What is Microsoft Dynamics 365 Business Central?

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Microsoft Dynamics 365 Business Central (previously NAV) is Microsoft's innovative cloud enterprise resource planning (ERP) solution for small and medium-sized businesses (SMBs). The ERP solution, first introduced in 2017 as Dynamics 365 "Tenerife" and released in October 2018 as D365 Business Central, is utilized by numerous enterprises worldwide across a wide range of sectors. While the solution was initially published in October 2018, it is constantly being updated with additional features and compliance with new standards such as GDPR and Making Tax Digital.

Dynamics 365 Tenerife

What is Microsoft Dynamics 365 Business Central? 

 

Microsoft Dynamics 365 Business Central is an all-in-one, easy-to-use, and scalable business management solution that synchronizes your finances, sales, services, and operations. It also allows you to streamline your processes, improve your customer interactions, and make better-informed decisions. The ERP Business Central solution allows you to develop your business by making the best-informed decisions thanks to cutting-edge technology such as machine learning thanks to artificial intelligence, IoT, or mixed reality, all integrated into the Microsoft cloud.

D365 BC offers all the power of Dynamics NAV or Navision to an improved platform with greater integration with the Microsoft environment and more business intelligence functionalities. It is a comprehensive solution, easy to use and adapt, that will help you connect your business and make smarter decisions.

Microsoft Dynamics 365 Business Central currently supports different types of deployment:

  • On-premises: in one's own facilities or in a self-managed cloud.
  • Cloud: completely managed by Microsoft.
  • Hybrid: on-premises installation with data synchronization to the cloud.

Dynamics 365 Business Central Benefits

The main advantages of this Dynamics 365 Business Central implementation model are:

  • Monthly licensing subscription
  • Deployment in the Microsoft Cloud
  • Use of the application from an app or web browser
  • Integration with Dynamics 365 apps (Power BI, SharePoint, Flow, Office, Field Services, and more)

Make informed decisions

Access real-time data on business status, financial performance, and resource usage, and connect accounting, sales, purchasing, inventory, and customer data to gain a holistic view of the business.

Advanced predictive financial insights

Take advantage of data analysis in multiple dimensions and customize your financial reports to improve your company's economic forecasts and reduce risks.

Better inventory optimization

Do not miss sales opportunities and avoid stock breaks by knowing in advance which products to replace, automatically calculating stock levels and delivery times, and monitoring each item's movement.

Improve the performance of your business.

Calculate and optimize manufacturing capacity and resources to improve production plans and meet customer demands.

 

Dynamics 365 Business Central features

Learn how Dynamics 365 Business Central Features can enhance your company's financials, sales, service, and supply chain.

1. Finance management

By ensuring compliance, you can accelerate financial close and reporting. D365 Business Central finance management module contains: a basic ledger; budgets; postponements; basic fixed assets; basic accounts receivable; audit trails; and much more.

2. Production management

You will be able to plan and manage essential aspects involved in production and manufacturing, improving the optimization of available resources.

3. Supply chain management

Increase visibility throughout the supply chain and gain more control over the purchasing process. It contains, among other functionalities, sales order management, purchase order management, location management, item transfer, and warehouse management.

4. Human resources management

Take control of your organization's human resources and get the most out of your employees' talent. Employees and expense management are included.

5. Customer relationship management (CRM)

Maximize revenue opportunities and better serve and manage your customers. It includes contacts, notifications, opportunity management, and Dynamics 365 for sales integration.

6. Projects management

Manage budgets and monitor project progress with real-time data. It contains resources, estimates, jobs, multiple languages, reason codes, intrastate reporting, and Outlook integration.

Planning to Implement D365 Business Central?

Connect and talk to our experts today to configure your system with the most recent D365 Business Central features.

Microsoft Dynamics 365 Business Central has several licensing options. Microsoft Dynamics 365 Business Central has two pricing tiers: Essentials and Premium. Business Central Essentials licenses cost £52.80 per user per month, while Business Central Premium licenses cost £75.40 per user per month.

Initially, the licenses are divided into two large groups:
Dynamics 365 Business Central On-Premises: A license under which the software is installed on physical servers owned or managed by the company or its provider.

Dynamics 365 Business Central Cloud: Also known as ERP in the cloud, in this case, the software is managed on cloud servers and can be installed in the client's or provider's cloud. 

After deciding whether to install on-premises or in the cloud, you must investigate the different types of Dynamics 365 Business Central licenses required by user type. There are full users and limited users. Business Central Premium or full users have Business Central Essential licenses. Finally, there is the Additional Users Team Member to round out the list.

Let's see what they consist of, their prices, and their characteristics:

1. Essentials

Microsoft Dynamics 365 Business Central Essentials includes the following functionality:

  • Complete management of the financial area: budget, treasury, payment of suppliers, administration of fixed assets, procedures related to auditing, and creation and administration of bank accounts.
  • Sales and purchase management: customer interaction, payment and collection systems, portfolio management, marketing campaign monitoring, target audience segmentation, and customer databases.
  • Supply and inventory management: ordering and tracking orders; registering and organizing stock; managing stock variations; delivering orders; and processing returns.
  • Management of human resources: an updated record of the payroll of employees according to the variables that are required; training and formation of the personnel; management of expenses and reimbursements to the personnel; schedules and vacations.
  • Warehouse management includes warehouse control, location, and picking.
  • Project management: in-depth monitoring of ongoing projects.
    Business Central On-Premise Pricing Per Named User
    Dyn365 Business Central Premium 2,800 USD, 2281 GBP
    Dyn365 Business Central Essentials 2,000 USD, 1630 GBP
    Dyn365 Business Central Team Members 400 USD, 326 GBP



    The on-premises Essentials Version: This license costs GBP 1630 per user.
    The cloud essentials version costs around GBP 50 per month per user.

