Is Dynamics 365 Business Central right for you? Want to know whether it is right for your business or not? Let us get familiar with Dynamics 365 Business Central and its advantage to help you make the right decision.

What is Dynamics 365 Business Central?

Microsoft’s latest business management solution for small and medium enterprises is Dynamics 365 Business Central. D365 Business Central is a cloud-based ERP (Enterprise Resource Planning) facilizing every user can access ERP through any device anywhere in the world. It is accounting software to manage critical business functions, including finance, operations, sales, payments, dues, inventory, purchases, and customer service. It can also be easily integrated with other Dynamics 365 applications, which can help you scale your business further. It originated from Microsoft Dynamics Navision, which further evolved into D365 Business Central.

Business central comes with multiple Microsoft integration such as Office 365 PowerApps, Field Services, and Power BI (Business Intelligence). Additionally, Business Central provides you with a two-way sync as a bonus. Business Central is the most cost-effective ERP in its segment, and it is a viable option for a cloud-based ERP solution.
Let us now check how Business Central can streamline your business:

Reason #1 Customer Relationship Management (CRM)

The CRM feature of Business Central helps you to keep a healthy relationship with your customer. It helps you look at customer sales and provides the right quotation. Best decision making at right time is always a better practice in Sales and marketing, Business Central always helps to provide a timely overview to your contact and customer for their satisfaction.

With Business Central, you can do contact management, opportunity management, campaign pricing, and many more. In a business system, it is essential to get a 360-degree view from the customer’s perspective. This can help to determine the correct approach for successful purchasing and holding the client.,

Reason #2 Easy way to investigate with sales and receivables

Business Central helps you keep a hold of your sales data through their sales quote, sales orders, and sales invoices. It even provides an opportunity feature to keep investigating your new feasible customer. Also, it gives a campaign method to attract more customers. Through the Sales sales posting option, you can investigate how many Items were shipped and invoiced, also you can keep track of how many items are shipped or not yet shipped and how many invoiced must be raised. In Business Central you can also keep a record of the number of items returned and their reason. With Business Central you can provide a discount to the customer or provide a special discount based on set criteria based on the amount or quantity purchased.

Reason #3 Able to handle vendor purchase & its payable

In Business Central, handling vendors is more convenient. With the help of Business central, we can make a purchase order to the vendor whenever we find it short on inventory. We can always make the inventory adjustment with the Purchase order and Purchase Invoices.
We can also return the item if the product is found to be wrongly placed or damaged. Based on the Invoices, we can also move to the paying part of the vendor to pay the vendor for its service.
We can also keep track of all the discounts that can be available on our order. With Business Central, you can create an overview of the company’s purchases and make the daily buying routines clear and manageable. You also get instant access to an overview of your suppliers’ purchase history, outstanding orders, and trade statistics. 

Reason #4 Easy to track payments and dues

With Business Central you can keep a log of all the payments that are done or are due and or those payments that need to be made in the future with all the payment data, we can send the receipt to the customer or vendor.
Also, we can send a reminder to the customer to pay the due amount. With the help of the payment log, we can see where we are getting more profit and where we have fewer sales. Payment posting is the simplest thing that we get in Business Central. With the help of vendor payment and cash receipt journal, we can easily maintain all the payments from customer and vendor.

Reason #5 Reporting & user-friendly dashboards

Reports are the main aspect in the ERP world. With the help of Business Central, we can do the reporting at such an excellent level where we can do multiple things like chequeCheck printing, taking taking customer statements, take out the receipt, getting the tax iInvoice, and many more.

In Business Central you can take out the data in multiple formats like PDF, EXCEL, WORD. Business Central also provides dashboards where you can see the graphical representation of your data like your purchases till date, sales till date, profit area, etc.

As Business Central supports integration so we can take the Business Central data in Power BI and provide a more attractive dashboard and graphical orientation to the customer.  

Reason #6 Communication & HR (Human resource) management

In Business Central, you get enhanced eEmail sending capabilities. Through the email Sending facility, you can send the invoice directly to the customer or vendor to their respective email ID. You can also send the reminder mail or the custom mail according to your need.

Even we can schedule mail based on day, week, or month so users do not have to come to the system, schedule email will automatically send by Business Central. Business Central provides human resources functionality, so you keep the details of your employee, their record of accomplishment, manage salary, leaves, employment contract, and employee code.

Reason #7 Track of item and its inventory

With Business Central, keeping track of items and its inventory is easier. We can easily record of accomplishment of iItem, we can see which item is getting more demand, and if have a shortage of supply for any item. We get the notification and then we can order accordingly through the business central.

With Business central we can also evaluate the cost of inventory with the help of the iInventory valuation function and keep a record of each material.

Also, Item has the functionality to store the value of inventory related product like a chair, table, or non-inventory product like electricity or service type item like human resource.

Reason #8 Customizable

Business Central also supports customization in their environment like report as per customer requirement, new validation, user-based control. In Business Central we can do customize the environment as per the business need like Education ERP in Business Central can help storing student details, fee details, and dues, exam data, scores and admission details. With customization of the different modules, we can design like purchase or sales flow go or we can build the approval process for a user.

Related: Automate and streamline business processes with Microsoft Dynamics 365 Business Central

Some more reasons for adopting the MS Dynamics 365 Business Central

  • Easy module to do handle the bank payment entries through bank reconciliation to handle your account statements.
  • Easier to keep track of your planning, dispatching, received product, invoicing of the product, capacity planning, production order, basic supply planning.
  • Project management in which you can keep track of your job’s usage, timesheets, estimate your resource usage and its allocation. Also, track the performance of each resource.
  • Business Central has multiple languages that can be switched as required, reason code for individual transaction, Outlook integration.

Learn more about Dynamics 365 Business Central

We are Advaiya, a Microsoft Gold Partner, and we have been providing consulting and implementation services for more than 15 years. Over these years, we have helped our clients to unlock new capabilities by realizing the real value of technology so that it works in their favor.

Contact us to know more about Business Central and its capabilities for your business.

Vikram singh

Vikram is a technology lover, and he loves playing with gadgets. He has got extensive experience in Business Central and Android. He has worked with enterprise resource planning, analytics, quality management systems, Customer Relations management. Vikram joined Advaiya in 2020 as a Senior Associate working as techno Functional in D365 Business Central/NAV, bringing in world-class strategies and practical experience in establishing a successful business. His chase for excellence, passion for technology and commitment towards customer satisfaction are the driving forces. Currently, he is enjoying playing with Dynamic365 customization. He has done his B.tech in Computer Science from the Global institute of technology.

Posted by Advaiya

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