In today’s business environment, it’s more important than ever to run operations smoothly, efficiently, and intelligently. Businesses today use all kinds of technology and solutions to help with their success.

A commonly sought after service in recent years, this platform truly has it all. It’s much more than just accounting software. Business Central is an entire business management platform that integrates financials, operations, sales, and customer service. It’s even common for businesses to hire Microsoft Dynamics 365 Business Central Accountants to lead the way in their journey.

What Is Business Central?

Business Central is a unified enterprise resource planning (ERP) platform built by Microsoft. In addition to accounting and finance, Business Central covers supply chain, sales, and project management, among others. In other words, Business Central is a one-stop solution for all your business needs. For expanding businesses, this level of integration is a major competitive advantage: you no longer have to coordinate multiple tools, and there are far fewer mistakes due to non-aligned information.

Reasons to Choose Business Central

Flexibility is one of Business Central’s best features. This platform can grow with your company, and you can add functionalities over time as your business expands. A smaller company might first only use the platform to manage core financials, for example. As they scale, they could use it to manage inventory and customers, then even transition to managing international operations.

Integration with other Microsoft products, like Office 365 and Power BI, make it even more appealing. Teams can collaborate more closely, analyze real-time data, and generate actionable insights without leaving the ecosystem.

Streamlining Financial Management

Business Central at its essence provides organizations with accurate and real-time financial data. Automation of financial tasks minimizes manual intervention and errors, and also simplifies and improves the audit process. That way, financial data is used not just for reporting purposes but for charting long-term growth.

What is the Role of Implementation?

Business Central has the potential to be life-changing, but there’s work to be done to have it go live smoothly. That’s where Business Central Implementation becomes important. Implementing Business Central allows for the platform to be utilized the way it should, which is as a customizable solution built to meet your needs, not just as a one-size-fits-all tool.

Implementation may include data transfer, training, customization and integration to existing systems. Companies that seek professional assistance during this phase will have a better chance of experiencing an easy transition and faster ROI. If the platform is not properly implemented, businesses cannot realize the true potential of the platform which can lead to frustration and inefficiency for employees.

Improved Collaboration and Decision Making

Business Central ties together and facilitates processes and not only but also enhances the collaboration among teams. For example, when sales and finance operate in the same system, there is no separation between customer data and revenue recognition. Better decision making is possible when everyone is viewing the same data in real-time.

Better collaboration also results in better customer service, too. Sales teams can develop deeper relationships with their customers since they have a holistic view of their history and needs, and operations teams can ensure orders are filled accurately and on-time.

Future-Proofing Your Business

Digital transformation isn’t a fad. In fact, it’s only going to get bigger and more widespread in the future. If you take advantage of programs like Business Central, you’re not just equipping yourself for today’s businesses, you’re also building for tomorrow. Cloud solutions, AI-based insights, automated workflows and other essential technologies are only going to continue to grow in importance, and Business Central can help you out with most of them already.

At Connect Business Solutions, we know that every business requires more than numbers on a page – it needs a reliable partner who can help to simplify and manage its entire financial process. Our expert back-office support team works with small and medium-sized businesses to ensure accurate records, smooth operations and full compliance with the most up to date bookkeeping requirements.