The Ultimate Guide to Dynamics 365 Business Central – Features, Benefits & Licensing Types

Guide to Dynamics 365 Business Central

A complete guide you need to know about Dynamics 365 Business Central

A robust system supporting your organization’s goal is crucial to succeed in this competitive era. More than 80% of businesses prefer and plan to move to a cloud-based ERP system. It provides complete visibility into core business processes and optimizes systems through resource tracking and reporting, database management, and data sharing. Optimizing business processes and enhancing the overall corporate experience is vital for businesses.

Dynamics 365 Business Central revolutionizes how you do business. Streamline data, automate business processes, and engage customers at another level.

What is Dynamics 365 Business Central?

D365 Business Central (formerly known as Dynamics NAV) is an ERP solution that manages all your business processes in one place. With its intuitive interface and strong software engine, Business Central covers all modern business experience pillars.

Business Central is designed for small or medium-sized businesses that have outgrown their entry-level accounting software. It offers a more robust program to manage back-end business processes. It is a single, end-to-end solution for managing your finances, operations, sales, and customer service. Dynamics 365 Business Central easily upgrades from entry-level accounting software or legacy ERP systems. It can be customized with Power Apps, Power Automate, and Power BI for specific needs. In addition, it can also seamlessly integrate with other Microsoft cloud services.

What can you expect from implementing Dynamics 365 Business Central?

What can you expect from implementing Dynamics 365 Business Central?

Microsoft Dynamics 365 Business Central provides significant benefits that revolutionize the way you do business.

Benefits of Microsoft Dynamics 365 Business Central

  • Adopt new business models faster

Business Central is an adaptable solution that grows with you, ensuring business continuity. It connects everything from sales, service, finance, and operations teams for quick results. With Business Central implementation, you can adopt new business models faster with flexible deployment, reliability, and security.

  • Streamline your data across the organization

Streamline organizational data across accounting, purchasing, sales, inventory, and customer interactions to gain visibility and avoid unnecessary expenditures and fraudulent purchases.

  • Enhance productivity with business insights

Dynamics 365 Business Central connects people, processes, and insights for better decisions. It offers embedded guidance, dashboards, and interoperability with Microsoft 365 and Microsoft Teams. Built-in monitoring features track projects and employee activities and provide vital information for sound financial decisions, smart budgeting, and strategic planning.

  • Gain financial visibility and real-time performance metrics

Most businesses fail because of poor cash flow management. With Dynamics 365 Business Central, accelerate financial close, improve forecasting, and get real-time performance metrics while ensuring compliance and security across subsidiaries.

  • Boost sales and improve customer service

Maximize revenues with knowledge of all customer interactions, including upsell, cross-sell, and renewal opportunities. With this, you can prioritize sales leads by revenue potential. Better manage the sales process from within Microsoft Outlook and deliver improved outcomes with connected service operations. Access client data easily, manage customer service operations, anticipate demands, and respond quickly to inquiries.

  • Optimize inventory and supply chain management

Optimize inventory, deliver products on time, and adapt to changing business models with visibility across purchasing, manufacturing, inventory, and warehouses. Use sales forecasts and anticipated stock-outs to generate effective production plans and purchase orders. The proper delegation of workload, allocation of machinery, and planning of production processes all translate to efficient order fulfillment.

Features and functionalities of Microsoft Dynamics 365 Business Central

  • New, intuitive user interface

Microsoft Dynamics 365 Business Central features a modern, intuitive, and familiar interface. Customize the user interface with role-specific views, personalized feeds, and smart notifications for a simpler user experience. It gives users access to its rich functionality across Windows, iOS, and Android desktops, phones, and tablets.

  • Seamless integration with other Microsoft services

Business Central seamlessly works with other Dynamics 365 apps and Microsoft apps like Office 365, PowerApps, Microsoft Flow, and Power BI. Extended integration with Outlook enables quote-to-cash features from within the inbox.

  • Native intelligence and machine learning

Business Central is also powered by Microsoft’s enormous investments in AI and machine learning. Business Central utilizes AI capabilities for accurate forecasts, next-step recommendations, and valuable analytical insights.

  • Simple customization

D365 Business Central helps users customize the solution to better meet their unique business needs with its in-client visual designer. Create custom business apps and workflows using Microsoft PowerApps and Microsoft Flow with the Common Data Service for Apps.

  • Streamlined financial management

Business Central enables you to streamline your financial management and get real-time visibility into performance. With Business Central, you can easily share information securely and gain control over your cash flow and budget.

  • Order processing

You can easily monitor and control your sales order and purchasing order through automated workflows and dynamically updated inventory levels. With this feature, you will also be able to prevent unnecessary purchases.

Related: The Perfect Business Central implementation in 120 hours

Microsoft Dynamics 365 Business Central License types

Dynamics 365 Business Central has rich features and functionalities that can transform your business. However, the license you pick will choose the features you have access to. Every license includes varied capabilities.

Business Central licenses come in three types –

  1. Team Member license: The team member license has access to basic features – the user interface, intelligence, and customization.
  2. Essential license: This provides access to most of BC’s features, including financial management, customer relationship management, human resources management, project management, and supply chain management.
  3. Premium license: The premium licenses include everything available for other licenses, plus access to service order management and manufacturing features.

Things you need to consider beforehand

Every new technology looks very attractive and exciting with its features. When upgrading to new technology, ensuring it helps you remain profitable and prepares for future growth is important.

Business Central is a feature-rich ERP solution with extensive functionalities and capabilities. Choosing the right license to support your business needs is essential. We are here to help if you have any doubts about implementing Business Central.

Discuss your business process, industry-specific goals, and current and future requirements with our team of Microsoft Dynamics Experts.

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