Do you constantly struggle with outdated processes due to your current ERP system? Well, you are not alone in this battle. Many businesses today are reconsidering their current operations and recognizing all the valid reasons to upgrade ERP to Dynamics 365 Business Central.
Business Central is a modern and comprehensive business management system that efficiently handles the inefficiencies of your older systems. It facilitates organizations by providing high scalability, security, and easy data access, essential for businesses in the fast-paced business sector.
In this blog, we will explore why businesses are choosing to upgrade to Business Central, the cons of keeping a legacy ERP, and the immense benefits of this upgrade.
Drawbacks of a Legacy ERP System
Hanging on to a legacy ERP system can feel like using an obsolete phone while your competitors upgrade to modern devices. Here are some solid reasons why older ERP systems fail to meet current business demands:
1. System Slowdowns
Legacy systems struggle to handle massive volumes of data, resulting in system crashes and delays. This situation is further aggravated by employee frustration and missed opportunities. Imagine processing customer orders during peak season and facing system slowdowns, and this is not affordable for any business.
2. Vulnerable Security
They say with great power comes great responsibility. Thus, when it comes to tackling data cybersecurity threats, they have to be rebutted daily, and legacy systems can’t match these strong attacks. Many older ERPs don’t get regular security updates, exposing your critical data to breaches. So, can you risk your clients’ trust by relying on outdated security protocols? The answer is no.
3. Limited Access
Nowadays, businesses rely heavily on remote work and global collaboration. However, older systems tend to bind employees to office desktops. Accessing data remotely or from multiple devices becomes impossible without cloud capabilities, creating disruptions and inefficiencies.
4. Poor Analytics
Data is the backbone of every successful business, but if your ERP system provides insufficient analytics, your arrow will definitely miss the target! Legacy systems do not have the modern tools required to generate insightful reports, leaving you with a lot of guesswork instead of helping you make data-backed decisions.
Top Reasons to Upgrade ERP to Dynamics 365 Business Central
Making the switch to Dynamics 365 Business Central is transformative for businesses that have been stuck in the past. Here are the most compelling reasons to upgrade ERP to Dynamics 365 Business Central, deduced from real-world benefits businesses have experienced:
1. Integrations and Customization
Dynamics 365 Business Central integrates conveniently with other Microsoft products like Power BI, Teams, and Excel. For instance, if you’re tracking your inventory in Excel and analyzing sales trends in Power BI, Business Central acts as the collaborator and makes these tools work in harmony. Its flexibility lets you customize workflows matching your platform with your business processes.
2. Robust Functionality
Whether you’re a small business or a large-scale manufacturer, Business Central has you covered. It fulfills all business needs, from financial management and project tracking to supply chain optimization. It eliminates the need for multiple tools, saving you time and money.
Its inventory management module is one good example; it provides real-time stock updates to prevent stockouts or overstocking.
3. Deployment and Accessibility
Business Central has the flexibility to adapt to your deployment needs. If you prefer on-premise solutions for sensitive data but desire the flexibility of cloud hosting, that’s available, too. This flexibility facilitates businesses across multiple industries to implement the platform in a way that suits them best.
With mobile apps, your sales team can check inventory or customer information on the go, making remote work a breeze and providing high accessibility.
4. Reporting and Analytics
Imagine being able to accurately forecast sales trends, identify your best-performing products, and monitor customer churn from a single dashboard. With the help of powerful tools like Power BI embedded in Business Central, you can access real-time analytics and intuitive visualizations. These valuable insights facilitate you in decision-making.
5. Security and Compliance
Data is at the heart of any system, and data breaches can be very costly, both financially and reputationally. Business Central is equipped with Microsoft’s advanced security protocols, including encryption and role-based access. Moreover, it adheres to global standards like GDPR so that your operations meet regulatory requirements.
6. Regular Updates
Obsolete systems are no longer a hurdle if you have Dynamics 365. Microsoft often rolls out updates, adds new features, and improves system performance. This warrants that your ERP is always current without needing expensive upgrades.
7. Excellent User Experience
Shifting to a new technology is often overwhelming and challenging, but Business Central simplifies this process with its intuitive and user-friendly interface. Whether your finance team is monitoring budgets or your sales team is updating leads, the platform design is such that everyone can use it with very little training.
8. Easy Cloud Migration
Migrating data from an old ERP system can be difficult, but Business Central makes it smooth and straightforward. Microsoft provides powerful tools and support to facilitate an easy transition and minimize downtime.
9. Industry-Specific Solutions
Business Central understands that no two businesses are the same. You may belong to agriculture, manufacturing, or retail, this platform provides modules customized to your needs. For example, inventory management tools makes it an excellent choice for different industries.
Conclusion
The benefits of Dynamics 365 Business Central include much more than its features. Dynamics 365 Business Central drives your business forward and leads to tangible outcomes. Automating manual processes and routine tasks increases efficiency, allowing your team to focus on long-term initiatives.
By integrating tools and boosting productivity, you can gain immense cost savings that positively impact your bottom line. With cloud access, your teams can collaborate easily, no matter where they are. This leads to better teamwork and helps in intelligent decision-making.
The solid security measures of Business Central protect your data against security threats. Simultaneously, the scalability of Business Central facilitates the smooth growth of your business, whether you are expanding your operations or entering new markets.
However, selecting an appropriate ERP is only part of the journey; what matters most is its effective and flawless implementation. This is precisely where Folio3 outshines. Our experts help you shift smoothly to Dynamics 365 Business Central, cutting down on downtime and personalizing the platform to match your unique needs. We help you at every step so that you can focus on gaining the maximum benefits of your shiny new ERP system.
