Introduction to Dynamics NAV

Who is this for?

This series is for financers and accountants that have found themselves or their organization moving to the Microsoft Dynamics NAV ERP system (now called Microsoft Business Central). For information about what an ERP system is, please see the see the topic titled ERP Systems.

Introduction

Microsoft Dynamics NAV is an Enterprise Resource Planning (ERP) system designed for small to mid-sized companies. This is a fancy way of saying that it is a software that integrates internal and external management (all departments and functions) across an entire organization into a single system using a common database. This way all areas of your business have access to one set of correct data in real time without the use of legacy systems. 

Benefits of Using Microsoft Dynamics NAV

  • Eliminates the need to run several different pieces of software to run your business.
  • All departments within an organization can operate with the most accurate and up-to-date data.
  • Licensing, customizations, and maintenance on one software instead of an array of other software.
  • Don’t have the headache of having to match versions between different systems when upgrading individual pieces of software.
  • Don’t have to train people on multiple systems.
  • Makes day-to-day more efficient.
  • Reduces data entry errors providing cleaner data.
  • Reduces integration time and cost because you will only have one API.

Customizations

It is important to note that Dynamics NAV is a highly customizable business solution. The attraction to this product is that it is easy to customize to your company's specific needs with many add-ons specifically tailored to your industry. It is very likely that your company has various customizations or add-ons that will cause your system to either behave a bit differently than some of the features mentioned in this series or provide more functionality and additional features than what will be discussed in this series. It is also possible that certain steps or processes are automated. We will discuss certain add-ons and customizations along the way. 

Realize that these solutions are developed in a very standard format to meet the needs of various industries. Ideally, your system should be roughly 25% customized. If you don't have any customizations, it may be time to consider providing some value-added services to stay ahead of the competition. If you have too many customizations you run the risk of excessive support costs and conflicts.

It is very important that you have developed standardized processes prior to implementation of Dynamics NAV and that everybody affected is engaged in the process. Your feedback is extremely valuable to configuring the product appropriately to meet the needs of your daily processes and procedures. Changing your mind about your needs during implementation will cause extreme delays and can pose significant risks to the project as a whole. But that's a Project Managment discussion for another time.

What's Next?

The goal of this series is to help you understand how to use the Microsoft Dynamics NAV ERP system from a Financial Management standpoint. Please subscribe to the blog at the top of the page to stay up-to-date on the latest posts. Next, we will briefly discuss embracing change in your organization and discuss two main areas that cause frustration when changing from a simple accounting system to Microsoft Dynamics NAV.




Comments

  1. Pretty good post. I just stumbled upon your blog and wanted to say that I have really enjoyed reading your blog posts. I hope you post again soon. Big thanks for the useful info. Financial Management Service In USA

    ReplyDelete
  2. I admire this article for well-researched content and excellent wording. Thank you for providing such a unique information here. Cloud ERP System for HR in Ghana

    ReplyDelete
  3. It's a nice article, Which you have shared here about dynamics. Your article is very interesting and I really liked the way you expressed your views in this post. Thank you. Best Mortgage Brokers in Upper Mount Gravatt

    ReplyDelete
  4. Your information which you have shared here about financial. It's a really well researched and very informative article. Keep providing more advice in the future like this. Thank you. fake credit card

    ReplyDelete
  5. Ik heb je bericht gelezen en heb het behoorlijk informatief gekregen. Ik kon daarvoor geen kennis over deze kwestie vinden. Ik wil graag bedanken voor het delen van dit artikel hier. Beste SEO Managment Nederland

    ReplyDelete
  6. I'm truly glad to state it's an intriguing post to pursue . I take in new information from your article , you are doing an extraordinary job.Efficient Policy Management Software

    ReplyDelete
  7. Remarkable post. I simply came across your blog and desired to say that I have really enjoyed searching your blog posts. Thank you for sharing such blogs. Effective Cloud Based Log Management Software

    ReplyDelete
  8. I am really happy to say it’s an interesting post to read . I learn new information from your article , you are doing a great job.What is Google Cloud certification

    ReplyDelete
  9. I thoroughly concur with this article and I simply need to state that this article is an extremely overall quite exceptionally educational article. thank you for this article.project planning tools

