Tag Archive : ERP Solution

/ ERP Solution

How Dynamics 365 is Revolutionizing Food and Beverage Supply Chain Management

March 29, 2023 | Food and Beverages Industry, Microsoft Dynamic 365, Technology | No Comments

The food and beverage industry is one of the largest and most complex industries in the world, and managing the supply chain can be a daunting task. With the advent of technology, however, it is now possible to streamline the supply chain process and make it more efficient. One such technology is Dynamics 365, a cloud-based business application platform that is revolutionizing the food and beverage supply chain management process.


In this blog post, we will take a closer look at how Dynamics 365 is revolutionizing the food and beverage supply chain management process and what benefits it offers to businesses in this industry.

Revolutionizing Food and Beverage Supply Chain Management with Dynamics 365: Benefits and Advantages


1 Real-Time Visibility

One of the key benefits of using Dynamics 365 for supply chain management is real-time visibility. With Dynamics 365, businesses can get real-time data on inventory levels, production schedules, and order fulfillment, which helps them make informed decisions about inventory management, production planning, and customer service. Real-time visibility also enables businesses to quickly identify and resolve any issues that may arise, ensuring that they can meet customer demand and maintain a competitive edge.

 

2 Integrated Operations

Another major advantage of Dynamics 365 is its ability to integrate all aspects of supply chain management into a single platform. This includes procurement, production, inventory management, logistics, and distribution. By integrating all these operations into a single platform, businesses can streamline their processes and reduce the risk of errors and delays that can occur when different departments use different systems.

 

3 Improved Collaboration

Dynamics 365 also promotes collaboration across different departments and stakeholders in the supply chain. With Dynamics 365, businesses can easily share data, communicate with suppliers, and track shipments, ensuring that everyone is on the same page and working towards the same goals. Improved collaboration leads to increased efficiency and productivity, reduced costs, and improved customer service.


4 Enhanced Customer Service

Dynamics 365 also helps businesses provide better customer service by enabling them to track customer orders and shipments in real-time. This means that businesses can quickly respond to customer inquiries and provide accurate delivery dates, which enhances the customer experience and builds customer loyalty. Dynamics 365 also provides businesses with valuable data on customer behavior and preferences, which can be used to improve product offerings and marketing strategies.

 

5 Data Analytics and Insights

Finally, Dynamics 365 provides businesses with powerful data analytics and insights that can be used to optimize supply chain management processes. With Dynamics 365, businesses can track key performance indicators (KPIs) such as inventory turnover, order fulfillment rates, and production efficiency. This data can then be used to identify areas for improvement, reduce waste and inefficiencies, and enhance overall performance.

 

******************************************************************************************************************************

Explore more about How Microsoft Dynamics 365 Business Central Can Help Your Business-Great Innovus

******************************************************************************************************************************

6 Traceability and Compliance

Dynamics 365 offers advanced traceability and compliance features that are crucial for the food and beverage industry. With Dynamics 365, businesses can track every step of the supply chain process, from the source of raw materials to the final product delivery. This allows businesses to ensure that they are meeting regulatory requirements, such as FDA regulations for food safety, and maintain quality control.

 

7 Predictive Maintenance

Dynamics 365 also offers predictive maintenance capabilities that help businesses maintain their equipment and facilities. By analyzing data on equipment performance and usage, Dynamics 365 can predict when maintenance is needed, preventing costly downtime and reducing the risk of equipment failure. This is particularly important in the food and beverage industry, where equipment downtime can result in spoilage or loss of product.

 

8 Automated Workflows

Another key benefit of Dynamics 365 is its ability to automate workflows, reducing the need for manual intervention and minimizing the risk of errors. With Dynamics 365, businesses can automate tasks such as purchase orders, inventory management, and production scheduling, saving time and increasing efficiency. This also helps to free up staff for more strategic tasks, such as developing new products and improving customer service.

9 Cloud-Based Platform

Dynamics 365 is a cloud-based platform, which means that businesses can access it from anywhere, at any time. This is particularly useful for the food and beverage industry, where supply chain management can involve multiple locations and partners. With Dynamics 365, businesses can collaborate with suppliers, distributors, and other stakeholders in real-time, ensuring that everyone is on the same page.

