Microsoft Dynamics 365 Business Central: Best for SMEs - SaaS B2B

In today's scenario running a small to medium-scale business process is often at par with businesses with multilevel operations. If you're an SME and have various financial and customer-centric objectives to fulfill, you're indeed in need of a powerful and efficient ERP suite. 

In this case, Microsoft Dynamics 365 Business Central (BC) can be the right one for you. It offers meaningful solutions to your financial, sales, services, and technical operations. Without such a multi-faceted software program, your enterprise may face diverse management complications, eventually leading to an unavoidable pitfall in the future.

Therefore, to avoid such situations deploy Microsoft Business Central as it increases your business productivity and helps in efficiently leveraging the invaluable online consumer algorithms.

This article will thus give you a fundamental understanding of Dynamics 365 BC for SMEs and how it can catalyze your business process.

What is Dynamics 365 Business Central?

Business Central is the flagship offering by Microsoft, specially designed for small to mid-market companies. Its purpose is to assist companies seeking low-cost and pragmatic solutions to their ERP implementation processes.

It's developed on Microsoft's legacy platform — Dynamics NAV, thus, providing familiar and comprehensive ERP solutions. Also, it’s easy to migrate your old management system information and plugins to the new Microsoft Business Central Dynamics 365. Integration and updation of software and apps are seamless and take minutes to complete.

What are the new features in Dynamics 365 Business Central?

The new 2022 release business solutions from Microsoft include various productive features and upgrades to its predecessor software. The Dynamics 365 BC is super easy to use and manage. Here’s a list of the new additions.

• The latest Microsoft Business Central comes in both cloud and on-premise versions.

• It Includes more focused and client-oriented CRM & ERM.

• Real-time setup for marketing strategies with Dataverse table.

• Upgraded customer and contact mapping plugins with a live preview dashboard.

• Enhanced personalization and marketing analytics for inch-perfect consent and sales report.

• Ample options for lead diversification and conversion.

• Features the trendy drag-and-drop forms editor for business data collection to generate leads.

• New customized content creation sheet for audience-specific engagements. 

• Built-in Power Business Intelligence (BI) architecture to better monitor business performance.  

• Addition of latest PDF invoices with Paypal link for convenient payment processes. 

Benefits of Microsoft Dynamics 365 Business Central

The new Dynamics 365 BC is a complete portfolio of the latest tech and management tools aimed at producing superior business output. The application’s adaptable, coherent, and user-friendly interface makes it highly popular amongst small and medium enterprises. Moreover, its cost-effective tag has broadened its spectrum of users across business markets.

Here are some helpful insights into its added benefits.

Financial operations

The advanced Dynamics 365 sub-product provides extra security to your financial operations across various accounting nodes and systems. It not only streamlines your finance operations but also gives you close vigilance on your budget and income streams. It further enables you to have more financial control and tailor your cash inflows & outflows accordingly.

Business Analytics

With its all-in-one business solutions and integration-friendly model, you get a centralized dashboard with informative data charts across transaction inventory, clients’ feedback, sales report, and accounting tools. Moreover, you can expedite processes in real time and acquire better online analytics for decision-making. 

Customer sales

The Dynamics 360 BC comes with highly intuitive apps for efficient management of your product sales and order receipts. It includes dynamic inventory and workflow updation features that prevent redundant transactions in your system feeds. Business Central 365 is fully automated and dynamically maintains your sales history and posted invoices.

How to Install Business Central 365?

As simple as it is to operate the ERP software, the installation process is also effortless. However, you need to download the program from Microsoft Download Center. Click to download

Follow these steps when downloading is completed.

Installation process

1. Ensure having administrative system rights before installation.

2. To start the installation, freeze the server connection of your old business management software.

3. Verify that your device meets the predefined system requirements.

4. Update your internet browser for the best functionality and UI/UX aspects.

5. Click the Setup.exe file and run the installation wizard. 

6. Choose recommended settings or customize them to your requirements.

7. Follow the configuration settings prompted by the installation wizard.

8. The setup can initiate downloading additional software required by its components like SQL Server and IIS Web client.

9. Restart your system after the setup is successful. 

10. Congratulations! You're now using the latest MS Dynamics 365 Business Central.

Pros and Cons of the Business Central 365

Pros

• Customizable based on business-specific niches.

• Better monitoring & analysis of consumer behavior.

• Diverse integration of multi-business operations.

• Real-time tracking of financials.

• Accurate technical and employee performance reports.

Cons

• It can be overwhelming due to its broad range of programs.

• Performance slows down while engaging several processes simultaneously.

• Some functionalities are time-consuming during the customization process.

• Vulnerable to malicious cyber adventurisms.

• Likelihood of enduring extra IT infrastructure costs.

Conclusion

Before automating your business process with the new Business Central, ensure it's the right fit for your business. Assess other similar products in the marketplace against your choice. However, if you’re keen on trying Microsoft Dynamics 365 Business Central, then plan a reliable implementation strategy for potential risks and issues that may arise due to its complex nature. Additionally, having a robust backup structure and management plan while migrating your data to the new Dynamics 365 BC is highly recommended.