What Is Microsoft Dynamics NAV Used For?

Microsoft Dynamics NAV is synonymous with Navision, which was its earlier and the first version.

Dynamics NAV provides easily adaptable Enterprise Resource Planning (ERP) solutions to help connect and automate sales, accounting, purchasing, operations, and stock management for mid-market enterprises/business organisations (SMBs = Small to Medium Businesses).

Leading the market is super easy with Navision since it helps all teams in an organisation adapt faster by giving better visibility into and control over what’s going on in a business organisation.

Microsoft re-branded Dynamics NAV to Dynamics 365 Business Central in 2018. There is no difference between Navion, Microsoft Dynamics NAV, Dynamics NAV, Dynamics NAV ERP app, or Dynamics 365 Business Central. It is just that it’s a new name – it’s that simple!

The history of Dynamics NAV dates back to the 1980s when it was known as Navision. This article will help you understand – What Dynamics NAV is and its use in the business world, no matter what your industry is.

What is Dynamics NAV?

Navision or Dynamics NAV or Microsoft Dynamics NAV (now Dynamics 365 Business Central) is an enterprise resource planning (ERP) and business management software application.

This software powers (small and mid-size) organisations and local subsidiaries of large international groups that have outgrown their initial accounting software.

Dynamics 365 Business Central is now a successor of Microsoft Dynamics NAV and uses the proprietary programming language C/AL and is a part of the Microsoft Dynamics 365 product family that builds intelligent business applications.

The Dynamics NAV ERP app is Microsoft-supported. It is a unique app that delivers comprehensive and continuous business management functionality using its rich and powerful capabilities equipped with a Cloud solution.

With the implementation of Dynamics NAV, you can access the resources needed to help manage your business organisation with –

● Finance

● Manufacturing

● Customer relationship management (CRM)

● Supply chains

● Analytics

● Electronic commerce, and much more.

Striking features of Dynamics NAV ERP App

Below are the wonderful features of Dynamics NAV to help your business meet market demands. They include –

● Unlimited users

● Unlimited number of companies

● Customisation and extensibility

● Multiple environments

● Finance management

● Sales and marketing

● Sales and delivery

● Purchasing and payables

● Manufacturing

● Inventory

● Supply planning and availability

● Project management

● Service management

● Warehouse management

What are the uses of Microsoft Dynamics NAV?

Dynamics NAV is popular in mid-market and small-to-mid-sized businesses. It is a centralised platform to help run all operations and eliminates departmental silos, thus providing efficient communication for essential data. With this business-oriented software, you can discover how to work smarter across your various teams.

Following are the top 8 Dynamics NAV capabilities that make it a top-class business management software:

1. Adaptability

The business world needs a solution that your different teams can adapt quickly and help your business thrive. With full capabilities for desktop, mobile, tablet, on-premises, in the cloud, or across Android, Windows, and iOS devices, you can now quickly adapt and control all your business operations at your fingertips.

2. Move Smarter and Faster

Accessing business intelligence wherever you are in today’s world is a necessity. Dynamics NAV helps you do it with its real-time dashboards and key performance indicators (KPIs) for each user role.

3. Activate all your business and financial insights

With Navision’s powerful features and rich functionalities, it’s easy to manage cash flows, budgeting, project costing, bank reconciliations, and fixed assets while reducing cycle times by late payment-prediction extension.

4. Give a thrust to sales processes

Microsoft Dynamics NAV is famous for tracking customer interactions and providing guidance throughout your sales cycle for –

● Best upsell

● Cross-sell, and

● Renewal opportunities.

5. Incredible at delivering exceptional customer service and experience

Today, industrial automation is at its peak, and business organisations of all sizes strive to move fast and be ahead of the curve and competition all around the corners. Navision helps you automatically register all shipped goods in terms of service items and keep their record in one place, making it easy for both

sales and service teams to respond quickly to inquiries.

6. Excellent at facilitating project success

Gone are the days of managing your projects with individual software applications. Now, better manage all your projects at a single platform using advanced job costing, reporting, and time-sheets. With Microsoft dynamics nav, you can develop and modify detailed budgets and help ensure project profitability in no time.

7. Optimise supply chain management

In the business world, relationships with suppliers make your wheel keep running. You can easily save your promises, develop better relationships with your suppliers, and convert the best offers to orders with quality software. You can also ensure compliance with external and internal policies with process governance and approvals.

8. Warehouse management optimisation

Microsoft dynamics nav is an app that helps you set up bins and zones to reflect the loyal of your warehouse, including its racks and shelves.

The last call!!

All in all, Microsoft Dynamics NAV is task-tailored. It gives you customer-relevant insights that help take effective measures and enhance decision-making capabilities in day-to-day business operations. Dynamics NAV or Dynamics 365 Business Central has many task-tailored dashboards linked to standard security profiles.

Since most business organisations are Familiar with Dynamics NAV, it’s easy to use, meaning anyone with little to no hands-on computer system can jump right in and get it all to work. Its familiar look makes people more comfortable right away, increasing user adoption quickly.