What is navision? It may sound like a new software for a GPS system, or maybe for ‘navigating’ waterways. Initially, though, the term comes from Microsoft’s introduction of a number of accounting programs they acquired back in 2002: a Denmark company released the first iteration of Navision in 1987. The latter allowed many users to access the suite’s financial modules simultaneously.
Since 2005, when the Redmond Giant put its Dynamics platform through re-branding, the software is called Microsoft Dynamics NAV, an enterprise resource planning system.
The sound of it may turn off many small and medium size (SMBs)businesses because they fear underutilization, duplication and, perhaps, too much expense.
But for those SMBs still tied to their old methods, like reliance on Excel spreadsheets for carrying out their back office tasks, they may be up to their scuppers in inaccurate reports, and spending too much time searching for files residing in multiple silos here and far.
Think ‘integration’ of business functions and the beauty of the Microsoft Dynamics NAV comes clear: it is customizable for a large array of industries; what’s more, it is used mainly by small to midsize companies, giving them a decided edge in competing in the marketplace with betterbusiness intelligence (BI)---even up against larger companies (Microsoft Dynamics AX is suited for larger and even internationals with multiple locations.
In short, Dynamics NAV provides real-time data that monitors business functions in multiple locations, from on-demand financials and manufacturing reports to client data and distribution tracking. All of this, to keep a business moving forward and remaining competitive.
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