Microsoft Dynamics NAV (Navision) allows out of the box transactions in foreign currencies for customers, vendors and bank accounts and provides reporting in both local and foreign currency. Read more
Microsoft Dynamics NAV (Navision) is above all an ERP (Enterprise Resource Planning) system whose purpose is to integrate the main operational areas: manufacturing, inventory, sales and purchase etc.
However, Dynamics NAV has a customer relationship management module which, even if it does not match the capabilities of a system such Dynamics 365 CRM, may provide enough support for sales and marketing departments. So, what does provide Dynamics NAV in CRM area? Read more
ERP Microsoft Dynamics NAV provides for the management a functionality called ”Account Schedules”, in order to obtain synthetic financial information. Account Schedules, using amounts from the chart of accounts, allow drafting financial reports such as: balance sheet, profit and loss, cash-flow, profitability performance indicators etc.
Dynamics NAV provides the opportunity to create customers, vendors and items using templates with information already filled in. Template’s usage secures productivity regarding data entering and also a certainty regarding data’s accuracy.
Current activities of the companies most often need some business processes which must allow to the management to be informed or to approve certain transactions, such as payments exceeding a certain amount or granting commercial credit to customers. Read more
If you are working with an ERP system, there are circumstances when certain activities are recurrent and usually do not need user feedback. For such circumstances in Dynamics NAV is available a functionality called ”Job Queue”, whose purpose is to trigger a task at a certain moment in time, according to conditions specified by the user.
This functionality allows to establish a policy for periodicity of the task and, as it saves user’s time also solve system’s overloading, due to the fact that there are tasks who are very consuming for the server and slow down the entire system. This tasks can be scheduled to run outside working hours, usually overnight. Read more
In Microsoft Dynamics NAV (Navision) posting groups make the connection between accounting module and operational modules (sales, purchase, inventory, manufacturing, service etc.). Through posting groups, when one post a transaction the amounts are recorded in General Ledger and the user does not have to know the G/L Accounts involved in the transaction. Read more
Transactions among business partners usually have a contractual basis; most often in the contracts are clearly established the price, quantity and period of items and services delivery. When transactions are recurrent, it is beneficial for the provider to have contract information in a system which allows sales invoices to be generate easily.