Address Global Risk and Compliance with Microsoft Axapta

The Microsoft Axapta ERP is one of the most widely tried solutions across industries. With its wide array of functionalities, companies have been able to achieve a lot of things that otherwise seemed difficult. MS Axapta has been that enterprise resource planning solution which companies have found most suitable to address all issues pertaining to Global Risk and Compliance.

When customized by a Microsoft Dynamics Partner Fiji, organizations stand to gain the following as far as Compliance Management is concerned:

1. They get to improve internal controls and have increased visibility as far as compliance-related processes and activities are concerned.
2. The compliance management features in the Microsoft Axapta ERP help empower employees by giving to them control over business processes and corporate procedures.
3. Consistent actions can be carried out within the organization. Processes can be automated with the help of standard operating procedures to help focus on things most relevant to business.
4. A variety of compliance requirements and customer mandates can be met, that include legal, environmental and financial.
5. Businesses get transparency into corporate governance and compliance activities through the compliance center, a single location for policies and procedures, process documents, database logs, reports, charts and key risk indicators.
6. MS Axapta helps reduce manual processes impeding productivity besides streamlining standard methodologies for both risk and compliance processes.
7. The enterprise resource planning solution helps enforce standard operating procedures, improve compliance awareness and training, track and trace transactions, automate quality assurance and monitor data changes with alerts.

After having the solution comprehensively customized by a Microsoft Dynamics Partner Fiji for all of its Global Risk Management functionalities, organizations can:

1. Refine as well as define corporate policies and automate the auditing process through Audit Workbench.
2. Track energy consumption and greenhouse gas emissions to proactively monitor the company’s environmental impact.
3. Make best use of the environmental sustainability dashboard as well as associated data cube to keep away energy consumptions and carbon footprints and measure all KPIs as far as waste and water usage are concerned.
4. Take advantage of the graphical interface for easy setup to assess impact of proposed changes.
5. Ensure organizational compliance with laws, regulations, policies and business rules through compliance center enhancements that include internal control capabilities, new default controls library and new import and mapping wizard.

Businesses working on Microsoft AX can achieve all of this and more as far as Global Risk and Compliance is concerned.

Analytics and Reporting With Microsoft Dynamics NAV

What is Analytics? What is Reporting?

Reporting is the process of organizing data into informational summaries in order to find out how different areas of a business tend to perform. Analysis is the process of exploring data and reports in a certain order so as to extract meaningful insights which can eventually be used to understand a business better and improve performance. Reporting translates raw facts and numbers into concrete data. Analysis transforms this data further into insights. Reporting helps monitor an online business and helps raise questions about the business from its end users. Analysis helps answer questions by interpreting that data at a deeper level and delivering appropriate recommendations. Reporting helps know ‘What Is Happening’ whereas Analysis focuses on ‘Why Did It Happen?’ and ‘What One Can Do About It’. Reporting focuses on activities such as building, configuring, consolidating, organizing, formatting and summarizing. Analysis focuses on tasks such as questioning, examining, interpreting, comparing and confirming.

The reason both are used so extensively by organizations across the world is because they are a great way of increasing sales and reducing costs. They create greater value for organizations.

Only can a successful ERP Software for Small Business enterprises help manage all tasks related to Analysis and Reporting with ease. This software has to be the Microsoft Dynamics NAV, an ERP which has on many occasions been rated as Best ERP Software and can only be implemented to perfection by a Microsoft Dynamics NAV Partner.

The most preferred ERP Software for Small Business promoters, NAV helps gain business insights, take smarter and faster decisions and contributes in its own way as far as the growth of the organization is concerned.

1. The Advanced Windows Viewer functionality in the Best ERP Software accounts for easy analysis.
2. It also includes a report writer alongside a web interface.
3. It brings to the fore the possibility of simple data mining.
4. When customized to perfection by a Microsoft Dynamics NAV Partner, the Analytics and Reporting module will help analyze data from different application areas.
5. Businesses will be able to view data measures of their preferred choice across dimensional models. The data can then be viewed and analyzed on Excel by connecting it to the OLAP Cubes.

This is what the MS Dynamics NAV by Microsoft helps accomplish through its Analytics and Reporting functionalities.

What Are Approvals and Approval Functionalities in Microsoft Dynamics CRM

The most popular CRM for Small Businesses has been a huge asset for organizations across the world for the past many years. With its wide offerings in terms of functionalities, MS Dynamics CRM has had companies standing up and applauding. And now, it has given organizations more to revel in. After getting a Microsoft Dynamics CRM Customization done by a Microsoft Dynamics Partner, companies will get to use approval steps which ensure processes remain accurate, compliant and effective.

It is important for companies to understand in detail how approvals work in the most widely used CRM for Small Businesses, why organizations should consider getting a Microsoft Dynamics CRM Customization done as far as approvals are concerned and how to use them to full benefit on the solution.

Part 1: What are approvals in MS Dynamics CRM?

There is a difference between approvals and workflows. Approvals are a single step in a business process. On the other hand, workflows cover an entire process. Workflows, for something such as sales process automation would include sales persons feeding new leads, notifying supervisors after creating new revenue opportunities, generating reminders for the salesperson in charge and sending out automatic notifications to supervisors when the account status changes.

