Microsoft Dynamics NAV ERP Comparison
What is Microsoft Dynamics NAV?
Microsoft Dynamics NAV is a multi-language, multi-currency Enterprise Resource Planning (ERP) solution for mid-sized to large companies. Its robust, out-of-the-box functionality helps companies manage their accounting and finances, supply chain, and operations. Dynamics NAV offers a consistent user experience with other Microsoft applications such as Office, with features like the customizable ribbon that you are already familiar with. Advanced functionality modules can be purchased to extend functionality to meet your industry requirements, and customization is available to meet your specific needs. If your company has outgrown your current accounting software, Microsoft Dynamics NAV could be a good fit.
What is the History of Dynamics NAV (formerly Navision)?
What first started off PC&C Solutions in Denmark and then expanded into Scandinavia, Europe and the US as Navision has evolved into one of the top ERP solutions being used by mid-sized businesses throughout the world,but has always stuck to its user-friendly accounting functionality base. View how the product has evolved throughout the years in our infographic.
What is the role of Dynamics NAV at Microsoft now?
Microsoft Dynamics NAV is part of the Microsoft product portfolio; however, Microsoft’s CEO, Satya Nadella, made changes to Microsoft’s Operating Segments as of June 17, 2015. Microsoft’s new segments are:
- Windows and Devices Group (WDG), which is focused on personal computing.
- Applications and Services Group (ASG), which is focused on reinventing productivity for digital work, for both work and personal use.
- Cloud and Enterprise (C+E), which includes all Microsoft Dynamics products (including NAV), to allow for further engineering and innovation between ERP and CRM. C+E will be working closely with the ASG segment to ensure a cohesive end-to-end user experience. This is an exciting change for the NAV community, as it allows for more integrations to other Microsoft products, giving users the ability to streamline all business operations. It also allows Microsoft to mainstream ERP into their engineering efforts, so the product can continue to improve overall in the future.
If you are interested in learning more about the changes to the operating segments, read Nadella’s original email.
Who is the Ideal NAV Customer Based on Industry?
Dynamics NAV customers are small, growing to medium sized businesses looking to increase the efficiency of their supply chain and accounting operations. A wide variety of industries benefit from using Dynamics NAV; however, ArcherPoint focuses on serving the following industries:
- Professional Services
- Hospitality, Food & Beverage
- Fashion and Footwear
Additional industries that can benefit from using NAV are:
- Consumer Products
- Government & Public Sector
Who Sells Dynamics NAV?
Dynamics NAV is sold through Microsoft Dynamics Certified Partners, called Value Added Resellers (VARs). VARs offer various services in business analysis, implementation, project management, customization, consulting, training, and support, to ensure every client gets the most out of their NAV software investment. We recommend finding a partner that also has expertise within your company’s industry. Moreover, clients can choose between two licensing options, by paying for the licensing upfront, or paying on a monthly basis to the VAR.
What Does Dynamics NAV Do?
Functionality varies depending on what you choose to purchase. There are two options: the Starter Pack or the Extended Pack. The Starter Pack includes core Financials, Distribution and Professional Services functionality, and access to three Full User licenses. The Extended Pack has advanced functionality such as manufacturing, warehousing, and basic Customer Relationship Management (CRM). The Extended Pack can only be purchased after purchasing the Starter Pack. Additional users can be purchased on a per user basis – either named user for subscription or concurrent user for on premise.
This licensing option simply involves the clients purchasing the licensing up front, giving them access to the NAV’s out-of-the-box functionality. Perpetual licensing is the current licensing option for companies that want to deploy their ERP on-premise.
Clients looking to keep their upfront investment lower may be better suited for subscription licensing, as this licensing option is designed to help keep upfront costs at a minimum. Clients pay a per user, per month licensing fee and have the choice of two concurrent-user types: Limited User and Full User. Clients can adjust their user count on a monthly basis.
For more detailed information on licensing and functionality, read the Product Overview and Capabilities Guide.
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