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Dynamics 365 Business Central for Small and Medium Businesses

28 June 2022
Sam Peterson
Sam Peterson
Dynamics 365 Business Central for Small and Medium Businesses

Business complexities impact the overall sustainability, especially for small and medium businesses (SMBs) it becomes difficult to manage their operations when the business starts growing. The basic accounting and use of an excel spreadsheet to record the business events cannot cope with the business growth. When the data is not available on a real-time basis due to manual entering of records and no proper tools to gain insights from the data, the sustainability of the business comes into question.

For SMBs that outgrow their accounting systems or large businesses involved in the most complex of activities, Microsoft Dynamics 365 Business Central comes to the rescue. This powerful ERP can be configured for the most complex business processes to streamline them and help the company automate their work processes and gain real-time insights.

For SMBs, Microsoft Dynamics 365 Business Central is a blessing in disguise. It doesn’t only streamline the work process; helps you gain data insights; it also automates business functions that allow the top management to focus on the strategic decision making and make optimum utilization of resources.

Small and Medium Business owners sometimes might find an ERP like Dynamics 365 Business Central to be an expensive affair but the benefits that Business Central offers is unmatchable. Dynamics 365 Business Central modernizes business operations, optimizes supply chain, and builds and grows customer base, resulting in more revenue, and more growth.

Life without an ERP or Business Management Solution

Imagine a small and medium business is into the manufacturing industry. The basic idea of producing a good and selling it in the market involved a series of activities. To start off, the business would identify a supplier from where they will purchase the raw material, that’s easy. The business might have multiple suppliers to purchase the material or materials, storing that information is also easy even may be by using an excel spreadsheet for time being when you have few suppliers.

Now, before placing the order, a request for quotation is sent to the supplier, a purchase requisition is received then comes the purchase order. Supplier invoice for payment is received, payment done, and material acquired which is sent to inventory to start with production.

We haven’t even considered looking into production planning based on customers and market demand nor we have investigated managing the data related to the production department, sales, finance, accounting, etc.

Manual entry and management of these activities is not only tedious, but also something that will not give you real insights when you need them the most. It has a huge impact on the growth potential of the business as well.

There is a very thin line between companies that are striving for survival vs companies that do wonders, the latter uses an ERP like Dynamics 365 Business Central to manage their businesses.

How Dynamics 365 Business Central helps?

Firstly, all the above activities and more mentioned above are automated with Dynamics 365 Business Central, businesses can only focus on strategic decision making that would help the business grow. Business Central ERP offers an AI feature that would give you predictive analysis and prompts by looking at your product demand, current inventory, and production planning schedule or it offers automated stock calculation and replenishment triggers. Dynamics 365 Business Central integrates all your business functions and aspects of businesses like accounting, planning, and sales. Inventory, etc.

Business Central is hosted on the cloud, which helps you save the cost of maintaining the hardware and IT Employees. The cloud-based solution is not only secured but also accessible from any device be it a tablet, mobile, or computer.

The core capabilities of Business Central ERP cover finance, sales, purchase, inventory management, warehouse management, project management, and manufacturing.

Dynamics 365 Business Central is suited for any business irrespective of the industry it caters to and is an efficient ERP tool that offers full process integration without switching apps and databases. The data is available right at a single click in a unified view on a real-time basis.

Benefits of Dynamics 365 Business Central Deployment

Dynamics 365 Business Central is specifically intended for small and medium-sized companies that integrate the business processes and provide real-time availability of valuable insights. This ERP comes with inbuilt AI capabilities and increases productivity via automated processes and workflows.

Dynamics 365 Business Central can bring a lot of advantages for SMBs and large companies looking for process optimization.

  • Dynamics 365 Business Central comes at a low cost of ownership and because it is cloud-based, businesses can benefit from low infrastructure and IT Costs.
  • Though Business Central is an ERP, it also comes with CRM capabilities, that help you improve customer experiences.
  • The solution is flexible and easy to scale, and the business data is accessible to you and your employees which means you can virtually run your business from anywhere and everywhere.
  • Dynamics 365 Business Central seamlessly integrates your business processes with other Microsoft solutions and can be further customized to meet your specific business needs.
  • Dynamics 365 Business Central can provide your business with enterprise-level security, with in-built features to ensure your business data is backed up and stored securely.

Who all should choose Microsoft Dynamics 365 Business Central?

Dynamics 365 Business Central is an ERP for all. Any business whether small, medium, or large can opt for Business Central to manage, streamline and optimize their business process. This dynamic, powerful, and flexible business management solution can fit any specific simple or rather complex business needs.

Dynamics 365 Business Central is suitable if:

  • You are a small or mid-sized business
  • Your business have outgrown your accounting software
  • Your business rely on manual methods or multiple software systems
  • Your business needs a solution that is flexible and customizable
  • Looking for better data security

Dynamics 365 can unlock the untamed potential for your business and expand it to limits unimaginable, feel free to connect with one of our team members to talk about how this ERP could fit your business requirement.

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