At the beginning of April, Microsoft launched a new version of Dynamics 365 Business Central, available in cloud and on-premises. This new version brings, aside some technical improvements, a bunch of functionalities which will be surely appreciated by users. We will mention, briefly, the most important ones.
Companies use their inventory mainly for production – as raw materials, or for distribution as merchandise. But there is also inventory consumption for various internal needs, such as consumption for spare parts or fuel. For this type of inventory consumption Microsoft Dynamics NAV (Navision) has a functionality called ”Internal consumption”. Read more
Companies activating on price sensitive markets – and that includes almost all the markets, must use different prices for different customers, according to sales volume or the special character of each vendor-customer relationship. There are always big customers or strategic customers to whom special prices must be granted, not the usual list prices available for everyone else.
In order to help in creating flexible price policies, in Dynamics NAV (Navision) there are special functionalities and we will show them using some business scenarios. Read more
Business companies’ activities involve a continuous flow of trade documents and among them quotes and orders have a special position in fulfilling current operations. Although there are no legal requirements regarding storage into the business applications of quotes and orders, as it is the case with invoices and deliveries documents, it is desirable to have the possibility to keep the historical data. Read more
Microsoft Dynamics NAV (Navision) provides for the companies functionalities which allow an optimum management of financial flows. One of them makes possible to create automatic payments of the vendors, payments which can be transmitted electronically to the company’s bank.
For this purpose, it is used a special journal named “Payment Journal”. It can be accessed in Dynamics NAV using the following path: Departments->Financial Management->Cash Management->Payment Journals Read more
Romanian accounting regulations specify that a company must, at least yearly, make an evaluation of active and passive elements, which is usually performed at the end of the fiscal year. Within active elements, the stocks require most effort. First, there is a physical determination of existing quantities, and then the counted quantities are compared with recorded quantities. If there are any differences, some regulation in the recorded systems is needed. Read more
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
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.