When looking for the perfect business solutions it’s easy to get confused, do you want Dynamics NAV or Dynamics 365 financials; Now you have Business Central.
For everyone out there, Dynamics NAV did not start its life as a Microsoft product. Navision financials was a little known product purchased by Microsoft in 2002. A few years later Microsoft rebranded the product Dynamics NAV and there started the long process of updating, improving, taking away and changing the look and feel every few years until we reach where we are at today.
Where are we today?
In 2018 Microsoft released the latest product to their Dynamics 365 suite, ‘Business Central’. Business Central is the next generation of Dynamics NAV, a rebranding to fit in with the other Dynamics 365 products.
So what option do you chose?
Steve Gray, Microsoft Dynamics NAV partner and specialist at Cateran, offers guidance to help eliminate some of the confusion, but also help establish that this is not a debate about Dynamics NAV VS Business Central, determining what is the best option that fits your business, your future plans and depending on how much control you want over its implementation.
Dynamics 365 Business Central
Dynamics 365 this is not just one singular product, it has a suite of functions delivered as apps ranging from Sales, Marketing, Projects, Field Service through to Financials. Dynamics 365 apps are built to work together.
Hosted vs on Premise solutions
When you are considering the best way to determine the right solution for your business, one of the major differences between these two applications is the implementation. Dynamics 365 Business Central is a cloud application and can only be purchased on subscription. With Dynamics 365 Business Central, there is no requirement to install the application directly onto your computer, nor any requirement to install updates, patches or new releases. For many companies particularly without an internal IT infrastructure this is great option. Needless to say for other companies, this model involves some disadvantages including lack of flexibility and data autonomy.
Microsoft Dynamics NAV offers more flexibility particularly for businesses looking for additional request development and customization within the system. With Dynamics NAV, you choose whether to install the solution on your own server or in a third party cloud such as Azure. Dynamics NAV works equally as well when the solution is placed in the cloud or on premise.
As mentioned Dynamics NAV can be purchased either with a perpetual license or you can purchase the solution on a subscription basis, where you pay your license on a regular basis as with a ‘SaaS’ solution. Dynamics 365 Business Central is delivered with named users licenses on a subscription basis only. You pay for each user who needs access to Dynamics 365 Business Central.