Microsoft Business Central

The Trend Games In ERP Systems

With the business world changing quickly, there are new developments in technologies and practices to adapt to these changing dynamics. There is a constant need to reinvent and reimagine workflow & business operations to stay on top of the game. The inevitable need for online presence is pushing companies to invest in the latest technologies. 

One such popular investment is Enterprise Resource Planning [ERP] solutions. In the age of the digital revolution, it has acted as a catalyst for business optimization from top to bottom. This has resulted in most companies implementing an efficient business management system. As per the latest study by Grand View Research, the ERP market stood at a whopping $50.57 billion in 2020. It is expected to have a compound annual growth rate of 10.7% by 2030. And, Microsoft Business Central is a major ERP software your business could leverage!

ERP market statistics

The Key Player In The SMB Market

Microsoft Business Central is among the key players in the market among other ERP systems. In addition, 2021 marked a watershed year for Microsoft Business Central, with over 1,75,000 companies using it. The popularity is largely due to the changes the company has brought about within it ranging from onboarding to optimization. Besides, the pandemic changed the prominence of on-premise ERP to cloud ERP for this Microsoft software. This has also resulted in companies favoring Microsoft Dynamics and its products.

With a recession looming around the corner companies are looking to cut costs and improve efficiency. Hence, ERP systems like Microsoft Business Central provide the perfect way to do the same. So, what exactly is Microsoft Business Central? How can it be advantageous to your company? Read ahead to find out the potential contributions this Microsoft product can make within the domain of business management.

All About Microsoft Business Central

As you know, ERP systems are the combinations of various integrated modules that help automate and manage any organization’s core business functions. Similarly, Microsoft Business Central is a cloud ERP solution that enables streamlining business management. 

It can be used for all kinds of small to large businesses. As an all-in-one solution, Business Central constantly updates to adapt to changing market conditions. 

In short, it brings all the best features of Microsoft NAV to cloud-based solutions. Thus, businesses can upgrade from using legacy software to Microsoft Business Central to get a one-stop platform to manage finances, sales, operations, and customer service. 

These are the three important ways through which this ERP system supports business:

  1. Removing Silos: It enhances business communications and automates regular tasks. This helps in increasing efficiency and helps employees handle company data better through Microsoft applications like Outlook and Excel.
  2. Practical Insights: A clear view of the data across teams helps develop accurate business analytics. It will enable businesses to scale up larger and more quickly. And, of course, Microsoft is the leader in guiding intelligent technologies!
  3. Ever-evolving Solutions: Microsoft Business Central allows businesses to start operations quickly after implementation. It also adapts to changes in real time and can be easily extended depending on business needs.

To keep up with the changing market needs, Microsoft Business Central has brought about some new features within it, in addition to the prior ones.

Features of Dynamics 365 Business Central

1. Enhanced Desktop Experience 

Business Central has updated its previous desktop experience. The latest UI enables users to improve productivity. The layout maximizes screen space and allows easier navigation through the application in its entirety. The high level of customization also allows companies to tailor-make solutions for their unique problems.

2. Easy Availability

Business Central is available for cloud, hybrid, and on-premise deployments. An app called Universal Windows allows users to connect to Business Central. This app is available for download on iOS, Windows, and Android devices.

3. Filtering 

The new update also offers a filtering feature that enables users to search for records and it shows the lists of primary content relevant to the search. This function enhances communication strategy by allowing you to narrow down your search to specific records.

4. Customization Extensions

In Microsoft Business Central, customization functionality is added as extensions that have different source codes. This allows for easier upgrades and updates to the system without disturbing other aspects of the software. 

5. Integration

One of the biggest advantages of Microsoft is its leveraging of MS Power apps, Power Automation, AI, and Machine Learning across its various software. Microsoft uses these to provide actionable insights to optimize business efficiently. 

6. Embedded With Power BI

Effective communication between all verticals of various departments in your business is enhanced through the connection between Business Central and Microsoft Power BI. One of the latest improvements includes the automatic deployment of Power BI reports.

7. Changing Permission

This feature allows for efficient customization as per the unique needs of your organization. In the Dynamics 365 version of the Business Central, there exists an option to change permission sets. This allows users to delete or modify users as per the changing business requirements.

