          
|
|
Accounting Solutions > Accounting Software >
 What's new in Microsoft Dynamics NAV 5.0?
Many companies rely on Microsoft Dynamics NAV to manage vital aspects of their businesses, such as business intelligence, finances, supply chain, and inventory. With the right business management solutions, executives can transform today's challenges into tomorrow's competitive advantage. Microsoft Dynamics NAV 5.0 offers a variety of application enhancements to help you streamline business operations more than ever, with even greater flexibility.
Empower employees throughout your organization to make better decisions
Information sharing advancements in Microsoft Dynamics NAV 5.0 offer unparalleled data sharing across applications. Whether your people are working on the strategic, tactical, or operational level, Microsoft Business Intelligence helps them gain the insight required to make informed decisions and take action. The result? Changes and decisions that give your organization the clear competitive advantage.
- Improve handling of fixed-price jobs by separating amounts into schedule (budget), usage, and contract (sales)—and be better equipped to handle fixed-price jobs. You also get improved item ledger tracking as well as resigned budget structure with mandatory tax regulations and compliance calculations.
- Increase visibility into purchase costs with improved Intercompany Purchase Cost distribution, including the ability to distribute purchase invoice costs to partner companies. Simplify finance accounting for parent companies by allowing direct distribution of purchase cost to subsidiaries.
- Boost business insight with deep integration with other Microsoft programs and technologies, including Microsoft SQL Server 2005, Microsoft SQL Server 2005 Notification Services, Windows Vista, and Microsoft Office SharePoint Server 2007.
Fuel business productivity
Microsoft Dynamics NAV helps streamline your day-to-day processes, so that you and your people can be more effective, and save time to work on other tasks. A familiar user interface and increased integration with the Microsoft Office system and other Microsoft technologies helps you perform business operations efficiently and accurately.
- Help reduce training time by giving your people the tools they already know and use every day. Microsoft Dynamics NAV has the look and feel of widely-used Microsoft Office Outlook, so many people will already be familiar with the interface.
- Streamline processes between team members by exporting data from any form in the system using the Microsoft Office XML format. Partners can add additional formats and style sheets. This makes it easier for customers to work with data from Microsoft Dynamics NAV in other Microsoft programs, such as Microsoft Office Excel and Microsoft Office Word.
- Keep your schedule current by increasing and improving synchronization between Microsoft Office Outlook and Microsoft Dynamics NAV.
- Get where you're going on time with Windows Live Local Search. View locations on a map from within the Dynamics NAV application. Get directions from one location to another. And even check traffic flow, so you'll arrive on time.
Enhance speed and efficiency in performing everyday tasks
Minimize administrative costs and efforts by automating tasks such as document or report generation. Maintain tight control over supply chain management with user-specific alerts and notifications that let you track and monitor mission-critical events, potential item shortages, production processes, cash flow issues, and more.
- Simplify item tracking by searching and analyzing on lot and serial numbers more easily. And now you can implement a first expired first out (FEFO) system.
- Implement prepayments of sales and purchases by creating a prepayment invoice based on sales order, percentage, or amount. Track the created prepayment invoices until the order has been fully invoiced.
- Improve consumption handling by standardizing integration with item tracking, jobs, costing, and improved posting of orders.
- Enhance inventory costing by tracing costs and data more easily. Improve simplicity and usability, including new reporting tools for general ledger (GL) reconciliation and item value dynamics, easier to use interface, and new periodic average costing method.
- Get started quickly with the business solution you want by reducing down time and information technology (IT) implementation time. Rapid implementation methodology (RIM) is now integrated with Microsoft Dynamics NAV 5.0. RIM provides tools, documentation, processes, and industry-specific templates to help configure your solution to the needs of your business and market.
Improve collaboration using Microsoft Office SharePoint Server
Help employees and customers achieve new levels of collaboration through intranet and extranet environments.
- Get the information you need from your desk or on the road by integrating with Microsoft Office SharePoint Server. Share information in Office SharePoint Server by adding links to records in Microsoft Dynamics NAV, such as a sales or purchase order. Based on permission, at any time you can access the order from Office SharePoint Server.
- Speed sales and purchase approval by adding comments, delegating approval, notifying approvers, sending reminders to approvers by e-mail, and linking to sales and purchase order documentation in Office SharePoint Server.
Strengthen community between partners and customers
Online collaboration services will enable organizations to connect their processes to customers, partners, suppliers, and businesses of all types, and bridge the worlds of unstructured and structured data.
- Provide a deeper set of learning tools with process-oriented Help topics in a broad and deep range in selected areas. Added overview topics offer improved organization, so it's easier to find exactly what you need. Fast.
- Join a growing online community of partners and customers sharing knowledge through enriched online forums, tutorials, best practices, and improved process-oriented user documentation.
Next steps
Upgrade to Microsoft Dynamics NAV 5.0 for increased productivity, faster access to information, and improved communication with employees and customers.
Please contact us now for a free
accounting software review.
|
|
