Microsoft Dynamics 365 Business Central is the leading new-age ERP that is helping businesses across industries adapt to digital transformation. Multiple ERPs are available in the market, like SAGE, Quickbook, GP, and other small ERPs. However, many of their customers opt to upgrade and migrate to Business Central as it offers them more benefits, features, and functionalities.
The primary reason is that Business Central is a business-wide solution that encompasses all the business functions, including financials, manufacturing, sales, marketing, operations, supply chain, etc.
Let us look at 10 other reasons various ERP customers choose Microsoft Dynamics 365 Business Central.
1. SaaS or On-Premise Deployment
Business Central provides companies deployment options, i.e. they can choose between the on-premise version or the SaaS-based version, wherein they can purchase licenses per their specific requirements.
If a company has to store data on their premise due to prevailing rules and regulations, they can opt for an on-premise version. However, a mid-sized company with limited budgets can opt for a SaaS-based version and save a lot of money on hardware, salaries, and other aspects.
You can read more about it in our blog, “Should You Opt For Dynamics 365 Business Central Cloud Or The On-Premise Version?”
2. Country specific taxations
Business Central allows businesses to manage their finances, including taxation, exchange rates, multi-currency transactions, etc. It makes financial management for a multi-country and multi-location business very easy. It also adheres to international financial compliances like the International Financial Reporting Standards.
Business Central makes country-specific taxation and financial management a seamless and easy process.
3. Control user access – user permission
Business Central provides a secured system wherein the admin can manage users and assign user-based permissions. Admin can give access to users for various parts of the application and monitor it too. An admin can add users, delete them, or change their access permissions if required. Business Central can also allow users access only for a certain period, which revokes automatically at the end of it.
These features ensure that the systems are secure and prevent any unauthorized access.
4. Role-Specific Dashboard
Business Central makes creating reports and dashboards easy for users. The process requires almost no technical assistance, and users with no coding knowledge also can make dashboards. Users can share dashboards with relevant stakeholders to share their insights and analyze data.
Since Business Central contains business-wide data, it also allows users to create dashboards quickly since they do not have to toggle between different systems to find, collate, analyze, and create dashboards.
5. User configured reporting tools- Analysis View and Account Schedules
Business Central enables users to analyze data with the help of Analysis View and Account Schedules. Analysis View allows users to create custom reports by sorting, filtering, grouping, and slicing and dicing data. You can refer to our blog about setting up an Analysis View for a step-by-step process.
Account schedules consist of various dimensions. A dimension is data used to group entries having similar characteristics like products, locations, customers, etc. It helps stakeholders gain insights into the financial data.
Business Central provides account schedules that the users can use as is. However, users can edit Account Schedules and set up additional rows and columns based on their requirements. Account Schedules make it easy for users to present their financial data and do calculations that users cannot do in the chart of accounts.
6. Approval and workflow
Different business-process-related tasks that users perform can be configured within Business Central. The system allows defining workflows consisting of multiple tasks forming a part of the process.
Business Central can support 3 workflow types:
- Automated Approval Workflows as per the inbuilt pre-defined workflow templates within Business Central.
- Automated Workflows set up by the users
- Manually triggered workflows from Automate
7. AI and ML
Business Central leverages the power of AI and ML to help companies plan various aspects of their business more efficiently. It can help predict late payments, forecast sales, or manage inventory based on historical records. It can also help companies manage their supply chain more effectively by identifying bottlenecks or predicting shipment delays.
These capabilities help businesses improve their efficiencies and streamline their processes.
8. Personalization
Business Central allows users to personalize their instances as per their preferences. It provides them multiple options to customize the look and feel of their environment. If there are any errors or a user has added too many fields, the user can opt to go back to the default version by using the “Clear Personalization” option.
Another use case for personalization is for the marketing teams. They can segment customers based on pre-defined criteria. They can create and execute personalized marketing campaigns for each set of customers.
9. Extensive marketplace for apps and add-ons
Microsoft offers AppSource, a marketplace consisting of multiple popular third-party apps and add-ons. A company can integrate them with Business Central and further expand its capabilities. There are more than 3 million monthly active users, and it has more than 20,000 apps available. Also, Microsoft gives app developers an opportunity to create apps and add to the AppSource.
10. Integration with other Microsoft Products
Business Central is also compatible with other Microsoft products like Office 365, Azure, Power Platform, Teams, etc. The look and feel of all Microsoft products are similar, providing user familiarity and comfort while using Business Central.
Let us consider the example of Microsoft Excel. Excel is used extensively by companies across the globe. Users can edit excel documents within Business Central. They can further strengthen Excel’s capabilities by combining it with Power BI.
Also, the users save a lot of their time on training since they are familiar with the interface and do not have to learn multiple solutions for their daily tasks. Since everything is accessible within Business Central with the single sign-on feature, they also save time switching between different applications.
The benefits mentioned are not exhaustive. Business Central is the leading solution in the market for the reasons mentioned above and many more!
If you want to upgrade to Dynamics 365 Business Central for your business, get in touch with experts at Direction Software. Direction Software is a Microsoft Gold Partner for Enterprise Resource Planning. We are a multicultural Information Technology Solutions and Business consulting company with Indo-German Management, headquartered in Mumbai, India.
We offer Bespoke solutions on .Net, Java & open-source platforms, E-Business consulting, Back Office Support, Business Intelligence, and Mobility Solutions.
About the author:
Chirag Thakkar – Sr. Digital Marketing Consultant
At Direction Software LLP, Chirag works with the Marketing Team to enhance the Digital Marketing presence and Lead Generation.