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The Role of Industry-Specific Customizations in Microsoft Dynamics 365 Business Central in 2023

March 9, 2023 | Digital Transformation, Microsoft Dynamic 365, Technology | No Comments

Introduction

 

In today's fast-paced business environment, companies need to adapt quickly to changing market conditions and customer demands. One of the most critical aspects of business agility is having software that can keep up with evolving business requirements. Microsoft Dynamics 365 Business Central is a powerful business management solution designed to help companies streamline their operations and make better decisions. In this blog post, we will explore the role of industry-specific customizations in Microsoft Dynamics 365 Business Central in 2023.

What is Microsoft Dynamics 365 Business Central?

 

Microsoft Dynamics 365 Business Central is an all-in-one business management solution that helps small and medium-sized businesses manage their finances, operations, sales, and customer service. The solution integrates with other Microsoft products such as Office 365, Power BI, and Power Apps, enabling businesses to leverage existing investments and drive productivity.

 

Business Central is designed to be flexible and scalable, allowing companies to customize the solution to meet their specific business needs. The solution also includes a wide range of pre-built integrations with other third-party applications, such as Shopify, PayPal, and Dynamics 365 Customer Service, making it easy to expand the functionality of the system as the business grows.

Industry-Specific Customizations in Microsoft Dynamics 365 Business Central

 

While Business Central provides out-of-the-box functionality for various industries, it is essential to tailor the solution to meet specific business needs fully. Industry-specific customizations can help companies optimize their operations and make better decisions. For example, a manufacturing company might need a custom-built production module to manage their production processes, while a retail company might require a custom point-of-sale (POS) system to manage their sales transactions.

 

In 2023, we expect to see an increase in demand for industry-specific customizations in Business Central as businesses look to gain a competitive advantage in their respective industries. With the increasing availability of cloud-based services, businesses can now access these customizations through a subscription model, making it more cost-effective and easier to implement.

Also, Read: How Microsoft Dynamics 365 Business Central Can Help Your Business

Benefits of Industry-Specific Customizations

 

Customizations in Microsoft Dynamics 365 Business Central can provide several benefits for businesses, including:

 

Enhanced Efficiency: Industry-specific customizations can streamline business processes, reducing manual labor and increasing efficiency. For example, a custom-built module for a manufacturing company can automate the production planning process, reducing the time and effort required to plan and schedule production.

 

Improved Decision Making: Customizations can provide businesses with access to the data they need to make informed decisions. For example, a custom-built dashboard can provide retailers with real-time sales data, enabling them to make data-driven decisions on inventory management and pricing.

 

Competitive Advantage: Industry-specific customizations can provide businesses with a competitive advantage by offering unique features and functionality that their competitors do not have. For example, a custom-built POS system can provide retailers with a personalized shopping experience, increasing customer satisfaction and loyalty.

Conclusion

 

In conclusion, Microsoft Dynamics 365 Business Central is a powerful business management solution that provides businesses with the tools they need to optimize their operations and make better decisions. Industry-specific customizations can further enhance the functionality of the solution, providing businesses with a competitive advantage in their respective industries. As we move into 2023, we expect to see an increase in demand for industry-specific customizations as businesses look to streamline their operations and gain a competitive edge.

Also, Read: 4 reasons for SMBs to choose MS Dynamics 365 Business Central for supply chain

Maximizing the Potential of Dynamics 365 Business Central through Customization with Great Innovus

 Dynamics 365 Business Central is a powerful ERP system that can handle a wide range of business functions. However, every business is unique, and there may be specific requirements that are not covered by the out-of-the-box functionality. Great Innovus can help businesses customize Dynamics 365 Business Central to meet their specific needs.

This can involve developing custom modules and workflows that integrate seamlessly with the existing system. For example, a business may need a custom workflow for handling purchase orders or inventory management. Great Innovus can work with the business to understand their requirements and develop a customized solution that meets their needs.

 

Another aspect of customization is integrating third-party applications. Many businesses use other software tools, that need to work seamlessly with Dynamics 365 Business Central. Great Innovus can help businesses integrate these applications with Dynamics 365 Business Central, ensuring a seamless flow of data between systems.