 

10 Scalability

Finally, Dynamics 365 offers scalability, which means that businesses can easily adapt to changes in demand, production, and distribution. As businesses grow, they can add new features and functionality to Dynamics 365, ensuring that the platform can meet their evolving needs. This helps to future-proof the business and ensure that it can continue to meet customer demand and maintain a competitive edge.

Wrapping Up

Dynamics 365 is revolutionizing the food and beverage supply chain management process. With its real-time visibility, integrated operations, improved collaboration, enhanced customer service, data analytics and insights, traceability and compliance, predictive maintenance, automated workflows, cloud-based platform, and scalability, Dynamics 365 offers a comprehensive solution for managing the complexities of the food and beverage supply chain. By using Dynamics 365, businesses can optimize their supply chain processes, reduce costs, and enhance customer service, which in turn helps them to stay competitive and grow their business. The food and beverage industry is rapidly evolving, and Dynamics 365 is a powerful tool that can help businesses keep up with these changes and succeed in this dynamic and challenging environment.

 

******************************************************************************************************************************

Explore more about :
Maximize efficiency and ensure compliance in the food and berverage industry with Microsoft Dynamics 365 Business Central

******************************************************************************************************************************

Transforming Food and Beverage Supply Chain Management with Dynamics 365 Implementation and Support by Great Innovus 

 

Great Innovus is a software consulting and development company that specializes in Dynamics 365 implementation and support. They play a crucial role in supporting the revolutionization of food and beverage supply chain management through their expertise and experience in implementing Dynamics 365 for the food and beverage industry. Here are some ways that Great Innovus can support businesses in this industry:

 

Implementation

Great Innovus can help businesses in the food and beverage industry implement Dynamics 365 for their supply chain management needs. They have a team of experts who are experienced in customizing Dynamics 365 to meet the unique requirements of businesses in this industry. This includes configuring workflows, creating custom reports, and integrating Dynamics 365 with other business systems.

 

Training

Great Innovus can also provide training for businesses on how to use Dynamics 365 for supply chain management. This includes training on how to use the various features and functionality of Dynamics 365, as well as best practices for supply chain management. This helps businesses to get the most out of Dynamics 365 and ensures that they can use it effectively to optimize their supply chain processes.

 

Support and Maintenance

Great Innovus provides ongoing support and maintenance for businesses using Dynamics 365. This includes monitoring the system for issues, troubleshooting problems, and providing updates and patches as needed. This ensures that businesses can rely on Dynamics 365 for their supply chain management needs and minimizes the risk of downtime or other issues.

 

Custom Development

Great Innovus can also provide custom development services for businesses that need additional functionality or features in Dynamics 365. This includes developing custom modules, integrating with other systems, and building custom reports or dashboards. This helps businesses to tailor Dynamics 365 to their specific needs and ensures that they can get the most out of the platform.

 

Great Innovus plays a crucial role in supporting the revolutionization of food and beverage supply chain management through their expertise and experience in implementing and supporting Dynamics 365 for the food and beverage industry. Businesses in this industry can benefit from their services, which include implementation, training, support and maintenance, and custom development. With the support of Great Innovus, businesses can optimize their supply chain processes, reduce costs, and maintain a competitive edge in the ever-changing food and beverage industry.


Connect with Our Experts Today

Read More
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

Read More
By Great Innovus

Why Microsoft Dynamics 365 is the Top Choice for Small Business Cloud ERP Solutions

February 2, 2023 | Digital Transformation, ERP, Microsoft Dynamic 365, Technology | No Comments

Why Microsoft Dynamics is the Best Cloud ERP for Small Businesses Businesses need software that can help them adapt to an increasingly online environment. While native tools still have their place, many companies are looking to technologies that can help them with their full digital transformation. Microsoft foresaw this change years ago. This is the main reason they migrated many popular enterprise resource planning (ERP) tools to the cloud. The Microsoft Dynamics 365 platform is considered by many to be the best ERP solution for small businesses.

What is Microsoft Dynamics 365?

Microsoft Dynamics 365 gives companies the benefits of ERP and customer resource management tools. Small businesses can more easily coordinate how data flows between regions and create a single source of truth for business operations across the enterprise. Information from lines of business such as operations, finance, manufacturing, and human resources can be linked within one platform.

 

The main benefit of a small business is the elimination of the silos that often arise when you use multiple applications that don’t communicate with each other. It is no longer necessary to set up complex code in each system to meet specific business needs. Instead, Dynamics 365 enables the integration of all processes into one fluid ecosystem.

