Microsoft Dynamics NAV, an ERP suite ideal for small-to-medium size businesses
Back in 2002, the first of a number of accounting packages were introduced by Microsoft. The Redmond Giant purchased them from a Denmark company; the latter first released ‘Navision’ in 1987. Then, users could actually access the suite’s financial levels simultaneously.
Since 2005, Microsoft re-branded its Dynamics platform, calling it Microsoft Dynamics NAV, an enterprise resource planning system. The platform provides businesses with the capability to manage and automate not only many of their ‘back office’ tasks, but also brings enhancements to other uses affecting technology and even human resources.
When small-to-medium (SMBs) size businesses first hear the name of this software, they may think it unsuited for their operations, and too expensive. But, then, a lot of SMBs may still be relying on legacy applications like Excel spreadsheets for all of their back office tasks.
As such, those departments can be using their time inefficiently as they search for files and documents that reside in multiple silos scatter throughout an array of in-office PCs.
But this software utilizes the mainstay of many of today’s technology advances: integration. The suite not only can be customized, but multiple levels are instantly upgraded with data that moves forward throughout the program.
Because it can be customized for a number of vertical sectors, Microsoft Dynamics NAV is used by small and medium sized operations; this single database management platform delivers real-time business intelligence (BI).
Its capability to provide real-time information can mean reduced departmental costs for businesses with multiple locations, offering financial manufacturing reports on-demand to client data and supply chain tracking.
Of course, this translates to remaining competitive in the marketplace while seeing a better ROI on all of the company’s resources.
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