Microsoft Dynamics 365 Business CentralFormerly Dynamics NAV
Overview
What is Microsoft Dynamics 365 Business Central?
Microsoft Dynamics 365 Business Central (formerly Dynamics NAV) is one of the ERP products in the Dynamics family. The technology is based on the Navision product acquired by Microsoft in 2002. This product is the best-selling Microsoft ERP platform, and…
The Best Business Management System
Microsoft Dynamics 365 Business Central makes our work day dynamically flow
Business Central -- If your business is growing, start here first
Microsoft Dynamics NAV: Necessary, good... but not without some "growing pains".
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Great tool for small and middle sized businesses for a reasonable price
My Microsoft Dynamics NAV Review
It is just used by our finance team to take care …
Microsoft Dynamics NAV! the best tool on the market for financial and marketing management.
Great investment
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Microsoft Dyanmics NAV is a great software to use for any organization's finance needs
NAV is a real winner!
Dynamics-NAV from a developer's viewpoint
An affordable ERP for small to mid-size companies
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Popular Features
- Role-based user permissions (20)9.090%
- Accounts payable (20)9.090%
- Standard reports (21)5.151%
- Custom reports (20)5.151%
Pricing
What is Microsoft Dynamics 365 Business Central?
Microsoft Dynamics 365 Business Central (formerly Dynamics NAV) is one of the ERP products in the Dynamics family. The technology is based on the Navision product acquired by Microsoft in 2002. This product is the best-selling Microsoft ERP platform, and is often used by companies in the…
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- Premium Consulting/Integration Services
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Features
Payroll Management
Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.
- 7.8Pay calculation(6) Ratings
Pay calculation provides for computation of employee pay with state and federal deductions.
- 7Benefit plan administration(4) Ratings
Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.
- 9.3Direct deposit files(5) Ratings
Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.
Customization
This addresses a company’s ability to configure the software to fit its specific use case and workflow.
- 8API for custom integration(15) Ratings
An API (application programming interface) provides a standard programming interface for connecting third-party systems to the software for data creation, access, updating and/or deletion.
- 8Plug-ins(13) Ratings
A number of third-party plug-ins are available to expand the core functionality of the software.
Security
This component helps a company minimize the security risks by controlling access to the software and its data, and encouraging best practices among users.
- 9Single sign-on capability(16) Ratings
The software system supports a centralized authentication mechanism allowing the user to access multiple systems with a single, centrally managed password.
- 9Role-based user permissions(20) Ratings
Permissions to perform actions or access or modify data are assigned to roles, which are then assigned to users, reducing complexity of administration.
Reporting & Analytics
Users can report on and analyze usage, performance, ROI, and/or other metrics of success.
- 5.1Dashboards(17) Ratings
Users can create, customize and share dashboards, which provide an overview of the most important metrics.
- 5.1Standard reports(21) Ratings
The software offers pre-built reports with metrics standard to the category.
- 5.1Custom reports(20) Ratings
Users can create custom reports.
General Ledger and Configurable Accounting
Financial management solution, including capabilities for general ledger and configurable accounting
- 9Accounts payable(20) Ratings
This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.
- 8.4Accounts receivable(19) Ratings
This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.
- 9Global Financial Support(8) Ratings
Account using multiple ledgers, multiple currencies, and multiple entities
- 10Primary and Secondary Ledgers(7) Ratings
Record and report across multiple currencies and accounting standards with primary and secondary ledgers
- 10Journals and Reconciliations(10) Ratings
Automate and synchronize ledgers and processes
- 10Configurable Accounting(10) Ratings
Configure accounting rules and segments for each chart of accounts
- 9Standardized Processes(11) Ratings
Centralize financial management to facilitate standardized financial processes
Inventory Management
The ability to track and manage the flow of goods or materials into and out of an inventory.
- 9Inventory tracking(16) Ratings
The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.
- 6.7Automatic reordering(9) Ratings
The software can be set up to automatically reorder a good when it falls below a certain threshold.
- 9Location management(13) Ratings
The software can track multiple goods across multiple locations.
Order Management
The ability to process orders, and track them from quote to cash.
- 7Pricing(17) Ratings
Users can set up complex and unique pricing requirements.
- 8Order entry(16) Ratings
Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.
- 10Credit card processing(11) Ratings
The software facilitates credit card processing.
- 8Cost of goods sold(15) Ratings
The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.
- 8Order Orchestration(5) Ratings
Define and execute order fulfillment processes for products as well as services on the same order.
Subledger and Financial Process
Revenue management solution including capabilities for subledgers and financial processes
- 8.3Billing Management(9) Ratings
Access role-based billing work area, perform discrete and recurring billing
- 9Cash and Asset Management(10) Ratings
Manage liquidity and cash requirements, asset transfers, disposals, reclassifications, and financial adjustments
- 7.8Travel & Expense Management(6) Ratings
Enter expenses from mobile devices, integrate credit card and travel booking, configure policy enforcement
- 8.3Budgetary Control & Encumbrance Accounting(7) Ratings
Control spending at any budget level or time interval
- 10Period Close(10) Ratings
Sustain fast close with integrated subledgers, intuitive dashboards, embedded collaboration
Project Financial Management
Project financial management solution including capabilities for project budgeting, cost control, billing and contract management.
