#dynamicsnav

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Data Migration From Nav To Business Central

Migrating from Microsoft Dynamics NAV to Business Central is a strategic move that empowers businesses to embrace modern cloud capabilities, streamline operations, and enhance scalability. Business Central offers a more intuitive user experience, improved integration with Microsoft 365 and Power Platform, and regular updates that keep your system future-ready. Organizations that upgrade gain access to enhanced reporting, AI-powered insights, and increased mobility, making it easier to adapt to changing business needs. The data migration process involves careful planning, including assessing current customizations, cleaning legacy data, and mapping fields between NAV and Business Central. Using Microsoft’s migration tools and best practices, businesses can ensure a smooth transition with minimal disruption. By modernizing their ERP systems, companies not only improve performance but also position themselves for long-term growth and innovation. For a detailed guide on migrating from Dynamics NAV to Business Central, visit: https://www.intelegain.com/dynamics-nav-to-business-central/

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Microsoft Dynamics NAV has been one of the most successful ERP systems and has helped numerous companies pave their way to success. Best suited for small and medium-sized enterprises, this powerful system has helped many businesses pave the way to their success. But now that Microsoft has ended active support for Dynamics NAV, businesses must upgrade to Dynamics 365 Business Central – the latest and more advanced version of NAV. So before you plan a migration from Dynamics NAV to Business Central, it’s essential to understand the history and evolution of this ERP system, and how it has transformed into one of the best enterprise tool for SMEs.

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A complete guide to global payroll systems for multinational corporations

[demanddynamics]

How a CFO can leverage Dynamics 365 Business Central capabilities?

Digital technology helps CFOs better manage, analyze, and present data that yields most significant value.

How can a CFO leverage Microsoft Dynamics 365 Business Central capabilities?

The role of Chief Financial Officer (CFO) is not just financial management; everything in an organization impacts the CFO’s commitment to an organization. There is no doubt that the primary job responsibility is to optimize a company’s financial performance and financial sustainability. While these continue to be the CFO’s mission-critical responsibility, the CFO needs to manage risks, build innovative strategies, and incorporate the right technology and automation to transform the business, aside from their financial responsibilities. CFOs face many evolving challenges that include increased regulatory scrutiny, adapting to constant technology transformation, meeting ever-evolving customer expectations, and identifying business issues.

Why CFOs need a Digital Technology Tool?

With more responsibilities and challenges, the need for investing in the right digital technology becomes vital in managing the complexity involved. Digital technology helps CFOs better manage, analyze, and present data that yields the most significant business value. The right technology presents the finance leaders with an opportunity to accelerate decision-making. Many companies have implemented ERP to put their struggles away. Here is a list of benefits that prove why having an ERP makes the CFO work easy.

Top 5 ERP Benefits that Makes CFO’s Life easy

Unified View of Enterprise Data: An ERP system helps you get a single, unified view of the financial data, a real-time view of the enterprise’s core business processes. It helps to collect, process, and analyze data. With this, the CFO can read multiple data variables to make quicker, data-driven decisions.

Visibility and Tracking: Having an ERP system enables you to get complete visibility throughout your organization. It helps a CFO view whether the organization is performing based on the KPIs, looking at the results, identifying the issues, and immediately taking corrective measures.

Predictive Analytics: The right ERP powered with a robust analytics tool can enable the CFO to leverage data and predictive analytics to better read the organizational trends and plan.

Compliance Ready: ERP systems come with a high-level toolset that helps companies manage compliance and finance-related reporting. The CFO can use the reporting interface available within an ERP to investigate and remediate regulatory compliance deficiencies across the business processes promptly.

Cost optimization: One of the major concerns for a CFO is cost optimization. A cloud-based ERP system enables the CFO to cut down excessive investments of the legacy IT infrastructure and any additional investment required for hardware and software installation in the future.

Dynamics 365 Business central – the best ERP solution

Business Central is an intuitive and scalable ERP solution by Microsoft that connects operations across your small or medium-sized business. It is a part of the Microsoft Dynamics 365 suite, and it shares the same codebase as NAV. With Business Central, an organization will make more informed decisions as it connects data across accounting, sales, purchasing, inventory, and operations while streamlining your processes and improving your customer interactions. Business Central is packed with rich capabilities that make it the best ERP solution that is available in the market. Some of the significant advantages that Business Central brings are –

Cloud: Adopt new business models faster with flexible deployment, reliability, and security.

