Microsoft Dynamics GP vs Dynamics 365 Business Central
The advantages of having an ERP to streamline your business are endless. Better customer service, improved efficiency, standardized business process, cost reduction, better financial reporting, improved analytics and a lot more – the benefits that would take your business to the next level when you are backend processes are integrated with modern systems.
Both Microsoft Dynamics GP and Dynamics 365 Business Central are robust ERP systems serving 1000s of companies of all sizes across the world. Considering both, what would be a better fit for your business? Or if you are using Dynamics GP currently and want to shift to Dynamics 365 Business Central – what are the factors that need to be introspective before arriving at a buying decision? In this blog, let us understand the intricacies of both Dynamics GP and Dynamics 365 Business Central. And know what software works best for companies that are all set to scale up in the times to come.
What is Microsoft Dynamics GP?
Microsoft Dynamics GP is an enterprise resource planning, accounting, and business management software that is targeted towards the mid-market segments across the world. This system allows businesses to implement their financial strategies, streamline their system, lockbox processing, ability to refund checks, cash flow management, and more. Although not to its entirety, Dynamics GP also has some sales and services capabilities too.
What are the advantages of Dynamics GP?
From starting out as a service based architecture in 2014 and integrating business intelligence in 2016 – Dynamics GP has come a long way in evolution terms of how it helps businesses to outgrow their current state.
- Deployment – Dynamics GP reduced the deployment time to a drastic extent which thereby helps to install systems quickly and migrate data from existing systems faster.
- Automation – Many tasks – though they differ from business to business – can now be automated with the help of Dynamics GP. And reducing the need for human dependency to complete work.
- Streamlining – By storing and syncing business-critical data related to people and systems, Dynamics GP increases efficiency by streamlining key business processes across the organization.
- Faster communication b/w frontend sales and backend warehousing. This way, companies can speed up their order fulfillment and process management to increase revenue.
- The usual time-consuming tasks such as approval processes, document routing, and other workflows can also be automated. Employees can focus more time on achieving business goals.
What is Dynamics 365 Business Central?
With highly adaptable and rich features, Business Central now has over 20,000 customers for its Cloud version, and the stats are only set to grow in the times to come.
Know more about the capabilities of Business Central
What are the advantages of Dynamics 365 Business Central?
This system allows companies to manage their business processes end-to-end with one software that fits all modules – manufacturing, sales, shipping, financials, and more.
- Finance Management – Apply incoming and outgoing payments, work with checks, reconcile bank accounts, analyze costs of running your business, manage inventory, mfg. costs, and does a lot more.
- Business Intelligence – Know how your business is faring and ascertain the areas that need improvement with actionable insights on budgets, account schedules, analysis views, etc.
- Project Management – Control, collaborate, and design! With this module, the users can create jobs and schedule resources, monitor progress, and working hours. Get a complete overview.
- Sales and Service – Manage all the processes that are related to sales such as quotes, invoices, returns, customer accounts, and more. This way, companies can cater to customers faster and effectively.
- Planning Management – Meticulous planning is the key to achieving the desired results. Make that happen by planning the production operations until the final product is manufactured inside.
- Human Resources – One dashboard where you can view it all – Store detailed information on your employees, track their absence, assess candidates, and get a lot more done with this HR module.
Wait, that’s not it – Microsoft Dynamics 365 Business Central also has benefits that cater to fixed assets, relationship management, inventory, assembly management, warehouse management, exchange of data with external sources, and a lot more – to convert more customers.
How long will the implementation take? Know the offerings.
Dynamics GP vs Business Central
Above, we’ve listed out the top features of Dynamics GP and likewise, took you through how Business Central helps businesses to achieve their best potential. Now, let us understand what gets an upper edge if you have to choose between the two systems to supercharge your business. Let’s analyze based on these three top deciding factors:
- Set Up
- Pricing(Annual/Monthly)
- Features
To name a few – Healthcare, Manufacturing, Retail, and Finance – are industries that have grown multi fold using the systems of Microsoft.
1. Set Up – Dynamics GP was initially developed to be an on-premise solution. This means the requirements will be a space in your office, necessary protections to the hardware, and intervention to ensure it’s working fine.
Whereas for Dynamics 365 Business Central, it is a cloud-based solution that can be accessed from anywhere, anytime. Since everything is hosted with Microsoft, their tech team takes care of all the combinations and complexities.
2. Pricing (Annual/Monthly) – You have to spend more if you choose to go ahead with Dynamics GP than for Business Central – annual maintenance fee, office space, hardware checkups, and more for Dynamics GP apart from a perpetual-license fee that you have to pay upfront during buying and installation. Dynamics 365 Business Central comes with three pricing options that businesses can choose from based on their requirements and budget allocation.
The varied prices are mentioned below:
- Essentials : $70 per user/month
- Premium : $100 per user/month
- Team Members : $8 per user/month
Business central works on a subscription model with a preset fee that needs to be paid to Microsoft. Learn more about the Business Central License Pricing plans.
3. Features – Dynamics 365 Business Central gives you all the features of Dynamics GP and the exclusive features of Business Central that come along. Even the starting essentials plan of Business Central includes innovative features like unlimited users, customization and extensibility, finance management, sales and marketing capabilities, sales and delivery processes, inventory management, and more.
Should you do Business Central Migration
The world is undergoing a technological shift and the cloud is definitely the future of how companies would work and store their data. Also considering the factors that Dynamics GP is costly; taking note of business acceleration features offered by Business Central; to get you onto the path of high growth – Business Central is the right fit for your business. Cloud-hosted, easy to implement, and use functionalities.
Migrate to Business Central and supercharge your company’s growth – Let’s explore how Nevas Technologies can assist in Dynamics GP to Business Central Migration.
