In today's fast-paced business world, digital transformation is becoming increasingly important for companies of all sizes. According to a recent study, companies that have undergone digital transformation have seen an average revenue increase of 21%. Additionally, 72% of companies that have undergone digital transformation have reported improved efficiency and 67% have reported improved customer engagement.
With the right approach, digital transformation can help businesses streamline processes, gain new insights, and ultimately drive growth.
Migrating from Dynamics NAV to Dynamics 365 can be a powerful step towards accelerating digital transformation for your business. By moving to the cloud, Dynamics 365 allows for increased scalability, accessibility, and security, as well as automatic updates and upgrades.
Looking to fast-track your digital transformation and secure a solid future for your business? Now is the right time to upgrade to Dynamics 365, the cloud ERP system designed by Microsoft to bring agility and sustainability to your operations. With its cloud-based platform, advanced analytics, and customizable features, Dynamics 365 empowers you to streamline processes, gain actionable insights, and drive growth like never before.
Before hopping to read the benefits of migrating from Dynamics NAV to Dynamics 365 cloud, let's understand what exactly Navision or Dynamics NAV ERP is.
What is Dynamics NAV?
Dynamics NAV is a robust and reliable enterprise resource planning (ERP) software designed to help small and mid-sized businesses manage their financials, supply chain, and operations effectively. This powerful platform is packed with features that will streamline your business processes and give you real-time visibility into your data. With Dynamics NAV, you can manage everything from financials and accounting to inventory control and customer relationship management all in one place, making it easy for you to make informed business decisions. In addition to its comprehensive functionality, Dynamics NAV is user-friendly and easy to customize, making it the perfect solution for businesses of all sizes.
According to an independent market research firm, Dynamics NAV holds a market share of around 5-7% of the global ERP market. Additionally, industry experts have recognized dynamics NAV as one of the top ERP solutions for small and mid-sized businesses.
Some of the industries that use Dynamics NAV are Manufacturing, Wholesale, Distribution, Construction, and Service.
However, as technology advances and the business world become more complex, many companies are now considering migrating from Dynamics NAV to Dynamics 365.
Why should you migrate from Dynamics NAV to Dynamics 365 Cloud?
With Dynamics 365 cloud, you can leverage increased scalability, accessibility, and security, while automatically receiving software updates and upgrades. Microsoft Dynamics 365 offers comprehensive functionality, including financial management, customer relationship management, and supply chain management, all integrated into one platform.
Additionally, advanced analytics and business intelligence capabilities give you deeper insights into your business, helping you make better-informed decisions. Dynamics 365 also offers customization options to tailor the platform to your specific needs. Make the switch to Dynamics 365 and modernize your business processes for improved efficiency and growth.
One major reason to consider migrating is that Dynamics 365 is a cloud-based solution, whereas NAV is primarily on-premises. By moving to the cloud, businesses can enjoy many benefits such as increased scalability, accessibility, and security. Dynamics 365 also offers automatic software updates and upgrades, reducing the need for IT maintenance and freeing up IT resources for more strategic tasks.
Another reason to migrate is that Dynamics 365 offers more comprehensive functionality than NAV. Dynamics 365 is a full-fledged ERP system that can handle everything from financial management to customer relationship management (CRM) to supply chain management. With Dynamics 365, companies can have all their business processes integrated into one platform, making it easier to manage data, automate workflows, and gain real-time visibility into their business.
Dynamics 365 also offers advanced analytics and business intelligence capabilities that allow companies to gain deeper insights into their operations, customer behavior, and financials. This can help them make better-informed business decisions and improve their overall performance. Additionally, Dynamics 365 integrates with other Microsoft tools, like Office 365 and Power BI, providing a more seamless and efficient workflow.
Furthermore, Dynamics 365 also offers a wide range of customization options, giving businesses the ability to tailor the platform to their specific needs. This includes everything from customizing the user interface to developing custom workflows and applications. This ensures that businesses can get the most out of the platform and that it can adapt to their unique processes and requirements.
Finally, Dynamics 365 is built on the latest technology such as PowerApps and Power Automate that help businesses modernize their processes and automate repetitive tasks to improve their efficiency. Dynamics 365 can be integrated with other business tools like SharePoint, OneDrive, and Power BI to create modern business processes and forms without the need for code.
Some of the key new features and improvements in Dynamics 365 Wave 2 include:
Dynamics 365 Sales: The new "Engage" feature allows sales reps to create and manage digital campaigns directly within Dynamics 365, making it easier to engage with leads and customers. The Sales app also includes new capabilities for creating custom dashboards and reports, as well as improved integration with LinkedIn Sales Navigator.
Dynamics 365 Marketing: The new "Interactive journey" feature allows marketers to create personalized, multi-channel campaigns that are based on the behavior of individual customers. The Marketing app also includes new capabilities for creating and managing forms, as well as improved integration with Dynamics 365 Sales.
Dynamics 365 Customer Service: The new "Virtual Agent" feature allows companies to create AI-powered chatbots that can help customers find answers to common questions or troubleshoot issues. The Customer Service app also includes new capabilities for managing cases and tickets, as well as improved integration with Dynamics 365 Sales and Dynamics 365 Marketing.
Dynamics 365 Human Resources: New capabilities added to the Dynamics 365 Human Resources (HR) app in the second wave of 2020 release, allow organizations to easily manage their employee data, benefit enrollments, and HR-related inquiries, additionally integration with Dynamics 365 Talent to provide better insights and more automation in the Recruitment and Onboarding process.
Dynamics 365 Finance and Supply Chain Management: Wave 2 update added new features related to Cash Management and inventory optimization, along with Project Management and job costing which were already present in Dynamics NAV.
Power Platform: The Power Platform, which is the low-code development platform for building custom apps and automating workflows on top of Dynamics 365, has received a significant number of enhancements in the wave 2 release such as new connectors and actions, enhanced Power Automate and Power Apps capabilities, and improved integration with Azure services.
Migrating from Dynamics NAV to Dynamics 365 can bring a wide range of benefits to your organization, including improved scalability, enhanced customization options, greater integration with other systems, and better security. With the cloud-based subscription model of Dynamics 365, you can leverage lower upfront costs and more predictable expenses.
As you begin to plan your migration, it's important to work with a certified Microsoft gold partner who has experience with both Dynamics NAV and Dynamics 365.
Are you looking to migrate from dynamics nav to dynamics 365? Email Dynamics 365 experts at firstname.lastname@example.org
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