Microsoft Dynamics NAV (Navision) 2016
The Latest Dynamics NAV 2016 News
Microsoft Dynamics NAV 2016, the latest version of Dynamics NAV, has been released, offering more features that enable you to work in new and better ways. This release has also expanded some of the top experiences from the NAV 2015 release, including an app for smart phones. Now, you can truly take your system anywhere on any device—computer, tablet, or phone. Stay up to date on all the features in NAV 2016 through this page. We will bring you the latest information on everything you need to know. For a complete list of the features and functionality of Dynamics NAV 2016, download the Product Overview and Capability Guide for Microsoft Dynamics NAV 2016.
Also be sure to check out this handy guide, Microsoft Dynamics NAV 2016 – Links You Should Bookmark, containing links to references, support, videos, and community resources to help you come up to speed on the new features of Dynamics NAV 2016.
Dynamics NAV 2016 Pricing
One of the first questions you may ask is, "How much does Dynamics NAV 2016 cost?" The answer is, it depends. Any ERP cost will be determined by a number of factors, including functionality needed and total number of users. And if you are upgrading Dynamics NAV, it also depends on what version you currently use. Check out our pricing page for general guidelines.
Dynamics NAV 2016 Licensing
For details on licensing of Microsoft Dynamics NAV 2016, view this licensing guide.
What can NAV 2016 do for you?
If you are considering an upgrade to Dynamics NAV 2016, compare the latest features to the version you are on now with the Microsoft Dynamics NAV 2016 Feature Comparison Tool.
A long requested feature, Posting Preview allows the user to view the impact that posting the document will have against all affected ledgers prior to posting. The preview is called by using a simple to use button (called “Preview Posting”) on the document (Sales, Purchases, Service Mgmt., General Journal, etc.). Posting Preview also allows you to drill into the entries and show related entries. All ledgers will be created once posted.
Deferrals – Deferral Accounting
Allows you to defer revenue and expenses over a pre-defined schedule. Available for Sales and Purchasing documents and General Journal. Prior versions of Dynamics NAV required separate entries, but now you can set up a template and create a deferral code that automatically defers out to appropriate posting dates. This is useful because it works in tandem with Posting Preview: Users can manually make changes if they don’t want to stay with the pre-defined schedule. Different calculation methods are available and the template is not required if users opt to enter it manually. This is particularly applicable to subscription-based business models – post once and done! Remember, the future dates have to be open for this feature to work.
What's new in NAV 2016?
Watch this short video to find out what's new in the Dynamics NAV 2016 Web Client. Using NAV has never been easier!
Word Forms and Email Enhancements
NAV 2016 comes with Word format defaults for customer statement and North America vendor remittance. Users can assign a Word format and email address by document type for each customer or vendor. Processing customer statements or vendor remittances will use the assigned format and email to send the document. Layout works whether users print or email the documents. This feature is accessed by navigating along the ribbon to “Document Layouts”. Included document types are Quote, Confirmation Order, Invoice, Credit Memo, and Customer Statement. This feature expands on the Word reports from 2015 to allow assignment of those formats to particular customers/vendors/documents.
NAV 2016 also contains updated existing reports and has created some new ones. North American report updates include updating paper size to letter size (8 ½ x 11 – no more A4!). Worldwide, 25 reports have been changed to landscape orientation to provide a better preview. The Vendor Prepayment Journal is now available worldwide, which provides a preview of payment information for a payment journal. Users can also preview checks before posting payments.
North America Document Totals
Text boxes / fields have been added for document totals. Totals are updated upon release of the document.
North America Positive Pay
This banking feature creates a positive pay file with payment information to send to your bank. Default formats for Citibank and Bank of America are included. There is a layout builder for others. Maintain positive pay history to view summary and detail for later reference. This feature is located on the Bank Account card in the NAV 2016 Action menu.
Be sure to read Alan Lyczkowski’s blog on using this feature, Positively Positive: How to Set Up and Use the Positive Pay Feature in Microsoft Dynamics NAV 2016.
Microsoft Dynamics NAV 2016 will work natively with Azure SQL, which will allow for an enhanced “on-Azure” experience, bringing your business to the cloud. This option offers enterprise-level scalability and security and the ability for your software to grow along with your business while reducing maintenance costs.
Now you can bring NAV to any window—the desktop, web, tablet, or phone. Simply search for Dynamics NAV in the Windows App Store, Google Play, or Apple’s App Store, and get NAV in the palm of your hand. The user experience was also updated to help you more easily navigate NAV on the go.
Are you using Dynamics NAV and Microsoft Dynamics CRM? If so, upgrading to Dynamics NAV 2016 should be on your radar. NAV 2016 provides an out-of-the-box solution that makes integration easier with CRM online. With Dynamics NAV and CRM working together, you take full advantage of your data across every functional area of your organization.
The world has opened up for add-ons from independent software vendors (ISV) with Dynamics NAV 2016. With NAV 2016, ISVs can integrate their own data sources, such as exchange rate lookup, to help extend the functionality of NAV. Functionality such as electronic invoicing and OCR (optical character recognition) are now available, allowing businesses to further automate processes. Speak to our experts at ArcherPoint to learn more about available add-ons.
NAV 2016 contains a feature called Extensions that enables partners, ISVs, and customers to customize and extend NAV without directly altering source code, making upgrades seamless and eliminating the need for code merging.
NAV 2016 offers expanded functions in the area of financial reporting, including optimized reporting for North American companies role-specific finance functionality. Other new features allow users to preview the impact that posting a document will have against all affected ledgers prior to actually posting the document and the ability to automate the process of deferring revenues and expenses over a pre-defined schedule.
On top of the awesome Office 365 experience that started with NAV 2013, Dynamics NAV 2016 also works natively with Power BI. This native configuration allows for pre-built dashboards and data connections. Easily view KPIs visually.
Now, Dynamics NAV end users can connect a NAV instance to PowerBI.com and see a full business performance dashboard.
Dynamics NAV 2016 now lets you create and modify workflows – steps related to approvals, notifications, and automated alerts – to ensure business processes follow industry standard best practices.
Click on the video below to see Workflows in action.
Find out about previous versions of Microsoft Dynamics NAV.