Why choose Dynamics 365 Business Central?
If you’re increasingly frustrated with your accounting software, find out how moving to Cloud solution Dynamics 365 Business Central could help.
Is it time to upgrade your accounting software to a Cloud system?
As your company grows, it is important your financial management software continues to meet your business needs. If you are spending an increasing amount of time on paperwork, manual data entry and reporting, it may be time to take stock.
How many of the following points apply to your current accounting software?
- Decreased efficiency and accuracy due to entering duplicate data into multiple systems
- Disjointed financial and accounting processes
- An accounting system that is unable to integrate with other business systems, such as email and CRM
- Information restricted to individual parts of the business, making systems disconnected and decision making difficult
- Limited reporting which is difficult to extrapolate and analyse
- Inability to access your data and systems remotely
Benefits of Dynamics 365 Business Central
Microsoft Dynamics 365 Business Central is an all-in-one Cloud financial management solution targeted at the SME market. It is arguably the most flexible, affordable and capable Cloud software solution.
For as little as £52.79 per user per month, users have access to financial management, supply chain management, sales management, service and project management.
With Business Central, you can maximise financial visibility and profitability, make more informed decisions and do any business anywhere. This is increasingly important in the current climate with the demand for remote working.
If you’re still unsure whether Business Central is the right solution for you, we’ve outlined 5 of our favourite features.
Top 5 Dynamics 365 Features
Integration with Outlook
Business Central integrates seamlessly with Outlook so that you can complete Business Central related activities without leaving Outlook. For example, if a customer sends you a query via email, you can create and send a quotation back directly from Outlook. If the customer then approves the quote, you can create, send and post an invoice, also from Outlook. This increases productivity by reducing the time wasted flicking between applications and eliminates the need to duplicate data or enter it manually.
By connecting Outlook and Business Central, actions related to any contacts are processed in both systems. This limits fragmented information and ensures everyone sees up to date information, enabling more efficient working.
For more information, read our Dynamics 365 integration with Outlook guide.
Advanced reporting and integration with Power BI
Power BI is a reporting tool which takes your data and creates standard reporting templates and dashboards based on that data. Power BI connects directly to Dynamics 365 Business Central to create your own reports and dashboards, around areas such as sales, receivables and purchasing. Displaying the data in a visual format means your employees can interpret it more easily and make better, informed decisions.
Moreover, Power BI pulls data from all of your systems, not just Business Central, giving you a complete picture of your business in real time. This information can also be exported to Word, Excel, or PowerPoint, at any time, to build presentations and reports.
For more information, read our Dynamics 365 Power BI and reporting guide.
Better Insights with Dimensions
Dimensions is a great tool that is available in Microsoft Dynamics Business Central. It is used to group or categorise data to make it easier to organise and analyse data.
The benefit of using Dimensions in reporting is that you are able to “slice and dice” your data as your company needs. This increases the flexibility of your reporting. It is also saves you time in developing reports by creating specific layouts and views.
You can attribute characteristics to the information you record and use in your daily work. This gives you the power to ask searching questions about your business and act upon the answers. You can seek more effective ways of doing business, develop your analytical tools easily and base important decisions on reliable information.
By combining the analyses of different dimensions, you can better understand how well your business is operating, where it’s going and where it needs help.
Automation and Built-in AI
Business Central has built-in intelligence to save you time and enable you to monitor patterns and changes in your business. Business Central notifies you of actions you may want to consider for tasks you are currently completing. If you’re creating a PO to reorder a product from a vendor, Business Central will notify you of other low-inventory items from the same vendor so you can add them to the PO.
The AI can also streamline tasks and reduce data entry. When you upload a product image during the product setup process, for example, Business Central reads the image, recognizes the product, and automates some of the setup, filling in fields and offering suggestions.
Cloud -Accessible anywhere, anytime
Dynamics 365 Business Central is a Cloud solution that is accessed through a web browser, thereby increasing accessibility. Whether you have employees working outside the office, at home or on the road, they can always access the system with an internet connection. This flexibility means employees have the latest, up-to-date information for more efficient working. It also eliminates the need for a server, thereby reducing your maintenance costs.
Read more about the benefits of moving to a Cloud accounting package with 7 Reasons to Consider Cloud Accounting Software.
For more information on how Dynamics 365 Business Central can help your business, contact us today.