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By Great Innovus

Transforming your Food & Beverage (F&B) business with Dynamics ERP system and E-Commerce Integration

February 9, 2023 | ERP, Food and Beverages Industry, Microsoft Dynamic 365 | No Comments

As the food industry continues to grow, the importance of having a reliable and efficient system for managing your operations has never been greater. With the rise of e-commerce and online ordering, it’s essential that food businesses have a platform that can keep up with the changing demands of the market.

 

This is where Dynamics ERP software comes in. By integrating e-commerce with your system, you can streamline your operations and provide your customers with a seamless online ordering experience.

In this blog, we’ll take a closer look at why switching to an integrated e-commerce system is essential for the growth and success of your food business.

Improved Customer Experience

One of the biggest benefits of integrating e-commerce with your Dynamics ERP software is the improved customer experience. With the ability to place orders and track their progress in real-time, customers are able to get the information they need at their fingertips. This not only helps to build trust and loyalty with your customers, but it also leads to a more efficient ordering process and increased sales.

Efficient Order Processing

Another key benefit of integrating e-commerce with your ERP system is improved order processing. By having all of your customer, inventory, and order information in one place, you can quickly and easily process orders and manage your inventory levels. This helps to minimize errors, reduce waste, and increase efficiency in your operations.

Reduced Costs

Integrating e-commerce with your Dynamics ERP software also has the potential to reduce your costs. By automating manual processes and reducing the need for manual data entry, you can save time and reduce the risk of errors. Additionally, by having real-time visibility into your inventory levels and customer orders, you can make more informed decisions about your operations and reduce the cost of waste and overstocking.

Improved Data Management

With an integrated e-commerce system, you’ll have access to more accurate and up-to-date information about your customers, inventory, and sales. This can help you make more informed decisions about your operations and improve your overall business performance. Additionally, by having all of your data in one place, you can quickly and easily run reports and track your progress over time.

Increased Sales

By providing your customers with a seamless online ordering experience, you can increase your sales and grow your business. With the ability to place orders 24/7 and track their progress in real-time, customers are more likely to return to your business and recommend it to others. Additionally, by having an integrated e-commerce system, you can easily manage promotions, discounts, and other sales strategies to drive growth.

The Benefits of Integrating E-commerce with Dynamics ERP Software for Your Food Business

Scalability: An integrated e-commerce system is scalable and can grow with your business. As your business expands, your system will be able to accommodate new customers, new products, and increased sales volume.

Inventory Management: With an integrated e-commerce system, you can manage your inventory levels in real time. This helps to ensure that you never run out of stock, and also reduces the cost of overstocking.

Mobile Compatibility: An integrated e-commerce system is optimized for mobile devices, which is important given the increasing number of customers who prefer to shop and place orders on their smartphones and tablets.

Customer Segmentation: An integrated e-commerce system allows you to segment your customer base and tailor your marketing strategies to specific groups. This can help to improve the relevance of your promotions and increase the effectiveness of your marketing campaigns.

Integration with Other Systems: Dynamics ERP software can be easily integrated with other systems, such as accounting, logistics, and shipping, which helps to streamline your operations and reduce the risk of errors.

User-Friendly Interface: The user-friendly interface of Dynamics ERP software makes it easy for your employees to use, even if they have limited technical skills. This helps to minimize the learning curve and get your employees up and running quickly.

Secure Data: An integrated e-commerce system is secure, and your data is protected with the latest security protocols. This helps to ensure that your customer information, sales data, and other sensitive information are protected from theft or unauthorized access.

Customizable: Dynamics ERP software is customizable and can be tailored to meet the specific needs of your business. This helps to ensure that your system is optimized for your operations and provides the functionality that you need to succeed.

Wrapping Up

Switching to an integrated e-commerce system with Dynamics ERP software is a smart choice for any food business looking to streamline their operations and provide a better customer experience. With the ability to improve order processing, reduce costs, improve data management, and increase sales, this platform has the potential to take your business to the next level. So why wait? Start exploring your options and see how integrating e-commerce with your Dynamics ERP software can benefit your business today!

