Even in today’s digital workplace, many companies still perform a lot of document capture tasks manually. That includes processing invoices, registering documents, and reporting. Microsoft Dynamics 365 enables organizations to develop automated processes that seamlessly extract, categorize, and integrate information from documents into their business operations. Teams can reduce manual input and improve overall efficiency by putting critical information at the fingertips of those who need it.

Quick Answer: What are the different versions of Microsoft Dynamics?

• What are the different versions of Microsoft Dynamics? Microsoft has released several ERP and CRM platforms over the years — including Dynamics GP, NAV, AX, CRM, and Dynamics 365 — each tailored to specific business sizes and industries.
• Which version is right for me? It depends on your needs. Dynamics 365 is ideal for modern, cloud-based operations, while legacy systems like NAV and GP still serve niche use cases.
• Is there a latest version? Yes. The Microsoft Dynamics 365 latest versions include advanced modules for sales, finance, customer service, and more.

Businesses handle a constant stream of documents, including contracts, purchase orders, and invoices, that contain information critical to their operations. However, the process of getting to that data can be cumbersome. Information can be submitted in various formats, including PDF, scanned image, or paper form. Having to review these files manually can limit accessibility and slow down the decision-making process.

It’s why many companies have turned to Dynamics 365 document management capabilities to automate the process. Instead of having someone key in information manually, the platform uses technology like OCR and machine learning to perform document data extraction. 

Below are five use cases outlining how businesses can use Dynamics 365’s document management and data extraction capabilities to streamline their information workflows. 

Quick Answer: Microsoft Dynamics Inventory Management

• What is Microsoft Dynamics Inventory Management? It’s a centralized platform that helps businesses track, forecast, and control inventory efficiently.
• Who should use it? Any business — from small manufacturers to enterprise retailers — that needs accurate stock visibility, automation, and multi-location control.
• Why choose Microsoft? The Microsoft inventory management system offers real-time insights, seamless integrations, and automation tools tailored for modern supply chains.

Quick Answer: Microsoft Dynamics Accounting

• What is Microsoft Dynamics accounting? A powerful cloud-based solution to manage financial operations efficiently.
• Why choose it? Automates key tasks, offers scalability, and integrates with Microsoft 365 apps.
• Who is it for? Ideal for SMBs seeking robust financial reporting, automation, and secure cloud tools.
• How much does it cost? Microsoft Dynamics accounting pricing varies based on modules and users.
• Can it grow with your business? Yes — scale from Business Central to Dynamics 365 Finance as you expand.

Every company that relies on internet-connected tools must deal with the potential of cyberattacks. Hackers continually seek ways to gain unauthorized access to platforms like Microsoft Dynamics 365 and exploit any existing vulnerabilities. This article addresses the most significant Dynamics 365 cybersecurity threats users encounter and provides solutions for mitigating them. By following these guidelines, you can help ensure that bad actors don’t get the chance to damage your company’s reputation and put the data you protect at risk.  

Quick Answer: What Is Microsoft Dataverse and How Does It Work with Dynamics 365?

• What is Microsoft Dataverse? It’s a cloud-based data platform that enables secure data storage and management across Microsoft business applications.
• How does Dataverse work with Dynamics 365? It acts as a centralized data layer, powering Dynamics apps with real-time, structured, and validated data.
• Why use it? To unify data, enforce governance, simplify integrations, and reduce manual processes.

Quick Answer: What is Microsoft Dynamics NAV and how does it help businesses?

• What is Microsoft Dynamics NAV used for? It’s an ERP platform for SMBs to manage finance, operations, supply chain, and more.
• How is it different from Dynamics 365? NAV is on-premise; Dynamics 365 Business Central is cloud-based.
• Is NAV still supported? Yes, but it's being phased into Business Central.
• What’s the cost? Pricing varies by implementation, users, and licensing.

Planning a data migration is a tricky process, but it’s vital to keeping up with the latest updates to CRM software that can improve the productivity of your team. However, there are a tremendous number of pitfalls that can be incredibly stressful if you’re not prepared. Making sure your team’s workflows are in sync with the new software is just as important as migrating the data. But that’s not all; cleaning up the data and mapping the features are just as important as using a test environment before deploying the software.

Some companies make prepayments, or advanced payments, for goods and services they will need in the future. They get classified as assets on balance sheets until the organization realizes the benefits. After delivering a product or service, that prepayment gets entered on the income statement. You typically see prepayments for insurance, software subscriptions, and service contracts. Construction firms make prepayments when ordering materials or subcontractor services. 

You can perform the actions related to the above using Business Central prepayment features. Your business can invoice customers or pay deposits to vendors. However, you have to go through some setup within Business Central before you can start working with prepayments.