Frequently Asked Questions
What is Enterprise Resource Planning Software?
An Enterprise resource planning software (ERP) is a type of software used by organisations to manage day-to-day business activities such as accounting, project management, compliance and supply chain operations. An ERP suite that also includes enterprise performance management can also aid in budgeting and reporting in terms of an organisation’s financials. An ERP system typically has a common database that ensures that the information used across the enterprise is normalized and based on common definitions.
What should you achieve with an ERP?
Improves business insight, from real-time information generated by reports.
Lower organisation costs, both in terms of reducing the number of different software solutions used by an organisation, as well as reducing the cost of errors and incorrect data.
Improved efficiency, the solution should aim to eliminate the need of work duplication as well as manual processes.
What is Microsoft Dynamics NAV?
Microsoft Dynamics NAV, formerly known as Navision, is a mature, robust and flexible Enterprise Resource Management (ERP) solution used by over 97,000 companies around the world. It provides all the functionality needed by mid and large size companies to manage the entire business – providing end to end visibility and greater control, in one integrated system using one database. If your company has an ageing system, or is using a number of disparate systems, multiple databases and spread-sheets it is time to look at Microsoft Dynamics NAV.
What functionalities can Microsoft Dynamics NAV offer?
Microsoft Dynamics NAV offers companies the opportunity to replace unnecessary manual processes or spreadsheets and migrate to a single platform to manage their process from end to end. By doing this, and having one single source of data, you can benefit from improved management information and reporting, maximise the efficiency of your staff and also ensure you look after your customers effectively.
Can I migrate from my current system?
Over the years Microsoft has continuously developed and streamlined the migration process to improve efficiency and reduce the amount of time required in order to complete. The templates used for the data migration are straightforward and very intuitive.
We also encourage the businesses to upload existing data from previous periods as much as possible. This will not only ensure that the new period has a sense of continuity, but also make locating information from previous periods easier.
What are the options of Dynamics Business Central?
Once decided on the software, the next step would be to chose the hosting options and licencing option. The hosting options are either on-site or cloud, whilst the licencing options offer a perpetual licence or a subscription-based licence.
Naturally, discussions will be held in order to ensure that the right choice is being made. Furthermore, businesses can also choose the type of licensing for individuals, who may either have full rights or limited.
Does Dynamics 365 Business Central cater for all types of industries?
Dynamics 365 Business Central is a flexible solution that primarily delivers horizontal capabilities, catering for the vast majority of industries. Secularizations will then take place at a partner level, where businesses may find certain partners who cater for that specific industry. Furthermore, for more specific industry needs, Dynamics 365 Business Central has a comprehensive market for addons that are industry specific.