Microsoft Dynamics NAV is an enterprise resource planning (ERP) software program designed for small to medium-sized businesses. Dynamics NAV, used mainly by production-based businesses, helps manage tasks commonly performed by marketing, sales, human resource, supply chain, and finance departments. Microsoft Dynamics NAV integrates with other Microsoft products, such as Azure and Office 365, and is commonly used by growing businesses. This platform has wide-ranging capabilities and can be used to improve accessibility and collaboration, as well as automate processes within a business.
Know about Dynamic Nav
Dynamic Nav
Financial Management
Flow Fields
Flow Fields
Which updates and recalculates continually to ensure that users receive up-to-the-moment financial data.
Cash Manager
Cash Manager
A bank account management system that allows users to create and modify bank accounts, transfer funds between bank accounts, and also automates the complete check-writing process.
Lookup Buttons
Lookup Buttons
That can be used to get direct access to information in a table format eliminating the need for any data re-entry.
Payables and Receivables
Payables and Receivables
Which allows users to define payment terms, payment methods, discount periods, and finance charge terms.
Security
Security
Features that allow management to specify who can view what information using record-level security.
Traceability
Traceability
Which ensures that all transactions have an unmitigated audit trail, creating complete transparency.
Fixed Assets
Fixed Assets
That defines particulars for an asset or group assets from acquisition to disposal and also reports the required depreciation conditions.
Microsoft Dynamics NAV ERP system offers a complete general ledger solution that provides finance and accounting solutions for tracking and analysing all your company’s financial information.
With end-to-end integration, administration of all financial tasks such as creating and maintaining a general ledger; managing analytical accounting, inventory, cash flow, manufacturing costs, bank accounts, and fixed assets; as well as posting transactions; preparing financial statements; and reconciling accounts and collections across multiple companies, locations, and currencies is easily managed.
Other financial management features of Microsoft Dynamics NAV designed to enhance manufacturing capabilities include