If you’re a business owner, your work day often begins at home, triaging emails early in the morning. Having grown the business from the ground up, you know your customers and vendors, and you’re still involved in day-to-day operations. But the bigger the company gets, the more complex your business processes become.
Each email adds something to your to-do list, which typically requires transitioning to a different application. You use accounting software to prepare an invoice, a CRM system to manage your contacts and sales pipeline, and perhaps yet another manufacturing solution to track production or inventory.
Switching back and forth between fragmented, stand alone solutions takes time and often requires duplicate data entry. This diminished productivity stifles your ability to scale and cuts into time you could spend developing new business. To keep up the pace of your growth, you’re likely considering the move to a more comprehensive business management solution.
Microsoft Dynamics 365 Business Central, helps you get through administrative tasks quickly and easily so you can focus on the big picture, and your team can spend more time taking care of customers. Let’s dive into how Microsoft can help.
Have a look at this introductory video for Business Central.
Microsoft brings the worlds of business processes and personal productivity together, connecting your people, processes and systems like never before.
Right now, your employees might be the only common link between your business systems and the email, spreadsheet and word processing tools you use every day. This means that they waste a lot of time flipping between apps or cutting and pasting, which can lead to data entry errors. Connected business solutions from Microsoft help pull everything together so your people don’t have to.
With Xero, you pay an extra $10 per user per month just for adding on projects. But if you’re looking for more advanced capabilities such as inventory, CRM, HR and more, the numbers really start to add up. For example, an inventory add-on could see you paying an extra $135 for one user per month (and that’s just for the basic version). You’re looking for a solution that has everything in one place without the huge costs. That’s Business Central. Business Central removes both the stress and cost of maintaining multiple apps, allowing you to access greater functionality as you need, all in the one place.
As businesses grow, so does the complexity. What was once a world of invoicing and purchase orders is now a world of inventory control, cash flow forecasts, landed costs, consolidated reporting, capturing project costs and integrating payroll.
Business Central Operations Management
Microsoft Business Central - Your personal Work Centers - Role Based
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This eBook will give you an overview of Business Central and share with you the benefits and some quick facts about the software. Topics discussed are-
A solution presented to the accountant should focus on accuracy and timeliness!
Finance in Dynamics 365 Business Central, involves working with at least one of the following types of master data:
• G/L accounts
G/L accounts in the chart of accounts represent the financial structure of a company. You can set up balance sheet accounts and income statement accounts.
A dimension is the type of information that you want to add to your entry. For example, the cost controller wants to analyze the expenses per department.
Therefore, a dimension called Department can be set up. A dimension value is one of the possible values for a particular dimension that you can add to your entry.
For example, for each department a dimension value will be set up, which is named Sales, Administration, Manufacturing and so on. Dimensions are used for analysis purposes. They enable users to analyse expenses by department, sales by region, by customer group, etc.
One of the important tasks to perform by the finance department is processing payments and bank statements. Each bank account has its own card that contains different kinds of information. On the bank account card, you enter information that is specific to the individual bank account, and you can change this information, if this is necessary.
Customers and Vendors
Companies sell their items and services to customers. They also purchase items and services from vendors. Users working in the finance department process customer and vendor invoices and payments. Furthermore, receivables management also might involve sending reminders to customers. After setting up customers and vendors, you can use them in documents and journals.
Good sales and marketing practices are all about how to make the best decisions at the right time. Marketing functionality in Business Central provides precise and timely overview of your contact information so that you can serve your prospective customers more efficiently and increase customer satisfaction.
Microsoft Business Central Operations Management helps to bring together the finance and operations stakeholders through a single consistent solution set. This allows the growing business to plan, execute, take control of input and output levels whilst monitoring the big picture at their business. Microsoft Business Central provides advanced, yet affordable solutions for the larger business seeking to move beyond a series of point solutions or spreadsheets all tied back to a rudimentary accounting system. Microsft Business Central Operations Manaagement gives you the power to manage your business ewherever you are located.
Forecasting to Delivery: With Microsoft Dynamics 365 Business Central Operations Management our clients can leverage the integration and functionality provided to plan and execute on your stated goals. From forecasting to delivery, use sales forecasts and expected stock-outs to automatically generate production plans and create purchase orders.
Efficient Warehouse Understanding where your product is and where it’s going is by no means an easy task for growing businesses. Get a holistic view of inventory for efficient order fulfilment. Track every item transaction and movement by setting up bins based on warehouse layout and storage unit dimensions.
Optimised Output: For manufacturing and distribution, maintaining a predictable yet growing capacity often presents a challenge. Microsoft Dynamics 365 Business Central Operations Management provides the tools to calculate and optimise manufacturing capacity and resources to improve production schedules and meet customer demands.
Microsoft Business Central Project Management enables clients to perform common project management tasks, such as configuring a job and scheduling a resource, as well as providing the information needed to manage budgets and monitor progress. You can track machine and employee hours on the project by using time sheets. As a project manager, you have a good overview, not only of individual jobs, but also of the allocation of employees, machinery and other resources being used in all projects.
Keep Projects on Time and Under Budget: No matter how complex the project, the number one priority is completion. With Microsoft Dynamics 365 Business Central Project Management, costs, hours, budgets, completion percentages and more are accurately tracked, so that you can provide accurate, affordable, and timely delivery of projects. Create, manage, and track customer projects using timesheets with integrated Payroll along with advanced job costing and reporting capabilities.
Pin Point planning: Prevent problems before they start. Project Management capabilities in Business Central give you the power to manage resource levels by planning capacity and sales, track invoicing for customers against planned costs on orders and quotes and do so with accuracy and precision.
Project Visibility: With complete integration with other Business Central Modules, you can always know who’s doing what, what’s going on, and how well everyone is doing. Analyse project performance with the click of a button, slicing and dicing the information how you see fit so that you can make effective decisions with real-time insight on project status, profitability, and resource-usage metrics.
Run Your Project-Based Business Anytime and Anywhere: Featuring mobile apps, cloud delivery, and high levels of security, both you and your employees can get the information they need—whenever or wherever they need it. Business Central runs in the cloud with the same user experience across devices.
Product-centric companies that are assembling and distribute are certainly customer-focused businesses. Managing Inventory with so many moving parts, products, and calculations required as well as worrying about shipments, deliveries and more, one cant really rely on a plethora of disconnected systems to manage the bets interest of the business 24 x 7! Microsoft Dynamics 365 Business Central Supply Chain Management is designed to deliver the functionality needed to optimize inventory, reduce shortages, and maximize profitability.
Inventory Optimisation: Knowing inventory levels for BOM’s and when to order or subcontract to receipt in new products in real time. With built-in business intelligence, you can predict when you need to replenish, what you need to replenish, and when you should prepare for increased demand. Track trends, identify problem areas, and make your inventory go further with smarter purchase and order management.
Increase Profitability: Order at the right time, pay at the right time. With Microsoft Business Central Supply Chain Management, you can be notified as to the best time to pay vendors so that you can increase your discount capture rate, improve supplier relationships, and avoid unnecessary penalties or interest. Further, with advanced analytics built into the supply chain product and workflows, you can take steps to prevent unnecessary or fraudulent payments to suppliers.
Streamline Sales Orders: With advanced integrations and business intelligence from the Business Central Supply Chain, you can empower your sales team and inventory by shortening the path from order to cash. Leverage built-in integration with the Business Central Customer Management functionality, or integrate it with your choice of CRM.
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