What is ERP and Business Central?
Enterprise Resource Planning, commonly known as ERP, is a sophisticated system that efficiently manages and harmonizes the data flow among diverse business processes of a company.
ERP and Business Central
A short introduction to Entreprise Resource Planning (ERP)
Businesses in different industries can benefit from Enterprise Resource Planning (ERP) as it allows them to manage and integrate essential functions and processes under one system. Essentially, ERP is a comprehensive solution that covers a company’s ongoing operations such as finance, personnel administration, production, order management, inventory management, customer service, accounting, purchasing, sales, and more. By streamlining the workflow, ERP enhances productivity and simplifies business processes.
ERP has the capability to manage virtually all areas of a business, coordinating and integrating them into a single software or workflow. Business Central, in particular, offers a unique advantage as it provides a singular software solution that reduces maintenance, integration, and data duplication. All processes are stored in the ERP database, which gives users a better understanding and control of the company’s operations. The software features various functions that can be customized according to individual needs and requirements. Simply put, ERP is a business system that enables companies to manage their operations in a synchronized and efficient manner.
Given the ongoing digitization of the economy and the intensifying global competition, ERP systems have become more crucial than ever for businesses.
Microsoft Business Central
ERP systems are available for companies of all sizes, with solutions tailored to large enterprises as well as small and medium-sized businesses. For larger companies, there is Microsoft Dynamics 365 Operations, while Microsoft Dynamics 365 Business Central (BC) is a powerful ERP system designed to help small and medium-sized businesses streamline their finance, sales, service, operations, and warehouse management processes for improved results. Business Central offers comprehensive support for all business processes, including purchasing, production, and project management.
One of the standout features of Business Central is its real-time data capabilities, which allow for efficient order fulfillment and inventory replenishment prediction. Additionally, Business Central’s mobile app offers convenient management on the go.
MARKET RESEARCH
Explore some of the benefits of Microsoft Business Central.
According to a research study by Deloitte, companies that utilize an “above average number of cloud services” experience a 26% growth rate and are on average 21% more profitable compared to those that do not use cloud tools.
The Boston Consulting Group reports that 45% of small and medium-sized enterprises (SMEs) claim that their employees are more productive with the help of cloud and mobile technologies.
