Microsoft re-branded NAV as Business Central around two (2) years back, giving the premium ERP for small and mid-segment businesses a change in avatar considering the digital transformations that are underway in businesses nowadays. The application code is the same used in both and the key features of NAV are there in Business Central as well. Moreover, Microsoft has made Business Central available as a cloud-based solution, via Microsoft’s Intelligent Cloud.
Business Central, in a very short span of time, has proven itself to be one of the most effective Microsoft Business Solutions of all time. It offers all the tools to ERP professionals to manage Finance, Supply Chain, Sales, Project Management etc. And the response from users has been good as well, boosting Microsoft’s confidence in further going all out in declaring it as the future for an indefinite period.
Given below are these capabilities explained in detail which should convince you to get a Microsoft Business Central Implementation done:
Finance
· Microsoft Business Central connects all data across customer transactions, stock, sales, purchasing and accounting and helps make informed decisions.
· It has built-in Power BI dashboards that allow end users to track financial performances in real-time in addition to helping them identify trends with comprehensive reports and analysis.
· The sales ledger and accounts payable functionalities help accelerate reporting and financial closing.
· Comprehensive data modeling and analysis features in it help improve forecasting.
Supply Chain
· Organizations get a comprehensive view of their stock to ensure timely order fulfillment.
· The solution’s built-in intelligence lets retailers predict the exact time available to replenish stock and anticipate stock-outs before they happen. With the help of sales forecasts, companies can automatically generate production plans and create purchase orders.
· Companies get to use capabilities further to calculate stock levels, lead times and reorder points to maintain a suitable amount of stock in each location.
· They get to also use these capabilities to calculate levels of stock, lead times and reorder points, in order to preserve suitable amounts of stock in each location. The system itself suggests replacements and alternatives when necessary items are out of stock.
Sales
· Sales functionalities in Microsoft Business Central helps track all customer interactions and identify the most viable, upsell, cross-sell and renewal opportunities across the length and breadth of the sales cycle.
· These functionalities also help handle all sales related enquiries, in addition to helping with service request management and payment processing from within Outlook.
· Additionally, they let organizations gain a thorough overview of all the service tasks, workloads and skills of employees to ensure appropriate resource allocation and deployment.
Project Management
· Project Management capabilities in Microsoft Business Central give you a glimpse as to why it is well on its way to becoming one of the finest Microsoft Business Solutions of all time.
· In-built timesheets in addition to advanced job costing and reporting capabilities help create, manage and track customer objects within pre-defined budgets.
· Companies are enabled to plan capacity and sales to manage resources effectively, especially during seasonal periods.
· Companies can track invoices against estimated costs on orders and quotes.
· Real-time insights available in the solution help them know details about project status, profitability and resource-usage.
Data Management
· Data managerial capabilities in Business Central ensure all the reports, insights and analytics are timely and accurately delivered.
· These also let you set up parameters to grant as well as restrict access to the personal data of customers for security purposes and compliance with all data protection regulations.
· These allow you to securely transmit data across all internal systems and protect the data from any kind of data breach or unauthorized access.
Summary: These features should be more than enough to convince anyone about the efficacy and immediacy of a Microsoft Business Central Implementation.