Microsoft Dynamics 365 Business Central Stands Tall Among Peers
The era of comparison and direct market capitalization competition between the Microsoft Business Central and Netsuite ERP systems have arrived in the SMB market. The two ERPs are different in many ways with Microsoft Business Central gaining upper hand in the battleground.
Microsoft Dynamics 365 Business Central is an all-in-one business management-based cloud solution that helps companies connect their financials, sales, service, and operations to streamline business processes, improve customer interactions and make better decisions. NetSuite ERP is an ORACLE supported Cloud ERP solution, which automates front and back-office processes like financial management, revenue management, fixed assets, order management, billing, and inventory management and more.
Advantages of Microsoft Dynamics 365 Business Central
No Silos Approach
Business without Silos Approach of Microsoft Dynamics 365 Business Central connects businesses and boosting efficiency with automated tasks and workflows, all within the familiar Microsoft interface of applications such as Word, Outlook, and Excel. Actionable insights help in achieving more and gaining a complete view of the business with connected data, business analytics and guidance delivered by Microsoft’s leading intelligent technologies. In Microsoft Dynamics 365 Business Central Solutions built to started quickly, growing and adapting in real time with a flexible platform that makes it easy to extend beyond Business Central based on evolving business needs.
Microsoft Dynamics 365 Business Central helps to set up a company and start posting to the General Ledger, chart of accounts, general journals, VAT facilities, recurring journals and source codes. It works well with Budgets in general ledger accounts. Set up Deferral templates that automate the process of deferring revenues and expenses over a pre-defined schedule is easy. Fixed Assets management keep track of fixed assets and related transactions such as acquisitions, depreciations, write-downs, appreciations and disposals. The system automatically assigns Audit Trails and post descriptions to every transaction. In addition, users can define reason codes to create complementary audit trails. Bank Account Management create, operate and manage multiple bank accounts for catering to your diverse business needs and across different currencies. The implementation of Reconciliation of your bank statement data automatically to open bank account ledger entries and keep track of all your bank statements. Unlimited Dimensions to any ledger for advanced transaction analyses can be added.
Customer Relationship Thoroughfare
Microsoft Dynamics 365 Business Central helps in maintaining the Contacts with an overview of your contacts and record your contact information for all business relationships shall be achieved. Structural Campaigns with definitive results can be achieved through this customer initiative. You can Keep track of sales opportunities, section your sales processes into different stages and use this information to manage your sales opportunities. Helps with the Sales Integration through easy steps to synchronize your data, including sales orders, item availability, units of measure and currencies.
Supply Network management
Microsoft Dynamics 365 Business Central helps in Sales Order Management with sales orders, blanket sales orders and sales order processes. The task of registering customers with each sale and manage receivables using journals can be managed easily. Purchase Order management helps with purchases, blanket order, and purchase order processes. Locations manage inventory in multiple locations that may represent a production plant, distribution center, warehouse, showroom, retail outlet or service car. Item Transfers track inventory as it’s moved from one location to another and account for the value of inventory in transit at various locations. Warehousing manages items on a bin level. Pick and put away items in a bin and move items between bins using a report that optimizes space using picking processes.
Altruistic HR Support
The HR can track Employee Information and organize employee data according to different types of information, such as experience, skills, education, training, and union membership through Microsoft Dynamics 365 Business Central. They can post Expenses against employee cards to track and reimburse their expenses.
Project Management Implementation
Microsoft Dynamics 365 Business Central can manage Resources like register and sell resources, combine related resources into one resource group or track individual resources. It can Estimate the resource usage and get a complete overview of your capacity for each resource with information about availability and planned costs on orders and quotes.HR can keep track of usage on Jobs and data for invoicing the customer. Manage both fixed-price jobs and time-and-materials jobs. Timesheets which are easy to use are a simple and flexible solution for time registration with manager approval and integrate with service, jobs, and basic resources.
