Posted June 8th, 2017 by Cambridge Online
Dynamics 365 for Financials draws expertise from Dynamics NAV and Office 365.
Dynamics NAV has its roots in an accounting solution from the mid-1980s. the true Windows version was released in the 1990s and the latest generation of releases shows the combined development with the Office and Azure teams to provide leading functionality across mobile platforms.
Dynamics 365 for Financials takes functions and features from NAV to provide an entry level solution for small businesses. The solution addresses inventory and order processing as well as accounts; taking on the traditional Sage Line 50 market space and then some. In the US (first market for D365F), the competitive sights were firmly aimed at Quickbooks and so D365F includes standard tools for loading data from this product.
Branded as accounting solutions, this really is a misnomer. These “mini-ERP” solutions are not simple book-keeping solutions and often include great functionality for operational areas of the business. The limitation becomes the depth rather than the breadth of the solutions. Dynamics 365 for Financials offers the core small business breadth. The depth comes from adding capability through extensions or jumping up to Dynamics NAV.
I was surprised by some of the interviews at Accountex last week where Mark from BDO Drive talked about the uniqueness of the Outlook client for Dynamics 365 F; not unique, Dynamics NAV has boasted this since October 2016, and NAV is in market now! Dynamics CRM (now Dynamics 365 for Sales, D365 for Marketing, D365 for PSA etc . . . !!!) has boasted an Outlook client for getting on 20 years!
Technology is never as new as we may think it is. Dynamics 365 for Financials is delivered for consumption in a new way, based on established functionality, proven to bring business benefit around the world.