Business Central Vs Finance & Supply Chain [COMPARISON]
When it comes to ensuring Business Central Vs Finance, it could be quite complex for many enterprises.
Microsoft is a well-known name for ERP, CRM, and BI solutions. With its Dynamics 365 family, Microsoft has been offering an integrated solution for every business domain and industry context.
Through these worldwide adopted business solutions, Microsoft is empowering enterprises to simplify processes, improve overall flow, and maximize the return on investment. Again, deciding out of Business Central and Finance requires evaluating and analyzing considering several factors.
Before we move ahead with Business Central Vs D365 Finance and Operations, let’s define both the products distinctively.
Dynamics 365 Business Central
Ideally designed for SMBs to manage and drive their end-to-end business practices including finance, supply chain, human resource, customers, warehousing, etc. With the help of Business Central, enterprises can unify their data, processes, and people. You can maximize your resource utilization, optimize your sales cycle, and improve your profit margins while ensuring global compliance and regulations.
Dynamics 365 Finance & Supply Chain
Dynamics 365 Finance & Supply Chain (Formerly known as Dynamics 365 Finance & Operations) is suitable for medium to large scale organizations that deal in globally involving multi-currency operations, vast or complex manufacturing, etc. Dynamics 365 Finance and Supply Chain are the two separate products – Dynamics 365 Finance and Dynamics 365 Supply Chain that are deployed to improve your combined process leveraging an integrated system.
Now, let’s derive and understand Dynamics 365 Business Central V/s Finance
Several factors lie when it comes to deciding which business solution could be a proven efficient and profitable deal for your business. Here, demonstrating Dynamics 365 Business Central Vs Finance & Supply Chain Management can enable you to make a smarter decision for your business.
Dynamics 365 Business Central Vs Finance
Your Requirement Matters
Considering your core requirement, number of users, and processes you involve, any of the solutions can be implemented seamlessly. Usually, SMBs consider Dynamics 365 Finance & Supply Chain and large scale of businesses imbibe Dynamics 365 Business Central. Again, depending on your specific requirement, your system implementation requirement may vary.
All you need to evaluate your actual requirements and do not forget to consider your budget. If you are planning to scale your business shortly in terms of the number of users, having expansion plans, or seeking to imbibe global operational capability, decide your system implementation accordingly.
Features & Functionalities
To drive compatibility with your processes, you need to adopt a different set of features and functional practices. If making a list of features is not an easy deal for you, we are making this part easy for you.
If your business requires to deal with the following practices, you need to implement Dynamics 365 Finance & Supply Chain Management:
International inter-company trading
- Financial compliance
- Product, vendor, and quality management
- Logistics and transportation management
- Process-based or mixed-mode manufacturing
If your processes involve terms like potency, co-product, bi-product, yield management, etc.
If you need to manage across your business practices from sales, customers, warehousing, supply chain, and more and no above-mentioned terms belong to you, you need to plan with Dynamics 365 Business Central.
Consider Your Budget
While reaching your budget part, you need to understand the overall cost that will involve in your budget. Your initial cost will include both your licensing fee and implementation cost. So, let’s understand your cost for each business solution.
When it comes to Dynamics 365 Finance & Supply Chain, your implementation costing may go a bit higher when compared to Dynamics 365 Business Central. Enterprises comprising hardcore manufacturing and logistics operations can choose D365 Finance & Supply Chain.
If your requirement goes to manage your end-to-end practices, going ahead with Dynamics 365 Business Central could be a proven solution for your enterprise. Business Central may cost you less than Dynamics 365 Finance & Supply Chain when your requirement goes for the core implementation part merely.
If you want to implement Business Central with a multi-instance facility to support your operations in multiple countries, your costing will be revised accordingly. Thus, your costing will depend on the complexity level you choose whether you go with Dynamics 365 Business Central or Dynamics 365 Finance & Supply Chain.
Once you finally come up with your required solution, the next step will be choosing your licensing cost depending on your number of users. Rest, if you need end-user training, support services, etc. your pricing will be calculated accordingly.
To know your exact investment cost either for your D365 Business Central or D365 Finance & Supply Chain, connect experts at Dynamic Square, by deeply reviewing your system, we can reveal your actual cost.
How Selecting Right Implementation Partner Can Make a Difference
Whether you are a startup or a well-established organization, choosing the right business solution for your business is not an easy deal. However, selecting the right implementation partner can truly make a difference in your growth and expansion strategy. Listening to your concurrent business needs and considering your upcoming process flow, we can help and enable you to seamlessly accommodate your future expansion plans.
Merely deciding the right solution, ensuring budget, and coming up with your customized feature requirements are not enough. You also need to choose the right implementation partner to ensure that your implementation is aligned demonstrating your unique needs.
At Dynamics Square, we believe every enterprise could have specific processes, planned business goals, and strategies to work on. Perceiving your requirement, we can help with our industry expert guidance, functional competencies, and our high-end support to reveal and deploy your system with the required capabilities to not just survive even ensure global expansion with regulatory and global compliance.
Choosing the right technology for your business is inevitable to ensure a smoother path ahead. We hope that the above derived – Dynamics 365 Business Central Vs Finance will truly help you to make the right decision to reinforce your ongoing flow as well as futuristic ones.
If you are still confused and seeking expert advice, contact the experts at Dynamics Square. By deeply reviewing your system, we can suggest to you the best-in-class suitable solution for your business to start simplifying your process flow, faster your time to market, and improve your production line.