2. Premium

With the Microsoft Dynamics 365 Premium license, this user has access, in addition to the features of the Essential license, to:

Service Administration: This is one of the key aspects of having an effective and secure customer service system (SAT). It allows companies to monitor the conversion rate in any of its phases, including after-sales service. It also has key performance indicators to measure and evaluate the level of customer satisfaction.
Production and manufacturing process administration: it enables control of the various elements and phases that intervene in the production line, demand calculations for raw materials and semi-finished products, capacity control of work centres and machines, resource management, bottlenecks, production on demand, orders, and MRP budgeting, among other things.

The on-premises premium version has an approximate cost of €1809 per user.
The Cloud Premium version has an approximate cost of €72.65 per month per user.

3. Team members

It is a licence aimed at those users who require data query functionalities and assigned reports in Microsoft Dynamics 365 Business Central. Additionally, the Team Member user has access to the following functionalities:

  • Carry out simple tasks like exporting platform data to Excel.
  • Update existing record data and specific information.
  • Approve or reject tasks assigned to the user in workflows.
  • Enter the timesheets for the jobs.
  • Manage travel expenses.
  • You can use the PowerApps app for Dynamics 365.

Among others.

The "On Premise Team Members" version has an approximate cost of GBP 58 per user.
The Cloud Team members' version has an approximate cost of GBP 5.77 per month per user.

Finally, the Dynamics 365 Business Central version has the Additional Users Device option, which consists of an unlimited number of users accessing the same device through independent logins to perform device sharing functions.

What's new in Business Central wave 2 2022

Dynamics 365 Business Central has numerous changes and new features compared to predecessor ERPs such as Dynamics NAV / Navision. Below are the most important new capabilities included in the Microsoft Dynamics 365 Business Central wave 2 2022 update.

Application management improvements

Let's start with administration improvements that have a direct impact on your ERP usage.

  • Restore deleted environments
  • Get more visibility into outages
  • Permissions improvements

If you work with multiple companies in Business Central, switching from one company to another has until now been cumbersome. This version introduces the Company Switcher.

Company indicator

There are some companies that have this small colored square, it is the new company indicator, which presents improvements.
We show you how to configure it. On the company information page and below you have the configuration options for the company badge, where you can customize it in color and text.

Search company data

A window that will become one of your favorites. At the moment we find it under the name of Search, although it will surely be updated shortly with the translation. We could also open it with the keyboard command Ctrl+Alt+F.

Bank Reconciliation Improvements

One of the financial features that we like the most is bank reconciliation, let's see what improvements the release of Business Central wave 2 2022 brings us.

  • When you assign a bank posting group to an account that has direct records, a prompt will appear.
  • Another of the mini-improvements in reconciliation can be found in the test report. This test report has been modified to incorporate the Account Balance on the statement date. And now they match, but if it had been on another date, it would also indicate the balance on another date.
  • On the other hand, the matching rules have also been improved when you work with checks.
  • You also get a slight improvement when you work with reversed entries.

Reverse Payment Reconciliation Journal Entries

The novelty is that you can configure the journal to use a specific series of numbers, so it will be easier to identify the movements that were recorded through the journal.

Use multiple shipping addresses for vendors

A new functionality has been added in providers, which allows us to indicate several sender addresses for payments.

Financial reports replace account schedules

The new financial reports replace the account schedules. So, if you are working with the account schemes, from now on you will have to look for them under this name: financial reports.

New VAT Date field in documents and entries

A new VAT Date field has been added to purchase and sales documents, as well as journals. This field is intended for those declarations in which it is necessary to indicate a date that is different from that of the document record.

Extended text functionality for VAT clauses

In the first place, the fields have been extended to 250 characters and the second is that we will additionally have the possibility of adding extended text, if necessary. This text can be seen printed on purchase and sales reports.

Using multiple posting groups for customer or vendor

Until now, we have assigned a customer or supplier to a customer/supplier accounting group to assign customer accounts. This feature enables customer and supplier accounting groups to be associated with other customer and supplier accounting groups.

Make entry of variant codes mandatory

To avoid data entry errors when working with items that have variants, you will now be able to require users to mandatorily specify the variant in documents and journals.

Search Posted and Unposted Document Lines

Added many options to search document lines and registered documents. For example, we can search for Hist. lines. purchase invoices, Hist. lines. albs. buy, Hist. lines. purchase credits, Hist. lines. sales invoices, Hist. lines. albs. Sales and Hist. lines. sales credit notes.

Set up OneDrive integration

With the 2022 release 2, admins can easily determine which OneDrive-related features are turned on for Business Central, so people can collaborate on business documents and work with other files in the browser.

Power Apps and Power Automate support for document attachments

Other improvements presented by the Business Central connector for the Power Platform. Opens the ability to access attachments (for example, an original purchase requisition linked as a PDF to a sales order), related record media (for example, images linked to items), and other data linked to business records.

Do you know Office 365, Microsoft Power BI and AzureNow you have them unified through the new Microsoft solution, taking advantage of all the synergies between the different Microsoft products, if the automation and performance optimization are at an optimal level.

This is the new platform that will transform the way you work: Applications powered by the cloud, data and Artificial intelligence. You will be able to continue expanding it through the development of extensions or apps, now improved by Microsoft to give you greater control of your business.

Dynamics Square puts this collection of technologies at your fingertips to propel you into the era of Digital Transformation. Welcome to the new generation of Navision.

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