Get the Most Out of Your Dynamics ERP with Great Innovus


Great Innovus is a leading provider of technology solutions for the food and beverage industry. They specialize in providing innovative and effective solutions for businesses of all sizes in this industry, including Dynamics ERP software.

The company offers a range of services and support to help businesses in the food and beverage industry maximize the benefits of integrating e-commerce with their Dynamics ERP software. These services include:

Consultation and Analysis: Great Innovus provides expert consultation and analysis to help businesses determine the best solutions for their specific needs. They work with businesses to understand their operations, goals, and challenges, and recommend the best solutions to meet those needs.

Implementation: Great Innovus provides expert implementation services to help businesses integrate e-commerce with their Dynamics ERP software. They work with businesses to ensure that their systems are set up correctly and efficiently, and that they are getting the most out of their investment.

Training and Support: Great Innovus provides comprehensive training and support services to help businesses get the most out of their e-commerce and Dynamics ERP software systems. They offer training sessions and ongoing support to ensure that businesses are able to use their systems effectively and efficiently.

Customization: Great Innovus provides customization services to help businesses tailor their e-commerce and Dynamics ERP software systems to meet their specific needs. They work with businesses to develop custom solutions that are optimized for their operations and provide the functionality that they need to succeed.

By providing these services and support, Great Innovus helps businesses in the food and beverage industry to optimize their operations, reduce costs, increase sales, and grow their business. If you're looking for a reliable and experienced partner for your Dynamics ERP software needs, Great Innovus is the company for you.

Connect with Us to Reveal the Profitability

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By Great Innovus

Why Your Business Should Make the Switch from Dynamics AX to Dynamics 365 Finance and Operations (F &O)

January 17, 2023 | Digital Transformation, Microsoft Dynamic 365, Technology, Trends | No Comments

When it comes to migrating from Dynamics AX to Dynamics 365 Finance and Operations (F&O), working with a Microsoft partner can provide a number of benefits. These partners have years of experience and have encountered a wide range of risks and errors during migration projects, and they know how to address and resolve them.

There are several reasons why businesses are moving from Dynamics AX to Dynamics 365 F&O. Here are a few of the most common: 

 

Cost Saving: Dynamics 365 F&O can help businesses reduce the total cost of ownership (TCO) for their ERP system. This can be achieved through a variety of means, such as reduced licensing costs and the ability to scale up or down as needed.

 

Improved performance: Dynamics 365 F&O offers a number of features that can help businesses improve their performance, such as advanced analytics and robotic process automation. These tools can help businesses make better decisions and operate more efficiently.

 

Time-to-value acceleration: Migrating to Dynamics 365 F&O can help businesses get up and running with the new system more quickly, which can lead to faster value realization.


Continued support: Microsoft will no longer provide support for all versions of Dynamics AX after certain dates (see below). Migrating to Dynamics 365 F&O ensures that businesses will continue to receive support and updates from Microsoft.

Cloud-based solution: Dynamics 365 F&O is a cloud-based solution, which can provide a number of benefits, such as improved security, better scalability, and the ability to access the system from anywhere with an internet connection.


Upgrading to Dynamics 365 Finance and Operations offers several benefits, including

♦  Reduced risks associated with legacy systems


♦ Seamless and smooth transition to a cloud-based solution


♦ Industry-specific solutions for business needs


♦ Robust and in-depth analysis is driven by artificial intelligence


There are many reasons why businesses are moving from Dynamics AX to Dynamics 365 F&O. Whether it’s to save costs, improve performance, or take advantage of the latest features, this transition can provide numerous benefits for companies of all sizes.

Five steps to help you successfully upgrade to Dynamics 365

If you are ready to upgrade or would like to explore the next steps, we have curated a 5-step guide below for seamlessly upgrading from Dynamics AX to Dynamics 365.


Review your current Dynamics AX system:
Before beginning the upgrade process, it’s important to thoroughly review your current system to determine your specific update requirements. This includes reviewing the transition of licenses, budgeting, and functional and technical recommendations.


Determine implementation options and risks: 

After reviewing your current system, your implementation team should propose the next steps for the upgrade. This should include an upgrade review that covers the necessary architecture configuration, customizations, and interfaces, as well as a statement of work to guide the upgrade process.