MS Dynamics 365 Business Central also allows the incorporation of various applications without any doubt. Moreover, you will also have seamless integration of various Microsoft apps like Excel, PowerPoint, and Outlook into the Business Central software.

Features of Microsoft Business central

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Industry Specific Edition

Acumatica cloud ERP’s Industry-Specific Editions are a unique combination of Acumatica cloud ERP functionality and functionality specific to a particular industry or industry segment.

For example, the Manufacturing Edition includes both manufacturing and distribution modules, as well as modules for field service and general business use. The Distribution Edition includes only distribution modules.

The Industry-Specific Editions include all of the core Acumatica cloud ERP functionality including:

  • Core Accounting
  • Core Billing & Invoicing
  • Core Business Management  (including project management and portfolio management)
  • Core Data Modeling & Validation  (using the same data model used in the Core Accounting module)
  • Core Enterprise Resource Planning  (including CRM integration)
  • Core Human Resources & Payroll  (HRIS integration with HR applications such as Zenefits)
  • Core Inventory Management  (including barcode scanning technology that can be used to identify inventory items based on their UPC codes or SKU numbers.)

Retail Commerce Management

Deliver a consistent customer experience across all your sales channels with full integration between your online, mobile, kiosk, and in-store service.

  • Reduce stock-outs and back orders 
  • Speed up order processing and fulfillment 
  • Streamline returns and exchange 
  • Provide an omni-channel experience 
  • Offer a world-class eCommerce presence 
  • Integration with web stores and POS systems

Project Management

Streamline project management: The project accounting suite enables you to track project costs, carry out planning and billing, and manage time and expenses while completely integrating with the fundamental accounting operations like general ledger and accounts payable.

Customer Relationship Management

Set up customer relationship management: CRM is an important tool for any business that wants to build strong customer relationships and retain customers. With Acumatica, you can set up a customer relationship management system that works for your business.

The CRM feature includes:

  • Customizable reporting dashboards
  • Powerful business intelligence capability
  • Service and support automated workflows
  • A customer self-service portal

Service Management

Maximize dispatching and boost revenue by scheduling the right people at the right time, and see real-time data for work taking place in the field.

  • Single version of the truth
  • Multi-dimensional reporting
  • Security by role
  • Custom reports and personalized dashboards
  • Multiple display options

Construction Management

Provides a complete, mobile-enabled cloud-based construction and accounting software solution.

  • Instant data access in role-based dashboards 
  • Native AI and ML for automation and data processing 
  • Superior compliance management 
  • Flexible drop-shipping to project sites 
  • Real-time connection among workers-field, office, and remote.

Sales Improvement

Acumatica’s sales management features can help businesses increase their sales and revenue.

Utilize Business Intelligence

You may gather crucial data from various sources and show it in reports made for quick decision-making with Acumatica cloud ERP. This software includes analytical tools for monitoring the state of your business. It identifies problems before they substantially harm your company.

Warehouse Management

Streamline warehouse operations and transaction to reduce errors, automate processes and increase productivity.

  • Reduce errors 
  • Increase customer satisfaction
  • Automate data capture 
  • Simplify tracking
  • Prioritized, direct picking 

Inventory Optimization

Optimize inventory: Acumatica’s inventory management tools can help businesses reduce inventory costs and improve stock levels.

Manufacturing Management

Built for make-to-stock, make-to-order, engineer-to-order, project centric, job shop, batch, repetitive manufacturing, and more.

  • Complete, multi-site cloud manufacturing control and planning system
  • Improve efficiency with intuitive, award-winning UI
  • Empower collaboration with cross-module workflows 
  • Create business resilience with our future proof design 

Order Processing

Use order processing: Order processing is another key feature of Acumatica ERP software. With this feature, you can streamline your order process and keep track of orders as they move through the pipeline.

Improve financial management

There are a number of ways businesses can make the most out of Acumatica’s features. For example, businesses can use Acumatica to:

– Improve financial management: Acumatica’s financial management tools can help businesses save time and money by streamlining accounting and financial processes. This functionality includes:

     General ledger incorporating real-time analysis fully integrated with all other features

     Accounts receivable and payable

     Cash, currency & tax management solutions

     Fixed assets

     Recurring revenue management