Cloud-based ERP is no longer cutting-edge but a necessity

Today, businesses still holding onto their on-premises infrastructure probably thought cloud technology was a passing fad. Or maybe they just didn’t have the resources at the time to undertake a digital transformation. Whatever their reason, they must plan for their cloud migration before the business world leaves them behind.

Effective cloud migrations take time and careful planning. The longer you wait, the greater the negative impact on your operations when you need to rush and switch. So, what do you need to know about migrating from legacy, on-premises software like Microsoft Navision to Business Central?

Each industry and each business are unique. That’s why you need tailored business solutions that support your workflows for consistent growth. If your company is based on projects, you should look for an ERP that supports projects. If you work for a law firm, you should look for a matter management solution. And so on and so forth.

Regardless of the kind of industry you’re in, there are a few key points you’ll need to take into consideration.

Migrating to the cloud removes the need to maintain costly on-premises infrastructure. According to Forrester’s Total Economic Impact report on migrating to Dynamics 365 “organisations that made a move to the cloud were able to cut deployment costs between 30 and 50% compared to on-premises customers and save approximately 40% on administrative expenses like server backups, and software updates.”

On top of that, migrating to a cloud ERP like Business Central makes your operations more efficient freeing up resources for new projects.

Cloud-based ERPs like Dynamics 365 Business Central are accessible everywhere. As a result, users don’t need to be on your network or connected through a corporate VPN. Instead, they can have a secure connection to their ERP anywhere they have internet.

A single source of truth with all of your financial data

You are more likely than ever to have a distributed workforce. As a result, they need ways to keep everyone in sync and working from a single source of truth (SSoT) data set. Cloud-based services give users access to central, updated data no matter where you they are located in the world. That will improve the quality of your analyses, inform timely decision-making, and ensure you have access to important insights into your projects, business operations, customers, market, and competitors.

Cloud security has improved significantly in the past few years. Even in regulated industries, like healthcare, financial services, or education, cloud-based services like Microsoft Dynamics keep their data and workflows safe. Migrating to secure cloud infrastructure reduces the risk of data breaches, ransomware attacks, and other compromises.

Cloud migrations are no longer optional. They are essential for businesses to remain competitive and innovative. If you are still on Navision, now is the time migrate to Dynamics 365 Business Central.

Ready to start the digital transformation?

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What is project accounting?

Project accounting enables precise monitoring of the project strategy, expenses, implementation, and budgeting, facilitating efficient resource management, and ensuring accurate invoicing and accounting. All this integrated with finance, inventory [...]