For solving complex problems, Enterprises need advanced resource planning solutions of cutting-edge technology. Microsoft Dynamics 365 help in solving these problems by providing different product based on business requirements.
Microsoft Dynamic 365 developed two product one is Dynamic 365 Finance & Operations and another is Microsoft 365 Business Central that helps businesses by providing tools for industry problems.
Both Product offers solutions to the problems, but they cater different market segments and operational scales. In this discussion we will explore which business solution is best choice for your enterprise?
Essential Characteristics of Dynamics 365 Finance & operations
Microsoft Dynamic 365 Finance & operations is a business Solution which designed especially for large enterprises. It provides solutions to businesses such as finance, Operations, HR etc. Let’s look into some important key features:
- It is used for budgeting, financial reporting and forecasting capabilities.
- Helps in production planning, inventory management and purchasing in Supply chain.
- Improves HR practices, skill management and employee engagement.
- Manage regulatory compliance and reduce risks in compliance and risk management.
Essential Characteristics of Dynamic 365 Business Central
Microsoft Dynamic 365 Business central is a business solution which provide core capabilities specially for small to medium enterprises. It has capability in various area of businesses such as sale, service and operations. Let’s look into some important key features:
- It is used for core accounting, financial reporting and cash flow management.
- Tools for managing customer functionalities, sales & marketing processes and service contracts.
- Helps in timely delivery of the project and resource management.
Capabilities Comparison
The next step is to identify the differences between both the products. Microsoft develops the products for enterprises to solve their business problems. Both the product provides different features to the user. Let’s compare Both the product on the basis of some factors:
| Factors | Microsoft Dynamic 365 finance & operations | Microsoft dynamic 365 business central |
| Target Audience | Medium to large size enterprises | Small to mid-enterprises |
| Availability | 140 Countries | 33 Countries |
| Minimum no. of users | 20 | 1 |
Core Capabilities | Used in Deep integrations with CRM, Customer service, Human resource, Talent, marketing and supply chain management | Core capability in sales and service management, Deep integration with service management and manufacturing |
| Deployment options | Cloud or on premise (Hybrid deployment) | Cloud or on premise |
User Experience | Complex interface designed for users with basic ERP requirements | User friendly interface with automatic navigation with basic ERP requirements |
| Implementation Cost | Higher licensing costs | Affordable licensing costs |
Scalability | Highly scalable to accommodate the growth and expansion of large enterprises. | Scalable but may require transitioning to a more robust solution like Finance and Operations as business complexity grows |
Return on Investment
Nucleus Research Company conduct research on deployments of Microsoft Dynamic 365 and after analyzing the results, they found that companies get an average of $16.97 in returns for every dollar they spent.
Nucleus found the result was that companies were able to achieve significant returns by leveraging Microsoft’s investments in cloud as well as analytics, increasing efficiency and reducing costs.
How to Access your Business Needs?
Now that we have explored the key features and difference between Microsoft Dynamic 365 finance & operations and Microsoft Dynamic 365 Business Central.
Next step in this article is to determine that which product is best suit for your business. This decision is depended on your business requirements and future goals of company.
Let’s look into some important factor that should be considered during assessing your business needs:
- Enterprises Size: first step in accessing your business needs is size of your organization. If it is a large Enterprise with complex finance, supply chains and global operations, then Microsoft Dynamic 365 Finance & Operations is best product to handle your needs and improve efficiency. But if your business is small and medium sized with fewer employees, then Microsoft Dynamic 365 Central is best choice for your business functionalities.
- Industry Focus: if your business has extensive industry specific capabilities then Microsoft Dynamic 365 Finance & operations is best choice. And Microsoft Dynamic 365 business central is best product for businesses that are versatile but not as deeply specialized.
- Budget Constraints: Also consider your budget limitations while accessing your business needs. Microsoft Dynamic 365 Finance & operations is costlier, while Microsoft Dynamic 365 Business Central is budget friendly suitable for businesses with limited financial resources.
Future scope
In future Dynamics 365 finance & operations and Microsoft Dynamics 365 Business Central is integrated with AL and ML to enhance decision making and automate routine tasks.
They are integrated with IOT Devices to streamline manufacturing and supply chain operations. Microsoft can develop industry specific modules to meet the unique business requirements in each sector.
In future these products enhanced the user experience, expand integration with third party applications and enhanced their cloud capabilities for better security and navigation.
Conclusion
In this blog we came at conclusion that both Microsoft Dynamic 365 Finance & Operations and Microsoft Dynamic 365 Business Central offer solutions to different market segments and operations.
Which product is suitable for your business, depend on the business requirements and industry sector.
As both the product are continuously evolving, they promise to enhanced user experience in future also. Businesses must carefully identify their business needs and future plans to choose the right product that aligns with your goals.