The Importance of Cloud ERP for Small Businesses

Small companies often do not have the financial or human resources of larger companies. Many companies don't have an IT shop or a small core team trying to pull everything together. These companies are less likely to pay for and maintain multiple servers to expand the IT infrastructure when the business wants to expand. As a result, companies may feel stymied when trying to grow their business.

 

Thanks to the ERP capabilities of Dynamics 365, this is no longer a problem. Businesses pay a monthly subscription fee to access business tools. No need to spend a lot of money on server hardware. Microsoft protects your data and scales servers to accommodate your business growth. By investing in cloud ERP for small businesses, you can:


♦ Optimize the performance of business processes

♦ Give your employees extra flexibility

♦ Be more agile and adapt to market changes

♦ Take advantage of new business opportunities

Show Your Small Business Needs Cloud ERP Software

While some in your organization may be satisfied with your current ERP, that doesn't mean there isn't room for improvement. Switching to cloud ERP software can benefit small businesses dealing with the following issues.

1. You can't grow

You may be able to use your current ERP system, but the basic functionality may not scale as far as you need.If your business is unable to scale due to the limitations of on-premises technology, it may be time to consider migrating to a cloud solution.


2. Difficult to keep customers happy

If you're struggling to meet your customers' needs, it might be time to consider a different type of ERP. Giving your employees what they need to provide a better customer experience can set you apart from other competitors.


3. Jumping from one system to another

Sometimes companies invest in many different technologies that cannot communicate with each other. For example, your accounting software may not be integrated with your CRM. With Dynamics 365, you can create a single ecosystem where employees can access the information they need to complete their department's business tasks.


DYNAMICS 365 BENEFITS FOR SMALL BUSINESS

Investing in a cloud ERP solution can help small businesses cover several core functions.You can remove barriers that prevent effective communication between departments. It's also easier to adapt cloud ERP to new or changing business priorities. Here are some more Dynamics 365 benefits for companies looking for the best ERP for small businesses.

1. Customizable

Businesses can customize their Dynamics 365 instances to include any business functionality. For example, there are financial, manufacturing, and customer service modules. You can start with a few components and scale your Dynamics 365 instance as needed. Small businesses can set up an all-in-one solution that includes all the tools and features needed to run their business.

 

2. Provide actionable insights

You can use Dynamics 365 as a single source of truth for data from different parts of your business. This gives you a 360-degree view of everything that affects your customers or business operations. You can also leverage the AI ​​capabilities of Dynamics 365 to gain insights that help you make better decisions about the direction of your business.

 

3. Integrate with other Microsoft products

With Dynamics 365, you can use other Microsoft tools such as Excel and Outlook. You can update or change Excel spreadsheets in bulk, then automatically publish the information to your Dynamics 365 database. Artificial intelligence technology within the platform helps you respond to customer inquiries and business inquiries via email.

 

4. Allow companies to automate workflows

You can automate your tasks with Power Automate. For example, HR representatives can set up a workflow that automates the tasks required to onboard new employees.

 

Start with cloud ERP for small businesses

If your business is in the market for new ERP software, Dynamics 365 has everything you need to run your business effectively. You can automate manual tasks across departments, smooth communication with customers, and track everything that’s happening in your small business from one platform.

 

Great Inovus understands the needs of small businesses. We can help you adapt Dynamics 365 to your business needs. To learn more about how we can maximize the benefits of cloud ERP, schedule a consultation with one of our Microsoft experts.

Read More
By Great Innovus

Upgrading to Dynamics 365 Business Central: A guide for Dynamics NAV users

December 13, 2022 | Digital Transformation, Microsoft Dynamic 365, Service | No Comments

Microsoft is exhibiting Microsoft Dynamics NAV, an on-premises ERP that helps companies manage enterprise-wide systems and processes. Microsoft recommends that existing Dynamics NAV users upgrade to Dynamics 365 Business Central. First, let's understand what Dynamics Business Central is.

 

Dynamics 365 Business Central is a new-age business management solution that allows companies to bring all of their business processes together on a single platform. With Business Central, businesses can connect their manufacturing, supply chain, operations, customer service, sales and marketing, and finance processes, and choose between an on-premises or cloud-based version of the solution. This allows businesses to streamline their operations, improve collaboration and communication, and gain valuable insights into their business.

 

Businesses can choose between an on-premise or cloud-based version of Business Central.


