Our most recent vendor briefing with Microsoft on their Dynamics NAV ERP solution allowed us to get a comprehensive update on the new developments, enhancements, and future plans for the product. The representatives from Microsoft who joined us were: Jim Dreyfuss, Tom Taylor, Partner Technology Strategist, and David O’Bryan, Channel & Business Development Manager. We were also given the opportunity to learn about Microsoft’s new small business solution, Madeira.
Dynamics NAV ERP Background
Founded on April 6th, 1975, Microsoft recently celebrated 41 years in business and is the largest software company on the planet with over $93 billion in annual revenue and 112,000 employees. Dynamics NAV ERP is backed by Microsoft’s $12 billion R&D investment, the largest of any software company, and is the most widely-used mid-market ERP solution worldwide. There are 117,000+ customers across 140 different countries, and over 3,500 Dynamics NAV ERP partners marketing, selling, and implementing the product throughout the world.
Microsoft Dynamics NAV ERP is designed to be flexible enough to meet the needs of a wide variety of companies in the mid-market space, including manufacturers, distributors, financial services organizations, government agencies, retail companies, and service industries. It is deployable on Microsoft’s Azure Cloud network, alternately as an on-premise solution or in a hybrid model.
Dynamics NAV ERP Partner Network
Microsoft has a large partner network and leverages their 3,500 Dynamic NAV partners for vertical expertise, many of which have built vertical-specific solutions on top of or to integrate with Dynamics NAV. Partners with intellectual property can receive a Certified for Microsoft Dynamics (CfMD) certification which ensures their solution is written to Microsoft’s standards and can be maintained on the Microsoft upgrade path.
All Microsoft partners are classified in tiers such as Gold or Silver and are certified based on competencies such as ERP, CRM, or cloud. Microsoft maintains relationships with their partner network with dedicated account managers who work with different partners based on size and/or vertical expertise.
Features: Standard and Extended
Microsoft Dynamics NAV ERP standard packaging features and functions include support for:
- Standard Financial Management
- Basic Project Management
- Basic CRM
- Supply Chain Management
- Basic HR Management
- Unlimited Companies/Subsidiaries
- Multiple Currencies
- Limited Commerce Gateway
Microsoft Dynamics NAV extended pack features and functions include support for:
- Advanced Financial Management
- Warehouse Management
- Advanced CRM
Features only available with the 2016 release include enhanced Dynamics CRM integrations, workflow, E-services, document management and document capture, unlimited commerce gateway, and optical character recognition capabilities. Additional functionality available through Microsoft’s network of Independent software vendors includes:
- PLM Solutions
- CAD Integration
- Product Configuration
- Demand Planning
- Advanced Planning and Scheduling
- MES: Shop Floor Bar Coding, PNC
- Transportation Management
Extensions to Dynamics NAV
Further enhancing NAV’s capabilities is its integration with Office365 and new extension capabilities. Introduced in the newest release of Dynamics NAV, extensions are installable features of Dynamics NAV functionality, built in a way that does not directly alter source resources and can be distributed as preconfigured packages.
Extensions are designed to be easily upgradeable and can run on a per-tenant basis in a hosted model. Their capabilities can range from a simple UI modification to complete offerings, such as credit card processing or vertical functionality. Extensions are a new model that is a supplement, not a replacement, to traditional source code modification, and is a good way to extend IP to customers in packages that can easily be turned on and off.
Microsoft’s mission is to empower every person and every organization on the planet to achieve more. With a low total cost of ownership, an easy-to-use interface, along with the new extension functionality, and an extensive partner network, Microsoft Dynamics NAV ERP should continue to be a viable and competitive solution for small and mid-sized manufacturers and distribution companies.
To learn more, visit the Microsoft Dynamics website here.