Should You Invest In The Navision ERP Platform For Small Business Growth

ERP systems have conventionally been designed for large-scale enterprises and corporations. After all, these businesses have both a pressing need for an ERP system as well as the resources to back up the development and implementation costs. The reason businesses opt for a digital transformation via ERP is to improve both business efficiency (visible with comparable financial records) and employee efficiency (visible via performance appraisal methods). However, ERP systems have usually been too costly for smaller or medium-sized firms to consider a realistic investment. Until specialized ERP systems like Microsoft Dynamics NAV arrived on the scene, at least. 

Microsoft Dynamics NAV is a cloud-based solution for smaller businesses without the exorbitant costs associated with developing and implementing an ERP system. The SaaS still contains the full range of tools and solutions you would require from an ERP solution. But thanks to cloud computing and better automation technology, Microsoft Dynamics NAV offers numerous benefits at a fraction of the cost. Here are a few reasons to consider investing in this ERP solution to boost your small business growth:

The Huge Range of Built-In ERP Features

Microsoft Dynamics NAV is extremely popular among smaller firms for one very good reason. It has a comprehensive range of features that many smaller firms can benefit from. Many of these features are often part of a full-scale ERP solution. Others are specifically designed for use in small businesses and commercial operations. Among the many features included, some of the most important ones are:

• Access to modern business intelligence gathering and analytical modules.

• Tools for managing and controlling warehouses, inventories, tools, spares, and other assets.

• Better access to financial recording and analytical tools.  

• Integratable with e-commerce operations for streamlined efficiency. 

• Better control and management over payroll and human resource functions.

• Tools to help improve customer service management. 

• Specific modules designed for managing sales, marketing, and distribution operations. 

• Improve point-of-sale operations with user-friendly infrastructure. 

• Better management of workflows and projects. 

• Identify trends and forecast budgets more accurately. 

How Your Business Can Use the Solution 

Of course, a solution with as many features as the ones described above is exciting. But what value does Microsoft Dynamics NAV actually add to your business once implemented? With such a solution supplementing or even replacing your existing IT infrastructure, you can get significant benefit from:

• Analyzing business process data to improve operations. 

• Ensuring up-to-date stock levels integrated with order processing. 

• Identifying key areas where automation can streamline processes. 

• Better adherence to guidelines and regulations like GAAP. 

• Access to accurate and updated records at any time. 

• Making international transactions easier with multi-currency functions. 

• Analyzing and improving interactions between various parts of the supply chain. 

Key Reasons To Give it More Thought 

Still not convinced if you should get the Microsoft Dynamics NAV ERP solution for your small business? There are several other reasons that could help you make up your mind, particularly since they may relate to many of the concerns you might have. For small business owners, here are a few additional reasons you may want to give the service a fair chance:

• You can opt to run the service in-house as well as on cloud servers. 

• The solution can integrate with many other commonly used business systems. 

• Integrates very easily with existing MS Office or Office 365 applications already in use. 

• The intuitive interface is designed for ease of use and better adoption rates. 

• Installation and upgradation costs are replaced by a one-time license fee. 

• Scalable and flexible to the size and needs of your business as it grows. 

• Improves international transactions with robust multi-currency functions.