As the name suggests, Dynamics 365 Business Central On-Premise resides on a local company's server, and users do not need the Internet to access it. The cloud-based version of Business Central is hosted on Microsoft Azure servers and can be accessed 24/7 from anywhere via a web browser.

 

End of support for Dynamics NAV

Microsoft has announced that it will no longer provide updates or extended support for several versions of Dynamics NAV. This means that there will be no more updates or security patches for these versions of the NAV ERP software. Companies using these versions will need to upgrade to a newer version in order to continue receiving support and updates from Microsoft.

 

Read more: Reasons for migrating from NAV to Business Central and upgrading to Microsoft’s latest ERP solution


Lack of support from Microsoft leaves the system vulnerable and increases the risk of external threats. Furthermore, the system will become outdated over time and will no longer be able to adapt to technological changes. Finding IT personnel who understand NAV has become increasingly complex over time. 

 

Reasons to upgrade from Nav to Dynamics 365 Business Central

Some companies using MS Navision delayed the decision to upgrade, thinking that Business Central was a new system and unfamiliar with it. Yes, it is a new-age ERP but it builds on Microsoft Dynamics NAV and offers many advantages over NAV.

 

Below is a list of reasons why you should upgrade from NAV to Dynamics 365 Business Central:


1. Cost-effective 

The cloud version of Dynamics 365 Business Central is a cost-effective solution for businesses of any size. With a monthly or annual license fee based on the number of users, companies can easily access the software and take advantage of its features. Business Central is hosted on Microsoft Azure, which means that companies do not need to invest in expensive hardware or security solutions. Additionally, Microsoft provides regular updates to the software, so maintenance costs are low. This allows businesses to have a lean IT team manage their Business Central implementation, further reducing costs.


2. Security solutions with new-age features and functions

Microsoft guarantees 99.9% uptime, offers better features and functionality than NAV, is mobile-friendly, and provides 24/7 access from anywhere through a web browser. 


Users can automate routine tasks, saving a lot of time and increasing productivity. Users can easily create reports according to their needs and share them with others based on the role-based permissions assigned to them.


Microsoft has a team of experts who manage the security of the solution and perform regular backups.


3. Enhanced native and third-party integrations

Dynamics 365 Business Central seamlessly integrates with Power BI, Microsoft Office 365, Microsoft Azure, and other Microsoft products. It also provides users with single sign-on options across the entire suite of Microsoft products. It can also be integrated with third-party applications to further enhance its functionality.


4. Improved user interface

 Improved user interface Business Central offers a modern, easy-to-use interface. The look and feel are consistent and similar to other Microsoft products. It provides a consistent user experience across all devices.


5. Multiple deployment options with flexible licensing policies
 As mentioned, it comes in 2 versions. Companies can pay a monthly license fee for the cloud version. Companies can easily add new users and scale quickly. 

 

When is the right time to upgrade to Business Central?

A few ideal scenarios for an organization to upgrade from Dynamics Nav to Business Central are listed below:

 

⇒ When you find that your version of Dynamics NAV no longer has any support from Microsoft.

⇒ When you find the cost of Microsoft Dynamics NAV is too Expensive.

⇒ When you want to shorten the cost of hardware, maintenance, and security by migrating to the cloud.

⇒ When you discover that you are missing additional features in NAV that are accessible in Business Central.

⇒ When you want to connect your current or existing infrastructure to Cloud-Based ERP so you can manage it remotely.


Steps for a NAV to Dynamics 365 Business Central upgrade

When moving from Dynamics NAV to Microsoft Dynamics 365 Business Central, the process is known as upgradation. This is a 5-step process, namely:

 

Step 1 ♦ Licensing

 

Step 2 ♦ Setup and configuration

 

Step 3 ♦ Data migration

 

Step 4 ♦ Integrations

 

Step 5 ♦ Training and post-migration support


 

Benefits of upgrading from NAV to Business Central

The benefits of upgrading from NAV to Business Central are listed below.

 

1. Adaptability for growing businesses

Companies today are geographically distributed and their employees work in a mixed environment. Microsoft Business Central enables employees to access their data anytime, anywhere, from any Internet-enabled device.

 

It is easy to deploy, whether in the cloud or on-premises. It offers a similar customer experience, goes live quickly, and can onboard users quickly. As your business grows, it can easily scale without sacrificing performance.