Integration: Connect people, processes, and insights to make better decisions faster with embedded guidance and dashboards.

Visibility: Accelerate financial close, improve forecasting, and get real-time performance metrics.

Connected service: Manage the entire sales process from within Microsoft Outlook to deliver better outcomes with connected service operations.

Planning: Ensure successful project execution with planning, resourcing, tracking, costing, billing, accounting, and real-time intelligence.

Inventory: Adapt to changing business models with visibility across purchasing, manufacturing, inventory, and warehouses.

How Can CFOs Leverage Microsoft Dynamics 365 Business Central Capabilities?

Business Central can enable a CFO to be equipped with connected data from reports, charts, and Microsoft Power BI dashboards across finance and accounting, sales, purchasing, and inventory to be proactive about the organization’s financial health. To put it clearly, we have come up with a list of ways Business Central can help CFOs.

Control Your Financial Data: By having Business Central in your organization, as a CFO, you can manage your cash flow, bank reconciliations, fixed assets, budgeting, and project costing while shortening cycle times with the late payment–prediction extension.

Automate Your Business Processes: All theDynamics 365 solutions are connected with the Power Platform. With that, you will be able to create workflows that hook together systems in a way that creates a seamless experience.

Monitor Entire Financial Performance: Business Central uses built-in reports, Excel, or Microsoft Power BI and unlimited data dimensions to give you real-time cash flow, help you identify financial patterns, analyze trends, and improve business planning. You can connect reports, charts, and Power BI data across teams to get accurate insights and make financial decisions.

Collaborate With Your Team: A finance team has to be more collaborative than any other team in an organization as they deal with numerous documents and reports across the organization. Microsoft Dynamics 365 Business Central, with Microsoft 365 and Teams integrations, a CFO can seamlessly collaborate within their team/ other team/ vendors in no time.

Power up Your Reporting with AI: Power BIiss one of Microsoft’s reporting tools that can be used across all different systems. With Power BI in your Business Central system, you will be able to quickly get access to live reporting, real-time insights and act upon those promptly. Several powerful AI pieces built into Business Central can help you increase productivity by speeding up repetitive tasks and improving cash flow by helping with inventory.

Business Central Dimensions: ‘Dimensions’ is a powerful Business Central tool that enables CFO to get their hands on detailed reporting with great depth and speed. Unlike other methods, instead of having hundreds of G/L codes, you can use ”Cost Centre” and ”Department”/ any other as Dimensions in Business Central.

Quickly Expand into Global Markets: You will have the ability to support multiple currencies easily, exchange rates, consolidations, intercompany transactions, and localized tax regulations with Business central capabilities.

Accelerate Financial Closing: Financial close and reporting is quite a nightmare with the volume of data in an organization. Business Central helps you reduce month- and year-end closing times with connected general ledger, accounts receivable, payables, and fixed assets data. You can also streamline approval workflows using Power Automate in Business Central.

Find the Right Way to Leverage Business Central Capabilities for Your Organization

What we have seen in this blog is just a glimpse of what Business Central can benefit a CFO in an organization. But, there are a lot more features and capabilities of Business Central that can help transform your business.

To explore how you can find the right way to leverage Business Central capabilities and accelerate your business value, reach out to us!

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Track and Analyze Business Financials with Dynamics NAV

Leveraging the key capabilities of robust Financial Management Software across accounting and finance can help you track and analyze your business information without much hassle. It offers end-to-end integration to help finance administrators efficiently manage the General Ledger, pay ables, receivables, inventory, analytical accounting, fixed assets, and cash flow. Moreover, it allows you to perform bank reconciliations and collections. Also, you can manage financial processes across multiple currencies, locations, or companies as well.

Source(s)- https://dynamics365india.blogspot.com/2021/01/financials-with-dynamics-nav.html?m=1

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Microsoft Dynamics NAV 2018 upgrade - What's New?

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Microsoft DynamicsNAV Consultants

Dynamics 365 Business Central is sold and implemented through a global network of Dynamics 365 partners with industry expertise. We are also authorized Microsoft Gold Partner who can help you. If you’re looking for Microsoft DynamicsNAV Consultants  or Cloud Solution Provider, you should contact us. We can help you with D365 Licensing, Implementation, Customization, Integration, & Support Services.

