Do you want to transform your business operation? Then your search should end at Microsoft Dynamics 365 ERP. For completely changing your business, optimizing processes, and increasing efficiency, there is no better powerful software solution than Microsoft Dynamics 365 ERP.
Organizations continuously implement new strategies and solutions in today’s cut-throat business environment to remain competitive. It is imperative to make sure that your business operations are running at the best possible rates since several organizations are providing identical products at the same price.
The best Microsoft ERP Service Provider will guide you in choosing the correct and affordable ERP solution based on your business needs. The right technology will guide your business efficiently and simplify life for you and your staff members.
If you are still thinking, about why would you use Microsoft Dynamics 365 ERP then we shall delve into the benefits of the software further in this article.
Enterprise Resource Planning (ERP) is a kind of software that assists businesses in managing and automating essential business operations for peak efficiency.
Microsoft Dynamics 365 ERP provides a wide range of integrated business solutions for several business functions including those for finance, human resources, supply chain management, and customer relationship management.
When you combine all of such crucial procedures in a single platform, then it can dissolve departmental silos and improve collaboration among the departments. Additionally, contemporary ERP solutions provide low-code customization, enhanced privacy and security, flexible deployment, and sustainability.
It will provide resilience and continuity to your business processes so that you can bid farewell to inconsistent data and intricate integrations and set up your company for the future.
Benefits of using ERP for your business:
In simple words, Microsoft ERP will guide you in planning and managing elements of running your business. Microsoft Dynamics 365 ERP can be implemented irrespective of the size of the company and businesses of different industries can benefit from using the same.
Centralized data
The value of Microsoft Dynamics 365 ERP traces back to the fact that all data from different departments are stored in a single place. In the absence of such a system, data is usually found spread across various spreadsheets and applications, making it difficult to track down whenever there is a need for the information.
Moreover, this also leads to duplicate data storage in inconsistent formats, thereby causing more challenges. All of such issues can be resolved when ERP standardizes the vital data of your business.
When all of the data is stored in a single place, it will be in the desired format and you will not face any issue while running reports or analytics. Standardized data will give you access to information that you need to make informed decisions to save time and money as much as possible.
Compliance
When you are in possession of accurate, up-to-date data that can be found easily, it reduces the effort needed by your organization to comply with the regulations. Customizable reporting tools present within the software also make it easier to keep a note of compliance and adjust as required.
This will also ease up the work of your business auditor as crucial information will be readily accessible. Even certain ERP systems have the ability to support Sarbanes-Oxley Act (SOX) regulation and financial standards such as GAAP.
The best system will update automatically whenever there are any changes in the regulations while keeping your business compliant. Staying compliant can become difficult at times but Microsoft ERP makes it possible to remain compliant even if your business belongs to a highly regulated industry.
Heightened productivity
There are several ways in which Microsoft Dynamics 365 ERP can boost the productivity of your organization. One major way is the way it automates several repetitive mundane tasks and frees up employees from working on other aspects of the business that add more value.
It also enables employees to complete tasks much faster by providing the needed information reducing the time spent on the search for information and making the processes straightforward.
The employees already have the visibility of the entire organization so they will not need to ask around for the way to complete a task or for a specific set of data. When a significant number of tasks is removed from the employees it ensures that they can take up new tasks and focus on exploiting their skills and expertise.
Reduction in costs
Traditional on-premises ERP system requires a huge investment at the beginning which might not be feasible for small businesses. However, such investment will be beneficial in the long run when you do not have an IT department.
Small businesses can choose from a collection of cloud-based ERP systems that do not require hardware, maintenance, upgrades, or staff of IT. These solutions also lead to a reduction in the wastage of resources, improved inventory management, reduced administrative costs, and an increase in organizational efficiency.
We have already discussed the automation of processes which also reduces many administrative costs. Since this system ensures that cost is reduced to a great extent, it implies that it will also provide a fast return on investments.
Visibility
A powerful benefit of Microsoft Dynamics 365 ERP is that everyone has visibility into different aspects of the business. This ensures faster and better decision-making by the managers when they have every important information at their disposal.
For example, the purchasing team can avoid insufficient or excess stock when they come across an in-transit status of purchase orders that are yet to reach the warehouse and hence they can adjust the upcoming orders effectively.
Visibility of the data and process status ensures that different departments can do their jobs better.
Scalability
Microsoft Dynamics 365 ERP is highly scalable which means that the integrated applications can either be implemented all together or stand-alone. You can choose to use only those functionalities that you require while leaving the scope for adding more capabilities as and when your business grows.
The system can scale with the growth of business. When there is an addition to your team, there will be no need to get a new ERP solution as you have already implemented a system. Most scalability can be obtained from a cloud ERP as a cloud system runs on remote servers.
It is much simpler to add the additional resources to maintain the cloud-based solutions effectively because they are hosted on remote servers, as opposed to doing it by yourself. This eliminates the need for hiring a team of experts while reducing the burden on the existing IT team.
It takes a lot of work to upgrade or even switch to the Microsoft Dynamics 365 ERP system for the first time, but the benefits this system offers make all the efforts worthwhile. By reducing costs and removing obstacles, this software can make your organization grow by facilitating collaboration, offering insightful data, and keeping everyone informed. When you do not use an ERP solution you could be at a competitive disadvantage as other companies recognize the value of a real-time and clear picture of their business. Now is the perfect time to look for ERP systems and make implementation plans, because the sooner you take advantage of the software, the better it is for your organization.
Dynamics Business Solutions (DBS) is certified Microsoft Dynamics partner in UAE, we take pride in our ability to develop and deploy the right business solution that matches global client’s requirements. DBS has capable team of experts for Dynamics 365 ERP implementation. DBS has developed in-house state of the art solutions for HR and Payroll, Dynamo and DynaPay on top of Microsoft Dynamics 365 FO and Business Central respectively. These solutions are catering the all business needs of HR and Payroll departments. We provide best services and support to our clients.
To know more, speak to our expert at Dubai: +971 4 447 5525 Abu Dhabi: +971 2 222 2100 or inbox us your query at info@dynamics.ae OR visit www.dynamics.ae
