Microsoft Dynamics NAV Review

Companies are in constant search of the perfect enterprise resource planning solution. One that offers functionalities of a total accounting and finance software. Microsoft Dynamics ERP is designed to provide just these, delivering functionalities such as a general ledger module, accounts payable, and accounts receivable, among others. The application likewise has resource management capabilities, including job costing and multi-entity accounting and consolidation.

Microsoft Dynamic NAV’s multi-currency features are known for supporting flexible exchange rates, and multiple account setups and reporting options, all applicable to different industries. Also, the software’s strong support value added tax and sales tax calculation, along with multi-language support make up its international accounting capabilities. To handle back office record keeping tasks, the platform uses partner solutions that further automate more complicated accounting tasks.

Aside from these, the software also doubles as a distribution and supply chain management solution. It supports the usual processes involved in supply chain management and distribution. Among these functions are inclusion of substitute items, item cross-referencing and stock item handling of non-stock items. Warehouse management features are also in the offing, including functions as cross-docking, automatic replenishment and cycle counting. It is also capable of order promising, item tracking and return management. These supply chain and distribution capabilities give users absolute control over the logistics stream.

Although the software lacks business process management automation features, it can handle procurement tasks with its routing and approval capability. This feature supports email routing chains and transaction authorization, along with basic configuration options. Industry-specific supply chain add-ons have been embedded into the system, among which are heavy equipment rental, inventory adjustments and demand planning. As a manufacturing software, Microsoft Dynamics NAV really stands out. It is capable of common manufacturing solution functions such as production order management, forward flushing and serial and lot number tracking. It can likewise take on kitting tasks like demand forecasting, supply planning and finite loading.

The platform is easy to install as it is fully downloadable, it can also be deployed via cloud. It is available in two modules, with pricing schemes depending on the number of users. The software supports both Windows and Mac OS.

Truly, Microsoft Dynamics NAV is the ideal ERP solution for businesses who need accounting and finance software and so much more.