    ReplyDelete
  10. wonderful post. this is very well written and unique. Thank you for sharing this post here. keep sharing this in future. student management systems nz

    ReplyDelete
  11. Nice article, which you have shared here. Your article is very informative and I liked your way to express your views in this post. The article you have shared here is very informative and the points you have mentioned are very helpful. Thanks for sharing about Dynamics Nav. SIC Code Accounting Services

    ReplyDelete
  12. The post you have shared here is really great as it contains some best knowledge which is very useful for me. Thanks for posting it. Keep it up. Project Planning Tools Cpm

    ReplyDelete
  13. Thanks for giving such good knowledge. I got some helpful information from this post. Keep Posting such types of posts. Software Developers In Miami Florida

    ReplyDelete
  14. You have shared a nice article here about the DYNAMICS NAV. Your article is very informative and nicely describes the causes and natural remedies of Snoring. I am thankful to you for sharing this article here.How to Earn Money Online

    ReplyDelete
  15. I am very happy to say that this is an interesting post. I learned new information from your article, you are doing a great job. Thanks for sharing this kind of blog.devops staffing

    ReplyDelete
  16. I am very thankful to you that you have shared this info with us. Here I find some special kind of info, and it is really helpful for everyone. Thanks for sharing it once again. microsoft office 365 for students

    ReplyDelete
  17. I owe you a debt of gratitude because the article you've posted here is fantastic about ERP Solutions Company in Singapore. I learned something useful from this article. Thank you for sharing that. Continue to post.

    ReplyDelete
  18. I read your post and got it quite informative. I couldn't find any knowledge on this matter prior to. I would like to thank you for sharing this article here.  Online Software For Designing Forms

    ReplyDelete
  19. I appreciate your efforts which you have put into this article. Genuinely it is a useful article to increase our knowledge. Thanks for share an article like this. Automated Student Management System Online

    ReplyDelete
  20. I always check this type of advisory post and I found your article which is related to my interest. This is a great way to increase knowledge for us. Thanks for sharing an article like this. Enterprise Resource Planning Services Ludhiana

    ReplyDelete
  21. This is excellent and important information which is shared by you. This info is meaningful and important for us to increase our knowledge about it. Virtual Event software

    ReplyDelete
  22. I am very much obliged to you that you have shared microsoft dynamics houston tx knowledge with us. I got some different kind of information from your blog and it is really helpful for everyone. Thanks.

    ReplyDelete
  23. I must state that the blog post is really beneficial to anyone else who reads it because the information and knowledge it includes is vital. Continue to provide such useful knowledge through your posts and keep posting more on
    Big Data Solutions
    Business Analytics Services
    Data Modernization Services
    AI Service Provider

    ReplyDelete

  24. I read your blog site it's extremely useful to me. Would certainly you like to get even more details about Plumbers services so just visit our website Plumbing Company in Clairemont.

    ReplyDelete
  25. At this time, if you can use good medicinal materials and ingredients to strengthen hormones,Customer Training Learning Management System will be able to retain your youth and enjoy masculine power.

    ReplyDelete
  26. Thanks for sharing the best information and suggestions, it is very nice and very useful to us. I appreciate the work that you have shared in this post. Keep sharing these types of articles here.Biometric Punching Mechine Solutions Dubai

    ReplyDelete
  27. I admire this article for the well-researched content and excellent wording. Read more info about outsource photo editing services to india. I got so involved in this material that I couldn’t stop reading. I am impressed with your work and skill. Thank you so much.

    ReplyDelete
  28. I admire this article for the well-researched content and excellent wording. I got so involved in this material that I couldn’t stop reading. I am impressed with your work and skill. Thank you so much.software company in india

    ReplyDelete
  29. Wow! Thank you for this very informative article, Please keep on sharing. Accounting Software Singapore

    ReplyDelete
  30. I read your post and got it quite informative. I couldn't find any knowledge on this matter prior to. I would like to thanks for sharing this article here.llp singapore

    ReplyDelete
  31. This comment has been removed by the author.

    ReplyDelete
  32. It is a proficient article that you have shared here.Houston it support I got some different kind of information from your article which I will be sharing with my friends who need this info. Thankful to you for sharing an article like this.

