What is Microsoft Dynamics Navision?- Dynamics NAV

Accounting with Microsoft Dynamics 365 Business Central

Navision offers important functions for accounting and bookkeeping, for recording and categorizing financial transactions, and for retrieving, measuring, summarizing, and presenting results. With the help of integrated tools, you can simplify bookkeeping and perform various actions automatically:

• You can display general ledger accounts, change default accounts, and add new ones.
• Business Central offers various payment methods and terms.
• You can set up posting groups that will map entities to general ledger accounts.
• The software is used to create and define cost categories.
• This allows you to set up VAT, define foreign currencies, and set up sales and purchasing functions for foreign currency processing.

• The software helps you set up invoice rounding and business intelligence charts for cash flow analysis, analyze financial evaluations in Excel, and create analysis reports.

  This is a comprehensive solution for financial accounting, payment processing, and invoice entry. SMEs can use it to easily generate reports and sales tax returns.

Warehouse management with Business Central

The software automates and maps warehouse processes. You can efficiently manage products, find storage locations to store items, and pick them. Navision enables the management of sales and purchasing processes. This allows you to create new orders, ship and receive products, and post invoices. You can set up storage locations and warehouses, which allows you to structure your inventory by location and building. By defining standard storage locations, you can avoid manual entries, reduce errors, and speed up processes. With Navision software, you can set up transfer routes when products are moved from one storage location to another. The solution enables transparent and error-free inventory management, optimizes internal logistics processes, and improves traceability in the warehouse.

Time tracking using innovative software

For better control and transparency, the system offers the option of entering different types of data:

• Employees clocking in and out when arriving at and leaving work;
• Time and material consumption for individual production projects and time spent at the machine in the production area;
• Time spent on projects and related activities;
• project fees and item consumption;
• planned absences;
• absences due to tardiness;
• manually recorded or automatically calculated work breaks;
• indirect activities during the workday;
• Navision enables the recording of overtime. The solution also allows you to add clock-out entries if your employees forget to do so. It helps to calculate entries, correct incorrect entries, and add missing entries. Microsoft Dynamics 365 Business Central approves entries, sets up workflow approval processes, transfers approved entries, helps cancel transferred entries, and records electronic time cards.

CRM Navision

Microsoft Dynamics Business Central includes integrated CRM functions to optimize the customer experience. It helps you connect customer data and improve the customer journey. The software contributes to workflow optimization and the networking of sales and marketing. With the help of Navision's CRM, you can close multiple deals and gain a comprehensive overview of your customers.

The advantages of the Navision solution

Microsoft Dynamics NAV has a number of advantages that set it apart from other software solutions:

• Quick and easy implementation. Implementation times range from a few months to a year.

• Maximum compatibility—the software can be linked to other Microsoft applications and products from other manufacturers.

• Flexible options for adapting the system to the specific characteristics of the company—an open development environment allows for an unlimited number of industry-specific and customized solutions. The system can be adapted to your company's needs at any time.

• Scalability—the ability to develop the system along with the development of the business. In the initial phase, only the necessary functionality is purchased. If there is a need to expand the capabilities of the system, the corresponding functionality can be purchased additionally.

• Diverse integration options—the system offers the possibility of integration with various software products: financial, economic planning, and accounting systems, banking systems, customer relationship management systems, billing systems, etc.

• Regular updates and cost-effective support.