In today’s rapidly evolving business landscape, companies must be agile, streamlined, and cost-effective to stay competitive. For many organizations, migrating to a modern business management solution is critical to achieving these goals.
Microsoft has been a champion for SMBs, developing solutions specifically for them, such as Microsoft Dynamics 365 Business Central (formerly Dynamics NAV). This solution can reduce employees’ workload, improve customer relationships, reduce operational costs, and improve communication and collaboration.
This blog explores the benefits of migrating to Dynamics 365 Business Central, emphasizing the potential cost and time benefits.
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Overcoming hurdles in digital transformation
Organizations face challenges in customizing ERP solutions to their industry, multi-sourcing tools, or paying for additional reporting. This often results in limited functionality, manual processes, a lack of visibility, and poor automation. Legacy tools require constant manual updates, consuming more resources and budget.
To ensure business continuity and support remote work, SMBs have turned to Dynamics 365 Business Central. This data-driven decision-making tool streamlines cloud operations and drives better ROI while adapting to volatility.
Microsoft and Forrester interviewed businesses to understand the costs, benefits, and risks associated with migrating to the cloud. The analysis found that over three years, there was a benefit of 466,000 dollars versus costs of 178,000 dollars (Net Present Value of 288,000 dollars), with an ROI of 162 percent.
Key findings included:
- Reducing the need to hire finance and operations employees.
- Increasing productivity.
- Eliminating more than 44,000 dollars of third-party reporting.
- Avoiding more than 40,000 dollars in costs.
Cost-saving benefits of Dynamics 365 Business Central
Reduced IT Costs: One of the key advantages of migrating to Dynamics 365 Business Central is the reduction in IT costs. Since Dynamics 365 Business Central is a cloud-based solution, you won’t need to invest in expensive hardware, software, or infrastructure. Instead, you only need an internet connection to access the system from anywhere, at any time.
Increased Productivity: Dynamics 365 Business Central comes with various automation tools that can help streamline your business processes. For example, automating tasks such as data entry, invoicing, and inventory management can save time and reduce errors, leading to increased productivity.
Enhanced Reporting: Dynamics 365 Business Central provides advanced reporting capabilities to help you make data-driven decisions. With real-time insights into your business operations, you can identify areas that need improvement and make strategic decisions to optimize your processes.
Scalability: Dynamics 365 Business Central is designed to grow with your business. As your business expands, you can quickly scale the system to meet your changing needs and add new users, features, and functionality—helping you stay ahead of the competition.
Time-saving benefits of Dynamics 365 Business Central
Advanced Integration: By consolidating your data into a single, integrated platform, Business Central eliminates manual data entry and reconciliation. This saves time and reduces the risk of costly errors.
Powered with automation: Business Central offers powerful automation that helps you to streamline routine tasks, such as processing invoices and purchase orders. With workflows and approvals, you can ensure these tasks are completed accurately without constant oversight.
Improved Collaboration: The cloud-based nature of Business Central also means that your team can access data and work from anywhere, whether they’re in the office or working remotely. This enables seamless collaboration, which saves time and ensures that everyone is on the same page.
Implement Dynamics 365 Business Central with a certified Microsoft partner
Dynamics 365 Business Central can deliver best-in-class industry advantages, especially if companies engage a Dynamics 365 expert to assist with the process. Experienced Microsoft partners know their way around Microsoft ERP implementations, migrations, maintenance, and support. DemandDynamics is a trusted gold partner with a team of trained professionals with in-depth product knowledge. In addition, its famous on-demand services feature a pay-as-you-use model, where you pay only for hours consumed.
Connect with one of our industry experts to learn more about Business Central and other offerings.