Dynamics 365 Business Central Vs Dynamics 365 Finance

bcvsfinance

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.

Both systems are very much compliant in all the countries across the world. So it is a myth if you think they are not.

Some people say that Dynamics 365 Business Central is not more a company with higher manpower. But in reality, the size of the company does not matter. Instead, the selection will depend upon the functionality.

Now, this is true that Dynamics 365 BC may not be able to some complexities. Hence, if you wish to handle complicated volumes, Dynamics Finance & Operations is the definite answer.

Business Central & Dynamics 365
Finance Comparison

FeaturesD365 Business CentralD365 Finance
Auto Elimination AccountingAvailableAvailable
ConsolidationAvailableAvailable
BudgetingAvailable (Basic)Available (Advanced)
Budget Control..Available
Fixed & Variable AllocationsAvailableAvailable
Ledger Allocations..Available
Fixed AssetsAvailableAvailable
Cost AccountingAvailableAvailable
Multi-CurrencyAvailableAvailable
Financial DimensionsAvailable (Upto 8 Dimension)Available (Unlimited)
Multi-CompanyAvailableAvailable
Multi-LanguageAvailableAvailable
Bank ReconciliationAvailableAvailable
Electronic Funds TransferAvailableAvailable
Global Chart of Accounts..Available
Multiple Posting Layers..Available
Office 365 IntegrationAvailableAvailable
Microsoft User InterfaceAvailableAvailable
WorkflowsAvailableAvailable
Web/Mobile ClientAvailableAvailable
Email IntegrationAvailableAvailable
Document ManagementAvailableAvailable
Multiple Legal EntitiesAvailableAvailable
Intercompany Posting & Consolidated StatementsAvailable (With in Same Country/localization)Available
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Which application suits your business?

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Dynamics 365 Business Central and Finance Capabilities

Does your firm work on the processes of international inter-company trading, complex supply chain, financial compliance, mixed-mode manufacturing, and similar others? If yes, then you will require the Dynamics Finance & Operations system. In case if you do not deal with such processes yet now, then Dynamics 365 Business Central is a great idea to go with.

The cost that you have to invest in the system depends upon several factors. For example, if you consider implementation cost, Dynamics 365BC is about 30% of Finance & Operations. Hence, in this section, Dynamics 365 BC comes up with a much cheaper. On the contrary, if you check out other points such as licensing, Dynamics 365 BC can get much more expensive than Finance & Operations. Thus, the cost of the system will vary depending upon several factors.

As mentioned in the myth section, the selection of the system does not depend upon the size of your company. Instead, it highly depends upon your business requirements. Dynamics 365 BC is more suitable for small to medium business houses that have got lesser complex systems.

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.

Choosing the right system can get highly confusing when it is coming from the same developer.

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?
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