An ERP delivers immense value to wholesale distribution companies, helping them better deal with increasing global competition, the growing complexity of supply chains and trade regulations, and the continuing volatility of transportation costs.
If you’re a whole distribution company considering or in the process of a Dynamics NAV or Dynamics GP upgrade to Microsoft’s Dynamics 365 Business Central, you’ll find the system’s tailored features can help you respond more quickly and effectively to changing market conditions—something legacy ERP or accounting software cannot provide.
If you still depend on legacy accounting methods, you may find it hard to believe there’s a single solution that can help you align stock with demand, optimize warehousing, and enhance customer relationships. But Dynamics 365 Business Central does all that and more, with features specifically designed to meet wholesale distribution’s unique business challenges.
A company’s general ledger is the heart of its financial management. Dynamic 365’s general ledger feature gives you everything you need to control finances and manage funds with accurate information for financial planning and forecasting while also helping you stay up-to-date with analytics tools.
Today’s global market means businesses receive and send payments using different currencies. Business Central simplifies managing exchange rates, so you experience the lowest possible financial loss when accepting multiple currencies. It also helps you understand how forecasting exchange rate-related losses and gains can improve decision-making regarding things like handling cash discounts and payments.
The purchases and payables setup in Dynamics 365 makes it easy to track goods and materials, closely monitor account payable, and implement procedures that keep management informed about changes in the cost of goods.
Dynamics 365 Sales enables your salespeople to build strong relationships with customers and close sales faster. You can use it to track accounts and contacts, nurture leads more quickly, and create sales collateral. It also allows you to create marketing lists and campaigns tailored to your customer’s needs.
Transport delays, supplier and manufacturer problems, faulty sales forecasting, and currency fluctuations make it challenging for wholesale distribution companies to manage their inventory efficiently. With Dynamics 365, you can better track inventory turnover, evaluate supplier performance, track costs, and perform real-time quality checks. It all adds up to better inventory and supply chain visibility that helps streamline your supply chain, optimize inventory management, and improve profitability.
Account schedules provide valuable insight into the financial data stored in your company’s charge of accounts. They analyze general ledger figures and compare GL entries with general ledger budget entries. You can use this data to create multiple customized financial reports, including income statements, balance sheets, or cash flow.
Dynamics 365 reports have built-in default report layouts. But you can create your own custom layouts, including multiple layouts for the same report, which you can then easily modify in Microsoft Word. Whether you’re pulling information into documents such as invoices or creating reports to present business information in a meeting, Business Central lets you do it with ease.
Watch the Dynamics 365 Business Central Overview & Capabilities webinar to get an in-depth look at Dynamics 365 Business Central, key differences and improvements from Dynamics GP and Dynamics NAV, how-to scenarios for specific use-cases and roles, and a guest speaker from Jet Global to highlight the Jet Reports, Jet Budgets, and Jet Analytics reporting functionality.
Dynamics 365 Business Central truly delivers. For wholesale distributors, it makes getting products from manufacturer to retailer or end-user less complex and simplifies the tracking process. It provides unparalleled flexibility to meet your unique business needs and is the ideal ERP solution for analyzing every aspect of your distribution business, including costs, revenue, sales, warehousing, and shipping. There’s no easier way to transform the way you do business.