Initiate the upgrade process: 

Once the review and planning stages are complete, it’s time to start the actual upgrade process. This includes code migration and data migration, as well as code refactoring and reconfiguration of development and security roles.


Test and train: 

Before going live with Dynamics 365, it’s important to test the system to ensure that all interfaces and components are functioning properly. User acceptability testing can also help assess the system’s readiness, and employee training can improve change management.


Implement and provide post-implementation support:

Once the testing and training stages are complete, it’s time to go live with Dynamics 365. However, you may still need additional support

Microsoft partner supporting the migration from Dynamics AX to Dynamics 365 Finance and Operations

When it comes to migrating from Dynamics AX to Dynamics 365 Finance and Operations (F&O), working with a Microsoft partner can provide a number of benefits. These partners have years of experience and have encountered a wide range of risks and errors during migration projects, and they know how to address and resolve them.

 

Internal teams may also be able to handle the migration process, but doing so can be time-consuming, as it requires dedicated resources to study the proposed application and its technicalities. If errors are discovered during the integration process, it can be challenging for engineers to figure out a solution and apply it. This can be particularly risky for teams with limited experience in application migration.

 

On the other hand, Microsoft implementation partners have the expertise and resources to ensure a smooth and successful migration. They can help you navigate the process and minimize the risks involved.

 

Hiring a Microsoft partner for your Dynamics AX to F&O migration can also provide access to customized solutions that meet the specific needs of your business. For example, Great Innovus is a Microsoft partner that offers on-demand services and customization options. They can help you migrate to the cloud and provide ongoing support as needed.

 

Working with a Microsoft partner can provide peace of mind and help ensure that your Dynamics AX to F&O migration goes as smoothly as possible.

One step closer to your Dynamics AX to Finance and Operations migration partner-Great Innovus

If you’re considering a migration from Dynamics AX to Dynamics 365 Finance and Operations (F&O), Great Innovus is a Microsoft partner that can help you every step of the way.

 

Great Innovus is a leading provider of Microsoft Dynamics 365 solutions, with a team of experts who have extensive experience in the field. As a Microsoft partner, they have the resources and expertise to ensure a smooth and successful migration from Dynamics AX to F&O.

 

One of the key benefits of working with Great Innovus is its commitment to customization. They understand that every business is unique, and they work closely with their clients to provide customized solutions that meet their specific needs.

 

Great Innovus is dedicated to providing excellent customer service. They offer on-demand support, so you can get the help you need whenever you need it. This can be particularly helpful during the migration process, as it can be a complex and time-consuming undertaking.

 

Great Innovus is a reliable and trustworthy partner that can help you migrate from Dynamics AX to F&O smoothly and successfully. Reach out to their team to learn more about their services and how they can help you make the most of your Dynamics 365 investment.

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By Great Innovus

Navigating the Food Industry Trends of 2023 with Microsoft Dynamics Business Central

January 4, 2023 | Food and Beverages Industry, Microsoft Dynamic 365, Technology, Trends | No Comments

In the rapidly evolving food industry, it is important for companies to stay up-to-date on the latest trends in order to remain competitive. Some key trends to pay attention to in 2023 include the continued growth of plant-based protein, the importance of sustainability, the rise of alternative proteins, the growth of online grocery shopping, and the need for traceability. Microsoft Dynamics Business Central helps food companies navigate these trends and challenges by providing a comprehensive business management solution. With features such as improved efficiency, enhanced traceability, greater agility, and enhanced collaboration, Dynamics Business Central can help food companies stay ahead of the curve and thrive in a competitive market.


Food industry trends are constantly evolving, and it is important for companies to stay up-to-date in order to remain competitive. Here are some key trends that food companies should pay attention to in 2023:

Plant-based proteins will continue to gain popularity

Plant-based protein sources, such as beans, lentils, and tofu, have been gaining popularity in recent years due to their perceived health benefits and environmental sustainability. This trend is expected to continue, with the plant-based meat market expected to reach $85 billion by 2030. Food companies that can offer high-quality plant-based protein products will be well-positioned to capitalize on this trend.


