7 ways Dynamics 365 Business Central can help SMBs
Many small and medium businesses struggle with connecting software, systems and processes effectively. This can make it difficult to see the whole picture of a business and it can lead to a lack of efficiency and slow business growth. Enterprise Resource Planning (ERP) software can alleviate these issues and connect the dots to allow SMB owners to focus more time growing their business and less time managing back-end process. Microsoft Dynamics 365 Business Central is an ERP and business management solution that automates and streamlines businesses processes to help SMB owners manage their business effectively and efficiently. In this article we will discuss 7 ways Dynamics 365 Business Central can help your SMB.
Streamline Financial Management
Dynamics 365 Business Central has a myriad of features to streamline financial management and give greater visibility into financial performance within an SMB. In Dynamics 365 Business Central, businesses can view deep real-time insights into financial performance as well as accurate tracking of demand, capacity and progress of sales orders. For businesses that buy or sell internationally, Dynamics 365 Business Central has full multi-currency support, including the recording of realised and unrealised gains and losses.
Centralise Reporting and Analytics
Reporting and analytics is paramount to the growth of an SMB. Most SMB owners want to make data-driven business decisions, but often are unable to due to the difficulties associated with connecting data from multiple systems and datasets. As Dynamics 365 Business Central covers many aspects of a business, it makes it easy to view actionable insights from accurate, real-time data. Similarly, being able to view performance from previous years makes it possible to view trends over time and predict future performance of an SMB.
Optimise Sales and Marketing
Although Dynamics 365 Business Central is primarily an ERP, it also includes many Customer Relationship Management (CRM) solution features. With Dynamics 365 Business Central, SMBs can align their sales and marketing efforts to deliver better customer experiences across all touchpoints. Businesses can also view a history of interactions with customers to make smarter decisions to effectively manage their sales cycle.
Effectively Manage Supply Chains
Businesses that effectively manage their supply chain can increase their profitability, deliver products more efficiently and be more competitive in their market. Dynamics 365 Business Central has supply chain management functionality designed to optimise inventory and reduce the shortage of goods. SMB owners can view real-time data of what is in inventory, and when is the best time to order new products to maximise profitability and provide the best customer experience.
Increase Overall Visibility
One of the key benefits of using Dynamics 365 Business Central, is that it allows SMB owners greater visibility over all areas of their business. Having an all-in-one solution helps connect the dots and can give insights into how certain areas of a business can affect others. This makes it possible to make data-driven decisions that can quickly and sustainably grow a business. As Dynamics 365 Business Central is a Microsoft product, it also seamlessly connects to other products in the Microsoft product portfolio.
Enables Employees to Work from Anywhere
One of the key benefits of a cloud solution is that it allows employees can work from anywhere, on any device. This may include salespeople on the road being able to quickly and easily view customer transaction history, or employees being able to send a quick purchase order whilst away from the office. With the advent of hybrid working, this functionality is essential, and users can access Dynamics 365 Business Central on their work PC or any Android or iOS device with an internet connection.
Simplify Project Management
To add to Dynamics 365 Business Central’s long list of available capabilities, it also offers features to simplify project management, ensuring SMBs can deliver projects on time, every time. Some of these features include task creation, resource allocation, time sheets for job tasks and budget allocation against projects. Having these capabilities all in one place makes it easier to track progress and adjust project planning as necessary to avoid further disruptions.
If you want to stand out from the competition and deliver world-class experiences, whilst connecting systems and processes to maximise profitability, Dynamics 365 Business Central may be the perfect solution for you. To find out more, get in touch with us today.