Business Challenges
1. OUTDATED ACCOUNTING SYSTEM:
Client was operating on an outdated version of NAV 9, leading to inaccuracies in their accounting system. Upgrading to Business Central online was necessary to modernize and streamline their finance and accounting processes.
2. INCREASED WORKLOAD STRAIN:
Managing the growing workload on their current operations became challenging for Client with their existing NAV version. They struggled to keep up with the workload and reconcile their trial balance accurately.
3. POOR SUPPORT AND SERVICE:
Client faced dissatisfaction with the support and services provided by their current ERP partner. Additionally, their servers were hosted externally, limiting access for further development and hindering performance enhancements.
4. VAT SUBMISSION COMPLIANCE:
Meeting the UK government’s new requirement of electronically submitting VAT returns to HMRC was problematic for businesses using NAV. Their software was incompatible, making compliance difficult.
Solution Delivered
1. IMPLEMENTATION OF BUSINESS CENTRAL:
We successfully migrated the company’s ERP system from an older version of Dynamics NAV to Microsoft Dynamics 365 Business Central Online, ensuring access to the latest features and functionalities.
2. CLOUD ACCESSIBILITY:
With Business Central Cloud, employees gained the flexibility to manage the entire business operations from any location, at any time, enhancing productivity and collaboration.
3. FINANCIAL MANAGEMENT:
Microsoft Dynamics BC addressed the company’s finance and accounting needs comprehensively, providing robust tools and functionalities for streamlined financial operations.
4. COMPREHENSIVE TRAINING:
We conducted thorough training sessions to familiarize the client with all the features and tools available in Business Central Online. This empowered them to leverage the system effectively for data integration across departments, including finance, accounting, sales, and customer management.
Realized Benefits
1. IMPROVED PERFORMANCE:
Dynamics 365 Busine ss Central operates flawlessly, eliminating lag issues and ensuring smooth performance.
2. ACCURATE FINANCIAL REPORTING:
With the upgraded system, the company can now accurately match turnover figures with allocate d costs, simplifying the analysis of business income and expenditure.
3. EFFICIENT FINANCIAL MANAGEMENT:
Tasks such as generating balance sheets and profit/loss statements have become effortless with Dynamics 365 Business Central, enabling quick sharing with relevant stakeholders.
4. ENHANCED TECHNOLOGY UTILIZATION:
By leveraging Dynamics 365 Business Central, the client now automates production processes, contributing to smoother business operations without system performance concerns.
5. DATA SECURITY AND CONTROL:
Deployment on Microsoft Azure ensures complete control and safety over ERP data, providing peace of mind to the company regarding data security.
6. STREAMLINED COMMUNICATION:
Using Business Central, the company can easily share tax invoices with clients via email, reducing manual paperwork and improving efficiency.
7. SIMPLIFIED TAX COMPLIANCE:
With Dynamics 365 B usiness Central, submitting tax reports as Making Tax Digital (MTD) returns to HMRC directly from the system is seamless, eliminating delays and ensuring compliance.
