What is Microsoft Dynamics 365 Business Central?

Microsoft Dynamics 365 Business Central is a popular and robust Enterprise Resource Planning (ERP) Business Management Software designed for small to mid-sized companies.  This Cloud Solutions leverages the power of modern cloud technologies coupled with advanced capabilities to meet the requirements of businesses seeking to connect their multiple departments into one.  Building from the functionality of Microsoft’s most popular business ERP software, Microsoft Dynamics NAV “Navision, Microsoft Business Central is the “next generation” of Business Enterprise Solutions. In this post, we will explore the history of Microsoft Dynamcis 365 Business Central, its capabilities, reasons why companies are selecting this ERP System, Pricing and Deploment Options, and How to learn more and get started!

Microsoft Dynamics NAV “Navision” ERP Explained:

We can’t discuss the origins of Microsoft Dynamics 365 Business Central without talking about Microsoft Dynamcis NAV “Navision” Software. Navision is the original ERP system for Microsoft Dynamics NAV.  More specifically, “Navision” was the name of a Danish accounting package that was founded in 1983 in which Microsoft acquired in 2002.  Microsoft had 4 business management systems that are part of a category of “Enterprise Resource Planning” systems or ERP that are designed to connect many different business units under one system.  Microsoft “Navision” has had several name changes over time including “Navision Financials”, “Navision Solutions”, “Navision Attain”, and “Microsoft Business Solutions”.  In 2005, Microsoft re-branded this ERP product and called it “Microsoft Dynamics NAV”.  People call this system “NAV” as one word, however, the correct terminology is spelling out the words “N, A, V”.  Frequently, users today, still call it “Navision”, though.

Enterprise Software, like Microsoft Dynamics NAV, is designed to handle the complex interworking of a company’s financials, inventory, warehousing, sales, purchases, manufacturing, etc. under one system to streamline supply chain operations and get a much better idea of trends and business data through advanced detailed reporting.

Throughout its history, Dynamics NAV has been released with many editions to help gain access to this vital business intelligence and to make it both easy to use and customizable to adapt to an organization’s unique business needs.

Microsoft Dynamics NAV Compared to Microsoft Dynamics Business Central:

While Microsoft Dynamics NAV was a proven and trusted ERP solution, used by over a million users at one point, advances in business systems, especially cloud business technology cumulated in the “next generation of Dynamcis NAV that incorporates modern digital transformation, a fresh new intuitive interface, and a modern business solution tailored to the cloud with more add-on functionality options.

While Microsft Business Central vs Navision certainly had some similarities in providing companies with robust enterprise capabilities, there are compelling reasons to select the Microsoft Dynamics 365 Business Central for companies beginning to decide on new business management solutions or upgrading their Microsoft Legacy Navision Software including

Affordable and Extensive Business Management Functionality: From Advanced Financial Management, Effective Inventory, and Supply Chain Control to Warehousing, Manufacturing, and much more, Microsoft Business Central has over 100 distinct business ERP functionalities for small to mid-sized organizations. There are 2 main licensing types: Microsoft Business Central Essentials which is $ 70/user/month + services, or Microsoft Business Central Premium which is $ 100/user/month + services. With cloud business systems, your licensing cost is very manageable compared to traditional on-premises software deployment.  To help you decide, please read Essential and Premium Business Licenses- How to Choose. In addition, for a quick estimate, simply access our Microsoft Business Central ERP Estimate Calculator.

Microsoft Solutions Integration: A leader in Business Solutions Research and Development; Microsoft’s innovative office tools are deeply integrated to boost productivity.  Familiar Business Solutions are part of a total suite of systems to help your company such as Microsoft 365 (Office 365), CRMPower BI, and others.  These Microsoft Cloud Solutions are continually being updated and enhanced to bring companies the latest in business productivity tools.

Cloud ERP Advantages:  Costly upgrades and relying on your existing infrastructure are in the past when you select Microsoft Cloud ERP Systems. In addition, you get the latest features to power your business for future growth. Companies making the transition to Cloud ERP Solutions from Traditional On-Premises Software can be relieved to know that they don’t have to worry about a costly upgrade to the latest On-Premises Software version as Cloud Technology is continually being updated regularly.