 

In addition to compatibility with other Microsoft products, its functionality can be further enhanced by integration with various applications available on Microsoft AppSource. It also supports 25 languages ​​and helps merchants deal with suppliers and customers in different locations.

 

2. Provide many modern functions

Users can create real-time reports to gain actionable insights based on KPIs related to them. Its no-code interface allows users to create reports; IT support is limited or non-existent. Users can also create workflows and automate processes. The system also provides users with real-time insights and recommendations based on past data to help them optimize their workflow. These features enable employees to be more productive.

 

3. Better financial management

Microsoft Business Central has a powerful built-in financial management engine that helps businesses manage cash flow, bank reconciliation, budget management, project cost optimization, and forecast late payments.

 

 Read More: How will Dynamics 365 Finance and Operations facilitate your business


It supports multiple currencies, exchange rates, tax and compliance differences, and intercompany transactions. With these capabilities, accounting teams can complete monthly and annual close faster.

 

4. Improve sales force productivity

Business Central helps sales teams identify and prioritize leads in the sales pipeline. It also helps them identify various upsell, cross-sell and resell opportunities in the sales cycle. Users can access all customer data in one view. Sales teams can customize their offers and offer their customers different pricing structures or discounts based on previous conversations. 

 

5. Help improves customer service

Customer service teams can see all available customer data in one view to provide the right resolution. You can allocate the right resources to serve and retain customers Track offers, service agreements and other important parameters to provide better customer service every step of the way. It helps delight customers and builds brand loyalty.



6. Better project management 

Project managers can gain real-time visibility into every aspect of a project. These insights help them allocate resources more efficiently, track actual resource usage and compare it to plans to determine project profitability.

 

7. Supply chain optimization tools

Built-in mechanisms help companies optimize their supply chains. They can ship the right product to the right place at the right time based on market demand. It also provides a 360-degree view of inventory, allowing goods to be moved quickly between locations. It helps manage compliance across geographies and facilitates efficient governance and approvals.

 

Read More: How does D365 Supply Chain Management support the manufacturing supply chain?


8. Warehouse management optimization tools

Users can create warehouse layouts within the Microsoft Business Central interface. You can choose the best storage location according to the product's size, container and capacity specifications. An optimized warehouse layout helps them ship goods quickly. Plus, it can fulfill orders faster based on real-time data.

 

9. Manufacturing process improvement

Manufacturing teams can create detailed BOMs that include details of raw materials, resources, or subassemblies. It provides support during the assemble-to-order process and can reference customer orders to meet specific requirements. It helps managers capture output variances and make decisions across different BOMs and routes based on consumption patterns.

 

Why Great Innovus as an Upgradation Partner

As we have seen, Dynamics 365 Business Central offers many benefits to organizations. If you are interested in learning more about how your business can upgrade to Dynamics 365 Business Central, you can contact us at Great Innovus.

 

We are a leading Microsoft Business Central ERP and Microsoft Dynamics 365 partner located in USA & India.

 

We are a trusted Microsoft partner, providing intuitive enterprise technology consulting and automated implementation. We also provide ongoing support based on your business needs.

 

We support companies on their digital transformation journey by providing Microsoft Business Automation tools, Power Apps, Dynamics 365 Business Central, Microsoft Azure, Microsoft Power BI and other technology solutions, services and support.

Read More
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. 

Read More
By Great Innovus

What are the benefits of cloud ERP software to your Business – Great Innovus

October 28, 2022 | Microsoft Dynamic 365, Technology, Trends | No Comments

 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.

Read More
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].

Read More
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

Read More
By Great Innovus

Importance of ERP on Small and Medium-Sized Businesses(SMBs)

August 22, 2022 | Digital Transformation, Microsoft Dynamic 365, Service | No Comments

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

Read More
By Great Innovus

Microsoft Dynamic 365 Business central vs Finance and Supply chain Management to Choose the Right ERP for your business

August 8, 2022 | Microsoft Dynamic 365 | No Comments

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.

Read More
By Great Innovus

Empower your business financial management with MS Dynamics 365 Business Central

July 21, 2022 | Digital Transformation, Microsoft Dynamic 365 | No Comments

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.

Read More
By Great Innovus

4 reasons for SMBs to choose MS Dynamics 365 Business central for Supply chain

July 13, 2022 | Digital Transformation, Microsoft Dynamic 365, Service | No Comments

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.

Read More
By Great Innovus