While it can be hard to appreciate the fact when mired in process planning meetings all day, the concept of the process has done wonders for business planning. It's no wonder then, that the best business software revolves around the concept.
The first step in NAV's process is the initial setup. This is the first configuration of the NAV system, including entry of essential master data, setup data, and reference data. This may seem like the boring part, but it's essential in tailoring Dynamics NAV to your business. Then the more day-to-day activity: transaction entry. Every transaction is entered into a journal table, where the data is validated according to configuration. The obvious example here is a point of sale, but these entries can also be generated automatically or imported from another source.
While there's a brief validation of entered data when it's entered in a transaction, another more robust round of validation follows. The first round of validation is merely to check essential data (making sure that data is formatted correctly, etc). This stage in the process flow is more broad, and can compare entered data to more meta data to ensure that everything is on the level. The validation done here is configurable, and can be tweaked to send alerts or halt processing under certain conditions.
From then, the data is posted to one or more ledgers, depending on validation. Data can also be posted to various reports if desired. The really interesting stage comes after posting, oddly titled “utilize.”
From there the whole cycle starts again (excepting initial setup). While laying it all out there may sound simple, it takes great software to make an incredibly complicated process sound like nothing. In addition, almost every stage of the process is incredibly flexible. The reporting process can break down at any stage in the workflow, so it's a godsend to have the freedom to work out the kinks.