Microsoft Dynamics AX, now Microsoft Dynamics 365 Financial Planning and Operations or FP&O, is Microsoft's enterprise resource planning (ERP) solution for midsize and large businesses. The product delivers a complete suite of capabilities for managing a business. The solution is a Tier 1 ERP solution, meaning that it has the capabilities to support the requirements of midsize to large enterprises and is sold by a software provider with the financial stability to support a company for decades to come. The application can support the industry requirements of a broad range of organizations, including manufacturing, distribution, professional services, retail, and non-profits.
The Dynamics AX ERP solution has a long history. This ERP solution originated in the late 1990s as a collaboration between IBM and the Danish software company Damgaard Data and was originally named IBM Axapta. It was acquired by Microsoft in 2002 and subsequently renamed Dynamics AX. Being Microsoft's flagship ERP solution, the product has seen continuous improvement and support from Microsoft with new capabilities added over the years. In its current form, the solution, rebranded as Microsoft Dynamics 365 Finance and Operations, is now part of the Dynamics 365 cloud suite of product solutions.
What is Microsoft Dynamics AX ERP?
Dynamics AX, or Dynamics 365 FP&O, is Microsoft's top-tier ERP solution. It delivers a full suite of ERP functionality to support the management of all of a company's primary business operations, from core financial management, such as accounts payable and accounts receivable, to the extensive needs of manufacturers, distributors, and services businesses. Dynamics AX was primarily deployed as an on-premises solution but has now moved to the cloud as part of the Microsoft 365 suite of business solutions.
Dynamics AX is a high-end solution built for larger businesses. The average size, in revenue, of the more than 20,000 companies using Dynamics AX ranges from US$3 billion to US$5 billion. Because it’s from Microsoft, the solution supports the majority of languages, currencies, and countries across the globe.
Microsoft also offers other ERP solutions for smaller organizations that do not require the power of Dynamics AX/FP&O.
Microsoft Dynamics AX ERP Modules and Features
Dynamics AX manages a company's core business operations in a unified ERP suite. The application brings together component modules that support the following business operations:
- Core Financials
- Quality Management
- Purchasing Management
- Inventory Management
- Manufacturing Management
- Distribution Process Management
- Project Management and Project Portfolio Management
- Human Resources
- Sales Management
Dynamics AX/FP&O is also able to leverage the extensive array of applications in the broader Microsoft product portfolio. Some of the products that are commonly used alongside Dynamics AX include:
Benefits of Using Dynamics AX ERP
The primary benefits of using Microsoft Dynamics AX, a premier ERP system, include:
- Single, integrated data storage
- Improved cross-function communication
- Support for complex business processes in manufacturing, distribution, retail, and services
- Seamless integration with Microsoft's suite of products
- Confidence that the product will be around for years as it is supported by one of the world’s largest technology companies
Microsoft Dynamics AX EPR Software Review
Microsoft Dynamics is one of the leading ERP solutions for midsize and large businesses. In TEC's model for mixed-mode manufacturing, one of the most complex manufacturing models at TEC, Dynamics AX ERP scores better than the average solution in this category. The mixed-mode manufacturing model defines the support needed for manufacturers who perform a combination of discrete and process manufacturing. The model includes software component modules covering financials, human resources, discrete manufacturing management, process manufacturing management, inventory management, purchasing management, quality management, and sales management.
Microsoft Dynamics AX ERP Pricing
Similarly to most major business software solutions, the price of Dynamics AX/FP&O depends on the overall business requirements of the company purchasing the ERP. Companies with a broad range of business requirements will pay more than businesses with less comprehensive needs. Another important factor in the price is the added cost of software implementation. Complex ERP system installations require extensive customizations to the underlying system, which are needed to support the subtle differences in business processes that occur in all organizations.
Microsoft Dynamics AX Resellers
Microsoft Dynamics AX is sold through and supported primarily via an extensive partner ecosystem. Microsoft provides the software and tools, but it is the Microsoft partner that is the primary point of contact for a business using Microsoft Dynamics AX (or Dynamics 365 Financial Planning & Operations, as it is now known). Resellers and partners provide implementation, deployment, and support services for Microsoft Dynamics AX/FP&O.
While Microsoft Dynamics AX partners provide extensive knowledge of the software, their extensive regional and industry experience is equally crucial. They also tend to have wide experience in the broader suite of Microsoft products, which means these partners are able to think beyond Dynamics/FP&O and optimize the entire Microsoft ecosystem for their clients. Many have also developed their own add-on modules and features for particular industries.
The Microsoft partners themselves are often quite large—some of their revenues are as big as or even bigger than many of the smaller developers of ERP software solutions on the market. Partners such as Sunrise Technologies, Tribridge, AvidXchange, and Sikich provide consulting services and develop additional intellectual property to support their respective industry niche. |
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