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What is Microsoft NAV ERP? Explore more about dynamic NAV

Do you know about Microsoft Dynamics NAV? It is an enterprise resource planning solution developed by Microsoft to assist in business management. Microsoft Navision is widely known as NAV among ERP users. 

Microsoft Dynamic NAV is a solution for business management. It is developed to assist small businesses that can manage operations like supply chains, analytics, and so on. 

You will also find customer relationship management features in the Microsoft Dynamic NAV. If you want both CRM and ERP solutions, then Microsoft Dynamics is going to be the most suitable solution for you. 

The Microsoft Navision ERP is popular because it saves users time. This feature allows users to automate some of the manual tasks like sales, accounts, purchases, and so on. This application is fruitful for business development because it is time-saving and productive as well. 

What makes it recommended for you is flexibility. Microsoft Dynamics NAV ERP secured the data and provided it as per the requirement. NAV primarily makes data management easier. 

Traced the history of Navision

Navision brings revolutionary changes, and it allows users to invest their time in productive things. It started in 1984 and performed multiple functions like tracking finance, credit, etc. from a single system. When Microsoft Dynamic Navision was introduced, it seemed like a one-time solution for everyone.

Dynamic Navision has been updated over time to meet business requirements. It allows the business to lead the competition. In the later stages, the name was rebranded as Microsoft Dynamic NAV in 2005. It was further updated in 2009 and brought new changes to the scale.

The name of this software has changed over time to dynamic Navision Solutions, Microsoft Business Solutions, Navision Financial, and so on. In 2016, the various Microsoft Dynamics products, like CRM and NAV, were rebranded to Microsoft Dynamics 365. In 2018 year, the new version of dynamic NAV that came to be observed was Microsoft Dynamics 365 Business Central. It contained various features and functions. 

Functions of Microsoft NAV ERP

Microsoft Dynamic NAV assists businesses in management. There are a variety of modules available that meet the needs of businesses. 

  • It performed the functions of maintaining records of orders and updating the users with regard to the data. 
  • It also manages the functions related to finance and accounting. 
  • Dynamic NAV maintains records of customer data, contracts, and so on. 
  • It also performs the function of supply chain management by managing inventory, etc. 
  • Microsoft Dynamic NAV ensures service management, like creating tickets and managing borders. 
  • It also assists in project management through the allocation of resources, invoicing, and plan budgeting. 
  • It has capabilities for providing data insight and report-making. 
  • Dynamic NAV also manages the tasks of human resource management, like managing employee data and tracking attendance. 

The transformation of NAV to Dynamic 365 Business Central 

Microsoft Business Central is a cloud-based successor, while ERP Microsoft navision has emerged as a solution for businesses. Over the years, Microsoft’s dynamic business central ensures more and more benefits. It performed some advanced functions and features similar to Microsoft 365.

What are the benefits of Microsoft  Dynamics 365 Business Central ? 

 Microsoft Dynamic 365 has multiple benefits for the business like: 

  • Better visibility in organizations: 

It is beneficial for the business because of its 24/7 accessibility. Cloud deployment in Microsoft Dynamics assists in assessing the database from anywhere. 

  • Cost-effective: 

Microsoft Dynamics 365 is cost-efficient for businesses for multiple reasons. The Microsoft  ERP Navision vendors don’t charge additional costs, and the cost of cloud deployment is also reasonable in comparison to premises deployment. 

  • User-friendly experience and accessibility: 

Microsoft Dynamics 365 automates the data and assists in performing functions like the elimination of repeated entries. It secured the data and provided accessibility to the users. 

  • Adaptability: 

You won’t be required to browse more about the hardware and technology for your business because Microsoft ERP Navision is like a one-time solution for you. 

Dynamic NAV ensures a better user experience for the business, which can help them make a profit. 

Why is Business Central more effective than Dynamic NAV for your business? 

As a Microsoft Dynamic NAV user, you need to upgrade yourself on Business Central for the following reasons: 

  • Business Central carries the updated version of dynamic NAV that will provide you access to the latest features. 
  • It is cloud-based, and therefore, in comparison to a dynamic NAV, it is more feasible. 
  • The modern user interface of Business Central is easy to use and performs functions with ease in comparison to a dynamic NAV. 
  • Business Central can grow your business due to its scalability. 
  • In comparison to dynamic NAV, Business Central performs more advanced functions and CRM integration.

