An ERP is integral to the operations of any organization as it consists of tools for streamlining and automating the day-to-day workflow from within a single system, increasing operational efficiency. Businesses of all sizes, from SMBs to enterprises, can implement an ERP to optimize, scale, and consolidate their operations, and as a result, benefit by saving costs, increasing productivity, improving data analytics, increasing customer satisfaction, and ultimately, enabling business growth.
There are a variety of ERPs available on the market and even a variety of different types available within the Microsoft ecosystem. Depending on your business needs, you may find that one ERP is a better fit than another, as no two ERPs are alike. Here we’ll take a look at the different Microsoft Dynamics ERP offerings.
Types of Microsoft Dynamics ERP Systems
Microsoft Dynamics offers a variety of ERPs that can optimize various business functions including commerce, finance, human resources, manufacturing, and supply chain. There are four main Microsoft Dynamics ERP options currently available on the market. These are Microsoft Dynamics Solomon, Microsoft Dynamics Great Plains , Microsoft Dynamics 365 for Finance & Operations, and Microsoft Dynamics 365 Business Central.
Microsoft Dynamics SL
Dynamics Solomon, or SL, is an ERP software product for project-driven small and medium-sized enterprises that simplifies workflow by providing assistance with project management, finance, project accounting, manufacturing, field services, supply chain management, analytics, and ecommerce.
Microsoft Dynamics GP
Part of the Microsoft Dynamics suite of intelligent business applications, Microsoft Dynamics GP is a mid-market business accounting software package that stores data using the Microsoft SQL Server.
Business Central and Finance & Operations are the more common options Microsoft offers, so we’ll look at them in a little more detail.
Microsoft Dynamics 365 for Finance & Operations
Designed for use in larger enterprise companies (more than 500 employees and a minimum of 20 users), Microsoft Dynamics for Finance & Operations optimizes financial operations and profitability for organizations by enhancing financial decision making, automating business processes, minimizing costs, and decreasing financial complexity. While it is a powerful platform with a lot more functionality than Business Central, it provides a lot more than most business require and comes with a much higher price tag as well as a longer and more complicated deployment.
Microsoft Dynamics 365 Business Central
Microsoft Dynamics 365 Business Central is an ERP designed for small to medium businesses. Business Central streamlines operations across SMBs with a comprehensive cloud solution that connects sales, service, finance, and operations teams to ensure business continuity. It can be deployed under 6 months (compared to up to a year for F&O), and while it doesn’t have F&O’s same level of functionality, it is easily augmented by third party apps and customizations designed to meet the user’s specific requirements. However, the main thing that sets Business Central apart from the other Microsoft ERP options out there is that is a cloud solution. This means it is securely hosted in the cloud, so you no longer have to worry about server or hosting infrastructure, and the associated costs.
Why Choose Dynamics 365 Business Central as Your ERP?
Of all the ERP options that Microsoft provides, Dynamics 365 Business Central is the most popular, as it is a modern cloud-based solution that supports and enables organizations to make more informed decisions by driving efficiency, enhancing reporting, and automating and streamlining processes.
It is imperative to choose an ERP that supports your business needs and that can scale up as your business grows. In this regard, the capabilities offered by Dynamics 365 Business Central are unparalleled in the vast ERP systems market. By choosing Dynamics 365 Business Central as your ERP, you can streamline your operations and integrate your business processes effectively. Additionally, as Microsoft is pushing for the adoption of more cloud solutions, it stands to reason that Business Central will continue to receive more attention in the form of improvements and updates than the other Microsoft ERP options.
While Business Central is a robust platform on its own, EFOQUS offers a suite of apps that can extend and enhance the ERP’s functionality even further. The Advanced Cloud Security app increases data privacy, improving user experience, elevating user control, and localizing permissions to help take control of cloud security. Advanced Financial Reporting (formerly Advanced Account Schedules) and Cloud Replicator enhance and simplify reporting in Business Central. And the SharePoint Connector app seamlessly connects Business Central and SharePoint, helping to tame document chaos.
EFOQUS also specializes in the delivery of successful upgrades from Dynamics NAV solutions to Dynamics 365 Business Central to enable organizations to experience the benefits that come with enhanced functionality.
Professional Services for Your Dynamics 365 Business Central ERP Solution
Implementing and integrating an ERP system can be daunting, which is why EFOQUS provides a variety of professional services to help you take advantage of the capabilities of the platform to its fullest extent. Take advantage of our expertise in ERP system implementation, system integration, software upgrades, licensing, workshops & training, health checks, and proactive lifestyle management services.
Let the experts at EFOQUS with decades of experience in Dynamics ERP systems customize a solution for your business and help you manage your ERP with ease. Contact us today!