- 10Budgeting and Forecasting(8) Ratings
Establish project budgets and forecast future project financials
- 10Project Costing(7) Ratings
Standardize, track, and control costs at all project phases
- 10Cost Capture(8) Ratings
Capture costs including those for procurement, financials or time and labor, including from external systems
- 8Capital Project Management(5) Ratings
Track and manage capital asset costs
- 10Customer Contract Compliance(6) Ratings
Associate projects or tasks with customer contracts, and lines within contracts, to meet billing terms
- 8Project Revenue Recognition(4) Ratings
Recognize project contract revenue in line with accounting policies and regulations
Project Execution Management
Project execution management solution including capabilities for project scheduling, resource management, and team member task management.
- 8Project Planning and Scheduling(3) Ratings
Interactive Gantt chart for establishing tasks, durations, and delivery schedule
- 8Task Insight for Project Managers(3) Ratings
Project manager visibility into task progress of team members
- 8Project Mobile Functionality(3) Ratings
Capabilities for project functions such as updating and monitoring task progress and timecards from mobile devices
- 7Definable Resource Pools(3) Ratings
Definable and hierarchical resource pools of potential project resources
Grants Management
Grants management solution for higher education, public sector, or non-profits with capabilities for managing financial awards for program and project funding
- 10Award Lifecycle Management(3) Ratings
Manage the life of program funding awards from initial funding to close-out
Procurement
Procurement management solution with capabilities for sourcing, contracting, procure-to-pay and supplier management
- 8Bids Analyzed and Compared(3) Ratings
Evaluate, compare and recommend across multiple bids in real-time using diverse user selected criteria and graphical analytics
- 8Contract Authoring(3) Ratings
Document authoring with guided navigation, negotiation templates and productivity tools for reviews and collaboration
- 7Contract Repository(3) Ratings
Secure and searchable contract repository leveraging standard company language components, structures and formats
- 7.5Requisitions-to-Purchase Orders Integrated(5) Ratings
Create touchless purchases using purchase orders generated automatically per rules from approved requisitions
- 8Supplier Management(3) Ratings
Broadly manage and report comprehensive supplier profiles, capabilities and performance; identify bottlenecks; balance allocations, workloads
Risk Management
Risk management solution with capabilities for managing controls, assessing control effectiveness, certifying controls, and addressing deficiencies
- 9.3Risk Repository(2) Ratings
Idenity, document, and manage business risks in a unified repository
- 9.4Control Management(3) Ratings
Establish and update risk and controls matrix, control test plans, and instructions
- 9.3Control Efficiency Assessments(2) Ratings
Assess control effectiveness on criteria such as geography, business unit, compliance requirements, etc
- 10Issue Detection(3) Ratings
Detect and create issues as part of the assessment flow
- 9.7Remediation and Certification(2) Ratings
Create and update remediation plans and certify controls
Logistics
Logistics solution with capabilities for transportation planning, transportation execution, trade compliance, customs management, warehouse management and warehouse workforce management.
- 8Transportation Planning and Optimization(2) Ratings
Plan shipments across all modes of transportation via lowest costs/highest service
- 8Transportation Execution Management(2) Ratings
Execute and track shipping orders
- 8Trade and Customs Management(2) Ratings
Manage duties, tax rates, customs documents, and other data required for products shipped in and to specified countries
- 7.9Fulfillment Management(3) Ratings
Support for multi-channel demand and execution fulfillment processes
- 8Warehouse Workforce Management(2) Ratings
Set goals, measure actuals, and analyze productivity for warehousing tasks and activities
Manufacturing
Manufacturing solution for managing manufacturing processes and costs.
- 9Production Process Design(2) Ratings
Define data for plant hierarchy, process standards, work areas, calendars and standard operations
- 5.8Production Management(3) Ratings
Centralized critical status information for production supervisors
- 1.3Configuration Management(2) Ratings
Capture and process customer configuration orders
- 9Work Execution(2) Ratings
Monitor procution status, manage work orders for standard and non-standard production, enforce tight controls on serialized products
- 8.6Manufacturing Costs(3) Ratings
Estimate, plan and monitor costs and variances by plant. Capture resource costs using standard, actual, LIFO, FIFO or multiple costing methods.
Supply Chain
Supply Chain Planning solution with capabilities for planning, performance monitoring, change responses and execution.
- 9Forecasting(5) Ratings
Statistically forecast based on historical patterns and sales input, monitor accuracy and estimate new demand
- 10Inventory Planning(5) Ratings
Establish projected inventory levels, monitor actual levels and compare with projected levels
- 10Performance Monitoring(5) Ratings
Analyze business metrics and compare actual performance to plans, identify issues, prioritize demands and respond to changes
Product Lifecycle Management
Product Lifecycle Management solution with capabilities for innovation management, product development
- 9Proposal Management(1) Ratings
Capture budget, resource, and benefit expectations for proposals
- 9Product Master Data Management(1) Ratings
Create, classify, and manage product items, BOMs and product changes
Product Details
- About
- Integrations
- Competitors
- Tech Details
- FAQs
What is Microsoft Dynamics 365 Business Central?