Transformation is the necessity of time, so what are you looking for? Upgrade your business to Business Central and earn profit now! 

5 Must-Knows Before You Buy Finance Software

5 Must-Knows Before You Buy  Finance Software

Considering an ERP software purchase? 🤔 Don’t leap without understanding the potential pitfalls! Our commitment at Tectura is to guide you through the decision-making process, ensuring you make an informed choice tailored to your needs.

Here are key takeaways from a recent article on 2024 Tech Trends in Finance that shed light on crucial aspects you should consider before making a move:-

1️⃣ Security and Integration Challenges: For finance software buyers, security is a top concern (41%). Integration with existing systems adds another layer of complexity. Tectura can help you navigate these challenges by showcasing how our solutions address security concerns and seamlessly integrate with your operations.

2️⃣ Upcoming Tech Spending Surge: The trend shows that finance professionals plan to increase spending on software in 2024, with cybersecurity topping the investment list. With the comprehensive threat prevention, detection, and response capabilities of Microsoft Dynamics 365, Tectura is geared up to offer cutting-edge solutions that quell all of your concerns.

3️⃣ Decision-Making Timelines: Deciding on the right software takes time, about 3 to 6 months. Tectura recommends exploring our customer success stories, testimonials, and software comparison sites to get a comprehensive insights into our solutions.

4️⃣ Regret Mitigation: A significant 70% of finance buyers experience regret post-purchase, often due to unexpected costs or unnecessary complexity. Tectura emphasizes transparency in pricing, extensive training support, and tailored solutions to align precisely with your requirements.

5️⃣ Preventing Customer Churn: Customer churn is common, but Tectura ensures ongoing satisfaction. Regular check-ins, immediate response to concerns, and dedicated support staff contribute to a seamless experience, ensuring you a smooth implement.

Ready to embark on your ERP journey? 🚀 Let Tectura be your guiding partner! Book a free consultation today to explore how we can customize and optimize ERP solutions for your unique needs.🔗 

#ERP #TechTrends #Finance #DecisionMaking #TecturaAdvisory

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Is cloud the way to go for ERP?

In the dynamic realm of business management, choosing the right ERP system is a decision that can shape the flow of your operations.
With the ongoing wave of digital transformation, many are wondering a critical question: Is Cloud ERP the key to unlocking new possibilities?
This post aims to shed light on the essential distinctions between cloud and on-premise ERP, assisting you in making a well-informed decision.

 Cloud ERP: Shaping the Future of Business Operations

Embracing Software as a Service (SaaS) ERP solutions brings a level of simplicity that is unparalleled. The core functionality of these systems fulfills 80% of your business needs, serving as the initial step in your digital transformation journey. ERP systems are not mere managers; they act as gateways to modernizing your business, enhancing revenue, boosting competitiveness, and elevating operational efficiency. This involves integrating ERP with smart devices (IoT) and leveraging advanced technologies like AI. It’s a significant shift towards a more digitally-driven approach to business.

 Tech Team-Up: ERP and Friends

Cloud ERP doesn’t operate in isolation; it’s designed to seamlessly integrate with other applications such as CRM, automation, office tools, and social media. For instance, the integration of Business Central with Microsoft 365 streamlines numerous manual processes. You can directly handle tasks like quoting, order processing, and invoicing without leaving Outlook. This integration optimizes workflows, enhancing overall productivity.

Personalization: Tailoring ERP to You

The flexibility offered by Cloud ERP is one of its standout features. Unlike the one-size-fits-all approach of traditional ERP, cloud-based systems allow for easy customization. The costs are transparent, letting you choose between basic or advanced versions based on your specific needs. This adaptability empowers businesses to grow without the burden of extensive in-house IT support.

Smart ERP: Insights and Easy Work

Imagine having an intelligent companion within your ERP system. Embedded artificial intelligence (AI) and machine learning capabilities in ERP systems transform this imagination into reality. These features expedite information retrieval and analysis. For instance, they can analyze through vast datasets, identify patterns, and predict future trends, providing invaluable business insights that drive data-driven decision-making.

