Understanding Dynamics NAV and It's Upgrading Process

By Ashutosh Jha → Last Updated on Thursday, December 19, 2019
Whatever the business or the process be, it can not a successful one without proper strategies and planning. In old times, a specific, dedicated team will be allotted with the planning and strategic works.

Nowadays, in this fast and technological world, everything has become advanced with technologies. Similarly, the process of strategic planning is also been updated with computer and mobile applications, making it simpler and easier to use anywhere and whenever required.

In this article, we are going to see about an application that helps in doing such strategic planning process and its upgrading process.

Microsoft Dynamics NAV

Microsoft Dynamics NAV is an enterprise resource planning (ERP) application from Microsoft and it is a part of Microsoft Dynamics family. Dynamics is the specific Microsoft series of applications related to resource planning and customer management.

The Dynamics NAV application is designed mainly to assist the processes related to finance, manufacturing, customer management, analytics etc. This application can be useful for both small scale and larger business companies and also local suppliers and subsidiaries.

Functionality and Usage

Dynamics NAV is useful for almost all sectors, but it is designed especially for manufacturing and distribution sector. It is suitable for Windows Operating system and also for Microsoft SQL server.

It is developed based on .NET framework, thereby making it a perfect Microsoft product. This is usually an on-site deployed tool, but can also be hosted with an additional membership fee.

Areas of Usage

The business areas where Dynamics NAV can be used effectively for the following fields:

• Financial Management and Accounting – Used for managing the organization’s or personal cash, assets and banking operations.
Supply Chain, Manufacturing and Operations – Used for managing and tracking the production, stock, orders and vendors.
• Sales and Service – It can also be used for managing the contacts, sales opportunities and records and service contracts related to your business.
• Project Management – As the name implies, it can be used for project estimation and tracking as well as capacity management.
• Flexible Deployment – Based on the business requirement, on premise or cloud deployment can be carried out using Microsoft Dynamics NAV.
• Business Intelligence and Reporting – Provides a detailed overview of your business and helps you in making proper decisions.
• International Currency Support – With the utilization of multiple currencies and multiple languages, Dynamics NAV can help you in making global competition.

Upgrading Dynamics NAV

With time keep on moving, everyone has to get updated. Applications are also included in this. Upgrading Dynamics NAV with the latest updates from Microsoft will help you to use the tool more effectively and firmly than the previous versions.

Some of the factors influencing the Dynamics NAV up gradation are the Dynamics NAV Version from which you are upgrading and the degree of deviation between the standard version and your required version. The complete up gradation involves the following steps:

  • Migration to Business Central
  • Best Practice Company Setup
  • Posting Opening Balances
  • Detailed Configurations and
  • User Rights and Roles

Keep in mind the above-mentioned factors while completing the updates for your business operations.
Ashutosh Jha

Ashutosh Jha is a professional blogger, Blog and IT Consultant. He writes about Blogging, SEO, Making Money, Internet Marketing and Web Design.
If you liked the post, You can follow him on the below social media.

Website: TricksRoad

No Comment to " Understanding Dynamics NAV and It's Upgrading Process "

Please make your real thoughts/comments and don't spam. Spam comments will be removed immediately.