ERP For SME’s: 5 Ways Business Central Can Change Your Business
Of all the challenges faced by Small to Medium Size Enterprises (SME’s) in South Africa, an efficient business management system should not be one of them. SMEs face a multitude of business challenges caused by a combination of legacy systems, budget restraints, lack of IT investment, and short-term business strategies.
With growing targets and shrinking spending allocations, it is also harder for management teams to balance business functions across different silos of varied and aged technologies. Until recently, it also seemed impossible to implement a business management system affordable to an SME with a resultant ROI.
In 2018, however, Microsoft launched an Enterprise Resource Planning (ERP) system, Business Central, to cater to the growing needs of SME’s, empowering them with intelligent features to automate business processes and integrate business functions.
What is Business Central?
Business Central runs off the widely known and used Dynamics 365 Cloud Platform and aims to change the face of small business management in South Africa.
By implementing Business Central as part of an organization’s technology roadmap, the following pain points can be addressed:
1. Centralizing control
Business Central brings finance, operations, planning, sales and project views into one unified system that runs seamlessly in the cloud.
2. Cost reduction and management
The Microsoft cloud offers great benefits in terms of scalability and cost management. Business Central can be bought as a once-off or monthly package with features and applications added as needed.
3. Improved procurement procedures
Business Central simplifies stock and sales tracking in real-time. The system also reduces theft, losses, and waste while enabling improved customer service, coupled with buying insights.
4. Better management
Management teams can make better, faster decisions that impact the overall success of the business. This powerful tool also encourages an autonomous work culture by streamlining tasks and ensuring that information is readily available in real-time.
5. Easily integrated reporting
Business Central empowers organizations to integrate business units into one platform to create dashboards and reports that deliver valuable insights and enable data-driven decision-making.
Dynamics 365 Business Central is a complete business management solution that addresses the most common challenges experienced by SME’s and empowers them to reap the opportunities and innovation offered by the digital age.
Say goodbye to business siloes and unite operations, finance, sales and project management functions for complete SME transformation.