    ReplyDelete
  33. Very well written article. It was an awesome article to read. Complete rich content and fully informative. I totally Loved it.Bookkeeping Services in India

    ReplyDelete
  34. Excellent post. I really enjoy reading and also appreciate your work. This concept is a good way to enhance knowledge. Keep sharing this kind of articles, Thank you.Easy Small Business Loans

    ReplyDelete
  35. You wrote this post very carefully. The amount of information is stunning and also a gainful article for us. Keep sharing this kind of articles, Thank you.Steel ERP Software Services in Usa

    ReplyDelete
  36. Wow, What an Excellent post. I really found this to much informative. It is what I was searching for. I would like to suggest you that please keep sharing such type of info.Managed Kubernetes Service site.

    ReplyDelete
  37. This comment has been removed by the author.

    ReplyDelete
  38. DevOps Consulting Services. Advance your CI/CD capabilities and ensure seamless modernization with Amvion T-Ops, single pane for DevOps, DevSecOps

    ReplyDelete
  39. I am pleased that I discovered this blog, precisely the right info about Pbx System Dubai that I was looking for!

    ReplyDelete
  40. I read the above article and got some knowledge from your article which is about Devops Services India It's actually great and useful data for us. Thanks for sharing it.

    ReplyDelete
  41. Great job for publishing such a nice article. Your article isn’t only useful but it is additionally really informative. Thank you because you have been willing to share information with us. Read more info about Aerospace Management Systems Training

    ReplyDelete
  42. Pretty good post. I just stumbled upon your blog and wanted to say that I have really enjoyed reading your blog posts. id protection software I hope you post again soon. Big thanks for the useful info.

    ReplyDelete
  43. It is what I was searching for is really informative. Efficient Gas Ducted Heating In Melbourne It is a significant and useful article for us. Thankful to you for sharing an article like this.

    ReplyDelete
  44. The information in the post you posted here is useful because it contains some of the best information available. Thanks for sharing it. Keep up the good work New Jersey Staffing Agency

    ReplyDelete
  45. Your contents are completely awesome and share-worthy. I really appreciate the efforts that you put into this. Keep sharing. For more information visit Virtual Assistant Services Philippines also .

    ReplyDelete
  46. The blog is really informative about Virtual Office Assistant Services and keeps posting and this is an Interesting Blog. Thanks for sharing.

    ReplyDelete
  47. Thanks for sharing this blog very useful information and we provide customized ERP software for your small and mid level business and we have more custom modules for your business and erp software development company in Chennai

    ReplyDelete
  48. I will share it with my other friends as the information is really very useful. Read more info about Condo Management San Antonio. Keep sharing your excellent work.

    ReplyDelete
  49. Excellent post. I really enjoy reading and also appreciate your work. This concept is a good way to enhance knowledge. Keep sharing this kind of articles, Thank you.Erp Implementation Consulting Firm Chicago

    ReplyDelete
  50. You composed this post cautiously which is beneficial for us. I got some different kinds of information from your article and I will suggest reading this article who need this info Learn Spanish In Hong Kong Thanks for sharing it.

    ReplyDelete
  51. You have provided a skillful blog with us. I learned a lot from your blog, which is unique and informative Top Preschools In Bangalore. For sharing this blog with us, we are grateful.

    ReplyDelete
  52. Thank you so much for sharing. this would be absolutely amazing. Check also water eject sound

    ReplyDelete
  53. You composed this post with astounding consideration. About Small Voip Business Services this post is useful to us, and how much information is surprising. Kindly continue to impart articles to a comparative subject.

    ReplyDelete
  54. You have published extraordinary article here about it. It is a genuinely beneficial info for us. mdr security services

    ReplyDelete
  55. Safety and Risk management software solutions offer real-time monitoring capabilities. They can integrate with sensors, IoT devices, or other data sources to collect and analyze safety-related data in real-time. This enables organizations to detect potential safety issues or deviations from established norms promptly. Automated alerts and notifications can be generated to ensure timely actions are taken to mitigate risks.

    ReplyDelete

Post a Comment

Popular Posts