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. 

Project managers often bounce from one solution to another to accurately track project details. There’s one solution to assign tasks to users for completion, then another to log time and ensure that deadlines are being hit. This often requires a lot of manual updates, which can lead to data entry mistakes. 

Formerly known as Dynamics 365 Project Service Automation (PSA), Dynamics 365 Project Operations provides users with a unified platform that connects all elements of project management, including time tracking, financials, and resource scheduling. 

One of the main benefits of using Dynamics 365 Business Central as your ERP is the flexibility it provides when it comes to setup. The platform adapts to fit the needs of multiple industries, from finance to healthcare. However, there are some basic steps every company should perform during the initial setup. This article goes over best practices for ensuring that your Dynamics 365 Business Central setup works how it needs to help your employees work more effectively. 

While Dynamics 365 provides organizations with various ready-to-use business features, your company may have a business scenario that requires something more customized. For that reason, Microsoft made it possible for developers to create Dynamics 365 plugins to handle those situations. We’re going to walk you through the basics of  how to create a plugin for Dynamics 365.

Regardless of your customer base, your company's reputation depends on how well you manage their expectations. This can mean anything from ensuring the correct product is delivered by the projected due date to responding quickly to queries sent through different online channels. Microsoft Dynamics 365 provides organizations with a powerful CRM solution. You can integrate sales, marketing, and customer service functions in a single space. 

The U.S. spent 2.2 trillion dollars on construction in 2024. That includes money spent on materials, tools, and the people behind the scenes charged with managing functions like finance, procurement, and supply chain management.  Many companies use ERP tools to handle these functions, with one of the most popular being Dynamics 365 for Construction. The platform offers everything organizations in the construction industry need to manage costs across different projects, including the ability to automate common business and financial workflows.

In addition to Dynamics 365, this article explores other popular ERP systems in construction. That way, you’ll better understand what’s available on the market. The key to picking the right ERP platform is matching the available features to how well they suit your company's needs. 

Contract management is an essential function for many businesses. However, setting up, negotiating, and finalizing the terms of an agreement can become complicated very quickly. It helps to handle contract management using Dynamics 365. While you might be familiar with Microsoft Dynamics’ ERP and CRM capabilities, it’s also possible to set up a D365 contract management solution capable of handling contract creation, approvals, and management. Admins can also integrate Dynamics 365 with third-party contract management platforms.

Companies use reports for multiple purposes, including communicating the current financial state of the company. To achieve this, they require business tools that can accurately organize data, enabling quick access to vital information. Dynamics 365 Business Central supports all aspects of reporting, including financial and sales. The platform also integrates with third-party tools like Jet Reports, used to create reports directly in Excel. Let’s look at different aspects of Business Central and some best practices for effective reporting. 

Rapid advancements in artificial intelligence (AI) technology have started a new era of transformation in the business world. The recently launched Microsoft 365 Copilot aims to provide organizations with a way to leverage AI in everyday business processes and workflows. Power platform solutions further enhance this capability by enabling organizations to automate, analyze, and build applications seamlessly. The Microsoft low-code platform enables business users to create applications without the need for deep technical expertise. It helps companies develop solutions faster and with fewer resources. 

Additionally, the low-code platform reduces the complexity of development, allowing for quicker iterations and faster time-to-market. Combining Microsoft Power Platform and Copilot capabilities allows your company to operate more efficiently. Company users save time by building applications capable of eliminating manual workflows, while customers benefit from enhanced customer experiences.