Is your business growing? Do you feel as though your finance and operational software is no longer meeting your business needs? In this blog, we take a look at the 10 signs that your business may be ready to move on to something bigger and better – Business Central.
What is Microsoft Dynamics 365 Business Central?
Business Central is a cloud-based comprehensive business management solution that allows your business to work smarter, adapt faster, and perform better. Much more that a basic finance and accounting solution, it helps you transform your business operations, improve your financial performance, and boost your sales.
What are the signs that your business is a good fit for Business Central
Looking at your current business situation, Business Central could be a good fit for you if you answer YES to one or more of these questions:
1. Is your business growing in complexity?
Over the last few years, your business processes may have become more complex and you are struggling to manage them with basic accounting software or spreadsheets. With Business Central, you will get a system that not only manages your finances from end to end but will also track KPIs, provide actionable insights, and accelerate month-end and year-end processes.
2. Is your system struggling with your current user and transaction volume?
As a business grows, so does the volume of users, transactions and business data. Many entry-level systems do not have the capability or capacity to keep up with increasing volume demand. Business Central’s scalable and flexible subscription-based licensing means that you get a system that can grow as your business does.
3. Are you currently working with multiple, disconnected systems?
Many businesses waste too much time dealing with multiple systems that can’t communicate with each other. This leads to duplication of effort and increases the risk of errors. Business Central allows you to combine all your disconnected systems into one comprehensive solution. Going forward, you would have the ability to connect systems and processes for efficient finance, sales, service and operations management.
4. Are you struggling to get access to real-time data?
You want access to the most up-to-date financial and operational data, but your current software isn’t able to deliver it fast enough or in a user-friendly format. With a cloud-based solution such as Business Central, you would have real-time access to critical business data on your business operations, including financial, inventory, and sales. This will enable you to make informed decisions quickly.
5. Do you need more advanced reports for your long-term business planning?
Many businesses can’t get robust reporting and analytics out of their current system to help them make any realistic long-term strategic planning decisions. Business Central not only has built-in analytical functionality that will help inform and guide your decision-making, but also seamlessly integrates with Power BI, Microsoft’s powerful data visualisation and reporting platform.
6. Do you have regulatory compliance requirements that are not being met by your current system?
Within every industry, there are various regulatory requirements and industry standards. Many businesses require a system that can help manage and track their compliance and reduce their risk. Business Central contains functionality and is built on a platform that makes it easy for customers to comply with compliance and regulatory legislation, such as GDPR, the European Union’s Corporate Sustainability Reporting Directive (CSRD) and other ESG standards.
7. Do you want and need greater mobile access to your systems?
Remote and hybrid working has completely changed the types of system access that businesses need. Gone are the days of only working on your accounting system when you are in the office. Businesses now need systems that can be accessed remotely. With Business Central, a business has real-time access to critical business data from anywhere, at any time, using any device with an internet connection.
8. Do you need to automate more repetitive tasks?
Many entry-level accounting systems don’t have the functionality to help you automate tasks and streamline workflows. Business Central uses next-generation AI and automated workflows to streamline processes, speed up tasks, and make better decisions.
9. Do you have other line of business systems that you can’t currently integrate with?
In today’s interconnected business environment, seamless integration with other systems and applications is essential for operational efficiency. Basic finance systems may struggle to integrate with the other systems and software used by your business. Business Central comes with an extensive list of built-in APIs, Microsoft’s preferred integration method, that allows you to integrate your separate systems with minimal set up.
10. Do you use Microsoft’s productivity tools such as Word, Excel, Outlook and Teams?
If your company uses any of the Microsoft 365 suite, a move to Business Central is the obvious choice. It offers seamless integration with all of Microsoft’s products. For example, Business Central’s app for Teams allows users to quickly share details across team members, look up contacts, and respond faster to enquiries. Meanwhile, Business Central gives its users two options for viewing information in Excel: Open in Excel and Edit in Excel.
TVision Technology: A good fit for your Business Central implementation
If Business Central sounds like it could be a good fit for your business, find out whether TVision Technology could be a good fit as your implementation partner.
We deliver efficiency, control and growth by having one of the largest and most experienced Microsoft Dynamics 365 Business Central teams in the UK. In addition to deep technical know-how, every member of the team takes real pleasure in implementing solutions that are just the right fit for your business – no matter what industry you are in. That’s why our customers stay with us for the long term, whether they are implementing a new system, enhancing their existing deployment or looking for an outstanding support partner.
To find out more about Business Central and TVision Technology, contact us today.
