Sustainability Management Capabilities with Microsoft Business Central

Sustainability Management Capabilities with Microsoft Business Central:  Microsoft Dynamics 365 Business Central is a business management solution for small and mid-sized organizations that automate and streamlines business processes and helps you manage your business. Highly adaptable and rich with features, Business Central enables your company to manage your business, including finance, sales, service, project management, distribution, manufacturing and more. You can easily add functionality that is relevant to your region of operation, and that is customized to support even highly specialized industries. Business Central is fast to implement, easy to configure, and leads innovations in product design, development, implementation, and usability. During this blog post we will explain what Microsoft Business Central is and highlight what the Sustainability Management Capabilities with Microsoft Business Central are.

A Proven Cloud-Based ERP Solution.

Business Central is an all-in-one, cloud-based ERP (Enterprise Resource Planning) solution designed to streamline your business operations. Cloud technologies provide a critical advantage for addressing the top business priorities and enabling businesses to:

• Adapt to new technologies.
• Improve security, privacy, and reliability.
• Enable scalability, flexibility, and easier onboarding.
• Free up IT resources to focus on high-value work.
• Leverage ready-to-use AI features.
• Accelerate business insights.
• Remain current and compliant.

The Microsoft Cloud takes these benefits a step further so you can run your entire digital infrastructure within the cloud. Dynamics 365 integrates with Microsoft 365, giving you unparalleled integration across systems and processes for better productivity and collaboration in one solution.

Microsoft Business Central Features

With years of development, Microsoft Dynamics 365 Business Central is a popular and proven Modern Business Management/ERP Solution for small to mid-sized organizations with robust features set most companies are looking for including:

• Financial Management
• Supply Chain Management
• Familiar Microsoft Business Tools Integrations
• AI Productivity
• Sustainability Management
• Analytics and Business Reporting
• Inventory and Supply Chain Management
• Sales
• Ecommerce
• Customer Relationship Management CRM)
• Project Management
• Service Management
• Human Resources
• Globalization and Compliance
• Administration
• Security
• Workflows and Automation
• Industry Solutions
• Customization and Integrations
• Migration from other ERP

Business Central offers comprehensive capabilities designed for small and mid-sized organizations. Everything from effectively managing your finances to streamlining operations including this new feature of Sustainability Management Capabilities with Microsoft Business Central. Microsoft Dynamics 365 Business Central has the power to scale and grow with your company in addition to the robust Enterprise Functionality to meet customer demands and stay competitive.

Sustainability Management Capabilities with Microsoft Business Central.

Sustainability Management.

This feature is designed to oversee and regulate an organization’s environmental footprint by tracking various greenhouse gas (GHG) emissions. In this way, it facilitates proper insights. It supports the basic process of collecting emission data via sustainability journals or purchase documents, and recalculation of emissions to CO2 equivalent. You can either manually enter known data or use built-in methods for calculating emissions footprints.

The Sustainability Management Capabilities with Microsoft Business Central include detailed metrics and tools to help organizations effectively manage their environmental impact.

Record sustainability entries with sustainability journals.

Manually record greenhouse gas (GHG) emissions in the sustainability ledger using standard recurring sustainability journals. These journals are designed to track and record sustainability-related activities with the same user experience as other journals in Business Central. You can manually enter emissions or use built-in formulas to calculate emissions based on known parameters or GL ledger balances.

Chart of Sustainability Accounts.

Use the chart of sustainability accounts as a foundational structured list to record all emissions data. It serves as a framework that categorizes and organizes sustainability accounts based on their attributes, such as the scope or other groupings. View reports that show sustainability ledger entries and balances. Open the sustainability account card to add or change settings. Configure the category and subcategory for the account.

Set up a category to determine which gas needs to be tracked, along with formulas for emission calculations. Additionally, you can use a subcategory as the source for emission factors in these formulas. View separate balances for emissions within a single account or across groups of accounts.

Record sustainability entries with sustainability journals.

Manually record greenhouse gas (GHG) emissions in the sustainability ledger manually using standard of recurring sustainability journals. Sustainability journals are designed to track and record sustainability-related activities by using the same user experience as other journals in Business Central. Manually enter emissions in a journal. Alternatively, use built-in formulas to accurately calculate emissions based on specific known parameters or balances from the GL ledger and emission factors that correspond to various types of sources and accounts.

Purchase documents.

Use purchase invoices and orders to record and track your greenhouse gas (GHG) emissions in any purchase-related document, saving time, avoiding double entering the same information, and providing better connection between financial and ESG information.

Sustainability Scorecards and Goals.

Sustainability Management Capabilities with Microsoft Business Central continues with the curate sustainability metrics and track them against key business objectives. Create goals based on current and target values and keep track of the progress of current emissions compared to previous periods as baselines. Create sustainability scorecards and assign goals for the entire company, a specific country, region, or a facility.

Work with Carbon Credit.

Carbon credits are permits that allow the owner to emit a certain amount of carbon dioxide (CO₂) or other greenhouse gases (GHGs). Set up items as carbon credits and purchase them as evidence of your carbon offset in sustainability ledger. Use purchase invoices or sustainability journals to record your carbon credits.

Sustainability Certificates.

Use sustainability certificates as a tool to validate your efforts to reduce your environmental impact and meet growing consumer demand for responsible practices. Create a sustainability certificate area to categorize similar certificates based on distinct characteristics. Create a sustainability certificate standard to provide third-party verified, transparent, and measurable criteria aligned with international ESG frameworks to promote responsible business practices. Add sustainability certificates for vendors and items.

Carbon Fee Calculation.

Another Sustainability Management Capabilities with Microsoft Business Central consists of an internal carbon fee is a monetary charge that a company imposes on itself for each ton of carbon emissions it produces. This fee is being used to fund the company’s emissions reduction efforts and to drive internal decision-making towards more sustainable practices. Set up and record your internal carbon fee as needed. You can set up different carbon fees per country, facility, period, or scope.

Next Steps:

Sustainability Management Capabilities with Microsoft Business Central are included with vast features that companies seek. These features are part of a robust ERP feature set that makes this Business Management Solution popular. Pricing for Microsoft Dynamics 365 Business Central is straightforward and affordable with two options: Essentials Licensing and Premium Licensing.

Explore the various functionalities that enhance business operations while adhering to environmental standards.

Discover Microsoft Dynamics 365 Business Central

Read more about Sustainability Management Capabilities with Microsoft Business Central.

Learn more about ERP capabilities from our articles in our Business Central Blog.

Learn about the Pricing and Licensing Options for Microsoft Business Central 

Posted by iCepts Technology Group, Inc. a Microsoft Dynamics 365 Business Central Partner in Pennsylvania