Microsoft Dynamics 365 is a leading product in terms of ERP solutions. They have a vast number of intelligent business applications helping business owners and their teams to simplify complex business operations. It is famous for integrating key business applications into a single, sophisticated system. Microsoft Dynamics 365 Business Central and Microsoft Dynamics 365 Finance and Supply Chain Management, formerly known as Dynamics 365 Finance & Operations, are the two options available in its ERP (enterprise resource planning) lineup.
Even if both of these solutions have many features that overlap, choosing the best Microsoft dynamics 365 ERP solution for a company is crucial because they each offer different functionality. This article will discuss the major factors of Finance & Supply Chain (Finance & Operations) and D365 Business Central to discover the best option for your company.
Dynamic 365 Business Central
Dynamics 365 Business Central handles all your standard business operations, including customer management, sales, supply chain management, warehousing, human resource management, and more.
The interconnection of people, processes, and data is made possible via Business Central. By utilizing Business Central, you can maximize revenue outcomes, ensure seamless worldwide compliance and regulatory processes, and improve resource usage, the sales cycle, and the production line.
Dynamics 365 Finance & Supply Chain
Previously known as Dynamics 365 Finance & Operations, Dynamics 365 Finance & Supply Chain is a highly compatible solution for mid-sized to large-sized businesses looking to evolve in a cutthroat global market or already incorporating operations related to multi-currency, complex manufacturing, and high-end distribution practices.
How can I Be sure D365 Finance & Supply Chain or Dynamics 365 Business Central is a fit?
There are several factors you need to consider, and mainly, the most highlighting pointers you must keep in mind are:
- Number of transactions per day
- Number of users
- Language or country supported
- Multiple legal entities
- Single solution system
- Highly complex processes
Dynamics 365 Business Central vs. Finance & Supply Chain
Other than the factors above, you have to know if the ERP solution of your choice fits the following factors, just as your business needs it or not.
Factors to consider
Finance & Supply Chain
Business Central
Growth & scalability
Large businesses that require universal reporting, regardless of the number of entities, should use single instance ERP solutions. Additionally, it is appropriate for single-point management of the global rollout of goods and services.
However, incorporating new businesses could be more difficult and expensive.
When you use multi-instance ERP software in many divisions, your system can expand with you, especially when you go through mergers and acquisitions or have independent businesses functioning in other nations. Every instance has the potential to operate differently and uniquely.
To enable complete visibility, reporting from various organizations will require further support.
Licensing
D365 F&SC implementation will require roughly 750 man-days (rule of thumb).
It is estimated that implementing D365BC would require 250 man-days of Microsoft Partner manpower in a manufacturing organization.
Complexity Levels
Even the most complex company operation can be made simpler with the help of finance and supply chain management. The Finance module is in charge of assisting the teams in developing and maintaining a budget.
Contrarily, the supply chain management side enables businesses to leverage IoT data to track vital sales and marketing data, monitor overall manufacturing, and account for each step of a specific process.
Business Central is a rather sophisticated solution that works best for businesses that follow a step-by-step method. For instance, Business Central can be used to handle use, inventory, and financials for a manufacturing company with established procedures and integrate into an existing IT environment.
Functionality
The essentials are covered by default, out-of-the-box functionality. Additional/vertical apps extend the standard package.
Deeper and more feature-rich capabilities come standard and out of the box. Apps that target particular industries expand their capabilities.
Configuration
In addition to having more features, F&SCM is more difficult to configure, set up, and utilize.
As we examine BC configuration, it only requires a click or a few minutes to complete the setup.
FAQs
Small to medium-sized organizations with less sophisticated operations and processes, a shorter timetable, and a smaller budget is the target audience for Dynamics 365 Business Central. Less effort is required to implement this often.
For medium-sized and big corporations up to enterprise-level firms, which are typically multi-entity, international organizations, Dynamics 365 Finance and Supply Chain is made. These firms frequently want to streamline their corporate solutions and combine systems. Greater deployment efforts are being made for Dynamics 365 Finance and Supply Chain than for Dynamics 365 Business Central.
Yes, both offer excellent service to tens of thousands of businesses and are completely safe and legally compliant in every country for which they have released “local packages.”
There are more localizations available for Dynamics 365 Finance & Supply Chain Management (also known as D365FSCM in the business) than D365 Business Central (also known as D365BC or simply “BC”). You can read and learn more about it from your partner too.
When choosing a partner for this kind of deployment, it is essential to have a thorough understanding of your industry and the business objectives connected to adopting an ERP solution. When choosing a partner, seek someone who has experience in your industry, has a similar size business, and is familiar with the business procedures in your sector.
The implementation timetable for Dynamics Business Central or Finance and Supply Chain, as well as their significant variances, should be addressed with consultants. Both you and the possible partner will benefit from being aware of and discussing with the potential partner your specific solution design requirements, such as security and crucial business requirements, from determining a perfect fit.
Bottom Line
When thinking about Dynamics 365 Business Central vs. Dynamics 365 Finance choosing the best ERP solution for your business can be a little difficult.
While Dynamics 365 Business Central is the perfect cloud-based enterprise resource planning (ERP) solution for small and mid-sized businesses to help them integrate operations across finance, supply chain, and project management, Dynamics 365 Finance and Supply Chain Management are two separate programs that can be used jointly or separately to assist larger organizations that require advanced capabilities for finance, manufacturing, and supply chain.
If you still have concerns and want to discuss them in detail, DHRP has the experts to help you understand your needs. So, you can choose the best fit solution for your enterprise and have a clear idea of Dynamics 365 business central vs. Finance and operations.
