Why Dynamics 365 Business Central ideal for the scalability of small businesses in 2023?
Confidently move to a highly connected business management solution - the Microsoft cloud and Dynamics 365 Business Central, which has the operational speed, performance, and accurate insights needed to make your vision a business reality.
There is no doubt that the term "cloud" is not new to you. You have heard it before. The notion of this network-based computing dates to the 1960s. It got popularized as "cloud computing" when in Aug. 2006, the then-CEO of Google, Eric Schmidt introduced the term at an industry conference.
Anyway, the evolution of enterprise-grade resource planning applications like Dynamics NAV over the years has helped both mid-sized and large-scale businesses run their operations but not at the desired scale.
That is because the tech stack available today was not present when technology strategists wanted to create a scalable ERP application like Dynamics 365 Business Central - a cloud-based software application.
Today, using AL (a programming language to develop Business Central app) and the scaled power of Azure cloud computing services, all-sized businesses have access to the right data, correct insights, and smooth collaboration among employees to start running their business and make an impact within a few months of deploying Dynamics 365 Business Central.
With cloud ERP apps like Business Central, it is today more than merely possible for business owners to bring agility to business operations for increased productivity. With such a cloud-based ERP application, you can scale your business operations to the next level.
So, What is Business Central?
Microsoft Dynamics 365 Business Central is an all-in-one cloud-operated business management system. It is a part of Microsoft Dynamics 365 suite - a power pack of business management applications for businesses of all sizes, especially for small or mid-sized enterprises.
This enterprise-grade suite of business apps includes different business management modules, such as Dynamics 365 Sales, Finance, Marketing, Supply Chain Management, an all-in-one feature app - Dynamics 365 Business Central, and next-gen products like Dynamics 365 Customer Insights.
Here is a quick introduction to Dynamics 365 Business Central:
Video Credit: Microsoft
Now, you may have a genuine question sitting over your head, why am I pushing for Dynamics 365 Business Central when there are other fair competitors available in the CRM/ERP market?
Because of its game-changing features such as accounts payable/receivable, general ledger, fixed assets, bank accounts, and general CRM functionality to manage your sales opportunities, marketing campaigns, and customer contacts. You can say this app is the Michael Jordan of CRM/ERP apps.
The one phrase that strongly convinces me about Dynamics 365 Business Central for modern businesses is - "cloud scalability". You might say, how? Let me make you understand.
Suppose you were running your business operations using legacy ERP systems like Dynamics NAV, GP, or AX. Then, you moved on to using cloud-based business management apps like Business Central or Salesforce or SAP’s CRM or ERP modules. But why?
Dynamics NAV or any other similar CRM/ERP system is no lesser while performing the core business ops. What could be the reason that you got ready to use Dynamics 365 Business Central or upgrade your Dynamics NAV to Business Central?
Because someone said so? No!
Definitely not. It is because you wanted to scale your business as you dreamt of it.
And in today's complex, digitally driven world, achieving scalability is difficult. Scalability is the key to desired productivity.
And cloud technology is highly scalable. That's why I am certain about cloud scalability.
Because this era and the time after this is of the cloud or virtual space, where you securely store and seamlessly access files, applications, and data on remote servers via the Internet using desktops, mobiles, tablets, or laptops.
And Dynamics 365 Business Central supports all of it since it sets no hard limits for the number of users, sessions, transactions, or size of the database.
With multiple users, large databases, and a high number of sales orders and entries, it makes sense for businesses of all sizes to use Microsoft's Business Central.
Key factors to Consider when selecting Dynamics 365 Business Central in 2023 and Beyond
If you're starting and ready to supercharge your growth for the next 10-18 months (about 1 and a half years) from now targets millions of dollars revenue, no other software-as-a-solution (SaaS) has the scalability, capability, and affordability that Dynamics 365 Business Central has.
Here is why Business Central is the right selection for your business:
- Achieve scalability with controlled cost
- Instantly usable
- Increased mobility
- A 360-degree view of data and insights
- Best-in-class security
Now, before I begin the wrap-up for this blog, l would like you to go through the relevant FAQs that might resonate with you.
What is Business Central Dynamics 365?
It's the other way around - What is Dynamics 365 Business Central?
Business Central is a cloud application from Microsoft's hub of cloud computing for small and mid-market-sized companies to efficiently and cost-effectively manage their business operations - finance, sales, supply chain, marketing, eCommerce, payroll, invoicing, and more.
What is the term IWs in Dynamics 365 Business Central?
The acronym "IW" stands for Information Worker. IWs are those users of Business Central that are designated to one of the 10,000 Dynamics 365 Business Central trial licenses. Contact a CSP like Dynamics Square for a FREE Business Central DEMO or help you out with how to Sign Up for a Trial Account for this popular cloud ERP application for SMBs.