ERP system on the Go: Work Anywhere, Anytime

In the era where mobile devices are our go-to tools, ERP is no exception. Mobile ERP apps facilitate work on the go, fostering seamless collaboration, especially with the surge in remote work. Whether you’re in a warehouse or a store, these apps empower you to check reports, approve orders, and keep operations flowing. Mobile ERP not only offers real-time data and insights but also provides the freedom to work from anywhere.

In conclusion, the transformative power of Cloud ERP extends beyond simplifying operations; it serves as a catalyst for innovation, efficiency, and growth. The distinctions highlighted between cloud and on-premise ERP underscore the advantages that businesses can harness in this digital era. As the business landscape evolves, embracing Cloud ERP system emerges not only as a strategic choice but a pivotal step towards future-proofing your operations.

Ready to embark on the journey of seamless business operations and digital evolution? Whether you’re considering a shift or an upgrade, the realm of possibilities awaits. Connect with us to delve deeper into how Cloud ERP can tailor-fit solutions for your unique business needs. Empower your business with technology that adapts, evolves, and propels you into the future.

#CloudERP #DigitalTransformation #BusinessInnovation #Tectura

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When to Replace Your ERP System? Check Out These 6 Pain Points!

Are you faced with challenges from an on-premise ERP system? Read on to see how Microsoft Dynamics 365 Business Central can help you!

1. End of Support for Old System Updates

Microsoft has ceased providing general updates, security patches, technical support, etc., for versions predating Dynamics NAV 2014. The outdated system is vulnerable to hacker attacks and lacks up-to-date functionality. Among the many cloud systems available, Business Central is an ideal match for Office users.

2. High Maintenance Costs for Old System Hardware

For on-premise ERP systems, beyond license and customization costs, there are annual expenses for updates, maintenance of hardware infrastructure, SQL Server licenses, backups, and unpredictable operating costs. In contrast, Business Central operates on a transparent and predictable fee structure. It functions on a fixed monthly subscription cost under the Software as a Service (SaaS) model, significantly reducing overall costs over time.

3. Limited Functionality of the Old System, Difficult to Meet Business Needs

Business Central not only incorporates core features that can address 80% of your business requirements, but it also introduces new functionalities such as focus mode, late payment prediction, fuzzy search, etc. Microsoft AppSource offers third-party extensions developed by partners, reducing the time needed for custom feature design without additional license costs.

Microsoft has also introduced a powerful AI feature, “Copilot,” embedded across the entire Microsoft cloud system last year. It aids in creative writing and helps enhance inventory, significantly boosting efficiency.

4. Scattered Data in Old Systems, Difficult to Integrate

Many struggle to locate the right data in isolated data islands. However, with Business Central, data is centralized in the cloud, making integration easier and providing real-time visibility for evaluations and informed decision-making. Business Central also supports various devices, offering flexibility for remote work, perfectly meeting the needs of the post-pandemic work model.

5. Cumbersome and Repetitive Old Workflows

Business Central optimizes complicated workflows by seamlessly integrating with Microsoft 365, allowing tasks such as quoting, order processing, and invoicing directly from Outlook. It also provides a smooth integration experience with Power BI and Power Platform, eliminating the need for manual workflows.

6. Old System Has Experienced Cybersecurity Attacks

Undergoing cyberattacks will never happen again after migrating your ERP to the cloud with Business Central. It not only ensures a full 28-day backup but also protects against network hacker threats and the risk of data leakage. Microsoft invests over $10 billion annually, employing more than 3,500 security experts to ensure the security of your data. All these efforts aim to provide the best protection for your company.

In conclusion, the decision to replace your ERP system is a strategic move that can significantly impact your organization’s efficiency, security, and overall performance. As highlighted in this article, Microsoft Dynamics 365 Business Central emerges as a robust solution to address the pain points associated with aging on-premise ERP systems.

If you’re grappling with any of the pain points mentioned above, now is the opportune time to explore the possibilities offered by Microsoft Dynamics 365 Business Central. Empower your organization with a modern ERP system that not only meets your current needs but also positions you for future growth and success. 

Reach out to our experts to discuss how Business Central can transform your business and propel it into a new era of efficiency and innovation today!