Microsoft’s best kept secret- the cloud based finance solution that your finance team needs to know about

Software such as Sage and Pegasus have been key players for a long time when it comes to finance, and many are well versed in their current capabilities.

However, when it comes to a highly scalable, fully cloud-based ERP solution, another key player that gets overlooked is Microsoft’s Dynamics 365 Business Central.

Business Central, originally known as Navision back in 1984, was created by three Dutch college friends. It was acquired by Microsoft and renamed to Microsoft Navision, then Dynamics NAV in 2005, before finally being completely rebranded to Microsoft Dynamics 365 Business Central in 2018. In short, it has been worked on and improved for a long time!

Business Central is a business management solution, ideal for SMEs. It is highly scalable meaning it can work perfectly with one user or hundreds, making it the perfect ERP solution to support businesses as they develop. Business Central is a highly adaptable and feature rich software that enables companies to manage their business in its entirety, including finance, manufacturing, sales, shipping, project management, services, and more.

There’s a reason that Business Central is the fastest growing ERP on the market when compared to its competitors like Sage and Xero.

What benefits does Microsoft Dynamics 365 Business Central bring to the finance sector?

Microsoft Dynamics 365 provides organisations with a centralised solution to align their data, processes, and teams. It can provide a plethora of benefits to any company in the finance sector, below we have picked out a handful of standout benefits.

All your data in one place

Many companies in the finance sector do not have a single platform to manage and store data. The data is typically stored in different locations or kept across multiple spreadsheets. It becomes cumbersome and time-consuming to collate data from these separate files and places, and the chances of data loss are high.

Dynamics 365 Business Central provides a single unified platform, all in the cloud, that captures business-wide data in one place. It prevents data loss significantly and saves a lot of time and resources. You can also decide who sees what information, with user access and role-based mechanisms, to ensure security and maintain the confidentiality of data.

Detailed insights and reporting in real-time

Business Central provides real-time data access to your stakeholders, allowing them to make informed decisions. The users can generate reports quickly and easily without any technical assistance and analyse them to gain essential business insights.

It helps them to stay on top of the situation and react quickly to the evolving industry trends.

Fully customisable to meet your business needs

Microsoft Dynamics 365 Business Central takes into account that every business is different, there are multiple processes and workflows and provides multiple capabilities straight out of the box. However, if some additional features are required, it provides the flexibility for businesses to customise the software in line with their business needs and goals.

You can customise it with a wide variety of third-party applications that can easily integrate with Business Central. It can also integrate with other Microsoft applications such as Power BI, Microsoft Office Suite, Microsoft Outlook, and others.

Is Business Central right for your business?

The right ERP software, when implemented correctly, can transform the performance, growth, and financial health of your business. The software you select will directly affect your employees’ productivity and efficiency, as well as impact your company’s overall performance.

Before you go on to implement any software, ask the vendors or implementation partners you’ve shortlisted for demos. Demos give you first-hand experience and insights into what the solution will deliver, which in turn helps you to make an informed decision.

When choosing the right financial software solution for your business, working with a partner that listens to your business needs and helps guide your organisation through the obstacles of implementation is a great benefit.

Our team of Dynamics experts has over 30 years of experience in Business Central. They can help you identify pain points in your business, and assist you in making informed decisions on what would benefit your business best for long term growth. We can also provide detailed demos and training to your workforce to make sure that the implementation of your ERP is a success.

If you would like to learn more about how we can benefit your business, contact one of our Microsoft Dynamics Experts today.