To handle back office record keeping tasks, the platform uses partner solutions that further automate more complicated accounting tasks.Īside from these, the software also doubles as a distribution and supply chain management solution. Also, the software’s strong support value added tax and sales tax calculation, along with multi-language support make up its international accounting capabilities. Microsoft Dynamic NAV’s multi-currency features are known for supporting flexible exchange rates, and multiple account setups and reporting options, all applicable to different industries. The application likewise has resource management capabilities, including job costing and multi-entity accounting and consolidation. Microsoft Dynamics ERP is designed to provide just these, delivering functionalities such as a general ledger module, accounts payable, and accounts receivable, among others. One that offers functionalities of a total accounting and finance software. Overview of Microsoft Dynamics NAV BenefitsĬompanies are in constant search of the perfect enterprise resource planning solution. These modules offer different functionalities for businesses in need of enterprise resource planning improvements. It is available in two modules–the starter pack and extended pack. The software is being marketed through solution consultants, with the vendor providing price quotes based on client needs, users and deployment. Through the platform’s partner network, software customizations and add-ons have been integrated into Microsoft Dynamics Nav, offering the same for ERP systems in sectors like life sciences, third-party logistics, and quality management. Microsoft Dynamics NAV is guaranteed to enrich user experience, which will enable employees to complete tasks anytime, anywhere. It also allows team collaboration without having to switch applications.

The application’s ability to integrate your organization’s existing systems with data and business processes makes it the ideal ERP software. It can be used by businesses in sales and service, project management, business intelligence, supply chain, reporting, manufacturing, operations, and financial management and accounting. Deployable in the cloud or on-premise, the product is highly adaptable to suit your specific needs in any industry. Microsoft Dynamics NAV is an ERP solution built for small, medium-sized, and growing companies.

How much is microsoft dynamics erp cost