Microsoft’s latest accounting product is unique from anything else on the market. Although it’s branded as a type of Enterprise Resource Planning (ERP) product, it’s not quite the same as its predecessors, Dynamics SL, Dynamics GP and Dynamics NAV.
Two in One
Dynamics 365 is actually two products: Dynamics 365 for Finance and Operations (previously referred to as Dynamics 365 for Financials: Business Edition) and Dynamics 365 Enterprise Edition. Though both editions can be an all-in-one business solution, the Business edition is stronger on the financials/accounting side of a business while the Enterprise edition focuses offers more on the operations/sales side.
What Dynamics 365 does for prospects is offer a stepping stone from simple financial management software programs such as QuickBooks to the mainstream business management solutions often referred to as ERP. The jump from QuickBooks to ERP is not quite such a big leap with Dynamics 365.
Here are four reasons why it’s generating so much attention from companies looking for a new business management solution:
In the Cloud
Dynamics 365 for Finance and Operations is Microsoft’s first cloud-based accounting product. The Software as a Service (SaaS) offering gives businesses the chance to work from anywhere.
Dynamics 365 has created quite the buzz with its low cost. The $40-per-user price tag has resellers raising their eyebrows over the low profit margin and has prospects lining up for demos and more information.
A typical ERP implementation starts with determining what the client needs and planning how to set that up in the product; the entire implementation process easily takes months. Not so with Dynamics 365. It’s less customizable, but that means the implementation process involves less strategic planning, and the standard product can be ready for use within weeks from the implementation start.
Easy to Learn
Dynamics 365 has received some criticism for being a stripped-down ERP product, but for users who are dipping their toes into the world of ERP, that might be good news. New users can more easily learn the program and get back to their work routine.
These reasons show why Dynamics 365 is getting attention from prospects who are outgrowing QuickBooks but not quite ready to make the jump to a full-scale ERP product. The investment is lower, the time to get up and running is faster and the learning curve is easier to grasp in this cloud-based solution.
If you’re looking for a simple accounting solution that offers more than you get in QuickBooks, Dynamics 365 for Finance and Operations may be the solution for you. Call 763-412-4315 for more information.