Sustainability will be a major focus

Consumers are increasingly concerned about the environmental impact of their food choices and are looking for brands that prioritize sustainability. This includes reducing food waste, using eco-friendly packaging, and sourcing ingredients locally. Food companies that can demonstrate a commitment to sustainability will be better able to attract and retain customers.


The rise of alternative proteins

In addition to plant-based proteins, alternative protein sources such as insects, algae, and lab-grown meat are starting to gain mainstream acceptance. These protein sources offer potential environmental and health benefits, as well as being more sustainable than traditional animal agriculture. Food companies that can offer innovative alternative protein products will be well-positioned to tap into this growing market.


The growth of online grocery shopping

The pandemic has accelerated the trend of online grocery shopping, and it is expected to continue in the coming years. This shift presents both opportunities and challenges for the food industry, as companies will need to adapt to new distribution channels and consumer habits. Food companies that can effectively leverage online channels will be better able to reach and engage with customers.


The importance of traceability

With the global supply chain becoming increasingly complex, traceability will become increasingly important for food companies. Consumers want to know where their food is coming from, how it was produced, and whether it meets certain standards (e.g. organic, fair trade). Food companies that can provide transparency and traceability will be better able to build trust with customers.


How Microsoft Dynamics Business Central helps food companies

Microsoft Dynamics Business Central helps food companies navigate these trends and challenges by providing a comprehensive business management solution. Some of the key benefits of using Dynamics Business Central include:

Improved efficiency

Dynamics Business Central can help streamline operations, reducing the time and resources needed to manage key business processes. This can include automating tasks such as invoicing, inventory management, and order processing.


Microsoft Dynamics Business Central helps food industries improve efficiency by streamlining operations and automating key business processes. Some specific ways that Dynamics Business Central helps food industries improve efficiency include:


Inventory management: Dynamics Business Central offers robust inventory management capabilities, allowing companies to track and manage their inventory in real time. This can help food industries avoid running out of stock, reduce waste, and lower storage costs.


Order processing: The platform's order processing features can help food industries automate and streamline the process of taking orders, ensuring that orders are fulfilled accurately and efficiently.


Invoicing: Dynamics Business Central offers tools for automating the invoicing process, reducing the time and resources needed to create and send invoices.


Production management: The platform offers tools for managing and optimizing production, including the ability to track and manage production orders, materials, and capacity.

Enhanced traceability

The platform offers robust supply chain and inventory management capabilities, making it easier to track the origin and movement of goods. This can help food companies meet traceability requirements and provide transparency to customers.


Some specific ways that can Dynamics Business Central help food industries improve traceability include:

Supply chain management: The platform offers tools for tracking the origin and movement of goods through the supply chain, helping food industries ensure that they are sourcing ingredients from reputable suppliers and meeting traceability requirements.


Inventory management: Dynamics Business Central allows companies to track and manage their inventory in real time, making it easier to trace the movement of goods through the supply chain.


Quality control: The platform offers tools for managing quality control processes, including the ability to track and manage quality issues and recalls.


Customer tracking: Dynamics Business Central allows companies to track customer orders and preferences, helping to build trust and improve the customer experience.

Greater agility

Dynamics Business Central allows companies to quickly adapt to changes in the market, such as shifts in consumer demand or new regulations. The platform offers tools for tracking and analyzing key performance indicators, which can help companies make informed decisions and respond to changing market conditions.


Microsoft Dynamics Business Central helps food industries increase agility by providing tools for tracking and analyzing key performance indicators, and by allowing companies to quickly adapt to changes in the market. Some specific ways that Dynamics Business Central can help food industries increase agility include:


Real-time data: The platform offers real-time data and analytics tools, allowing food industries to track and analyze key performance indicators in real time. This can help companies identify trends and issues, and make informed decisions based on accurate and up-to-date information.


Customization: Dynamics Business Central allows companies to customize the platform to meet their specific needs and processes, helping to increase agility and adaptability.


Scalability: The platform is scalable, allowing food industries to easily expand or adjust their operations as needed to meet changing market conditions.


