Small and medium-sized businesses looking for a sophisticated ERP system that is easy to use, versatile, and can be configured in the cloud or on-premises will find abundance value in Microsoft Dynamics 365 Business Central. Businesses that are willing to embrace digital technology may get a lot of benefits by using Dynamics 365.
On-premises ERPs are used by barely 15% of firms, compared to 86% of enterprises utilizing cloud ERPs. Automated procedures and workflows in Dynamics 365 Business Central allow your firm to integrate several disconnected systems while simultaneously enhancing productivity.
I this blog we will discuss the use cases of Microsoft Dynamics 365 Business Central
1. Low Cost of Ownership
A small or medium-sized business might benefit from using Dynamics 365 Business Central to manage its cash flow while keeping costs down. Your company can benefit from cloud ERP’s minimum infrastructure investment and lack of upgrade or maintenance expenditures. There is no need to make a large upfront payment when you choose a subscription model that charges you a predetermined monthly fee.
You will save money by avoiding the need for servers, management, specialized IT workers, and other costs associated with on-premises solutions. When you finally get your hands on Business Central, you’ll be up and running in a matter of minutes.
2. One-Stop Data Storage Facility
One source of information will be created for the whole organization, and it will be accessible to everyone in the corporation. This means that your data will be stored in a secure, central location that is constantly updated with the most current information. Everyone in the company may use the same data while making a decision or creating financial reports since it is shared across the organization.
Quick access to data reporting and analysis is possible, thanks to pre-installed dashboards. Better business decisions may be made and your company’s growth can be accelerated by utilizing data from several departments, including finance, administration, sales, purchasing, and inventory.
3. The ERP/CRM Functionalities are Combined
If you’re looking to improve customer service and build stronger relationships with your customers, Microsoft’s Business Central may be a good fit. As the sales cycle progresses, you can use CRM tools to keep track of client contacts and gain insight into upsell, cross-sell, and renewal opportunities.
Variable pricing and discounts that you choose yourself can benefit both individuals and businesses. When it comes to the customer experience, you may simply manage customer returns or after-sale issues, handle customer inquiries, supervise repair details, and respond to inquiries swiftly and effectively, among other things.
4. Supply Chain and Warehouse Management
There are numerous features to choose from in Dynamics 365 Business Central when it comes to managing inventories and the supply chain. Automated purchase orders based on sales forecasts and projected inventory shortages can increase supply chain efficiency when used with predictive stock replenishment.
Using a template to establish the best storage arrangement for your items in your warehouse may help increase the productivity of your processing and stocking sections.
5. Possessing the Flexibility
Cloud computing has made it feasible for you and your employees to instantly access your business data. As a result, you’ll be able to run your business from virtually anywhere, at any time, on any device. Adaptability is critical in today’s environment of remote work, where the norm is to work from home or from a coffee shop. Because of its versatility, Business Central can grow with your business, no matter how large or small those requirements may become.
6. Intensely simplifies Project Management
Additional features of Dynamics 365 Business Central include project management, which helps you keep your projects on time and within your budget. Using project timesheets, task accounting, and reporting tools, you can create, manage, and keep tabs on the development of projects. Managing resource levels can also be done by anticipating future capacity and revenue prospects. Your projects will be tracked in real-time, and you’ll be able to use this knowledge to keep your business profitable.
7. Enables a Single Point of Integration
Those who currently use Microsoft business programs like Office 365 in their organizations will be pleased by the ease with which Dynamics 365 Business Central integrates with them. Additionally, it comes pre-loaded with Microsoft Power BI dashboards. The Microsoft AppSource or a Microsoft Dynamics partner may be used to further customize and fulfill specific requirements of the business, allowing you to further personalize your service.
8. Confidentiality and Compliance with Data Protection Laws
Businesses of all sizes benefit from the stability and control that comes with using Dynamics 365. If you’re using a cloud-based service, you can be certain that your data will be safe and secure. Adding features like authorization, verification, password protection, and auditing may help make your app more secure.Microsoft Dynamics 365 Business Central helps companies conducting business globally to tailor their settings so that their data is captured and maintained in compliance with local standards.
9. Faster Implementation
Office 365 applications, the Power platform, and third-party add-ons and customizations all contribute to faster deployment. Since the system may be used in conjunction with other solutions, businesses can achieve their goals without having to make major changes to it.
10. Exceptional Customer Service and Easier Upgrades
Since add-ons and customizations are no longer included in the primary product itself, providing support is much easier. The program’s usage and support are made easier by the program’s clearly defined and discrete functional modifications. Because of software updates, it is no longer necessary to review every change and modification that has occurred throughout time and how they should be included in the current release.
Dynamics 365 Business Central, Microsoft’s enterprise resource planning solution for small and medium-sized businesses, retains its position as the market leader. When it comes to Microsoft’s Business Central, the company is gaining ground in the industry with the use cases listed above.