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Dynamics 365 Business Central Operations and Finance is the all-in-one business ERP solution that helps connect your business processes and teams. It is a comprehensive suite of integrated business applications designed to help organisations manage their financials, operations, and supply chain processes.
Business Central allows you to handle all aspects of your operations, spanning across finance, supply chain, manufacturing, sales, project management, services, and more. Its highly customisable feature and wide range of capabilities make it easy for businesses to add functionality tailored to serve even highly specialised industries and operations. Business Central is split into two subsets: Dynamics 365 Finance and Dynamics 365 Supply Chain Management.
Dynamics 365 Finance is concerned with managing the financial aspects of your business. It streamlines and automates your accounting, budgeting, and financial reporting. It also comes with advanced features to help companies make smarter financial decisions, improve operational efficiency, and ensure regulatory compliance.
For example, the platform comes with cutting-edge financial management tools that make managing accounts much simpler, providing important real-time visibility of the performance of your business. This feature enables you to manage sales, invoicing, and budgets instantly within the application and the built-in reporting gives comprehensive and detailed insights into spending and income for accurate long-term cost estimates. Furthermore, one of the key benefits of Dynamics 365 Finance is its complete multi-country and multi-currency financial management solution that boosts operational efficiency for businesses of all sizes.
On the other hand, Dynamics 365 Supply Chain Management focuses on your business’s operational and supply chain aspects. It manages the end-to-end flow of goods, from procurement and production to distribution.
However, these two pillars are not separate, and they work together seamlessly. Financial data from procurement, sales, and operations is automatically linked with financial reporting, providing you with the most accurate and current financial information. This seamless integration enables businesses to improve their overall efficiency by reducing manual data entry, preventing errors, and streamlining cross-functional processes.
Our Upgrade Service is an intelligent and cost-effective way to keep your Business Central platform current and secure. With our service, you can gain these benefits:
By keeping your platform constantly updated, you will not fall behind with upgrades and compliance which, if left alone, can be expensive and time-consuming in the long run.
With BCN, we will ensure that your updates are always successful to prevent long-lasting negative impacts that are caused by unsuccessful updates. It is not recommended to attempt upgrades on your own without the proper reviews and checks as it can cause changes and disruptions. Our team will take care of everything to make sure your company operates smoothly.
Our service informs you and your staff on what to expect and when it will happen. This way, your company can plan ahead of time and mitigate any risks to processes, output, and productivity.
The ability to scale your costs is important for any business. With BCN’s Upgrade Service, you will be in control through a managed cost and avoid any costly upgrade project fees and additional services.
Our team covers all on-premise and Software as a Service (SaaS) platforms. We have the expertise to cater to the specific requirements and upgrade toolkits in a bespoke way for every partner.
The key benefits of Business Central are:
Business Central helps businesses gain more financial control by improving visibility, streamlining processes, and enabling real-time decision-making. The platform offers real-time dashboards and reporting that includes tracking revenue, expenses, profit margins, cash flow, and other key financial metrics. This can be put into a tailored report, driving more focused and effective decision-making.
Beyond the accounting features that help automate payments and improve cash flow management, there is also an expense control and budgeting function. It gives you a real-time comparison of actual expenses against budgeted amounts in real time, ensuring that financial resources are being used effectively and within the approved limits.
Business Central also comes with AI-driven forecasting, giving your business leverage through predictions of financial trends based on historical data. For example, it can predict sales, expenses, or cash flow trends, providing your organisation an edge in financial management.
Business Central is designed for value costing and comprehensive reporting capabilities. Dynamics 365 Finance provides tools for businesses to manage and optimise costs. For example, businesses can allocate indirect costs to specific products, projects, or departments based on predefined rules, making sure that the true cost of goods and services is accurately reflected, leading to better pricing and profitability analysis. The platform also enables businesses to have a more accurate view of product profitability through the calculation of the cost of raw materials, labour, and other associated costs.
Another valuable feature is the reporting capabilities of the platform. Dynamics 365 Finance seamlessly integrates with Power BI, Microsoft’s business intelligence tool, to provide powerful interactive and customisable reports.
Through the employment of machine learning algorithms, the platform can predict future trends based on historical data. This can look like forecasts of key financial metrics such as sales, revenue, expenses, cash flow, and profitability. As the system is constantly learning from past data, it improves the accuracy of future predictions over time.
On top of its valuable costing, reporting, and analytic capabilities, Business Central enhances budget management through a comprehensive, automated, and real-time approach to budgeting. The system integrates advanced tools and features that make for more efficient budget creation, monitoring, and adjustments.
By shifting processes and workflows to become automated, streamlining financial processes, encouraging cross-departmental collaboration, and providing advanced reports, it will collectively improve your organisation’s efficiency. This empowers employees to focus on more strategic activities.
Planning your Microsoft Dynamics 365 Business Central Upgrades? With 6 specialisations, 1,600 customers, more than 400 staff, and a client retention rate of 98%, we can be your trusted IT solutions team to implement Microsoft Dynamics 365 Operations and Finance for your business.
