Cost-effective ways to manage your business with Dynamics 365 Business Central

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The onset of cloud technology has brought several advantages to small and mid-sized enterprises, such as enhanced data security, improved productivity, and efficient cost-saving methods. However, for businesses to compete and thrive in the ever-growing digital market, they must be able to lower operational costs and connect better with customers to grow their customer base and increase ROI.

In this regard, Microsoft has become a favorite among businesses for its world-class ERP solutions that offer flexibility and cater to a hose of organizational needs—within a unified platform. Microsoft introduced Dynamics 365 Business Central as an end-to-end business management solution.

Dynamics 365 Business Central pairs analytics with Business Intelligence (BI) to help organizations improve their decision-making capabilities. Dynamics 365 BC also provides financial management tools that help manage cash flows and foresee future expenses.

Cost saving and ROI benefits of Dynamics 365 Business Central

A study conducted by Forrester Consulting, an organization with approximately 250 employees, demonstrated that Microsoft Dynamics 365 Business Central helps businesses realize tangible, monetary savings over time. Extended functionality for the ERP system and HR savings were noted, and overall, D365 delivered a 162 percent ROI to the organization being studied.

Here are a few more avenues where your small business can save costs with D365 Business Central implementation.

Improvement in Operations Flow

Finance and operations departments often deal with repetitive and frustrating tasks, which reduce productivity and add stress. Implementing an improved version of cloud-based ERP has been demonstrated to greatly improve staff functionality for daily tasks. Business Central is a perfect example of a tool to remediate poor productivity. Forrester’s study observed an eight percent improvement in work capacity and saved time and effort.

Reduction in Finance and Operations Manpower Hiring

Every business needs an optimal number of professionals in the finance and operations department to function in harmony. However, with the implementation of Dynamics 365 Business Central, Forrester reported a reduction of one full-time equivalent (FTE) and one part-time equivalent hires in the departments.

Additionally, over time, the need to hire additional staff for these departments was reduced by almost ten percent. Implementing Business Central helps your enterprise drive a more engaged and highly productive workforce empowered to complete tasks on time. This leads to significant cost savings for the organization.

Related: Handbook to Dynamics 365 Business Central Implementation

Significant Decrease in Third-Party Reporting

  • Reporting is a business imperative that lets the decision-makers see whether the business is headed on the right trajectory. A small business typically uses third-party reporting tools, which they either purchase or subscribe to.
  • D365 Business Central houses multiple reporting tools, such as Power BI, that diminish the need for third-party reporting software. For example, analytics and reporting are combined in the same suite helping businesses save money otherwise spent in third-party reporting costs.
  • Business Central easily integrates with other Microsoft products such as SharePoint, Office 365, and Microsoft teams and enables a more consolidated, unified workflow using a single platform for all the data. It also establishes a seamless flow of information between departments that use these tools.
  • Real-time data visibility has become one of Dynamics 365 BC’s most valuable advantages. For example, employees can complete payroll and HR management tasks through their mobile devices anytime and anywhere, and entrepreneurs can brainstorm and connect through an online community. You can quickly react to changing market conditions with real-time metrics that increase financial visibility and performance.

Read also: How to Find the Perfect Dynamics 365 Business Central Consultant

Wrap Up

The increased pace of business demands quicker and more economical business solutions. This holds especially true for small and medium-sized businesses because dollars saved on internal operations, processes, and workflows translate into resources for stronger growth.

A Microsoft Partner can help your organization leverage the comprehensiveness of D365 Business Central. DemandDynamics has a group of trained professionals who provide the best solutions that adhere to industry guidelines while keeping your organization's goals as the priority.

DemandDynamics offers on-demand services that run on a pay-as-you-use model, where you only need to pay for the services used. Our solutions are highly customizable, which helps you explore various marketing avenues concerning your line of business.

Reach out to one of our experts to learn more about Dynamics 365 Marketing or our range of services.

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