Microsoft 365 Dynamics Business Central is a Cloud based business management solution. Put simply, it is Microsoft’s ERP offering. Business Central provides one singular place to manage finances, operations, sales and customer service. In today’s world, the importance of upgrading to modern off-the-shelf ERP systems like Business Central is growing to keep up with market trends. The fact the market was valued at 50.57Bilion in 2021 with projections of growing to 123.4 Billion by 2030 proves this. Off-the-shelf solutions are growing in popularity due to the reduced set up time compared to bespoke systems.
One of the best features of Business Central is how it assists your operations, making you more efficient. It can automate functions within your business, which will save you time, allowing you to focus on growth. Streamlined operations ensures you can provide a better service to your customers. Business Central can integrate with other Microsoft tools such as Outlook, Word, Excel, Teams, Power BI, etc. This makes sharing your ERP data with employees in your organisation easy.
One of the key benefits of Business Central is access to real time data. This means all reported data is up to date, allowing you to make well informed decisions. Cloud solutions allow users to update the system on the go from anywhere. Data can be exported using enhanced reporting and analytics, providing invaluable insights for your business. This allows you to make data driven decisions which benefit your business.
The level of customisation Business Central offers a tailored service to meet specific business needs. Business Central works alongside third-party applications, ensuring your data can flow between systems. Allowing Business Central to be at the heart of your business processes, ensures you have a single point of truth and can make on demand decisions.
Another key benefit of Business Central is, as a Cloud based system, up-front costs are smaller when compared to an on-premise or bespoke system. A bespoke ERP system is built from scratch which leads to very high start-up costs, and long implementation time. In contrast, off-the-shelf ERP solutions like Business Central are ready to go on purchase. The provider also updates them, so you can be confident your system will stay up to date with the latest legislations and technologies. The monthly pricing model ensures you can be confident of the on-going fees. This means you can keep on top of your spending, allowing your business to be more efficient.
Business Central is the latest technology when it comes to ERP. The improved operations and scalability your business will experience allows you to grow at a faster rate. The automation of tasks also improves the profitability and efficiency of your business. The integration with other Microsoft products such as teams ties all your organisations online resource together, providing greater visibility across your business.
There are multiple reasons you should consider using Business Central. From cost savings to improving efficiency and it is clear to see why ‘off-the-shelf’ ERP solutions like Business Central are growing in popularity. The growth projections mentioned above also support this. Upgrading to Business Central should be the next big move for your business. A study of 5 Microsoft Business Central customers supports this. The study found that Business Central saved them an average of $231.5k in finance and operations for staff costs, as well as saving an average of $44.8K in the cost of using a third part for reporting. The long-term benefits and smoother operational functions make it a solid investment for any organisation.