What can I achieve with Business Central for my small business?
You can start reaping these benefits post Dynamics 365 Business Central Implementation:
- Intelligently optimize your supply chain
- Effectively boost sales and improve services
- Seamlessly deliver projects on time and under budget
- Enhance financial visibility with built-in financial intelligence
To read about more benefits and features of Dynamics 365 Business Central, follow the link: Dynamics 365 Business Central features and benefits.
Why should I choose Dynamics 365 Business Central?
Because it is the most comprehensive business management solution for your startup or small business.
Below are the core business entities that you can ensure with Business Central:
Ensure business continuity
Connects sales, service, finance, and operations teams all together to adapt faster and deliver results.
Quickly adopt new business models with flexible deployment
Dynamics 365 Business Central is a reliable, secure, and adaptable solution that grows with your business.
Why should your team use Dynamics 365 Business Central?
With Business Central (BC) your team can improve their communication with each other and with customers and allocate jobs and tasks to the relevant team members.
Also, by automating and keep tracking business processes, the team can accomplish more every day because Business Central has an easy-to-use user interface (UI).
The dynamic UI of BC makes it familiar across the full Microsoft suite of products, reducing the learning curve for your team.
Which programming language does Dynamics 365 Business Central use for its development?
Microsoft Dynamics NAV and Microsoft Dynamics 365 Business Central used C/AL in their Client/Server Integrated Development Environments (IDEs) until version 14. Now, AL has replaced it.
An AL program allows you to retrieve, insert, and alter records in Business Central databases. You can control page, report, and code unit execution using it.
Which is better Dynamics 365 for CRM or Salesforce?
If you're looking for a more user-friendly interface, you can go with Salesforce. But if you want to channel easy reporting in your organization, opt for Microsoft Dynamics 365. Again, if you want on-premises deployment, choosing any Dynamics 365 plan is the only way to go. Whereas, Salesforce is only a cloud-based solution, full-stop!
What is the difference between NAV/Navision/Dynamics NAV and Business Central?
Dynamics NAV/Navision is the older version of Dynamics 365 Business Central. You can get NAV implemented and run directly on-site since it's installed on local servers. While Dynamics 365 Business Central is available for cloud hosting, hybrid deployment, or for on-premises implementation.
Can I use Business Central for finance and operations?
Yes. Microsoft's Dynamics 365 Business Central is an all-in-one cloud CRM+ERP solution. It offers seamless integration with a variety of business management modules.
But it primarily acts as a stand-alone solution, while using Dynamics 365 and Microsoft AppSource you can pick functions/add-ons/third-party apps that you want to add for enhanced functionality and productivity.
If you want to learn more about CRM Functionalities in Dynamics 365 Business Central vs. Dynamics 365 Sales, follow the link here: Dynamics 365 Sales Vs. Business Central CRM functionalities.
How may Microsoft Dynamics 365 Business Central be implemented in my company?
To install Business Central physically on your desktop(s), you will need to follow these steps:
Step-1: Get a valid license key for Dynamics 365 Business Central from a cloud solution partner (CSP) like Dynamics Square.
Step-2: Download the installation media for Dynamics 365 Business Central using the Microsoft website (all you need is a web browser and a working internet connection).
Step-3: Prepare the server where you will be installing Dynamics 365 Business Central. This includes ensuring that the server meets the system requirements for the software and that it has the necessary permissions and network access.
Step-4: Run the installation media on the server and follow the prompts to install Dynamics 365 Business Central.
Step-5: Configure Dynamics 365 Business Central by setting up the necessary users, roles, and security settings.
Step-6: Import your precious data and customize the software to meet your business needs.
Step-7: Test the installation to ensure that it is working correctly and that all required features are available.
Step-8: Deploy Dynamics 365 Business Central to end users and provide training on how to use the software.
Note: On-premises installation may require a prominent level of technical ability and it may be beneficial to engage with a Trusted Dynamics 365 Implementation Partner to help with the installation process.
To conclude this post, all I can assure you about Dynamics 365 Business Central is that it is a comprehensive business management solution.
Meaning, you can without a doubt help support sales, service, finance, and your sales teams to drive results faster. Forrester (a data reporting and analysis organization) 2020 has released reports saying - businesses can earn an ROI (return on investment) of 162% with Dynamics 365 Business Central over the three-year period.
Furthermore, it only takes less than one year to pay back the Dynamics 365 Business Central implementation cost. And you can reduce your finance and hiring needs by 10%. By deploying Business Central, you take control of your business by automating repetitive tasks and save tons of dollars spent on fees, licenses, and IT hardware infrastructure.