Integration: Dynamics Business Central can be easily integrated with other systems and applications, allowing food industries to seamlessly share data and work across departments and teams.

Enhanced collaboration

The platform offers tools for collaboration and communication across teams, helping to improve communication and decision-making. This can be especially important in the fast-paced and rapidly changing food industry.


Some specific ways that Dynamics Business Central helps food industries enhance collaboration include:


Project management: The platform offers project management tools, allowing food industries to coordinate and track the progress of projects across teams and departments.


Team communication: Dynamics Business Central offers tools for team communication, such as chat and messaging functions, which can help teams stay connected and work together more effectively.


File sharing: The platform allows teams to easily share documents and files, improving communication and reducing the risk of errors or misunderstandings.


Data sharing: Dynamics Business Central can be integrated with other systems and applications, allowing teams to share data and work seamlessly across departments and teams.

Final Thought
the food industry is constantly evolving, and companies must stay up-to-date on the latest trends in order to remain competitive. Some key trends to pay attention to in 2023 include the continued growth of plant-based protein, the importance of sustainability, the rise of alternative proteins, the growth of online grocery shopping, and the need for traceability. Microsoft Dynamics Business Central can help food companies navigate these trends and challenges by providing a comprehensive business management solution. With features such as improved efficiency, enhanced traceability, greater agility, and enhanced collaboration, Dynamics Business Central can help food companies stay ahead of the curve and thrive in a competitive market. By leveraging the advanced features and capabilities of the platform, food companies can improve efficiency, enhance traceability, increase agility, and strengthen collaboration, ultimately driving better business results.

How Great Innovus Can Help

At Great Innovus, we have a team of experienced professionals who are experts in implementing and customizing Dynamics 365 Business Central for food and beverage businesses. We work with our clients to understand their unique needs and challenges and help them leverage the software to streamline their operations and improve efficiency.

 

As a leading provider of business solutions, we understand the unique challenges and opportunities faced by food and beverage businesses. One way we help our clients transform their operations is through the use of Dynamics 365 Business Central, a cloud-based software solution that provides a range of tools and features designed specifically for the industry.

 

In addition to implementation and customization services, we also offer ongoing support and training to ensure that our clients are able to make the most of their investment in Dynamics 365 Business Central.

 

Great Innovus and Dynamics 365 Business Central can help transform your food and beverage business by streamlining and automating processes, providing real-time visibility, and enhancing collaboration and communication. With its powerful cloud-based technology, you can take your business to the next level and achieve greater success.

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By Great Innovus

A Steps to Take for a Successful ERP Implementation for Small Business

December 6, 2022 | Digital Transformation, Microsoft Dynamic 365, Technology | No Comments

When your company's basic finances and operations are no longer adequate, it may be time to implement a modern enterprise resource planning (ERP) system.


As new ERP features and applications are continuously developed, it is important to evaluate your options. Plus, in this competitive environment, chances are your peers are already updating their ERP systems, and you want to stay relevant.

 

What is an ERP system?

ERP is enterprise management software that enables organizations to use integrated application systems to manage and integrate a company's financial, supply chain, operations, reporting, manufacturing, and human resource activities.

Now that you understand what an ERP system is, learn five steps you can take to implement a better solution for your business. 

 

Determine the limitations of the current system

Here are three signs that it may be time to replace legacy systems and implement new software:

 

Growth Cap

As you grow, add more people, customers, and business processes, or enter new lines of business or markets, are your current systems keeping up with you? An ERP solution should enable your business to scale while operating and maintaining day-to-day business processes.


Lack of Insight

While ERP software provides real-time visibility across the organization and insight into the industry landscape, many companies still opt for legacy software that operates independently of other systems. This may lead to different departments fighting in isolation. Software that connects all disparate systems while providing data analytics and business insights is a win-win that delivers productivity, growth and competitive advantage.

 

Expensive Legacy Systems

 Most companies take a hard look at what they are paying for their current ERP deployment fees and maintenance.

While aware of the hard costs, most don't understand the pros and cons of each deployment option, whether it's an on-premises, cloud or hosted ERP solution. It may be time to think carefully about whether to move to the cloud, keep things on-premises, or invest in a combination of the two.