In MS Dynamics CRM, approvals generally fit into existing workflows. Approval steps can be created to encourage sales people to approve newer revenue opportunities. The amounts are usually capped, and in case employees try entering bigger amounts, then there is a need to take a supervisor’s approval.

Part 2: Why should a Microsoft Dynamics Partner be sought to add approval functionalities?

Approvals have 3 main advantages. When a Partner comes and customizes these functionalities, companies will get to save a lot of time, minimize authorization errors and cut down on administrative mistakes.

1. Businesses get to save crucial time. By adding these to the solution, companies empower it to automatically find out which user has the authorization to approve. This saves time. One does not have to constantly approach supervisors and managers to seek approvals.

2. Companies get to prevent authorization errors, cases where employees accidentally approve bids, projects or applications without checking for. This way, processes get strengthened.

3. Administrative mistakes come down at once. All the burden carried by employees comes down at once as the need to check data manually gets reduced greatly. Besides, there is more consistency and lesser risk of making mistakes.

Part 3: In what way should these approvals be used?

Approvals and related functionalities help streamline business processes where:

1. The person in charge of a task may have to hand it over to his supervisor
2. The risk factor is great, in the sense that the consequences are horrible if a process step is executed incorrectly
3. The tasks are complicated and call for a review before completion

Approvals become necessary for processes with budget constraints and are categorically required by member-based organizations, educational boards, commercial businesses and government agencies.

These were details regarding approvals and approval functionalities in MS Dynamics CRM.

Companies Prefer Working on Microsoft Dynamics CRM

There are several reasons why companies prefer using the Microsoft Dynamics CRM Management System. The most popular CRM for Small Business enterprises of all time offers an improved user interface to work on, more advanced mobile capabilities and smoother business process automation.

1. As far as enterprise level CRM solutions are concerned, there seems to be no competition for the most widely operated upon CRM for Small Business users. This honor is thanks to its product capabilities, interoperability with Microsoft Office 365 and end-user satisfaction with Microsoft Dynamics CRM Support.

2. No other CRM Management System offers as many deployment options as MS Dynamics CRM. There are cloud-only CRM solutions and there are on-premises CRM solutions. The Dynamics CRM can be deployed both on-premises and on-cloud.

3. The solution offers to businesses standard Microsoft functionalities. These would be Outlook, Word, PowerPoint etc. As it happens, most users of Microsoft products have worked on these at some point in time. This further means that lesser time and money is spent on training and returns can be expected fast.

 

4. Companies working on the Dynamics CRM can expect prompt MS Dynamics CRM Support from their Microsoft Dynamics Solution Provider. This way, they get to make the most on their existing Microsoft investments, in the sense that their Sales, Marketing and Customer Service departments always remain robust and functional. Now for organizations using Office, Outlook, Power BI and Skype for Business, this becomes a highly attractive and beneficial proposition.

5. Its pricing is its biggest highlight. It is an enterprise-level solution and has Microsoft not priced it in style! Microsoft offers the Dynamics CRM on a per-user/per-month price. The pricing can be scaled up as well as down depending on one’s business needs. Organizations working on Office 365 get to add Dynamics CRM to their monthly subscription instead of buying additional licenses for a smaller additional fee per Dynamics CRM user.

6. Users of the solution also get to save money on other expenses usually incurred as far as servers, additional hardware and annual maintenance is concerned.

These are the reasons why companies across the globe prefer working on the Dynamics CRM.

Why Microsoft Dynamics Navision is an ERP for Everyone

MS Dynamics Navision is an ERP best suited for almost everyone. Fast, flexible, easy to work on and connect to are qualities that best define one of the finest Microsoft Dynamics ERP Software for Small Business enterprises. The reason NAV is generally preferred over others is because it covers almost all industries such as Finance, Budgeting, Sales, Purchasing, Inventory, Project Management, Human Resources, Service, Manufacturing, Business Intelligence etc. It supports all kinds of legal regulations as well.

1. MS Dynamics Navision helps make a business more profitable. It helps respond faster to market demands and increase revenue. It helps save precious time, resources and reduce costs. It frees a business from recurring activities. Companies get to use advanced functionalities in the premier Microsoft Dynamics ERP Software for Small Business enterprises to analyze markets, customers, cost and several other aspects of their business.

2. Organizations get to manage change and growth with little effort. They get to successfully overcome challenges confronting them in their entrepreneurial journey. They get a competitive advantage over rivals. Whatever changes come along, they get to adjust to them with little fuss. With a growing business, a lot of variables are bound to come and go. NAV helps during this phase of transition as well.

3. All business related data can be stored at one place. NAV’s functionalities help cover 70 to 80% of all business needs. Being a multi-currency ERP solution, it empowers companies to do business across the globe. NAV is the most viable solution as far as standardizing and accelerating business processes are concerned. Business processes get unified and there is a higher degree of automation during implementation.

All these benefits and advantages make NAV an ERP for everyone.