control workflow and flexibly configure SCM into it. We at Great Innovus are passionate about taking your business challenges and resolving them by building an end-to-end ERP solution. Our team of experts is proficient at helping you achieve your goals.

 

Connect with us to know how Dynamics 365 Business Central can help your small or mid-sized business.

If as a business, you are facing any of these following problems, it is an indicator that you have outgrown your existing set of tools and are in need of a more comprehensive technology solution.

        > There is no single source of truth and your systems are in silos

        > Difficulty in handling the increased transaction and inventory volumes

        > Extensive efforts to prepare reports and requires collation of data from multiple sources

        > Involves a lot of manual intervention to complete various processes

If these challenges are overwhelming you, you are also in the company of those 54% of organizations that have challenges with process and system integration issues. This is as per a survey done by Nucleus Research. But it’sis easy to overcome the challenges, with MS Dynamics 365 Business Central solution.

Intended for SMBs seeking an all-in-one ERP solution that is easy to use, flexible, and available on cloud or on-prem, Microsoft Dynamics 365 Business Central is a powerful solution. Businesses can benefit from Dynamics 365 Business Central to connect all the systems across the organization and drive efficiency. You can easily automate all your business processes and workflows.

Known as Microsoft NAV in the past, the solution has evolved into Business Central, and offers a comprehensive solution with which you can manage your entire business from sales, service, finance, to operations.

So how can Microsoft Dynamics 365 Business Central help your Business!

 

Improve Business Agility

With MS Dynamics 365, Business Central, it is very easy to integrate your systems and eliminate data and system silos. This helps in ensuring a seamless sharing of information across different departments. With the right data available on-demand in the right format, decision makers can make quick and effective data-driven decisions to address their business priorities.

Higher Security and Scalability

Business Central is inherently modular and empowers businesses to plug and play modules as needed for them. Based on the business dynamics, they can scale the solution without having to invest in additional systems. Business central also comes with advanced security and role-based ensure high availability and data backups.

Close Connect with your Customers

Businesses need a robust system to consolidate all their customer data and access it as and when needed. Having insight into the in-depth customer data allows you to personalize your approaches to customers. Such information allows you to make informed campaign, product, and inventory decisions. Business central solutions allow you to build a stronger customer relationship, boost engagement, and drive more revenue.

Efficient Workflows

Working with custom code and workarounds with legacy systems can be cumbersome. But with Business central’s centralized integration platforms, you can minimize errors, and processing delays through automated workflows. This means, your employees don’t have to waste their time on time-consuming tasks such as data entry and coordination.

Choosing the right partner

Understanding the benefits and possibilities of Microsoft Dynamics 365 Business Central in the context of your business is only the start of it. It is important to identify the right technology partner who can make the system work for you.

How Great Innovus helps you in this journey

At Great Innovus, we have been working with customers across industries to build Business central based solutions to address complex business challenges and deliver productivity. Our in-house experts are adept at providing solutions for building/migrating end-to-end ERP and CRM solutions. We also partner with SMBs on the journey towards digital transformation and transform their vision into reality.

Look no further to engage with your trusted partner for your business integration. We are just a click away!

Also learn more about Microsoft Dynamic 365 Business central

Microsoft Dynamics 365 Business Central (Everything you need to know anytime and anywhere!)

Dynamics 365 view of your business​​ 

Microsoft Dynamics 365 Business Central is a management software suitable for small and medium-sized companies, allowing customization according to the company's department and scale. It also allows you to add new features based on the development of your organization and its growing needs. Microsoft Dynamics 365 Business Central is a global solution that uses Microsoft Azure to integrate different areas of business into a single platform in the cloud to achieve full mobility.

In addition to optimal productivity, you can seamlessly integrate with Office 365, CRM for Sales, Power BI, and other Dynamics 365 applications through Microsoft's global integration. 

ERP Dynamics 365 Business Central can improve and automate all company processes and help optimize all processes to achieve better results.

 What is the Microsoft Dynamics 365 business Central?

Dynamics 365 Business Central is a business management solution for small and medium enterprises that can  optimize and simplify all business processes. Compared with its predecessor, Navision (Dynamics NAV), it also provides complete visual changes, making the user experience more flexible and complete.

Business Central is seamlessly integrated with CRM for Sales and Microsoft's CRM, providing a 360-degree view of the business and facilitating decision-making.

Another advantage of it is customization because it allows the management software to be expanded and adjusted according to the needs of each customer, and adapted to the characteristics and particularities of each activity department.

The Microsoft Ecosystem

Learn about the Microsoft stack

From familiar Office 365 solutions to Power Platform, Business Central has a wealth of wonderful products. Microsoft has invested heavily in the “stack” of its integrated products, which means that Business central  purchase orders can be created in Outlook and Power BI charts that appear in your Business Central role center. No other ERP on the market is surrounded by such an infrastructure, and we are very excited about future products!

How can I extend my Business Central solution?

Dynamics 365 Business Central is a flexible and feature-rich ERP solution. In addition to standard functions, you can also add additional functions to Business Central in areas that your business needs. Add Jet Reports for powerful organization-wide reports, Continia Document Capture to automate your AP process, Tasklet Factory to move your warehouse, just to name a few!

Dynamics 365 business center services

At Great Innovus, we have a team of experienced Dynamics 365 Business Central consultants who use Dynamics 365 Business Central and your business practices to improve your productivity and collaboration. From Dynamics 365 Business Central pricing and licensing to support and maintenance, migration to upgrades, our dedicated Dynamics 365 Business Central consultants can help you get the best efficiency through the Dynamics 365 Business Central system.

Why choose Great Innovus as your Microsoft Dynamics 365 Business Central partner?

As a well-known Dynamics 365 Business Central partner, Great Innovus has the expertise to handle the old version of Dynamics NAV. Our experienced Dynamics 365 consultants will assist you in taking advantage of the features of Microsoft Dynamics 365 Business Central while optimizing your business to provide excellent results.

❖ Trusted Dynamics 365 Business Central partner

❖ Microsoft Business Center Practice Expert

❖ Previous experience using Dynamics 365 Business Central

❖ Multiple business center implementation packages-quick start, quick and advanced models

❖ Cost-effective implementation method

❖ Certified business center professionals with more than 5+ years of experience

❖ Stellar customer reference