Dynamics 365 Business Central Vs Dynamics 365 Finance
Compare the technicalities, understand your business requirements, and choose the ideal solution that suits your business.
Overview
Microsoft Dynamics 365 Business Central Vs Dynamics 365 Finance is one of the most researched comparisons among small business owners. They are looking for a suitable solution that can align with their existing business needs to drive growth while accelerating them towards scalability.
Being a part of the Microsoft Dynamics 365 suite, these ERP solutions offer an interactive user interface with accelerated performance to tackle even complex operations. While carrying different capabilities from one another, both of these solutions come with an interactive user interface and superior performance when compared to similar solutions.
Microsoft Dynamics 365 Business Central: To streamline your entire business operations while connecting all departments for a unified approach, choose this solution.
Microsoft Dynamics 365 Finance: To manage simple as well as complex financial and accounting needs while enabling automation for maximum efficiency, choose this solution.
Comparison: Business Central vs Dynamics 365 Finance
| Features | D365 Business Central | D365 Finance |
|---|---|---|
| Auto Elimination Accounting | Available | Available |
| Consolidation | Available | Available |
| Budgeting | Available (Basic) | Available (Advanced) |
| Budget Control | .. | Available |
| Fixed & Variable Allocations | Available | Available |
| Ledger Allocations | .. | Available |
| Fixed Assets | Available | Available |
| Cost Accounting | Available | Available |
| Multi-Currency | Available | Available |
| Financial Dimensions | Available (Upto 8 Dimension) | Available (Unlimited) |
| Multi-Company | Available | Available |
| Multi-Language | Available | Available |
| Bank Reconciliation | Available | Available |
| Electronic Funds Transfer | Available | Available |
| Global Chart of Accounts | .. | Available |
| Multiple Posting Layers | .. | Available |
| Office 365 Integration | Available | Available |
| Microsoft User Interface | Available | Available |
| Workflows | Available | Available |
| Web/Mobile Client | Available | Available |
| Email Integration | Available | Available |
| Document Management | Available | Available |
| Multiple Legal Entities | Available | Available |
| Intercompany Posting & Consolidated Statements | Available (With in Same Country/localization) | Available |
Which Solution Suits you Best?
Before you land on a perfect solution, you should understand your basic business requirements.
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Does your business work on international processes of inter-company trading, managing complex supply chains, tracking financial compliance, and similar operations? If yes, you can go with Dynamics 365 Finance. And, in case of general business management, you can consider Business Central, which is great when it comes to managing entire business operations specifically for SMBs.
The cost of an ERP solution depends on your unique business requirements, including, integrations, customisations, server deployment, complexity of operations, licencing cost, and any other personalisations.
However, in terms of licencing costs, Business Central costs 50% less when compared to D365 Finance. Aside from implementation costs, the Business Central Premium plan costs £75.40 per user per month, whereas Microsoft D365 Finance costs £135.70 per user per month.
Firstly, understand your business requirements, calculate the resources, forecast future needs, search for a reliable partner, and thereafter choose a solution that can help your business in the long run.
You shouldn't select the solution based on the size of the organization. Instead, you need to choose a solution based on your current and future needs. For example, a small financial organisation with 10 employees and complex financial processes must go with D365 Finance rather than BC.
Choosing the right ERP solution for a business can get highly confusing when both solutions are from Microsoft itself.
Don't make any choices due to something or somebody's influence. If so, you may end up losing a huge sum of money with no scope for returns if you make the wrong decision.
But the right decision can lead to growth and a consistent stream of revenue. You have to analyse the features, benefits, and cost-effectiveness of both solutions based on your needs before making a decision.
So, choose wisely!!
For a better choice, check out the above comparison between Dynamics 365 Business Central vs Dynamics 365 Finance.
If you are still unable to decide which suits you better, Our certified consultants are available to help you out.
Connect with us and give your business what it needs the most.
