Choosing a suitable ERP for startups might be the key to company success when integrating a business endeavor. One of the most critical decisions you must make is whether to forego Excel, handwritten books, or simple accounting software in favor of a program that combines all aspects of your organization.
In these entrepreneurial endeavors, it is often assumed that all firm procedures can be carried out manually by one person or a small team. However, it is impossible to predict how quickly the firm might expand, and getting more clients means more administrative work, which can be tough for team members who lack the skills to scale over time.
Because of the benefits of the cloud and service packaging, the new generation of cloud ERP can now reach small and medium-sized businesses from a variety of industries, allowing them to fully utilize the Dynamics NAV core in the third generation of Microsoft ERPs: Dynamics 365 Business Central. Remember that the more eager you are to adapt your business operations to the product standard, the less expensive the deployment will be, and the sooner you will be able to start working with your new ERP.
What is the best ERP for startups?
An ERP’s primary goal is to assist businesses with their day-to-day business procedures. Although startups are often tiny businesses, this does not exclude them from utilizing an ERP. An ERP for startups can be advantageous in the sense that it aids in the development of solid work practices and the survival of the organization. Next, we’ll try to illustrate why Dynamics 365 Business Central is the best ERP for startups.
Regulate your costs month by month
Business Central ERP is a SaaS solution, which means you may choose how many product licenses you need on a monthly basis and hence adjust your spending each month based on your work prediction. This will help you to cut costs and be more flexible in your daily life.
No investment in infrastructure
Most startups lack the IT resources required to install, run, and maintain an ERP on their own servers. Because Business Central is hosted in the cloud, you do not need to invest in or maintain hardware equipment.
In addition, in response to speculations concerning whether or not the cloud is safe, we feel that the cloud is more secure than most on-premises solutions. Why? Part of the explanation can be found in the regulations put in place to protect cloud security. Most on-premises implementations are not independently audited or certified, making determining their status more complex.
Business Central adapts to your growth rate . You can start with the most basic functionality that allows you to carry out your daily work, with the certainty that the day you grow, all the functionality of the product will be there for you, with no increase in the price of the license.
In addition, so that you can work more comfortably, you can adapt the work area of each user to provide only the shortcuts to their tasks and thus avoid dispersing with all the functionality that an ERP offers and be more productive.
Upgrade at no cost
Dynamics 365 Business Central was created with the intention of releasing upgrades every six months, and the good news is that you will be able to use all of these new capabilities automatically and without incurring any additional costs. This is your chance to work with an ERP for startups that is always improving and does not fall behind in features.
Increase your productivity
Being productive is important for all companies, regardless of the number of workers. However, for a company looking to make a mark, being productive can be the key to business success. Business Central will help you organize your data, avoid duplicate data, and simplify complicated tasks so you can focus your efforts on growing your business project. In addition, as it is hosted in the cloud, you can access your ERP data from anywhere and from any device and continue working, even if you are not in the office.
We cannot forget to mention the integration possibilities that exist between Business Central and Office 365. You will be able to perform a large number of tasks related to the management of your company easily and quickly without leaving your email and you will be able to update data directly from Excel, among other options.
Get the endorsement of your investors
If you are seeking investors for your startup, it is conceivable that many of them operate using Dynamics NAV (historically Navision), Europe’s premier ERP for SMEs. As a result, collaborating with Dynamics 365 Business Central might open doors for you when it comes to attracting investors. You will be working with all of the power of a solution that blends Dynamics NAV logic into work processes and has a solid reputation in the commercial sector.
Analyze your results
Dynamics 365 Business Central features Dynamics NAV’s analysis by dimensions, allowing you to study your company’s data. You will be able to choose which axes to use to examine your business’s outcomes. For example, if you have more than one office, you may be interested in examining outcomes by delegation, service type, department, and so on.
Do you want to make a demo?
At Dynamics Square, Microsoft gold partner, we constantly recommend betting on the long term, having our future goals in mind, and being consistent in order to achieve success in every business decision you make. Your business will develop over time, and you will need a solid ally who will enable you to execute your work without slowing down your progress. It is available with Dynamics 365 Business Central. If you are seeking ERP for your startup and would like to see a demo of the software, please submit your request here.