The Microsoft Dynamics 365 suite of enterprise software includes their Business Central ERP solution. The code structure for this enterprise resource planning (ERP) system can be traced to the original release of Microsoft Dynamics NAV, which was acquired by the software giant in 2002. The software has been fine-tuned and upgraded constantly in the preceding years, eventually becoming rebranded as Dynamics 365 in 2016. The Microsoft Dynamics 365 Business Central software suite is designed to accommodate the needs of small to midsize businesses (SMBs) across a wide range of industries and verticals, giving companies access to a full suite of ERP software at a price amenable to businesses with lower budgets. The world’s biggest and most successful software company was famously founded by Paul Allen and Bill Gates in 1975, and Microsoft continues to push the envelope for software and hardware products in the business sector.
What Is Microsoft Dynamics 365 Business Central Software?
The Dynamics 365 Business Central solution from Microsoft serves as the company’s ERP software product for SMBs. Despite this focused mandate, the software is capable of handling business requirements from many different industry types, such as manufacturing, distribution, retail, and the professional services sector. Similar to competing ERP solutions, Microsoft Dynamics 365 Business Central is most often deployed in a cloud environment, though companies have the option for an on-premise or cloud deployment.
Microsoft Dynamics 365 Business Central Modules and Features
Microsoft ERP products include dozens of software modules and thousands of features and functionalities. The trend for this suite of software has resulted in Microsoft bringing together a wide range of business apps within the Dynamics 365 ecosystem. Some of the standard ERP modules and functionality found within this ERP system include the following:
- Financial management and accounting
- Sales orders and purchase quotes
- Customer relationship management
- Supply chain management
- Business intelligence and analytics
Businesses can also integrate a wide range of related enterprise solutions into the system, including Microsoft apps and external software systems that are key to the success of a business.
Benefits of Using Microsoft Dynamics 365 Business Central
Microsoft makes it easier for owners and managers to operate a small or midsize business by supporting business processes and tasks across an entire company. This includes the ability to automate a variety of important tasks, allowing SMBs to divert staff away from rote chores to focus on work of greater value. Microsoft Dynamics 365 Business Central can integrate processes and data across all departments within the system. This greatly improves the visibility of key business data, unlocking valuable insight and an accurate, detailed view of your entire company. The operational flexibility supported by Microsoft ERP enables businesses to respond quickly to changing market conditions and business growth opportunities.
Microsoft Dynamics 365 Business Central Review
The reviews for Microsoft Dynamics 365 Business Central show a positive response from users who relay their experience on ERP software review websites. Within Gartner’s Magic Quadrant report, Microsoft cloud ERP has been named as a leader and visionary in this field, ahead of competitors such as NetSuite ERP, Epicor, and Infor. Additionally, industry analysts from Forrester and Nucleus Research list Microsoft Dynamics 365 as a leading product. Few companies are capable of investing the resources necessary to innovate business solutions as Microsoft does, making them a consistent leader in ERP software and other types of enterprise solutions.
Microsoft Dynamics 365 Business Central Pricing
Unlike many competitors, Microsoft does publish a price list for their ERP solutions on their website. The Microsoft Dynamics 365 Business Central Essentials package is listed at $70 per user per month, with the Premium package listed at $100 per user per month. The Premium version of Microsoft Dynamics 365 Business Central includes service management and manufacturing support rolled into the ERP. Add-ons such as Dynamics 365 Sales Professional are $65 per user per month, while the Power BI add-on is listed at $9.99 per user per month. Microsoft also publishes a guide to licensing their products, allowing businesses to see for themselves how pricing may work for their specific scenario.
This price list doesn’t include costs such as implementation, training, and customization. Typically, businesses should gather a list of their business requirements for ERP software before approaching vendors for a quote. This way, the quote that you receive will reflect a more accurate picture of the costs involved with obtaining full ERP support for your business.