Why should you upgrade your Dynamics NAV?
You've been happily using Dynamics NAV for some time now and it's going great. But you haven't been able to avoid all the chat about the two new versions of Dynamics NAV (NAV 2017 and the totally cloud version Dynamics 365) and you're wondering if you need to upgrade Dynamics NAV or simply toodle along as you are. Well here are some reasons that might help sway you.
- Support. You may be running a version of Dynamics NAV that is nearing or even at end of life. If that's the case there will be no more security updates or bug fixes. And with the amount of security issues such as ransomware going around these days, that's not a good thing.
- Cloud. Cloud is good. It is flexible and cost effective. We wrote a blog post on 10 reasons why your ERP should be in the cloud previously, so we won't go on about it again here.
- Mobility. NAV 2016 and 2017 provide more options for mobile and home working. You can work via the Dynamics NAV app for smartphone or tablet, or even directly through your browser.
- Reports. Become self sufficient and create your own reports and dashboards with Power BI, now embedded in Dynamics NAV 2017. You can also edit pre-existing documents such as invoices in MS Word and save them in NAV.
- Office 365. Office 365 is nicely integrated with Dynamics NAV 2017 meaning not just MS Word, but you can also work on NAV from within Excel.
- New functionality. There are some great new functions not mentioned in our NAV 2017 post including Deferrals (you can defer revenue very easily), cash flow forecasting as standard, SEPA compliance, export EFT payment files to any SEPA bank, import bank statements and scan documents.
- Web Services. From NAV 2016, you can integrate with any other system using Web Services.
Upgrading is not the time consuming process that you might think. When you upgrade Dynamics NAV to the latest version it’s an exceptional opportunity to add value, boost productivity, reduce costs, improve customer service and help your business grow. You can even spread payments with Microsoft Finance. Payment plans are available to suit every need including structured (regular monthly), deferred (for up to 6 months), ramp (start low and increase to match deployment levels) and customised.
So now you're convinced as to the upgrade, but which should you chose? Well Dynamics NAV 2017 continues to manage your finances with its accounting modules. You should opt for Dynamics 365 if you need a combined cloud-based CRM and accounting package.