There has been a leap in the adoption of modern ERP solutions by enterprises to stay competitive. As transformation becomes imperative, finance and operations are often prioritized over other business processes.
Adopting the most suitable ERP solution gives companies an edge in managing financial operations.
Microsoft Dynamics 365 Business Central for enterprises is a perfect example that delivers significant improvements to the bottom line by improving financial visibility. This solution takes the lead in driving transformation by breaking down data silos, improving visibility into operations, and delivering AI insights.
The importance of financial management ERP Business Central becomes particularly evident when organizations are considering a transition from their existing ERP. The solutions they use for finance and operations may be Oracle NetSuite.
However, in terms of scalability, integration with Microsoft products, and access to modern AI, NetSuite may not be able to keep up with growing requirements. This is where Business Central is an attractive ERP option for small and medium-sized businesses.
Why move from NetSuite to Business Central?
Enterprises may choose to migrate from NetSuite to Business Central for cost efficiency, access to advanced AI, achieve integration with Microsoft technologies, and a more intuitive user experience.
Here are a few reasons why Business Central matters to businesses:
- Business Central is well suited for small and medium-sized businesses.
- The ERP easily combines with Microsoft 365, Power Platform, other Dynamics 365 apps, and Azure Cloud.
- The ERP deployment is easy, which helps organizations reduce operational costs.
- The ERP provides a user-friendly interface that helps users easily access Business Central features to improve productivity.
- Business Central when combined with Microsoft Copilot delivers a new experience that improves productivity through task automation, insights generation, and content creation.
When planning a Microsoft Dynamics ERP migration, a phased migration strategy is essential. A reliable Business Central implementation partner helps with successful migration through thorough consultation, support, and user training.
What makes Business Central stand out for improving financial and operational control?
Business Central ERP offers built-in finance, sales, supply chain, and project management modules for small and medium businesses. The finance and SCM modules are well suited for complex operations which helps organizations gain control over finance and operations.
Here are the reasons why Business Central is becoming the preferred ERP option for financial management and operations.
Improved financial transparency and control
Financial transparency is the core to successful management of business. This financial management ERP Business Central delivers significant value through tools for accounting, cash flow, budgeting, and reporting.
The core accounting and general ledger forms the financial hub for managing financial transactions. It allows organizations to structure financial data and detailed tracking of costs, revenues, and profitability across departments. The components include general ledger, banak management, accounts payable, accounts receivable, and fixed assets.
Budgeting and reporting help organizations create and manage budgets for financial planning, generate detailed reports for analysis, and supports cash flow forecasting.
Real-time reporting using real-time data is another strength. This helps financial teams gain control over finance to improve operations. Power BI dashboards further improve financial visibility presenting data in visual format.
Multi-currency and multi-entity support make sure accuracy and compliance for organizations operating across regions. The ERP automatically handles exchange rate conversions, calculates unrealized gains or losses, and create consolidated financial statements in base currency to provide a unified view.
AI Insights elevates financial control to the next level. The platform uses analytics feature to analyze financial and operational data to generate insights. The insights help with faster decision-making, reduce financial risks and errors, improve cash flow management and reduce operational complexities.
Together these features provide financial teams with a clear view of financial performance in real-time. This improved transparency let decision makers to act faster, reduce risks, and steer the organization with confidence.
Improve Operational Control
Business Central improves control by unifying processes, automating workflows, and giving real-time visibility across core processes.
Centralized process management is the highlight. The platform combines sales, purchase, inventory, projects, and finance into a single platform. This gives a centralized view across procurement, inventory, warehousing, and fulfilment. Organizations can track purchase orders, inventory movement, stock levels, and demand in one system.
Inventory management in Business Central gives a real-time view of inventory across all locations. The clear picture of stock levels, demand forecasting, and automated replenishment facilitate organizations to reduce overstocking and stockout scenarios, and optimize inventory.
Purchase and Vendor management in the ERP covers processes that standardizes procurement workflows. It helps organizations manage supplier interactions, create, track, and manage PO’s, manage vendor data, automate purchase workflows, and build strong supplier relationships.
Sales order and fulfilment control covers various processes like creating, validating, and managing sales orders, allocating stocks to confirmed sales orders, tracking fulfilment progress, and completing fulfilment processes through automation. This makes sure that customer orders are fulfilled successfully and on time.
Business Central gives a total control over finance and operations with greater visibility. This unified approach helps navigate challenges, prevent data silos, reduce supply chain bottlenecks, and drive performance.
Achieve a successful migration with Business Central Implementation Partner
A successful migration requires a careful approach, supported by Business Central implementation partner. IAX DYNAMICS follows the right approach for a successful migration from NetSuite to Business Central.
We thoroughly understand your business processes and use our ERP migration expertise to successfully adopt Business Central to your business.
A successful migration facilitates greater financial visibility, operational compliance, better collaboration between teams, and future-ready scalability. We help you position yourselves for success in changing business landscape with Microsoft Dynamics ERP migration.
To achieve a successful migration from NetSuite to Business Central, get in touch with our professionals today.
FAQ Section
Why should organizations migrate from NetSuite to Business Central?
It can be for cost efficiency, to access advanced AI, easy integration within the Microsoft ecosystem, and a more intuitive user experience. Business Central gives scalable solutions for finance, sales, supply chain, inventory, and manufacturing.
How does the migration process work?
Business Central implementation partner adopt a structured approach for migration and it includes:
Assessment and Planning
Data Preparation and Cleansing
Customization and Configuration
Data Migration and Testing
Training and Go-Live
Post-Implementation Support
How can IAX DYNAMICS help with the migration?
IAX DYNAMICS facilitates Microsoft Business Central migration services. Our consultants guide organizations through every stage for a smooth transition without disrupting daily operations and maximizing the benefits of Business Central.
