When it comes to leading ERP systems, Business persons often ask a question, what are the major ERP products of Microsoft dynamics We have tried to remove the confusion by listing and discussing major ERP products by Microsoft application family named as Dynamics.
What Are the Major Erp Products of Microsoft Dynamics in 2019?
1) Microsoft Dynamics 365 for Finance and Operations
It was formerly known as Microsoft Dynamics AX, but the name is changed now. It was an independent ERP system that worked as Aptaxa ERP before it was acquired by Microsoft. It is a combination of ERP and CRM systems as SaaS (Software as a Service) for the upper category of midsized business entities and large enterprises with businesses spread around the world.
It incorporates two separate Microsoft solutions in one suite, which were formerly known as Dynamics AX and Dynamics CRM. It is a suitable ERP and CRM system for larger enterprises working at a global level. It is made to deliver functionalities that are specific to a country. It offers high scalability as per the requirements of a business. It is a great solution for the retail industry, manufacturing companies, professional services providers, and public administration offices. It can be integrated with the existing IT infrastructure environment easily. It can also be leveraged as an on-premises data warehouse and a cloud-based solution as well.
Significant qualities of this solution are compatible with all types of requirements, role-based design, use of advanced technology (which is obvious, because it is a Microsoft product), and high flexibility. The benefits of using this solution as an ERP system include scalability, flexibility, internationality, and transparency. It also enables multi-national companies to implement a unified solution with various language versions globally.
2) Microsoft Dynamics 365 Business Central:
Microsoft Dynamics 365 Business Central is an ERP solution meant to address the needs of small and medium enterprises. It is a successor to previous SMB ERP products by Microsoft like Microsoft Dynamics Nav (Formerly known as Navision), Microsoft Dynamics GP (Formerly known as Great Plains), and Microsoft Dynamics SL (Previously known as Solomon).
It is one of the leading ERP solutions for medium-sized businesses around the world with more than 150,000 customers worldwide. It incorporates a modern User Interface (UI) which is built to address the needs of a company in various roles. It is easy and intuitive to use from the very beginning. Its open architecture enables businesses to maintain, implement, and customize it in a cost-effective way rapidly. This rapid process of customization, implementation, and maintenance allows companies to enjoy the efficiency of this system to the fullest.
The benefits of using this specifically tailored ERP system for enterprises working at a medium level involve simplicity, cost-effectiveness, and flexibility. Businesses don’t have to invest in all functionalities of this solution, they need to pay only for the functionalities as per the requirements. Companies can choose modular functions and pay for them only. This ERP system possesses the capability to adapt to individual needs because of its open architecture.
What are the Major upcoming ERP Products of Microsoft Dynamics in 2020?
As you have already got the answer to “what are the major ERP products of Microsoft Dynamics in 2019?” It is time to discuss future plans of Microsoft and its ambitions to make Microsoft Dynamics a top contender in leading ERP systems in the next decade. It is time to discuss Microsoft Dynamics products coming in the year 2020. We have listed some of the Microsoft Dynamic products which are currently in the pipeline and are expected to make an entry in the year 2020. Let’s take a look at the items listed below:
1) Enhanced Functionalities:
Microsoft is planning to lead the ERP solutions industry with the help of improved functionalities in its ERP systems. Microsoft is now focusing more on cloud-based systems and encouraging enterprises to go for cloud-based systems for a smooth workflow.
2) New Migration Tools for Dynamics GP:
Microsoft is planning to invest in new migration tools for a seamless data transfer from old ERP systems to updated ERP solutions by Microsoft. This would enable Microsoft to implement a unified services pattern for Dynamics Business Central. According to a report, more than 47,000 customers worldwide are still using Dynamics GP.
Therefore, Microsoft is planning to release migration tools to transfer these customers to a unified ERP system for small and medium level business enterprises.
Microsoft Dynamics Products FAQs:
What are Microsoft Dynamics products for e-commerce?
Microsoft Dynamics products are suitable for a variety of businesses, including ecommerce, ecommerce businesses can integrate these products with multiple ecommerce CMS platforms like Magento and Shopify using integration connectors. For more details, head on to the links given below: https://dynamics.folio3.com/dynamics-ax-magento-connector/ https://dynamics.folio3.com/dynamics-nav-shopify-integration/
Is Microsoft Dynamics GP an ERP system?
Yes, it is an ERP system that is rebranded now by Microsoft with the name Microsoft Dynamics 365 Business Central.
Is Microsoft dynamics 365 an ERP?
Yes, Microsoft Dynamics 365 is a rebranded version of older ERP products, Dynamics AX is now named as Microsoft Dynamics 365 Finance and Operations while Dynamics NAV, Dynamics GP, and Dynamics SL are unified with the name Dynamics 365 Business central.
Microsoft Dynamics is an ERP portfolio by the leading IT company, Microsoft. Microsoft Dynamics family involved multiple Dynamics ERP products like Dynamics AX, Dynamics GP, Dynamix SL, and Dynamics NAV for a variety of business levels. These items are now categorized into two products through the New Microsoft Dynamics suite. Dynamics AX is reintroduced as Dynamics 365 for Finance and Operations, which is for larger multi-national business organizations. Other products like Dynamics NAV, Dynamics GP, and Dynamics SL are unified in the form of Dynamics 365 Business Central for small and medium level enterprises.
Therefore, Dynamics 365 for Finance and Operations and Dynamics 365 Business Central are the answer to the question of what are the major ERP products of Microsoft dynamics in 2020? We have also discussed the future plans of Microsoft regarding the Microsoft Dynamics ERP portfolio in the year 2019. We hope this would be useful information for the people who are looking for a suitable ERP system capable of addressing the individual needs specific to their businesses.