We welcome Dynamics 365 Business Central, the long anticipated name for the “Tenerife” release of Microsoft’s ERP service targeted for Small to Medium size businesses available in 14 countries on April 2, 2018.
In a blog written by Fredirk Hietala of Microsoft titled Business Central - Capability Overview, we can see that Microsoft has been working hard to bring much of the Dynamics NAV functionality to the cloud. With the full set of features, we will also be seeing a new user interface, ability for personalization and the power of integration with Office 365. Microsoft has successfully created suites of existing products (think Word, Excel, PowerPoint into Office) and now with cloud-based services, Microsoft is again bringing this approach to fruition with Office, CRM, Flow and PowerBI integrations. Some of the Office 365 Business Apps also play well with the service, such as Bookings, which can be integrated for bulk invoicing.
Microsoft has also posted an Overview page in the Dynamics section of the Microsoft.com site. Most interesting is the release of the licensing and Estimated Retail Price for the service. There are three license types: Premium for $100, Essentials for $70 and Team for $8. Purchasing for Dynamics 365 Business Central is available through Cloud Service Providers (CSPs) exclusively. That means that you cannot add it as an additional subscription via the Office 365 Admin Portal.
So what are the differences between Premium and Essentials?
- Essentials is what you have come to know as Finance and Operations Business Edition or Madeira.
- Financial Management with General Ledger, Accounts Payable, Accounts Receivable, Cash Management, Dimensions, Fixed Assets and Budgets. Intercompany and multicurrency’s
- Sales and Purchasing management with Quotes, Orders, Invoices for both Customers and Vendors, Inventory tied into Sales and Purchases, Vendor Catalogs, Substitutions, Locations and Warehouse Management, and BOM and Kits.
- Basic Customer Relationship Management with lead and opportunity management, Contacts, Marketing Campaigns and integration with Dynamics 365 for Sales
- Project Management with resources and resource groups, Jobs and Work in Progress tracking, Time Sheets (not for payroll) for project allocation and expenses.
- Premium adds,
- Service order management for managing interactions after the sale including service request, service schedules, service orders, items, contracts and planning with dispatch.
- Manufacturing adds Production Orders, Version, Supply Planning, Demand Forecasting, Capacity Planning, Machine Centers, Finite loading and Subcontracting.
If this set of features in not enough, you can extend the service via Appsource. So if the features are not able to cover your needs, look in AppSource for third party solutions to round out your requirements.
Microsoft has provided tools for migrating to Business Central. Extensions for Quickbooks data import are available as well as the Rapid Start packages for importing your financial data into Dynamics 365 Business Central.
This additional blog also has further details on the announcement.
Are you interested in staying up to date on the latest news regarding Microsoft Dynamics Business Central? Join our Business Central email list here (subscribe below) and we will make sure you receive future notifications and communications about product releases, features and functionality and user tips and tricks.
We encourage you to check out the announcements and reach out to us if you have any questions!