This article will look more closely at the features and benefits of Microsoft Navision (NAV) and how businesses can leverage the software to be more productive.
What is Microsoft Navision ERP?
In 2002, Microsoft announced the acquisition of a large Danish company called Navision. Their portfolio of services has been rolled into Microsoft Navision ERP or NAV for short. In 2005 the software was rebranded as Microsoft Dynamics NAV, and the company continued to upgrade and improve features of the software each year since.
Today NAV is a top-rated ERP that allows companies to streamline all business functions within one platform. NAV can be deployed in the cloud or on-premise and both fully support the software on any digital device.
Microsoft Dynamics NAV has multiple software modules, including:
- Financial management
Allows real-time management in the cloud of your total profit and loss numbers along with budgets and cash flow.
- Inventory management
Helps businesses impose stricter controls on inventory costs, ordering, and vendor management.
Imposes accountability on sales teams by connecting KPIs with profit and loss numbers. Allows billing straight from Outlook with a PayPal link to speed up payments.
Automates many of the by-hand purchasing functions that served to wasted time. Implements approval procedures to keep a tighter rein on expenses.
- Reporting and analytics
Because these systems are integrated, the data is entered once and extrapolated across multiple systems. This means reporting is more accurate and streamlined.
- Project management
Provides all the tools you need to manage time and labor. Track employee hours by activity, creating a 360 view of any customer project.
The biggest benefit to any ERP is that the hub of the software is a large database of information on your business that is spread across all of these services. The integration of Microsoft Navision ERP with other Microsoft productivity tools, along with the same familiar user interface, allows new users to get up and running quickly. Because NAV is module-based, it allows companies to phase out legacy platforms gradually when transitioning over to Microsoft – what many view as the “Cadillac” of ERP platforms.
Why Choose Microsoft Navision ERP?
Businesses seeking a competitive advantage turn to NAV. That’s because the software has intuitively automated many of the functions that used to take employee time. Any ERP platform will improve workflow productivity, and NAV does that across all business functions. NAV frees employees up to focus on what’s important – improved profitability is the result.
NAV also helps companies get a better handle on their margins. When all of the data is in one place, it’s easier to spot trends in production or distribution. NAV lets businesses compare “apples to apples,” and the results drive business growth.