How Microsoft Dynamics 365 Business Central Is Empowering Indian SMBs

Manish has been associated with Advaiya for 18 years now, prior to which he has worked with TiE Udaipur, S A P Energy, Manish Mohan & Co. and ICICI Bank.

As your business grows in size & complexity and when your business management software cannot keep pace with increasing demands, you are most likely putting your business at risk. Standalone applications, information silos, and manual processes are significant challenges that all growing companies face. Leadership in these organizations must look for easy-to-use, secure, scalable, customizable, affordable digital solutions that can help transform their organization for scale and agility.

Critical as it is, the acceleration of the digital transformation journey has become much easier and accessible now. There has never been a better time for businesses to update their legacy systems. The cloud has opened new opportunities for companies of all sizes to affordably expand capabilities, establish greater efficiency & mobility, and prepare for ever-changing business needs. Upgrading your systems to an integrated and modern cloud solution is easier and more cost effective.

With several business management solutions available in the market, businesses often wonder about selecting the right platform. The key considerations must include platform strength, process coverage, reliability, support, and costs. SMBs would not want to be bogged down with technical issues and need highly capable inhouse IT to run and maintain such solutions. At the same time, businesses must not limit themselves to their existing scale and scenarios, but look for solutions that cover much larger and complex business situations.

Dynamics 365 Business Central is an all-in-one business management solution by Microsoft specifically designed for growing small and medium-sized businesses which can scale. It offers a range of rich features and advanced functionalities that help companies get perfect aid to achieve their business goals, transform more rapidly, and deliver better results. Widely on cloud and comprehensively maintained, Business Central frees a business from technical implementation complexities, connectivity & access issues, and data safety & security concerns. At the same time, it is easy to scale and adapt at your own pace.

Dynamics 365 Business Central automates and streamlines business processes such as finance, sales, manufacturing, distribution, and project management. It is a modern, highly advanced platform that makes it an enormously worth while upgrade from accounting software or legacy ERP systems. The solution comes with inbuilt features that address local regulatory and market requirements for ease of business, including a tax engine and business scenarios for Goods & Services Tax(GST), Tax Deducted at Source(TDS), and Tax Collected at Source(TCS).

With Dynamics 365 Business Central, SMBs can now enjoy its benefits like:
Comprehensive Integration: Dynamics 365 Business Central enables businesses to deploy one solution to manage their financials, sales, service, and operations with the ability to connect applications like payroll, banking apps, CRM systems, or custom requirements. Also, the software allows a comprehensive and speedy way to migrate your existing systems to Dynamics 365 Business Central.

Connects Your Entire Business: Dynamics 365 Business Central automatically pulls your systems and processes together, creating an easy and streamlined integration into your business. This integration requires minimal efforts when setting-up and does not require frequent connection to your systems and IoT devices, so employees don't have to.

Automates & Secures Business Processes:
Businesses, especially SMBs, experience improved productivity and get more done with easy-to-create workflows, audit trails, and enterprise level security features that essential accounting/ERP software can't provide.

Works Effectively with the Day-to-Day Digital Tools:
Business Central works seamlessly with tools like Office 365, PowerApps, Microsoft Power Automate, and Power BI. It allows for extended integration with Outlook, which enables its users to utilize Business Central's features from within their inbox, including the ability to generate quotes based on the content of an email, and submit invoices. And with Microsoft Business Central for Teams, users can quickly share details across team members, look-up contacts and respond faster to inquiries.

Get a Bird's Eye View of Business Operations:
Dynamics 365 Business Central centralizes your data from multiple sources like accounting, sales, purchasing, inventory, and customer interactions to get an accurate end-to-end idea of the individual business. All data stays up to date so managers can spot trends, prevent issues and deliver great customer experiences.

Leverage AI/ML:With Dynamics 365 Business Central, all businesses can easily take advantage of the benefits of ML & AI and use those insights and technologies to forecast business demands & needs, become more efficient and reduce manual processes.

Enables Mobility: Managers of such businesses empower their mobile workforce by delivering the same experience across devices, regardless of the location. This allows a healthy hybrid work environment, thus enabling users the freedom of mobility and helping small organizations manage their growing business.

Ease of Use: Microsoft Dynamics 365 Business Central delivers an easy-to-learn solution that people intuitively know how to use. With a simplified user experience, businesses need not spend time effort, and resources to provide specialized training and support to their users.

With Microsoft Dynamics 365 Business Central coming to the Indian markets, SMBs here can enjoy the power of comprehensive business management at their fingertips. Adopting Dynamics 365 Business Central will enable SMBs to scale flexibly, allowing the leadership and operations teams to focus on growth and innovation.