Choosing the Best Dynamics ERP Solution for your Business
For running a successful business in today’s fast-paced transitional world, it is highly essential that you keep your business agile with easy to deploy technologies. A good ERP solution can be of immense help in this, as it streamlines the vital processes of the organization by plugging in the loopholes and reducing redundancy, enabling you to cut down your operational time and costs. An efficient ERP solution also helps your business teams to communicate better with your customers, business partners, and other contacts.
Today, there are many ERP solutions from different software development companies available in the market. Microsoft, the IT giant offers its own suite of ERP solutions under the brand name of Microsoft Dynamics. In this post, we will discuss the five key Dynamics ERP products namely GP, AX, NAV, SL and C5 to help you identify which solution is the best for your enterprise.
1. Dynamics GP (earlier known as Great Plains)
Microsoft Dynamics GP is simple to learn and easy to use. It works seamlessly with the existing technology systems without requiring an intricate and costly implementation. With Microsoft Dynamics GP, you can gain access to built-in personalization and customization tools to precisely meet your business requirements without requiring any IT support or laying any additional strain on your available resources.
2. Dynamics AX (earlier known as Axapta)
AX is a heavy-weight ERP solution that takes longer to implement than the other 4 Dynamics ERP products but is an extremely powerful ERP solution that is instrumental in providing strict control and process conformity across the organisation. Because of its enormous ERP, business analysis and change management capabilities, AX is usually deployed in full-time development resources at giant business enterprises.
3. Dynamics NAV (earlier known as Navision)
Typically, it is used by mid-market companies and divisions of corporations requiring a flexible ERP solution. The product is equipped with very powerful finance, manufacturing, HR, project, supply chain, service, and marketing modules, targeting all the key aspects of modern business Dynamics NAV also authorized partners and users to access the source code of the product for making any kind of changes and for extending the solution.
4. Dynamics SL (earlier known as Solomon)
SL is very much a niche product that focuses on project accounting. SL was highly appreciated in the media industry. With the original company established in 1980, SL is the oldest of the five products.
5. Dynamics C5 (earlier known as Concorde C5)
C5 is a dynamic ERP product that can assist you in sectors like finance, manufacturing, supply chains, analytics and e-commerce for small and medium-sized enterprises.
License Costs:
To evaluate which amongst all the Dynamics ERP products offered by Microsoft suits your business the most, you need to compare the product’s functionalities with your business processes and assess the value addition it can deliver to your enterprise. In terms of licence costs, AX is the most expensive amongst all Dynamics ERP products. Also, it is more complex and hence takes longer to implement. GP, NAV, SL, and C5 licences are very economical in price, but the cost may rise with added customization's and add-on developments.
Conclusion
With a Microsoft Dynamics ERP solution, your teams can enjoy the benefit of having the innovative, flexible tools they need to increase productivity. No matter where they are working or how they choose to communicate, they can take advantage of contemporary tools encouraging them to turn insights into action and grow your business with confidence, knowing that your business management solution can turn dreams into reality.