Whether you are running a legacy ERP solution or a modern day Cloud application that you have outgrown there are strong reasons to consider looking at Microsoft Dynamics 365 Business Central – a single end-to-end solution for managing finances, operations, sales and customer service. Some of the entry level cloud accounting systems focus on the accounting aspects and not necessarily the operational side of running a business – if they offer operational functionality its usually very basic and for a growing business its most likely not sufficient.
Project Management as an example, when built into the entry-level solutions doesn’t necessarily handle serious job tracking and merely allows project creation, recording of time, materials and expenses. Project Management within Dynamics 365 Business Central features tools for core project management tasks such as configuring jobs, scheduling resources, managing budgets and monitoring progress.
Many legacy ERP systems simply offer modernized web screens and mobile access as opposed to the benefits of providing true cloud based ERP, and although your legacy solutions have features such as Project costing, Order Entry and Inventory control, a lot of these features and report customizations that you have come to rely on aren’t yet available through web screens.
Legacy systems are great at keeping your records safe and secure but not so great when you need to locate information with often very limited and cumbersome Search capabilities. When the data is found it offers very little business insight as these older systems seldom have built in intelligence. Reports are also often difficult and cumbersome to setup. Modern day solutions like Microsoft Dynamics 365 Business Central actively analyses data behind the scenes and ‘pushes’ important and relevant data to YOU via your personalised dashboard, pre-set with areas of the business that are relative to your function – saving you time and improving overall staff efficiencies.
Legacy ERP solutions don’t provide built in native intelligence in the form of AI and machine learning capabilities which provide more profound and valuable analytical insights.
All systems should meet the functional needs of a business. Whilst your legacy system may meet the current needs, each new change makes the overhead to an older systems more complex, and can shift your focus from growing your business to running the system. Modern, cloud based solutions are more adaptable to the ever changing needs whether it be mobile capabilities for your workforce on the move, or the seamless operation of working with customers and suppliers or meeting the strict standards required to keep your critical data safe.
Sometimes the cost of change prohibits companies to look at replacing their ERP. The cost of NOT changing may be larger! The time and effort needed to stay competitive in an ever changing landscape, the ineffective use or your staff doing repetitive tasks that are accomplished through modern ERP and keeping up to date with legislations and government requirements as well as your current IT costs to manage your ERP all add up to the cost of NOT changing.
Business systems do not work well in silos, and a change to one part of the solution should mean a change to all. An upgrade in time management software, may also impact on the payroll, accounting and reporting solution. How well legacy systems cope with this type of integration is a crucial determinant in deciding whether to change your ERP. Upgrading to an integrated cloud ERP solution allows forecasts, plans, policies, and procedures to deliver a complete view of business.
“ Replacing your accounting software is easier and more affordable than you may think. Use this guide to learn about the benefits of a modern technology platform, better understand the advantages of a cloud-based solution, and know what questions to ask when evaluating your options. ”