If you use Dynamics NAV, you are aware that Dynamics 365 Business Central is the latest version. You should, therefore, consider an upgrade. If you are still not sure why you should upgrade, here are reasons to make the upgrade to Dynamics 365 Business Central.
1. The Support will soon End
The NAV support is being phased out. NAV will no longer get updates once the mainstream support ends. However, Dynamics 365 Business Central offers timely updates. The newer software comes with more modern technology and exciting features than the NAV.
One reason why most businesses are hesitant about upgrading is the transition concerns. Even though the newer NAV version still has mainstream support, the older version doesn’t have any support. The version that is still supported will be out of support come January 2023. Once the support is outdated, the security updates will be available only for five years. There will be an end to their mainstream support, which depends on what version of NAV they are on.
If you are still using the NAV system, the security, regulatory, legislation, compliance and new updates will soon end. Therefore, your system will not have modern features and protection from ransomware. Microsoft Dynamics 365 offers more security compared to on-premise ERP solutions. Migrating to cloud solutions like Microsoft Dynamics 365 Business Central will make it easier to locate organizational data and how businesses can use that information.
3. Seamless Integration
Business Central offers users seamless integration with Microsoft tools. Having an integrated system allows you to improve productivity on your team and reduce errors. With the integrated Microsoft products, you will have regular updates and security fixes on your system. It easily integrates with web API framework, Azure, Microsoft office 365 and SharePoint, and other dynamic products. Therefore, you can streamline your business processes and increase productivity.
4. Financial Compliance
ERP systems that are outdated will not follow the updated financial regulations. However, the financial regulations are compatible with Business Central. There are also improved automation tools that allow Dynamics 365 Business Central to provide quick financial reporting. You’ll also enjoy AI support equipment and machine learning monitoring and accurate data.
5. Manageable Costs
Moving to Dynamics 365 Business Central reduces the operational costs for your business including warehouse space, admin, labor, and equipment. You’ll also save cost on administrative expenses, server backups, storage management, and software updates. Business Central also uses a subscription model which is more flexible for businesses. The subscriptions are more cost-effective compared to the previous licensing model. A subscription gives you more control over the number of users you can add per month. You will be paying per user per month. There is no annual enhancement or licensing fees.
Business Central is an excellent tool for expanding your business. It is easy to customize and make changes without spending a lot of time and money. Business Central will grow with your business. Since you pay a monthly subscription fee, you can add or remove users as your business grows.
7. 24/7 Access
Dynamic 365 Business Central gives you the option for accessing your system from anywhere and on any device. You can access your data without loss of data. Moving to the cloud is crucial especially now with remote or hybrid work.
If you are considering an upgrade to Microsoft Dynamics 365 Business Central, you’ll need a support partner. Choosing the right partner will make the upgrade process smooth. We have helped companies upgrade to Business Central. Working with an ERP provider like TMC will guide you through the process with ease and confidence. Contact us today to get started.