Upperhand in Manufacturing Process
The Production Orders can be implemented with Microsoft Dynamics 365 Business Central to create and manage production orders and post-consumption and output to the production orders. Version Management tool helps to create and manage different versions of the manufacturing bill of materials and routings. It also helps om Agile Manufacturing through the planning of the rush hours, making exceptions and handle last-minute changes to your processes with multiple planning options. Supply Planning can be done for material requirements based on demand, with support for master production scheduling and material requirements planning. Demand Forecasting helps in production and purchase orders, taking into consideration the demand forecast together with the level of available inventory and parameters of requirement planning. Capacity Planning helps in adding capacities to the manufacturing process. Setting up routes and use these routes for production orders and in material requirements planning. Microsoft Dynamics 365 Business Central helps with Machine Centers to manage capacity on several levels; on a more detailed level for machine centers and on a consolidated level for work centers. Also, it helps in Finite Loading to take capacity constraints into account so that no more work is assigned to a work center than the capacities can be expected to execute during a given time period.
Service Order Disciplines
Microsoft Dynamics 365 Business Central helps in Service Orders management to register your after-sales issues including service requests, services due, service orders and repair requests. Service Price Management helps in set up, maintain and monitor your service prices. Service Item Management helps in the Record and keep track of all your service items, including contract information, component management and BOM reference and warranty information. Service Contract Management helps in recording details on service levels, response times and discount levels, as well as on the service history of each contract, including used service items, parts and labor hours. Planning Management shall assign personnel to work orders and log details such as work order handling and work order status. Dispatching shall manage service personnel and field technician information and filter according to availability, skills and stock items.
Microsoft Ecosystem Advantages
Switching Languages on the client in real time, provided that the desired language is available in Microsoft Dynamics 365 Business Central. Defining a set of Reason Codes is easy and can be assigned to individual transactions throughout the system, providing user-defined audit trails. Extended Text is used to Set up an unlimited number of lines to describe inventory items, resources, and general ledger accounts. Intrastat Reporting is automatically possible to retrieve the necessary data to report Intrastat information to statistics authorities. Outlook Integration will help in synchronizing your to-do items and your contacts with your meetings, tasks, and contacts in Outlook.
Microsoft Dynamics 365 Business Central Vs Netsuite in a Nutshell
Microsoft Dynamics 365 Business Central is easy for developers to work on since they can get easy access to all the system’s source codes. And since it’s used more by small and midsized businesses, it’s generally more advantageous to entrepreneurs who aren’t looking for anything fancy in an ERP system. The Microsoft Dynamics 365 Business Central cloud version
is a natural stepping stone for companies moving from Quickbooks. Many of the modules and features in NetSuite are difficult for small businesses who are upgrading from the Quickbooks products. Microsoft Dynamics 365 Business Central provides users with business intelligence and reporting tools, so they can design reports without any tech assistance whatsoever. The
single-tenant software is impervious to attacks that could damage or even cripple multi-tenant systems. Neither solution is 100% foolproof, of course, but single-tenant software like Microsof Dynamics 365 Business Central has strong advantages over systems like Netsuite. Flexibility with Microsoft Dynamics 365 Business Central is remarkable. With Netsuite, every user must adapt to a mandatory set of “upgrades” every few months which is not based on your timings. This can cause compliance and training issues which are not a problem with Microsoft Dynamics 365 Business Central. Dynamics 365 allows each user Customizability while Netsuite, imposes a one-size-fits-all configuration.
Overall key to success lies in leveraging the power of a cloud-based, all-in-one business management solution, SIROCo stands for its clients in upgradation from their entry-level accounting software or legacy ERP system to one single, comprehensive solution like Microsoft Dynamics 365 Business Central to manage finances, operations, sales and customer service. To find out more about the benefits of Microsoft Dynamics 365 Business Central, contact us today. We can help your organization to run more smoothly and more profitably.