17 Jul Dynamics 365 Business Central, the ERP for start ups
When you are consolidating a business project, choosing a good ERP for startups can be the key to success of the business. One of the most important decisions you need to make is abandoning Excel, hand written books or basic accounting software and take the plunge and buy a product that integrates all areas of your business.
In these entrepeneurial projects, there is usually the preconceived idea that all of the processes of the business can be carried out manually by one person or a small team. However, it is difficult to know the growth rate that the business may have, and getting more customers means more administrative work that can be difficult for team members to undertake over time without the tools that enable them to do it.
Thanks to the advantages offered by the cloud and the packetization of services, the new generation of ERP on the cloud can reach small and medium sized businesses in different sectors who can now benefit from all of the potential of the core of Dynamics NAV in the third generation of Microsoft ERPs: Dynamics 365 Business Central
. Bear in mind that, the more willing you are to adapt your business processes to the product standard, the less expensive the implementation will be and the faster you will be able to start to work with your new ERP.
Which is the best ERP for startups?
The main objective of an ERP is to help companies with their daily business processes. Although startups are typically small businesses, this doesn’t mean they should opt out of using an ERP. An ERP for startups can be beneficial in the sense that it contributes to creating good business practices and to surviving in the world of business. Below, we are going to try and analyse why Dynamics 365 Business Centralis the most suitable ERP for startups.
Regulate your monthly costs
Business Central is a SaaS product (Software as a Service), so you can regulate monthly how many product licenses you need and therefore scale costs each month depending on the work forecast you have. This enables you to scale your expenses and be more flexible in your day to day work.
Without investment in infrastructures
Most startups don’t have the necessary IT resources to be able to implement, manage and maintain an ERP on their own servers. Business Central is stored on the cloud and, therefore, you don’t have to invest or maintain hardware infrastructures.
Furthermore, in terms of the rumours as to whether the cloud is secure or not, we believe that the cloud is more secure than most local solutions. Why? Part of the answer rests on the regulations that have been established to guarantee cloud security. Most of the implementations on local servers are not independently audited or certified, so it is difficult to evaluate the state they are in.
Business centraladapts to your growth rate. You can start with the basic features which enable you to carry out your day to day work, with the confidence of knowing that, when you grow, all of the features of the product will be there for you, without increasing the price of the license.
In addition, so you can work more comfortably, you can adapt each user’s work area so you only give them the direct accesses to their tasks, and therefore avoid them having all of the features offered by an ERP and they will be more productive.
Update without cost
Dynamics 365 Business Central is committed to launching updates every 6 months and the positive thing is that you will be able to enjoy all of the developments automatically and without your licence increasing in price. If you want to work with an ERP for startups which is in constant development and always has up to date features, this is your chance.
Increase your productivity
Being productive is important for all businesses, regardless of the number of employees. However, for a business who wants to make an impact, being productive can be the key to success of the business. Business Central will help you to organise your data, avoid duplicating data and simplify complicated tasks so you can centre your efforts on making your business project grow. In addition, being stored on the cloud, you will be able to access the data from your ERP from anywhere and from any device and continue working, even when you’re not in the office.
We must not forget to mention the integration possibilities that exist between Business Central and Office 365. You will be able to carry out a large number of tasks relating to the management of your business easily and quickly without leaving your email, and you will be able to update data directly from Excel, amongst other options.
Get the collateral from your investors
If you are in the process of looking for investors for your startup, it is possible that many of them work with Dynamics NAV (historically Navision), which is the leading ERP for small and medium sized businesses in Europe. This is why working with Dynamics 365 Business Central can open doors for you when it comes to finding investors. You will work with the strength of a product that incorporates the logic of Dynamics NAV in work processes and has a good reputation in the business world.
Analyse your results
Dynamics 365 Business Central incorporates the Dynamics NAVanalysis by dimensions which enables you to analyse your company’s data. You will be able to decide on what lines you want to analyse the results of your business. For example, if you have more than one office, you may be interested in analysing results by delegation or by type of service, by department, etc.
Do you want to carry out a demo?
At TRIANGLE we always advise thinking long term, bearing in mind the objective for the future and being consistent in achieving success in each business decision you make. With time, your business can grow, you can increase the members of your team and you must have a good ally who enables you to carry out your work without curbing your growth. You can do it with Dynamics 365 Business Central. If you are looking for an ERP for your startup and you want to carry out a demo of the product, you can request it here.