Microsoft Dynamics 365 Business Central Video
Microsoft Dynamics 365 Business Central Integrations
Microsoft Dynamics 365 Business Central Competitors
Microsoft Dynamics 365 Business Central Technical Details
Operating Systems | Unspecified |
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Mobile Application | No |
Frequently Asked Questions
Comparisons
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Reviews and Ratings
(203)Attribute Ratings
Reviews
(1-1 of 1)Microsoft Dyanmics NAV is a great software to use for any organization's finance needs
- Microsoft Dynamics NAV is a really great software to use if you need to create and track purchase orders for your organization. The software is very easy to use and works well with most operating systems. The software is also a useful tool for tracking your budget because you can create reports to see exactly where your money is being spent. It even allows you to break down expenditures by the type, ie: hardware, software, service contracts, etc.
- One of the best things that I like about the software is that it will not allow you to process duplicate invoices or write duplicate checks. If you trying putting in an invoice number that has already been processed then it will notify you immediately. It basically repeats the same functionality when creating checks for the payment of invoices. If you've already posted a check for a specific invoice then it will ask you a series of questions to ensure you're not creating a duplicate and actually need to print an additional check.
- Another function that I like about the software is that it's so easy to use. I never had to read a manual to learn how to operate the software or complete tasks. The software basically walks you step by step through each process and guides you along so there are few mistakes that you can make while using the software.
- The version of software that we currently use isn't compatible with Windows 7, therefore we had to install it using the virtual computer under Windows XP. This created a few additional steps that the users had to go through in order to access the software which generated more calls to our IT Helpdesk.
- We did research how much it would cost to upgrade the software so that we could get a version compatible with Windows 7, but the cost was way too expensive for our organization. Also, when we need to make updates or changes to the software, there are very few consultants who are familiar with the software so we are limited in who we can use for consulting services. Since we are limited in choosing consultants who can make updates and changes to the software the fees are usually really expensive for their services.
- There is a .zup file that we constantly have to delete in order for the database to work properly and update. Users get a pop-up about once a week asking if they want to replace the .zup file and if the file is not deleted then the opening page for the software will not show up correctly and the database will not have the most up to date information.
- Accounts payable
- 90%9.0
- Accounts receivable
- 90%9.0
- Inventory tracking
- 100%10.0
- Location management
- 70%7.0
- Pricing
- 70%7.0
- Order entry
- 70%7.0
- Credit card processing
- 70%7.0
- Cost of goods sold
- 70%7.0
- Pay calculation
- 90%9.0
- Benefit plan administration
- 90%9.0
- Direct deposit files
- 90%9.0
- Dashboards
- 90%9.0
- Standard reports
- 100%10.0
- Custom reports
- 100%10.0
- API for custom integration
- 90%9.0
- Plug-ins
- 90%9.0
- Role-based user permissions
- 100%10.0
- Single sign-on capability
- 100%10.0
- It's been a very positive effect because the reports and notifications within the software ensure duplications aren't allowed and will provide us with all the information needed to stay on top of our budget and grants. We aren't overpaying vendors, sending duplicate payments, or forgetting to spend available grant money because the software system will notify us so that we can take the necessary action(s) needed.
- The only negative impact we've had in regards to the software is that we currently do not have it in our budget to upgrade and therefore have to use it via the virtual machine. Most of our users are not computer savvy and have issues when the virtual computer doesn't automatically open the software to the sign in page, so we get increased calls to our IT Helpdesk. If we had the funds to upgrade to the latest version of the software then we wouldn't have issues with compatibility or using the virtual computer to run the software.
- great lakes
- The main function this software is used for is creating purchase orders. Each department has to order their own products instead of everything going through a central purchaser. Therefore, every department has an administrative assistant who uses the software to create PO's whenever they make purchases for their department. The only items that departments can't order on their own are IT products that they need. All IT product requests are forwarded to the IT Dept. and I place those orders.
- The 2nd biggest function this software is used for is to process invoices. All invoices must be processed through Microsoft Dynamics NAV so they can be tracked and easily accessible to our Finance Department.
- The 3rd most utilized function would be the budget tracker. All of our VP's use this software to keep track of their budget. It helps them break down costs by products so they know exactly where their money is being spent, how much they have left over, and where they can better utilize the funds in the future.
- I honestly haven't heard of any innovative ways this software is being used. For the most part it's used for simple finance procedures that are performed daily. We are not using it for any functions outside of what it was created for. We do make customizations to the software, but it's only to allow our Finance Department to perform additional audit procedures and other finance services.
- We wanted to track how many minority vendors were being used so we customized the software so that users could include this information when creating their PO's. Although the options are there, many users will not utilize the feature so we are not getting an accurate count of how many minority vendors we actually use and support. I hope the Finance Department pushes for more users to record this information so we can get a more accurate picture of how we're supporting minorities in the future.