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".
To complete implementation - meet the add-ons family.
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
NAV will help you Navigate
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
Awards
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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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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.
- 7.1Pricing(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
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Reviews and Ratings
(202)Attribute Ratings
Reviews
(1-6 of 6)We enter PO's after we sell to the client by the sales department admin, then the manufacturing admin does the requisition, the procurement department keeps track of all the parts orders to ensure we can complete the building of the equipment by the required time promised to the client, and the accounting keeps track of all income, expenses and other costs. It helps us streamline our procedures and ensure that all departments see the big picture of what is happening in the company.
- Lot/Serial tracking, due to our parts being imported worldwide, and in order to ship to clients and clear customs, this helps a lot.
- Reporting in the platform, this helps us a lot in our weekly management meetings so everyone can help present and make sure everyone is aware.
- Getting information from the old NAV, if you're transitioning not everything is easily available.
- Some of the 3rd party software we use are not integrated or required customization which added to the cost.
- Automate the creation of bills of materials for production. We can now generate a BoM from a sales order.
- Organization of all data pertaining to thousands of parts, assemblies, and finished goods. Engineering and purchasing have a common portal.
- We can create sales orders from quotations instead of re-entering them (this did require some bolt-on software). Less redundant work with fewer entry errors.
- Accounting can provide reports based on specific criteria stored in NAV. We can pull better and more detailed intelligence.
- It doesn't work out of the box. It requires consultants and experts to make it work. This makes it far more expensive to get up and running and maintain than originally anticipated.
- Additional software purchases are needed for full functionality. For example, it doesn't offer a product configurator which was an expensive purchase that needed to be made separately.
- It is difficult to get data into NAV from old systems. Now, for sales data prior to the implementation of NAV, we have to go back into the legacy system.
- It is really great to use for financial reporting and generating invoices for clients.
- Cloud capabilities of the system
- Automation of several features (notifications, etc.)
- Integration with many 3rd party tools
- Permission setup can get quite complicated.
- Requires lots of training to get fully confident with the software.
- Sometimes it can get really slow, which makes the whole user experience bad.
My Microsoft Dynamics NAV Review
It is just used by our finance team to take care of our operations and administration finance and generate financial reports to auditors and boards.
- User friendly, does not need much to train users on how to use it, enter data or generate reports.
- Secure, it has a very secure & permission account setup.
- Flexible and customizable for all the company needs: general accounting, A/R, A/P, Fixed Assets, and Budgeting needs.
- Love the search tool, very powerful.
- Reports need improvement for sure.
- Does not integrate with other software or tools.
- Navigation could be a challenge to some users.
- Customization, modifications and upgrades require a 3rd party vendor to do.
We are using it as a Main ERP and it runs all the tasks involved in the process of the company. We found that it can do things that our previous ERP couldn't like integrate with other Microsoft products.
Take more training to learn how to use the system. Repeat the training after 3 and 6 months.
Dynamics-NAV from a developer's viewpoint
- All of the Dynamics ERP systems are fully integrated with the full family of their Office products (Word, Excel, etc.) but the true power behind Dynamics-NAV is that it comes with complete access to the source code. Although most ERP packages provide some type of a development environment, it is always a third-party software package and requires an additional expense. NAV comes with full source code access and devolvement tools out-of-the-box and requires no additional purchase. The user is able to modify pages, reports and even add additional fields to the standard tables. If your company has an internal development staff you have the ability to purchase the same full development license that the VAR has, allowing you to handle all system customizations and support in-house. The sum total of this high flexibility is that you are able to make NAV conform to your business rather than you conforming to the software.
- In addition to the available source code, NAV provides the user with an unlimited ability to modify and build within the rich environment of C/AL code. In over 20 years of modifying the NAV product I have never had a client ask for a modification or custom functionality that I was not able to provide. Add to this the fact that NAV now includes many development points that allow the user to place their custom code inside of the system without impacting the base code. This makes the upgrade process quick and easy and avoids the common occurrence of being version locked.
- The user interface of Dynamics NAV has been well thought out and provides a very easy to learn and use package. Master records (Customer, Vendor, Items, etc.) have been laid out in a standard format. Once you learn where fields are located on one record you have learned them all. The forms (called Pages in NAV) have a very similar structure and, by design, are uncluttered and easily customized by the user without impacting the base code. This allows each user to configure the Page to the way they work, easing the learning process and speeding up daily work and data entry.
- The NAV environment has grown to be very feature rich in the functionality offered and provides the user with almost everything they need with the purchase of the base product. Advanced features can be added if required as can a large number of third party add-ons made exclusively for the NAV environment. Additionally, user licenses are sold as concurrent and not as named. Concurrent licenses control the number of users allowed into the system at any one time meaning that anyone can be provided with the ability to log into the system. This allows the company to setup an unlimited number of users with the ability to access the system at any given time. This allows the occasional user to share a license with other users who only need to access the system to enter a small amount of data or run a few reports. This functionality is a plus for the company with a large sales staff or outside workers who only need limited access to the system. Named licenses would require that you purchase an access license for every person who needs to access the system.
- As with most ERP packages, the Jobs functionality within NAV is somewhat limited in functions. It has been primarily designed for large projects such as building a house or large piece of equipment where the process is set from the start and has little change. Small job shops where each project is custom find the package very restrictive and inflexible to use. The WIP calculation has been greatly improved with the last couple of releases but still does not allow the user to a great amount of flexibility or provide you with the ability to post in detail to the general ledger.
- The item reservation process is very restrictive in the way it was written. NAV does allow you to reserve inventory against sales and projects but is very unforgiving if the need arises to change or release those goods. It is possible but requires that the user jump through multiple hoops to accomplish the task.
- Security within NAV is very good but requires that you build custom user roles as the standard roles provided by the package do not lend themselves well to the normal company environment. The standard permission roles tend to either provide too much access or too little and are often hard to follow and understand. However, NAV has provided a new tool that makes the creation of custom roles quick and easy but still requires that they be created. Additionally, NAV still does not provide field-level security, only record level. It is possible to modify the code to control this or purchase an add-on but is not available out-of-the-box.
Microsoft Dynamics NAV is flexible, solid and scalable
- Data integrity is paramount and in 18+ years of using Dynamics NAV with both the original native database as well as SQL, we have never lost any data.
- Dynamics NAV has all of the functionality that small to medium sized businesses need to operate in an efficient and effective manner.
- The ability to customize Dynamics NAV allows it to be adapted to practically any environment.
- Report generation has always been somewhat below what would be expected. We rely on third-party tools to produce our reports.
- User documentation, although better than previous versions still needs a lot of improvement.