FINANCIAL MANAGEMENT
Microsoft Dynamics NAV ERP System provides Accounting and Finance solutions to help you track and analyze your business information. With end-to-end integration, you can efficiently manage:
- General Ledger
- Payables
- Receivables
- Inventory
- Analytical Accounting
- Fixed Assets
- Cash Flow
- Bank Reconciliations and collections
You can also manage your financial processes across multiple currencies, locations, or companies. The key benefits of using Microsoft Dynamics NAV ERP System - Financial Management module are:
- Gives comprehensive, up-to-date financial information makes it easier to spot trends and gain insight into your business activities, so you can capitalize on your knowledge and identify new opportunities.
- Provides control to manage a broad range of other business areas according to your particular needs. You can add functionality as you need it and grow at your own pace.
- Helps reduce the time and effort your people spend on accounting tasks, monitor fiscal performance, and meet business and regulatory requirements.
- Facilitates to control and manage the entire life cycle of your fixed assets - from acquisition to disposal - to maximize the value of your business investments.
- Assists to drive efficiency and maximize cash resources with flexible, integrated accounts payable capabilities.
- Optimizes cash flow by streamlining accounts receivable processes and tracking customer payments.
- Gives multicurrency support to help expand into international markets with confidence and reduce the complexity of global transactions.
MANUFACTURING
Microsoft Dynamics NAV ERP System - Manufacturing Module provides tools to help businesses plan, manage, and execute a world-class manufacturing operation. Organizations can boost operational efficiency and effectively manage production, including production orders, bills of material, supply planning and capacity requirements planning. It helps to manage entire manufacturing process from product configuration, supply, and capacity requirements planning to scheduling and running the shop floor. Microsoft Dynamics NAV - Manufacturing Module also facilitates to manage a broad range of other business areas according to organization's particular needs. You can add functionality as and when required and grow at your own pace. The key benefits of using Microsoft Dynamics NAV - Manufacturing Module are:
- Streamlines your manufacturing processes and adapt quickly to changing demands.
- Satisfies demand with multiple planning options and tracking of utilization and materials costs. Microsoft Dynamics NAV ERP System can help you implement production decisions quickly, make last-minute order changes, and offer customers satisfactory exceptions.
- Helps you integrate kits and kit resources into your sales, inventory, accounting, and pick-and-pack operations.
BUSINESS INTELLIGENCE
Direct access to real-time, business-critical information and a wide range of analytical tools can help manage budgets, create and consolidate reports, and look for trends and relationships. Microsoft Dynamics NAV - Business Intelligence Module helps organizations make smart business decisions quickly and with confidence. With Microsoft Dynamics NAV - Business Intelligence Module organizations get a good overview of their business with the ability to dig into details. It is built on industry-standard Microsoft technology and easily integrates with other Microsoft business intelligence products and technologies. Therefore, businesses can start with the basic modules and Microsoft Office Excel and then add functionality and tools as and when required by them. It also delivers meaningful insight across your organization with powerful business intelligence capabilities.
SALES AND MARKETING
Microsoft Dynamics NAV - Sales & Marketing Module also helps organizations in managing a broad range of other business areas according to their respective particular needs. Businesses can add functionality as and when required and grow at their own pace. The key benefits of using Microsoft Dynamics NAV - Sales & Marketing Module are:
- Equips people in organization to manage contacts, opportunities, and campaigns efficiently while building customer relationships that help drive sales and encourage loyalty.
- Facilitates people in organization to respond quickly to customer service requests and use information from across your business to make profitable decisions about the costs, inventories, workloads, and financial returns of your service operation.
- Assists people in organizations to manage contact information, organize sales campaigns, identify sales opportunities, automate sales tasks, set up automatic reminders and document approval.
SUPPLY CHAIN MANAGEMENT
With Microsoft Dynamics NAV - Supply Chain Management Module businesses get the tools they need to respond quickly to customers, rapidly pursue new market opportunities, and improve profitability by working efficiently with trade partners. You can tighten distribution processes and improve inventory management for single- or multi-site warehouses, as well as handle order processing and demand planning. The key benefits of using Microsoft Dynamics NAV - Supply Chain Management Module are:
- Assists in managing a broad range of other business areas according to particular needs. Organization can add functionality as and when required and grow at its own pace.
- Optimizes cash flow by streamlining accounts receivable processes and tracking customer payments.
- Helps drive efficiency and maximize cash resources with flexible, integrated accounts payable capabilities.
- Matches the goods organization has on hand with customer demand while reducing inventory and distribution costs.
- Integrates Warehouse processes with the rest of the business to manage goods and space more effectively and reduce costs and waste.
- Satisfies demand with multiple planning options and tracking of utilization and materials costs.
- Helps to implement production decisions quickly, make last-minute order changes, and offer customers satisfactory exceptions.
- Ensures fuel productivity throughout organization's supply chain and responds quickly to shipment delays, order changes, and low inventory.
- Increases the speed of critical documents through sales and purchasing, standardize approval workflows, and enforce approval limits.