Tip

Many companies think they need to do a complete ERP overhaul and get rid of the systems they currently use, but that's not the case. An ERP system can be the sum of many applications and extensions. So if you don't currently have a system that allows you to maintain your workflow and add new ones, look for software that does.


Remember what an ERP system should provide

Let's start with the specifics of ERP. Here are some basic components that any legacy ERP system should have:

Financial Management:

In addition to helping you comply with government regulations, your system should provide accurate data and analytics to keep you on top of your budget, including multi-currency management, cash flow management, and banking transactions.


Manufacturing:

 This capability is designed to give manufacturers access to real-time data to optimize production planning, project and cost management. ERP manufacturing should also provide the ability to manage resources and meet customer needs. 


Supply chain

As the days of manually entering information and conducting physical counts are a thing of the past, this capability should improve warehouse and inventory management and give companies better visibility into their products and integrated logistics. 


Discover what a modern ERP system can offer

Modern ERP systems offer built-in intelligence to guide users to the best possible outcome. They also scale with your business as you expand into other markets and help keep customer and company data safe. Additionally, modern ERP platforms better meet your business needs by offering more cost-effective customization options. This means it can work with your legacy systems, but also scale your day-to-day processes as you grow. Some other resource scheduling tools it offers may help you:

 

♦ Improve productivity.

♦ Take control of financial management.

♦ Provide better customer service.

♦ Help with human resource management.

♦ Simplify project management requirements.

♦ Improve supply chain and operations management. 

♦ Make better decisions with business intelligence and AI.

 

Global ERP also has its advantages. It simplifies all these essential financial and operational functions and helps you maintain standard business processes that help you reach new markets and do business globally. Globally, ERP systems provide the following tools:

 

* Helps collaborate in your virtual organization.

* Support for new locations allows you to easily expand into new markets.

* Standardize on a single ERP solution and help simplify your IT environment.

 

Create a game plan

It can be overwhelming when you're considering implementing a brand-new system or knowing what to add or remove from a system you already have. The better your plan, the smoother your upgrade or replacement of your legacy system will go. Start with these three steps:

 

To create a wish list:

Take note of the ERP features you already use. Even if it's just a simple financial and inventory tracking system. Now list the features you want or need. Now that you have some options and ideas, you can also investigate more specialized features, such as adding pre-built apps or creating custom apps.

 

Set a budget:

Now that you have created your wish list, the next step is to set a budget. As with buying a new car, you should know whether your budget allows for a used or new car. Knowing this can help you focus on the systems and features you should be looking for. Start with the cost of supporting and maintaining your system, then look for hidden fees.

 

Don't be afraid to ask questions:

Don't settle for a one-size-fits-all solution. Make sure the solution you're looking for matches your unique business needs. If you're looking to move from on-premises to the cloud but have security concerns, find a technology partner to help you address them.

 

Choose your technology partner

The most important part of implementing a new system is the technology partner you choose. If you get it right, it could be heaven for an ERP race, and hopefully, they'll be your partner until the system cuts you apart.

Support is key to success when implementing an ERP system, so you need to choose the right partner and have the support of a knowledgeable and responsive team of experts right from the start – for as long as you need it.

 

Greatinnovus is one of the most knowledgeable Microsoft ERP platform partners in the US and India when it comes to the Dynamics 365 Business Central experience.

 

If you are considering implementing an ERP system and would like to speak with a trusted partner, please contact the Great Innovus team. 

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By Great Innovus

Why should choose Microsoft Dynamics 365 Business Central as your ERP – Great Innovus

September 12, 2022 | Digital Transformation, Microsoft Dynamic 365, Technology | No Comments

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].

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By Great Innovus

ERP software vs accounting software: Key differences & improve your business efficiency with the right software

September 1, 2022 | Digital Transformation, Microsoft Dynamic 365, Technology, Trends | No Comments

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

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By Great Innovus

Why Dynamic 365 Business Central is the best alternative to Quickbooks

August 10, 2022 | Digital Transformation, Microsoft Dynamic 365 | No Comments

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.

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By Chandrasekhar S