Migrating from Microsoft GP to Dynamics 365 Business Central: 5 Benefits To Look Out For

Microsoft’s latest contribution to the mid-size businesses is the ERP solution that manages your day-to-day finance and operations. Microsoft Dynamics 365 Business Central (D365 BC) is a cloud-based solution that has reinvented the NAV functionality by introducing NAV to the SAAS environment. Dynamics 365 Business Central is paving the path for NAV by offering it in on-premise, cloud, or hybrid deployment opportunities.

The ability of Business Central to leverage cloud mixed with its other characteristics such as flexibility and adaptability to suit your business needs is what sets it apart from the competition.

In this blog/ article, we shall dive deeper into more reasons to answer the question:

Why Dynamics 365 Business Central is THE solution for you?

1. Take your Business on the go.

The Software as a Service (SAAS) environment of Dynamics 365 Business Central not only allows you to leverage the cloud but bring all the functionalities that your business needs on one platform. It will improve accessibility and maintain transparency.

Business Central’s cloud environment can be leveraged for your benefit:

• Auto integration with other Office 365 products.
• Multiple device access such as mobile phones, desktops, laptops, and tablets.
• Out of the box power BI integration.
• Automated updates to the latest version.
• The same functionality used on-premise can now be used on the cloud version without losing out on any features.
• Access your solution from anywhere in the world. The integrated platform has made it easier for you to collaborate with your teammates and be up to date in real-time from anywhere using any device.

*Access Dynamics 365 Business Central from any location and any device.

2. Supply Chain optimization.

Since the boom of the internet and its related services, it is a must for businesses to be up to date on their technological front to meet customer expectations.

Business Central provides functionality that helps streamline your supply chain management processes.
Your business may have multiple warehouses and sales channels which will only add to data complexity. Logistics and inventory management is a must to create a cohesive experience for your customers.

*Source

Dynamics 365 business Central has optimized the supply chain to reduce this complexity and increase efficiency.

Business Central provides real-time information about the inventory, which helps you optimize your inventory as and when needed and always be prepared for the market.

Business Central also helps you be up to date on the payments, helping you avoid delayed receivables and payments. For such a purpose, Business central works with other plugins to help businesses automate their receivables.

*Replenish inventory based on real-time demand and availability using built-in intelligence, sales forecasts, and expected stock-outs to create purchase orders automatically.

3. ‘Power Automate’ your workflow.

Dynamics 365 Business Central provides Microsoft Power Automate to optimize workflow efficiency while lowering the operating cost.

You can leverage power automation to connect different business processes and the tasks performed by other users.

Business Central gives you the provision to create your workflow. You can create your workflow from scratch by choosing one of the many templates provided by Business Central.

Task requests and approvals can be added as a part of the self-customizable workflow. On the workflow page, you can create a workflow by adding different steps that you need.

*Automate workflows and processes using Microsoft Power Automate.

4. Complete projects like a boss.

The efficiency defines the success of a team in completing/ executing the project. One way to increase this efficiency is to leverage Business Central’s project management functionality.

Project management functionality helps to:

• Create and assign jobs and prepare job planning lines.
• Create a timesheet and post it to the job journal. Integrate this timesheet with your job tasks and planning lines.
• Allocate and manage resources (and prices) to the jobs.
• Compare the budget allocation on a granular level to improve the budgeting quality for future projects.
• Utilize the Work In Progress (WIP) feature, ensuring cost allocation for a better understanding of the financial value of the ongoing job.

These features will help you record and compare all the transactions from the invoicing schedule to keep you ahead of the curve.

*Manage and optimize resource utilization..

5. Customer Relationship Management

In a market where the customer is king, it becomes crucial for the businesses to understand that customer service is directly proportional to the Topline. Customer Relationship Management (CRM) plays an essential role in ensuring that services provided to your customers are up to their expectations.

Business Central provides you with a wide range of features to help you provide your customers with the level of service that they deserve.

• Bigger Picture: Allow your customers to see the full image of the business. Dashboard in Business Central helps customers have easy access and analysis on information such as company financials, sales, services, and marketing. This develops better relationships with the customer and creates a sense of trust.
• Correct Information: With the integrated environment and real-time dashboard, You will always have the correct answer to any of the customer’s queries at any point in time. This will help you maintain customer satisfaction and increase accountability.
• Instant Response: With real-time posting and answering queries, be available for your customers round the clock.

*Track every activity with integrated Power BI

In addition to these features, Business Central provides an archive of plugins to help your experience as seamlessly as possible.

For instance, you can:

1. Automate your Accounts Receivables to eliminate clerical errors. Robotic Process Automation (RPA) leverages artificial intelligence to reduce repetitive tasks by automating them and saving time, allowing you to allocate your resources better.
2. As part of automated credit scoring and ranking, you can leverage AI to calculate the risk rating of your customers using industry best practices.
3. You can now automate your e-Invoicing and collections processes. By setting an automated reminder, you can send timely emails to collect your AR on time. You can also choose from a range of in-built invoice templates.
4. In application calling feature will allow you to leverage VoIP calling to send reminders to your client base.
5. Streamline your AR processes with automated dunning via emails and the web.

All this and much more is made possible by Radiusone, a simple plugin facilitated by Dynamics 365 Business Central.

About RadiusOne

RadiusOne AR apps suit AR teams’ needs and aim to automate labor-intensive processes, maximize working capital, and facilitate faster cash conversion. Click here to learn more.

The HighRadius RadiusOne AR Suite includes automation solutions for processes including e-Invoicing & collections, cash reconciliation, and credit risk management.

HighRadius is a leading fintech company focused on optimizing order-to-cash processes and treasury operations by leveraging automation across credit, electronic billing and payment processing, cash application, deductions, and collections, powered by AI and integrated receivables platform for major companies globally. With lightning-fast remote deployment, minimal IT dependency, prepackaged modules with industry best practices, HighRadius is the ultimate choice for your company’s order-to-cash processes.

Transform your finance operation for Microsoft Dynamics with the best cloud-based AR automation solution for mid-sized companies, HighRadius. Now available on, Microsoft AppSource.