#dynamics sl

For running a successful business in today’s fast-paced transitional world, it is highly essential that you keep your business agile with easy to deploy technologies. A good ERP solution can be of immense help in this, as it streamlines the vital processes of the organization by plugging in the loopholes and reducing redundancy, enabling you to cut down your operational time and costs. An efficient ERP solution also helps your business teams to communicate better with your customers, business partners, and other contacts.

Today, there are many ERP solutions from different software development companies available in the market. Microsoft, the IT giant offers its own suite of ERP solutions under the brand name of Microsoft Dynamics. In this post, we will discuss the five key Dynamics ERP products namely GP, AX, NAV, SL and C5 to help you identify which solution is the best for your enterprise.

1. Dynamics GP (earlier known as Great Plains)

Microsoft Dynamics GP is simple to learn and easy to use. It works seamlessly with the existing technology systems without requiring an intricate and costly implementation. With Microsoft Dynamics GP, you can gain access to built-in personalization and customization tools to precisely meet your business requirements without requiring any IT support or laying any additional strain on your available resources.

2. Dynamics AX (earlier known as Axapta)

AX is a heavy-weight ERP solution that takes longer to implement than the other 4 Dynamics ERP products but is an extremely powerful ERP solution that is instrumental in providing strict control and process conformity across the organisation. Because of its enormous ERP, business analysis and change management capabilities, AX is usually deployed in full-time development resources at giant business enterprises.

3. Dynamics NAV (earlier known as Navision)

Typically, it is used by mid-market companies and divisions of corporations requiring a flexible ERP solution. The product is equipped with very powerful finance, manufacturing, HR, project, supply chain, service, and marketing modules, targeting all the key aspects of modern business Dynamics NAV also authorized partners and users to access the source code of the product for making any kind of changes and for extending the solution.

4. Dynamics SL (earlier known as Solomon)

SL is very much a niche product that focuses on project accounting. SL was highly appreciated in the media industry. With the original company established in 1980, SL is the oldest of the five products.

5. Dynamics C5 (earlier known as Concorde C5)

C5 is a dynamic ERP product that can assist you in sectors like finance, manufacturing, supply chains, analytics and e-commerce for small and medium-sized enterprises.

License Costs:

To evaluate which amongst all the Dynamics ERP products offered by Microsoft suits your business the most, you need to compare the product’s functionalities with your business processes and assess the value addition it can deliver to your enterprise. In terms of licence costs, AX is the most expensive amongst all Dynamics ERP products. Also, it is more complex and hence takes longer to implement. GP, NAV, SL, and C5 licences are very economical in price, but the cost may rise with added customization's and add-on developments.

Conclusion

Are you planning to make use of Microsoft Dynamics ERP to increase your business’ efficiency and profitability? If you have a project related business and deal with construction, engineering or Government projects then MS Dynamics SL offers you attractive mid-market ERP packages that possess a great deal of power and versatility, enabling you to harness the maximum potential of your business. Do keep in mind that it is not enough to just invest in Dynamics SL; you’ll also need to ensure that the ERP system is designed and implemented correctly in order to get the desired results.

The correct Dynamics SL implementation is a detailed process that starts with understanding the needs of your business and planning for them specifically, keeping future needs in mind as well. A detailed blueprint should be drawn up so that the eventual ERP system works as effectively as possible. What works well for one company will not necessarily be effective for another one and therefore you should shy away from a consultant who offers you a cookie cutter solution.

Upon detailed examination, many companies are found to have incorrect business processes which reduce their ability to function successfully. If this is so in the case of your company then an important part of Dynamics SL implementation will be redesigning existing business processes. In addition, the consultant might also have to integrate various software programs that are currently being used in your company. If your company’s hardware is found to be insufficient then you will also have to make the necessary investment in infrastructure. There will also have to be a strategy in place for data migration. Training is also a very important factor here and it is an ongoing rather than a one-time process.

Is your project related business facing challenges across a number of fronts? While increasing competition is an inescapable fact these days, your business might also have to deal with shrinking margins and increasing expectations of customers. You’ll need to deal with these issues systematically and the best way to do so is by using one of the many mid-market ERP solutions available in the market. MS Dynamics SL is one of the most popular options because it provides a wide range of advantages to companies looking for efficient methods of dealing with challenges.

If your business handles many projects then you need to be adept at keeping track of all details of each client. You also should be able to deploy resources such as equipment and manpower as efficiently as possible so as to ensure that the job gets done in a cost and time effective manner. You’ll realize that it is almost impossible to do this without the help of software programs, and the problems will only increase as your business grows in size. Even if you already use software programs to take care of certain aspects of your business, say accounting or payroll, you’ll need Dynamics SL to ensure that all processes are restructured and made more efficient, with a reduction in the number of mistakes. It goes without saying that this will help increase customer satisfaction tremendously.

You will find it very easy to estimate project costs and timelines once you start using Dynamics SL to manage your business. You won’t need to spend a lot of time collecting data and monitoring details since they will be kept track of automatically. As you can see, the software program will free up a lot of resources, especially your time which can be put to use to look for ways to expand or improve your business. Since the software package is flexible and scalable, it can be used no matter how large or complex your business is.