What Is Microsoft Dynamics NAV?

What Is Microsoft Dynamics NAV?

In the simplest terms, Microsoft Dynamics NAV is one of the leading Enterprise Resource Planning (ERP) software suites on the market. In particular, this ERP system is best compatible with mid-sized business models. This software is capable of handling manufacturing, retail, distribution, and other industries. With its initial software being developed by Navision A/S, the Denmark-based company was acquired by Microsoft in the early 2000s and set as a Microsoft Business Solution.

What Are Some Basic Functions?

Microsoft Dynamics NAV offers a variety of applications used for project management, financial regulation, manufacturing, and business intelligence. In addition, you can utilize this software for sales, quoting, and marketing. Being able to serve a multitude of markets, you can easily change it to suit your industry’s needs.

What Separates Microsoft Dynamics NAV From The Rest?

There are plenty of unique differences with this ERP system. For example, one of Microsoft Navision’s truly great benefits is the use of its Sum Index Flow Technology (SIFT). SIFT allows for less programming typically needed to keep ‘buckets’ of data up to date. You would normally have to post this data manually. Therefore, this ensures that the sum of all numbers tie out to their underlying details. What exactly does this mean? Let’s say a customer has a balance on their account. The open invoice is calculated and summarized in real-time, providing you with absolutely accurate results. Having this process streamlined will easily save you time and money.

Why Choose Microsoft Dynamics NAV?

Microsoft Dynamics NAV is developed with Microsoft platform technologies and runs on Windows and Microsoft SQL Servers. Having one channel to funnel through makes Microsoft Dynamics NAV very user-friendly and offers great convenience upon implementation. As a result, Microsoft Navision is one of the simplest and efficient ERP systems to use on the market.