Great tool for small and middle sized businesses for a reasonable price
May 21, 2019

Great tool for small and middle sized businesses for a reasonable price

Akos Krommer, CISA, ACDA | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User

Overall Satisfaction with Microsoft Dynamics NAV

MS Dynamics NAV is used across my company for different purposes, like financial reporting, accounting, and basically to fully manage our business through the whole sales cycle. One of the biggest problems that it solves for me pretty much in a great way is accounts receivable and expense tracking and reporting on the monthly sales performance.
  • 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.
  • Better financial reporting, better financial control assurance.
  • Better tracking of the sales lifecycle.
  • Reasonable product price helps to increase ROI.
MS Dynamics NAV is a powerful tool in terms of functionality as it provides financial management, supply chain, project management, service, and CRM capabilities. It has a very reasonable price compared to the other tools that are well overpriced. It also provides several licensing options that customers can choose from. We found it very suitable for our business in terms of cost and functionality combination. As it is available in the cloud as well (web client), we love the fact that it is accessible on the go.
MS Dynamics NAV can be a fantastic tool for small or middle-sized businesses, however, for very large organizations, I must say, other tools on the market are far better and can handle business problems much better. In my opinion, it works especially well in the manufacturing, distribution and professional services industry.

Microsoft Dynamics 365 Business Central Feature Ratings

Accounts payable
9
Accounts receivable
9
Global Financial Support
9
Primary and Secondary Ledgers
6
Journals and Reconciliations
7
Configurable Accounting
8
Standardized Processes
7
Billing Management
9
Cash and Asset Management
7
Travel & Expense Management
9
Budgetary Control & Encumbrance Accounting
Not Rated
Period Close
7
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
Pricing
8
Order entry
8
Credit card processing
Not Rated
Cost of goods sold
Not Rated
Order Orchestration
Not Rated
Pay calculation
Not Rated
Benefit plan administration
Not Rated
Direct deposit files
Not Rated
Dashboards
7
Standard reports
8
Custom reports
8
API for custom integration
9
Plug-ins
Not Rated
Role-based user permissions
3
Single sign-on capability
10
Award Lifecycle Management
Not Rated
Budgeting and Forecasting
8
Project Costing
8
Cost Capture
7
Capital Project Management
Not Rated
Customer Contract Compliance
7
Project Revenue Recognition
8
Project Planning and Scheduling
Not Rated
Task Insight for Project Managers
Not Rated
Project Mobile Functionality
Not Rated
Definable Resource Pools
Not Rated
Not Rated
Bids Analyzed and Compared
Not Rated
Contract Authoring
Not Rated
Contract Repository
Not Rated
Requisitions-to-Purchase Orders Integrated
Not Rated
Supplier Management
Not Rated
Risk Repository
Not Rated
Control Management
Not Rated
Control Efficiency Assessments
Not Rated
Issue Detection
Not Rated
Remediation and Certification
Not Rated
Not Rated
Transportation Planning and Optimization
Not Rated
Transportation Execution Management
Not Rated
Trade and Customs Management
Not Rated
Fulfillment Management
Not Rated
Warehouse Workforce Management
Not Rated
Not Rated
Production Process Design
Not Rated
Production Management
Not Rated
Configuration Management
Not Rated
Work Execution
Not Rated
Manufacturing Costs
Not Rated
Not Rated
Forecasting
Not Rated
Inventory Planning
Not Rated
Performance Monitoring
Not Rated
Proposal Management
Not Rated
Product Master Data Management
Not Rated