Source(s)- https://dynamics365india.blogspot.com/2020/04/dynamics-365-business-central-bringing.html

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Microsoft Dynamics NAV est un progiciel de gestion intégrée (ERP) global qui renforce le contrôle des petites et moyennes entreprises sur leurs finances et simplifie la chaîne logistique, la fabrication et les opérations. Elle est rapide à mettre en œuvre et facile à utiliser, et a le pouvoir de réaliser vos objectifs de croissance.

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Want to move your existing NAV solution to Dynamics 365 Business Central? 

👉 Watch this video to learn about the transition from your existing NAV solution to Dynamics 365 Business Central and how can Alletec help you get started: https://youtu.be/GP2KT6DOi4U

#MSDyn365BC #DynamicsNAV #alletec

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Votre activité a peut-être commencé progressivement, mais le fruit de vos efforts et l’enthousiasme l’ont fait croître. Si des systèmes existants ont un impact sur votre potentiel de croissance, il est temps de passer à la prochaine étape.

Une solution métier Microsoft met au centre vos employés en leur apportant des applications métier, des données, des documents et des appareils, ce qui leur permet d’optimiser leur temps. Du serveur au cloud, du bureau aux appareils mobiles, bénéficiez d’une expérience utilisateur familière pour automatiser vos activités, augmenter les ventes, renforcer la collaboration et séduire vos clients.

La croissance de votre entreprise n’est pas qu’une question de travail acharné. Vous avez besoin d’une vue globale, d’un contrôle complet sur vos finances, de la possibilité de rationaliser vos processus et de réduire vos coûts. Vous avez également besoin de répondre aux attentes de vos clients au quotidien.

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Why upgrade to Business Central from Microsoft Dynamics GP?

There is a lot of literature in the business world that recommends organizations using Microsoft Dynamics GP to upgrade to its successor, the Dynamics 365 Business Central. 

In the wake of this information conundrum, the big question that organizations are asking is “why?” If both Microsoft solutions serve the same purpose as an ERP, why upgrade to Business Central from Dynamics 365 GP? What does Business Central offer that would convince someone to make the switch? In this blog, we are attempting to unravel the puzzle, put all the pieces in the right place, and find the answer for all these questions.

Defining Microsoft Dynamics GP and Dynamics 365 Business central

Microsoft Dynamics GP is an on-premise Business Management solution, which enables you get better and efficient control over your financials, inventory, and operations. It is a flexible, configurable, and quick business management solution that can handle the management of your financial, accounting, inventory, operations, sales, service, HR, payroll, BI, and reporting.

On the other hand, while Dynamics 365 Business Central is also a business management solution, here are the differentiators. It has a rich and modern user experience, more flexibility to be deployed either in cloud, on-premises or in a hybrid combination. So, the major difference is that Business Central is more of a cloud-based solution while GP is an on-premise solution.

Why upgrade to Business Central?

Ease of Access: Since your business management solution is cloud-based, you and your team can access the solution from anywhere at any time using any device. This will ensure better collaboration between your team and improve the overall productivity of your business.

Security and Disaster recovery: Moving to the cloud-based management solution can ensure security as it can enable better disaster recovery plans. Also, it can expand the tools you use, reduce limitations, and adapt to the growth of your business.

Automatic updates: The Business central subscription service comes with automatic updates without incurring any additional cost. The updates are not only automatic, but it is quicker compared to the Dynamics GP updates.

Cost-effective solution: Dynamics GP being an on-premise solution can cost you more in terms of time and money, that is spent on servicing, maintaining, upgrading it whenever necessary, and so on. Business Central comes as a subscription-based service to make sure that it can help you reduce the exceeding cost without compromising on the solution.

Integrated CRM: Unlike the Dynamics GP that requires you to integrate Microsoft Dynamics 365 Sales to have CRM capabilities, Dynamics 365 Business Central comes with an integrated CRM.

Machine Learning and Business intelligence: Dynamics 365 Business Central provides you access to new technologies and integrations, including Machine Learning and Business intelligence, which is one step ahead compared to Dynamics GP.

DemandDynamics’ Business Central Implementation Services:

We have seen what Dynamics 365 Business Central is, how it can benefit you and its significant advantages as a cloud-based management solution. But, if you still need help in deciding which could be the best solution for your business, you can reach out to us. 

As a Microsoft Gold partner and Dynamics experts, we can help you make the right choice.