Microsoft AppSource: Easily extend Microsoft Dynamics 365 Business Central’s functionality through Microsoft’s App Source which is a place to find distinct apps for virtually every business requirement. There are hundreds of business applications to tailor your business solution to meet your needs. There are numerous categories and industries to choose from including Apps for Wholesale Distribution, Manufacturing, Professional Services, and More!

Robust Business Intelligence & Reporting: Having up-to-date business data on how your company is performing on key metrics is critical today.  Business Central has extensive reporting capabilities including having embedded Microsoft Power BI (Business Intelligence) which can give you analytical insightful visual data for better strategic decisions for your company. We at iCepts Technology Group have developed Custom Power BI Dashboards for Microsoft Business Central from customer feedback on key metrics they would like to see in their Business Solution

Preview Microsoft Business Central

Microsoft Business Central Functionality and Pricing:

As mentioned, previously, there are 2 versions of Microsoft Dynamis 365 Business Central, which are the Essentials and Premium Licensing. Users must decide which version to get based on their business requirements.  Below is a summary of each version of Microsoft Business Central: Essentials vs. Premium in addition to the cost associated with each: $ 70/user/month for Microsoft Business Central Essentials and $ 100/user/month for Microsoft Business Central Premium.  The pricing is based on a named user basis and the total cost for Microsft Business Central will also include any sort of services required for proper installation, setup, training, and ongoing support. It is best to consult with an experienced Microsoft Business Central partner, such as iCepts Technology Group, Inc. who can guide you through every step of the way.

Essentials $ 70/Month/User

Premium $ 100/Month/User

Resources

Financial Management

  • General Ledger

  • Dimensions

  • Multiple Currencies

  • Budgets

  • Account Schedules

  • Consolidation

  • Intercompany Posting

  • Cash Flow Forecast

  • Fixed Assets

  • Cost Accounting

  • Deferrals

  • Bank Account Management

  • Reconciliation

  • Your Content Goes Here

Sales/Marketing/CRM

  • Contact Management

  • Campaign Management

  • Document Management

  • Opportunity Management

  • Microsoft CRM Integration

Sales Management

  • Sales Invoicing

  • Order Management

  • Campaign Pricing

  • Alternative Shipping Addresses

  • Return Orders

Purchasing and Payables

  • Purchase Invoicing

  • Order Management

  • Alternative Vendors

  • Vendor Catalog Items

Inventory

  • Inventory Management

  • Categories

  • Attributes

  • Tracking

  • Multiple Locations

  • Stock Keeping Unites (SKUs)

  • Location Transfers

  • Shipping Agents

  • Item Cross Referencing

  • Item Substiution

  • Item Budgets

  • Analysis Reports

  • Cycle Counting

Supply Chain Management

  • Supply Planning

  • Demand Forecasting

  • Sales and Inventory Forecasting

  • Order Promising

  • Drop Shipments

  • Order Promising

  • Order Planning

Project Management

  • Resources

  • Capacity Management

  • Multiple Costs

  • Jobs/Projects

  • Time Sheet

Warehouse Management

  • Bin and Bet Setup

  • Inventory Pick/Put Aways

  • Warehouse Receipt

  • Warehouse Shipment

  • Internal Pick/Put Aways

  • Warehouse Management Systems

Everything Included in Essentials, plus

Service Management

  • Planning and Dispatching

  • Service Contract Management

  • Service Item Management

  • Service Price Management

Manufacturing

  • Assembly Management/Kitting

  • Standard Cost Worksheet

  • Production Bill of Materials (BOM)

  • Capacity Planning

  • Machine Centers

  • Version Management

  • Production Orders

  • Finite Loading

Capability Guide

Business Central Capbilitiy Guide

Licensing Guide

licensing guide

Estimate Calculator

Request Demo

    Your Phone

    Please prove you are human by selecting the truck.

    Share This Story, Choose Your Platform!

    Post Categories