Dynamics 365 Business Central Vs Dynamics 365 Finance
Overview
With the release of Dynamics 365 Business Central - Microsoft now offers two ERP-based solutions on Dynamics 365: Dynamics 365 Business Central and Dynamics 365 Finance.
Microsoft Dynamics 365 brought together the functions of CRM, Power BI and ERP. This means the business owners do not have to search for separate software for these elements. As a result, many business houses are making use of Microsoft Dynamics to avail themselves of the services and make lives much efficient and convenient.
But if you are new to Microsoft Dynamics, you will find there are two options in it. The first one is Dynamics 365 Business Central, and the second one is Dynamics 365 Finance . Unfortunately, many business houses get confused about which one they should choose.
Busting Some Myths
Before we land up comparing both the systems, it is important to bust some of the myths.
Business Central & Dynamics 365
Finance Comparison
| Features | D365 Business Central | D365 Finance |
|---|---|---|
| Auto Elimination Accounting | Available | Available |
| Consolidation | Available | Available |
| Budgeting | Available (Basic) | Available (Advanced) |
| Budget Control | .. | Available |
| Fixed & Variable Allocations | Available | Available |
| Ledger Allocations | .. | Available |
| Fixed Assets | Available | Available |
| Cost Accounting | Available | Available |
| Multi-Currency | Available | Available |
| Financial Dimensions | Available (Upto 8 Dimension) | Available (Unlimited) |
| Multi-Company | Available | Available |
| Multi-Language | Available | Available |
| Bank Reconciliation | Available | Available |
| Electronic Funds Transfer | Available | Available |
| Global Chart of Accounts | .. | Available |
| Multiple Posting Layers | .. | Available |
| Office 365 Integration | Available | Available |
| Microsoft User Interface | Available | Available |
| Workflows | Available | Available |
| Web/Mobile Client | Available | Available |
| Email Integration | Available | Available |
| Document Management | Available | Available |
| Multiple Legal Entities | Available | Available |
| Intercompany Posting & Consolidated Statements | Available (With in Same Country/localization) | Available |
Which application suits your business?
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Dynamics 365 Business Central and Finance Capabilities
But again, Finance & Operations is suitable for business houses that have complicated processes to handle. Such complications are usually there is a large firm. But there can also be times when a small or a medium company may also run a business with complex processes where Finance & Operations can be appropriate.
When it is about Microsoft Dynamics 365 BC or Finance & Operations, you have many scopes to understand which is best suitable for you.
Do not go by the myths that may misguide you, and you may end up making wrong decisions. Both these systems are great in their way.
Hence, they can surely benefit you in your business if you are making the right choice. The best idea is to go through the features, check out whether these features are useful for you or not.
There is no point in paying high if you will never use some features. But, at the same time, it is always a great idea to get the perfect system that will help you entangle your business’s complexities.
So, choose wisely!! For a better judgment, look at this comparison to aid all your confusion through this comparison between, Dynamics 365 Business Central & Dynamics 365 Finance: Are you discovering which Microsoft Dynamics 365 ERP solution is best for your organization?
