January 10, 2022 | Bitscape Team, Microsoft Dynamics 365
Business Central is a business management solution for small and mid-sized organizations that automates and streamlines business processes and helps you manage your business.
Business Central includes standard configurations for most business processes that are changeable to what suits your business.
There are various solutions and software in Dynamics 365 that help your business.
ERP, short for Enterprise Resource Planning, is a business process management software for managing and integrating a company’s financials, supply chain, operations, commerce, reporting, manufacturing, and human resource activities.
Microsoft Dynamics NAV (formerly Navision) is an ERP solution for mid-size organizations providing industry-specific functionalities according to their needs.
Microsoft Dynamics CRM is a customer relationship management software developed by Microsoft that focuses on enhancing customer relationships for organizations. It is one of the leading CRM software available in the market.
Dynamics 365 Project Service Automation empowers enterprises to build strong customer relationships by delivering superior project experience within budget and on time. And it also unifies all aspects of your project lifecycle in a single solution. And does all this while driving profitability and improving employee productivity.
There are four major categories of D365 Finance and Operations modules, and each of them contains its list of applications- Commerce, Finance, Supply, Chain Management, Human Resources. D365 Finance includes budgeting, project management, financials, and accounting for large, international companies.
A major use of D365 Business Central is done in these industries:
Thus, these have been the uses of Dynamics 365 for Business.
It all comes down to selecting between the two major software solutions, which are important for business. The battle here is between D365 Business Central and D365 Finance and Operations.
Business Central is an advanced version of Nav, a former integrated management software from Microsoft. Those accustomed to Nav will find features of Microsoft 365 familiar and intuitive. But with its new name, 365 offers better integration and functionality as it belongs to this new generation of ERP solutions.
Business Central provides solutions for numerous sectors like distribution, public sector, manufacturing, and professional services. Business Central is designed with a finance module that ensures all financial operations are accounted for, processed, and analyzed from an accessible interface. Leveraging for accounting, financial transaction accounts payable, or BI reports, this module does everything. Merchants can also use the warehouse management module to process stock, optimize shipping and sales management, all due to this automated system.
The 3 main advantages of Business Central:
F&O was originally named AX and is considered Microsoft’s most advanced ERP. Primarily it is focused on large organizations and enterprise groups ranging from medium to large. F&O is highly regarded as an all-in-one solution and is preferred for its compatibility with other Microsoft applications. This ERP’s modular capabilities make it easier to customize user experience better than before, just like Business Central.
Leveraged with analytical technology based on business intelligence system, D365, Finance, and Operations has been precisely structured to maximize distribution, retailing, wholesaling, manufacturing, and professional service.
Its ability to centralize retail locations, digital portals, back offices, and call centers, retail analytics help in increasing company profits. A loyalty program can also be set. Moreover, Microsoft Dynamics 365 Finance and Operations can help carry out advertising campaigns from beginning to end.
Businesses in the manufacturing industry have numerous tools to automate specific processes such as production orders, batch orders, and project monitoring.
The 3 main advantages of Microsoft Dynamics 365 Finance and Operations
F&O is a huge and effective ERP service, and so it would not be sufficient to feature every detail in a single article
However, there are three main advantages:
Microsoft Dynamics 365 Finance and Operations is an ERP for companies with more than 500 employees, and on the other hand, Business Central favors SMEs. Here are a few remarkable differences to help you make a choice:
Business Central offers geographic tracking of products with the batch number or serial number.
Microsoft Dynamics 365 Finance and Operations offers highly accurate pallet tracking.
The right choice depends on what you need.
Business Central has regional management and currency options available for 16 countries.
F&O has it in 30. That’s no small distinction.
Lastly, Microsoft Dynamics 365 Finance and Operations allows professionals to process numerous transactions.
Business Central, in opposition, suits companies with limited needs.
Both Microsoft Dynamics 365 Finance and Operations and Business Central are impressive ERPs that automate all of your processes and increase profits. Depending on your needs, the option is what works best for you. And if you are still confused as to what works for you, all you need to do is contact a Dynamics 365 consultant and they will guide you through it. D365 consultants are here to guide people with these kinds of queries and help them make the best of these solutions.