Category: Dynamics 365 Business Central
Microsoft is the industry leader when it comes to providing software solutions for small and medium-sized businesses, so it is no surprise that its Enterprise Resource Planning (ERP) system is such a popular choice. Dynamics 365 Business Central brings together a range of different functionalities covering operations that include financial aspects of running a business to project management and delivering sales.
One of the biggest buzz phrases in IT circles for the past few years has been cloud computing. Therefore, it’s surprising that some business owners are still not quite sure what it means and how much it can benefit them. While the term can give the impression of releasing control over your data as it disappears into the atmosphere, the opposite is true.
The software that you decide to use to run your business lies at the heart of its smooth day to day operational capabilities. Therefore, regularly making sure that it is fit for purpose is a very important task. As with any technology, whether it is software or hardware, the basic requirements are that it gets the job you need doing done to your specifications. One of the most important systems for many businesses these days is an Enterprise Resource Planning (ERP) process management tool and knowing when the time is right for an ERP software replacement is key.
There are so many acronyms bandied about in the world of IT that it can be off-putting if you are a business owner who wants to keep on top of developments but wants to avoid jargon and tech-speak. You’ll most likely be familiar with the three-letter tag CRM, as customer relationship management has been around as a concept for a long time and most business software applications are centred on the functionalities involved. ERP might be new to some people, but even so, Microsoft’s Dynamics 365 offers both Apps in a combined and fully integrated application.
One of the most popular and versatile software solutions on the market is Dynamics 365 Business Central. If you already use the Dynamics 365 suite, you’ll be pleased to hear that a major new update has added many enhancements. The Business Central April ’19 release updates the original, which was launched in April last year, and follows on from the October release of on-premises deployments. This latest set of tweaks and new features means that savvy business users will now be able to do even more with the ease of use and functionality they are already familiar with.
Businesses are now making an inevitable transformation from “on-premise” software to online subscription-based “software as a service”. Dynamics 365 is a topic you should be acquainted with so, whenever you come across it, you can talk intelligently and understand how you can prosper from using it. Read more >
As you might expect, GCC uses Microsoft Dynamics 365 Business Central to run its own internal accounting system and key operational services. One area of potential concern for everyone using cloud IT services is how to secure and protect access. This is obviously very important when you’re talking about your own accounting system and core financial data.
GCC have four types of core users that need access to the finance system data to perform a mixture of data processing tasks – basically to read, edit, create and delete data.
The good news is that Microsoft Dynamics 365 Business Central can be deployed alongside Microsoft Azure security services to provide a very secure and yet flexible solution. GCC has the following user roles deployed Read more >
Business Central has functionality to create VAT reports (and VAT Returns). The Making Tax Digital VAT features extend this foundational VAT capability to allow for communication with HMRC.
The Making Tax Digital VAT extension lets you:
- Retrieve VAT obligations from HMRC
- Get reminded about VAT obligations that are approaching or already past due
- Submit and view VAT returns to HMRC
- View VAT payments and liabilities with HMRC
Read more >
If your business uses Dynamics 365 Business Central, you are already well placed to meet compliance standards and fulfil regulatory demands. However, from time-to-time, the government introduces new initiatives, which mean you need to make sure that your software is updated and ready to deal with the new challenges it brings. Making Tax Digital (MTD) is one such change, and Dynamics 365 Business Central can support you throughout the process.