PURCHASE AND PAYABLES
Using Microsoft Dynamics NAV - Purchase and Payables Module organizations can:
- Apply a payment to as many invoices and credit memos as they like. For greater control, organizations can choose how to apply customer or vendor transactions by specifying the amounts to apply to individual documents. This can be especially helpful when customers make partial payments. If you choose the "Apply-to-Oldest" method, the system can automatically apply receipts to the oldest invoices for specific customers
- View detailed information about the amounts that will be posted to the general ledger prior to posting, such as payment discounts and rounding amounts
- Un-apply or "reverse" all postings and changes related to an application of customer and vendor transactions so they can be applied correctly
- Set a tolerance level (in local or other currency) on an invoice in order to apply and fully close the invoice and payment entries, even if the payment amount is less or more than the invoice. Tolerance can be automatically allowed or decided on a case-by-case basis
- Set a tolerance level of several days to apply and close an invoice and payment, even if you receive the discounted payment later than the discount date specified by the payment terms. Discount tolerance can be automatically allowed or decided on a case-by-case basis
INTEGRATION WITH SYSTEMS
Microsoft Dynamics NAV ERP System is designed to work smoothly with other Microsoft products such as Microsoft Office 2003, Microsoft SQL Server 2005 and Microsoft Windows Vista and XP. For example, documents written with Microsoft Word can take data from the Microsoft Dynamics NAV database and incorporate that information into a customer letter. Workers can use Microsoft Excel to create reports with up-to-date figures imported from Microsoft Dynamics NAV ERP System. Commerce portal capabilities also allow a company to create a Web site to work easier with customers and partners. In addition, Microsoft Dynamics NAV can also be integrated with a wide range of other software products, so even if a small business that already has substantial IT infrastructure, it can be used with Microsoft Dynamics NAV ERP so that a business makes the most of its IT investment.
INTEGRATE MULTI-SITES WITH MICROSOFT DYNAMICS NAV ERP System
If an organization is a multi-site organization (MSO), it can face unique challenges when choosing and deploying a business management solution.
THE CHALLENGE FOR MULTI-SITE AND INTERNATIONAL ORGANIZATIONS
Integration between the IT systems of MSO locations is critical for effectively sharing information, supporting common needs, and functioning successfully as one entity. However, individual sites typically don't require the same level of complexity in their business management solution as the parent company, and they may not have the resources to acquire and maintain a system designed for a larger company. The ideal solution for the MSO business model is a strong core platform and solution that has the flexibility to meet the unique needs of local sites, regardless of their complexity, specialization, or location.
MICROSOFT DYNAMICS NAV: DESIGNED FOR YOUR SITES
Microsoft Dynamics NAV is a business management solution with the flexibility to support the varied needs of multi-site organizations, regardless of size, location, or type of business. It is easy to use and maintain for a low total cost of ownership (TCO). More than 57,000 companies around the world already rely on Microsoft Dynamics NAV.
Microsoft Dynamics NAV ERP System integrates multi-site locations with the parent organization's business management solution.
MEETS THE NEEDS OF COMPLEXITY
Often, sites have the same level of business complexity as the parent company, but on a different scale and without the same IT resources. The solution that is best for the parent company is often too big, complicated, cumbersome, and costly for its sites. In addition, the parent company's system may not address the local requirements or specific business needs of the local sites. Microsoft Dynamics NAV helps MSOs balance the need for complexity without requiring a large IT staff or extensive user training. The solution is easy to customize and deploy. Using the familiar Microsoft Office system interface helps organization's people get up to speed quickly. It also uses industry standards and tools to help ensure smooth integration with the parent company's business management solution. This makes it a good fit for local MSO sites that need robust and tailored functionality with low TCO and strong return on investment (ROI).
MEETS THE NEEDS OF SPECIALIZATION
Sites with specialized functions have key industry and vertical requirements that may differ widely from those of other sites and the parent company. A site that fulfills a specific role in the organization - for example manufacturing, warehousing, distribution, or fulfillment - has different requirements than other sites within the company. Trying to adapt the parent company solution to fit various vertical, functional, and local requirements can result in capability deficits, inefficient solution scaling, and cumbersome, costly customizations. More than 57,000 customers worldwide in a wide variety of industries have already customized and deployed Microsoft Dynamics NAV to accommodate their individual needs. Also, more than 2,700 Microsoft Certified Partners currently deliver these customizations, as well as specific vertical solutions and more than 1,500 registered add-ons. Microsoft Dynamics NAV also provides a Rapid Implementation Methodology (RIM) and industry templates that facilitate cost-effective development for specific vertical industries. Together, these advantages help ensure a long-term solution and help reduce the TCO and increase ROI.
MEETS THE NEEDS OF LOCATIONS
Sites located in different countries need a solution that meets local regulatory and market requirements as well as industry- and location-specific practices for bookkeeping, reports, and financial statements. Organizations like these need a standard solution that will integrate with the parent company's system, that can be localized to address individual market and business requirements, and that can also be supported by their local IT resources. With more than 40 localized versions that include multicurrency and multi-language capabilities, Microsoft Dynamics NAV adapts to local legislative and market requirements, and supports sales to companies in more than 150 countries. The global network of Microsoft Dynamics NAV qualified partners can provide further customization and implementation, as well as local service and support.
MEETS THE NEEDS OF FLEXIBILITY
MSOs must strike a balance between deploying worldwide standardization and allowing customizations to support business procedures at the local site level. The core functionality deployed across the organization should be enhanced to accommodate adaptations to local circumstances, processes, and procedures. The solution must also be able to track local customizations for smooth management of upgrades and a low TCO. Microsoft Dynamics NAV is easy to customize and configure, and it can scale to support changing needs as a company grows. With powerful implementation and upgrade tools, your installation can go smoothly and rapidly. With automatic tracking and handling of existing customizations, upgrades are easy and relatively low in cost - and risk. |
