As businesses grow, their needs change as they would have to cope with versatile and complex problems. As a result, operations can slow down when the number of processes, tools, information, and tasks increases. Investing in an integrated cloud-based platform can help enterprises seamlessly connect their operational systems and make data siloes a thing of the past. Dynamics 365 Enterprise Resource Planning ERP software enables mid-market organizations to manage and scale their business operations more efficiently and boost productivity as it caters to all their needs in agile and connected processes.
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DYNAMICS 365 ERP APPLICATIONS
An Enterprise Resource Planning (ERP) software manages and integrates business processes end-to-end. An ERP platform optimizes modules such as Finance and Operations, Retail, Human resources, Supply Chain Management, and more:
- Finance and Operations:
Dynamics 365 Finance provides dashboards and AI-driven insights that give you a 360-degree view of your financial data and help you access it remotely. Dynamics 365 ERP also eradicates the need for manual data entry as it automates daily tasks and provides better planning tools.
- Human Resource:
It is a unified employee management platform that manages company data and streamlines employee management tasks such as payroll, hiring, and other complex HR functions. As a result, companies can recruit talented candidates, track employee performances, and enhance employee experiences.
- Retail and Commerce:
A modern ERP software provides an omnichannel solution to enhance and integrate in-store and digital shopping experiences. AI recommendations make shopping more customer-centric and personalized according to the online behavior of each buyer. In addition, sellers can improve their productivity and profitability and carry out cyber-safe transactions.
- Supply Chain Management:
A cloud-based ERP software automates inventory tracking and warehouse data management. It offers AI solutions such as dashboards, business intelligence, and Internet of Things (IoT) technology for better inventory management. Microsoft Dynamics 365 ERP helps companies save time and money.
Cloud-based ERP solutions break down siloes between the front and back-office operations and help businesses carry out key functionalities from a unified source. Microsoft Dynamics 365 ERP has become the most sought-after solution by businesses aiming for digital transformation.
WHY CHOOSE DYNAMICS 365 ERP SYSTEM FOR YOUR BUSINESS?
Manually intensive and disconnected processes can hamstring growth. One of the critical challenges small and medium-sized organizations face while scaling their operations is building a connected business ecosystem. An ERP software solves this challenge by offering a cloud-based platform that connects the company’s financials, supply chain, operations, commerce, reporting, manufacturing, and human resource activities. As your company expands, your needs will become diverse and ever-changing, and having ERP software that synchronizes your systems can help you go a long way.
DYNAMICS 365 ERP IMPLEMENTATION PROCESS
Step 1: Business Process Review
The first step to a successful Dynamics 365 ERP implementation process is to precisely evaluate current processes while ensuring that the existing processes are not disrupted.
Step 2: Dynamics 365 Review
Build knowledge about the features and functionalities of Dynamics 365 ERP in order to chart out implementation costs, identify performance gaps, and choose processes that require automation.
Step 3: Create a Data Migration Plan
Make a thorough data migration plan for a smooth implementation process. Prior to data-migration, remove redundant and inaccurate information to ensure holistic value for your new ERP system.
Step 4: Test Extensively
Test the implementation process with sample data to make sure that the integrations are smooth and validate system output. Identify and eradicate performance issues before rollout.
BENEFITS OF MICROSOFT DYNAMICS 365 ERP
ERP from Microsoft Dynamics 365 gathers data from different sources, offers a holistic view of operational processes, and shoots up productivity. A few of the benefits of an ERP system include the following:
- Increased productivity and time-saving
An ERP software eliminates the need for manual processes and routine tasks and saves time and effort for your team to concentrate on other critical tasks. In addition, it integrates different departments and enhances work collaboration by providing a unified platform accessible by all the organization’s teams.
- Business reporting
Microsoft Dynamics 365 ERP provides a unified system for reporting processes and enables you to track and analyze performances across several departments using easy-to-access reports and dashboards. In addition, it eliminates data redundancy and centralizes data to improve accuracy.
- Hosted in the Cloud
Cloud-based systems offer highly secure data as it stores information in a single source, and back up to the cloud happens instantly to keep your data safe.
An ERP software combines multiple systems into a single platform. As a result, it cuts down the overall cost that companies need to spend separately for several factors such as staff, IT infrastructure, and licenses. It can also be customized according to specific business needs across various industries.
HOW MUCH DOES A DYNAMICS 365 ERP IMPLEMENTATION COST IN 2022?
The cost of a Dynamics 365 ERP implementation depends on various factors involved in the project. Issues such as technical problems, lack of user adoption, and increased time consumption also play a role. The process of installing, integrating, and maintaining a new ERP software is tedious, so it’s best to work with certified industry experts for a cost-effective and error-free process. The right implementation partner will work hand-in-hand with your team, help you leverage the solution, and support you with training and post-implementation services.
FIND THE RIGHT DYNAMICS 365 ERP IMPLEMENTATION PARTNER
Certified Microsoft Dynamics 365 experts can make an implementation process steadfast, successful, and steady. DemandDynamics is a trusted Microsoft Gold certified partner that has tied up with a wide range of customers across various industries for Microsoft Dynamics 365 ERP implementation, customizations, migrations and support. In addition, its On-Demand Services have helped several companies leverage the solution efficiently and cost-effectively.