What is Dynamics 365 Business Central (BC)?
Dynamics 365 Business Central is a complete business management solution catering to SMBs. It is designed to bring the full power of Dynamics NAV (an on-premise fully integrated ERP solution) to the cloud. Business Central streamlines the workflow of organizations and helps them manage finances, sales, operations, and customer service.
Following are the chief benefits of Dynamics 365 Business Central:
Enhances supply chain management
Complete view of your warehouse comes with advanced inventory intelligence, streamlines sales orders, helps you calculate the right time to purchase from, and pay your suppliers, and boosts profitability.
Creates transparency in financial management
Currency setup, VAT, invoicing, sales transactions, and various other financial activities are taken care of. You have real-time access to all your finances.
Speeds up project deliveries and keeps a check on budget and time
Streamlines project management tasks like resource planning, monitors project progress, pace up project deliveries, keep an eye on budgets, and calculates the amount of time invested with the help of timesheets.
Optimizes service and increases sales
Generates service estimates and invoices, assigns tasks to employees according to their strengths and occupancy, keeps a check on the spare parts, and enhances customer service. As far as sales management is concerned, Dynamics 365 Business Central helps you create sales opportunities, triggers the sales stage, assists in converting opportunities, generates sales quotes, and plays a key role in sending the quotes across to clients and customers.
Business Central and NAV are quite similar Microsoft offerings. Some developers state that NAV has evolved and become Business Central. How similar are they?