While looking for an ideal ERP software for your business, you may come across vendors boasting of their ERP systems and their unique features and capabilities.
However, just a few are reliable and suitable to complement your business exigencies.
This article will tell you about the Microsoft Navision ERP app that has been revolutionizing business functionalities and operations since its origin in the market.
What is Microsoft Navision?
Currently known as Dynamics 365 Business Central, Microsoft Dynamics NAV (Navision) is one of the most sought-after and adopted ERP software solutions by a large number of small to medium organizations all over the world.
The multi-language and multi-currency system not only helps in increasing and streamlining your business efficiency and processes but also minimizing costs and accelerating productivity.
Besides, the end-to-end system also helps in controlling your financials and other business verticals including manufacturing, supply chain processes, customer relationship management, operations, distribution, and warehouse management.
Microsoft is deployable either on-premise, on-cloud, or software as a service (SaaS).
Microsoft contains four business management systems that are part of a category of “Enterprise Resource Planning” systems or ERP, which help in connecting multiple business units and bringing them under one umbrella. Over time, the name of Microsoft “Navision” has undergone many changes, such as, “Navision Financials”, “Navision Solutions”, “Navision Attain”, and “Microsoft Business Solutions”.
In 2005, Microsoft re-named this system and christened it “Microsoft Dynamics NAV”.
People also call it “NAV”, however, most of its users even today call it “Navision”.
ERP software solutions like this one are created to take care of the complex inter-workings of an organization’s inventory, financials, sales, warehousing, manufacturing, purchases, etc. under one system to manage supply chain operations and be well-informed of the latest trends and business data using advanced detailed reporting.
As of now, Microsoft Dynamics NAV (Navision) has been introduced with many editions just to help gain access to this essential business intelligence and to make it both customizable and easy-to-use to adapt to a company’s unique business needs.
The Microsoft Navision can also be integrated with other Microsoft products including Office 365 and many more third-party products, based on your business needs.
Last but not least, you can also add extra modules to it, based on your business needs.
So, this global business solution not only lets SMEs have greater control over their financials but also helps simplify their supply chain, manufacturing, and operations.
What are the key features of Microsoft Dynamics NAV
The highly customizable, easy-to-use, and quick-to-implement ERP solution sports lots of capabilities and features that you can leverage across your business operations.
With the help of these features and capabilities, you can enhance the efficiency of all your business functions at the micro-level, and accelerate the growth of your business.
Some most important features of Microsoft Dynamics NAV (Navision) are as under:
- Submit longer EC Sales List reports with more than 9999 lines
- Simplified integration of third-party applications via REST API
- Flexible posting to the general ledger from documents
- Automation with Power Platform
- Pre-configured MS Excel reports
- User workspace personalization
- Built-in Cortana intelligence
- Fixed asset management
- Office 365 integration
- Cash flow forecasting
- Bank reconciliation
- Cash management
- Built-in AI
Microsoft Dynamics NAV: Benefits
After Microsoft Dynamics NAV implementation for your business, not only does it improve your business ROI but also enhances its visibility among your target customers.
Some key benefits your business will get after its implementation enumerates as under:
- Quick and easy adaptation to changing business environment
- Identify new cost optimization sources
- Easy review of financial statements
- Improve sales and client service
- Gain a unified business view
- Improve decision-making
- Enhance user experience
- Improve productivity
- Streamline processes
What key improvements have been made to Microsoft NAV (Navision) until today?
Business Intelligence: By leveraging a robust database, such as Microsoft SQL reporting service, you can generate business data and share it for analysis across the enterprise.
The newest version comes with a connection as part of the ERP solution to Power Business Intelligence (BI), which, in fact, relates to a Microsoft business analytics service.
When defined more specifically, Power BI is a suite or collection of analytics tools and business information.
Not only does it share deep insight into your organization but also helps in analyzing its data.
Best of all, you can access this information through various means such as Power BI Mobile App and Power BI Desktop.
The analysis includes data gathered from other sources and data retrieved from SQL.
RoleTailored User Interface: Released in 2008, this feature boosts business productivity by asking your employees to log onto their user interface screens that relate to their work title and let them access their most relevant tasks, as per their position.
It features 21 “out-of-the” box roles such as Bookkeeper, Accounting Manager, IT Manager, President, Machine Operator, Sales Manager, Purchasing Manager, and so on.
You cannot only customize all these RoleTailored Client or RTC but also add new roles.
Customization: Microsoft Navision is more customizable and scalable, thanks to the extra layer given to it by the Three-Tier Graphical User Interface or “GUI” in 2008.
With the NAV’s Web Services, other authorized systems and programs can easily access it to integrate and customize the ERP solution to meet their unique business needs.
Collaboration: As the Dynamics NAV “Navision” is being updated and improved, it is becoming much more useful for its users all over the world. For example, you can share essential information across your organization and take an informed decision in its favor.
For this facility, we must credit the better business intelligence such as Power BI and other Microsoft applications like Microsoft CRM Office 365, which is now known as Dynamics 365 for Sales and PowerApps which uniquely connects information without the requirement of custom software development.
This strong collaboration with other superb business apps not just helps augment Dynamics NAV’s ability but also accounts for access to actionable and relevant data.
New Versions: Microsoft Dynamics NAV is updated and improved on a frequent basis. Microsoft released its latest version, Dynamics NAV 2018 with major improvements in document management, financial management, augmented business insights, expanded cloud connectivity in addition to cloud-based services, and in-depth integration with other Microsoft apps. They are deployable either In-The-Cloud or On-Premise.
The latest Microsoft Dynamics 365 Business Central is now enhancing the Microsoft Dynamics NAV information and leading it to a new Cloud ERP deployment.
Built on the refined functionality available in Microsoft Dynamics NAV, the latest cloud solution 365 helps in extending the business apps to further Microsoft Cloud Services comprising but not confined to Office 365, Microsoft Flow, Power BI, and PowerApps.
Best of all, it can adapt itself to the changes in your business needs while leveraging the newest technology – an advanced digital business management solution.
After reading the article about Microsoft Dynamics Navision, we hope that you want to know more about this dynamic ERP software and how it can boost your business productivity.
If you have any questions about the Navision power or need some experts’ advice to get your projects and ideas, we would be happy to answer them in the comment section below.