At the heart of Dynamics NAV is the General Ledger and it is typical for most NAV sites to be using the financials functionality. For some, that is as far as NAV needs to go for their business. With over 40 local versions produced and supported by Microsoft and global presence in over 140 countries, Dynamics NAV is well proven to meet the local fiscal requirements.
Dynamics NAV covers core finance functions and extends these to control processes such as purchase requisitions, purchase to pay approval, expenses and business analysis. Tools such as PowerBI, machine learning with Cortana intelligence, OCR document processing and workflow make Dynamics NAV much more than just an accounts package.
Why choose NAV for Financials?
Each local version of NAV is compliant with the relevant accounting requirements. For the UK, Dynamics NAV meets needs for VAT reporting and Intrastat.
From reversing, recurring journals to fixed asset depreciation to bank reconciliation; Dynamics NAV has the day to day finance team functions at its heart.
Dynamics NAV supports business from local to international. Multi company functionality includes inter-company trading and consolidation.
Excel is an essential business tool for many finance teams and Dynamics NAV embraces this. Data such as journals and budgets can be prepared in Excel then loaded into NAV. Reports such as Trial Balance or Profit and Loss can be generated in Excel directly from the NAV data.