In the dynamic world of retail, Buy Now Pay Later (BNPL) platforms are emerging as transformative tools that drive significant increases in sales and enhance the overall shopping experience. Fintech pioneers like Tamara and Tabby are at the forefront of this revolution in the Middle East, particularly in Saudi Arabia. These platforms are reshaping consumer spending habits while delivering substantial benefits to retailers.
Worried about migrating data from your legacy system? Transitioning to Microsoft Business Central can be daunting, but understanding the key steps and potential pitfalls can make the process smoother. Our comprehensive guide provides essential tips and best practices to help you navigate data migration with confidence. From ensuring data accuracy to avoiding common mistakes, we cover everything you need to know for a successful move to Business Central.
As the decision-maker, you control your data migration strategy, but it’s crucial to carefully weigh your options to avoid impacting your implementation cost and timeline. Here are the three most common approaches:
Each option is feasible, but the right choice for you depends on balancing cost and maximizing ROI in today’s fast-evolving AI landscape. Let’s explore these options in detail to help you determine the best fit for your needs. Each of these options has its own set of advantages and considerations
Pros:
Simplicity: The process is straightforward, reducing the complexity of migration.
Speed: Migrating only opening balances can speed up the implementation and reduce costs.
Clean Start: Avoids the risk of carrying over outdated or irrelevant historical data.
Cons:
Limited Historical Insight: You’ll miss out on past transactional data that could be useful for trend analysis or detailed reporting.
Data Gaps: May require manual entry or adjustments for historical context that could impact accuracy.
Migrating data from the previous year gives you a historical snapshot, which can be helpful for maintaining continuity and making comparisons. This approach ensures you have a good amount of past data to work with without bringing over everything from previous years.
Pros:
Contextual Continuity: Provides a more complete picture of recent business operations, making it easier to transition and compare historical performance.
Improved Reporting: Allows for continuity in financial reporting and analysis over the past year.
Cons:
Migration Complexity: More data means a more complex migration process, potentially leading to increased costs and time.
Data Cleanup: You may need to clean and format historical data, which can be resource-intensive.
Migrating all historical data, including detailed transactional records, offers the most comprehensive view of your business’s history. This is beneficial for in-depth reporting and analysis but can be more costly and time-consuming.
Ultimately, your choice should align with your business needs and goals. We can delve deeper into each option, discuss the implications, and help you decide which approach will provide the best balance between cost, effort, and return on investment
Pros:
Comprehensive View: Offers a complete historical record, which is invaluable for in-depth analysis, trend identification, and long-term decision-making.
Enhanced Reporting: Facilitates detailed reporting and audits by including all past transactions.
Cons:
Cost and Time: This approach can be the most expensive and time-consuming due to the volume of data and the complexity of the migration.
Potential for Errors: Migrating large amounts of data increases the risk of errors or inconsistencies, which can require significant post-migration troubleshooting.
At Novasoft, our team brings over 25 years of experience in implementing business applications, including ERP, CRM, and operational solutions, alongside expertise in emerging technologies like AI, ML, automation tools, and business analytics. Navigating data migration requires meticulous planning and adherence to best practices. Here are some essential guidelines:
Data migration can be complex and time-consuming, so start planning early to avoid delays. Allocate sufficient resources and set up robust processes for data extraction, cleansing, and validation to ensure a seamless transition and prevent potential bottlenecks.
Before migration, conduct a thorough analysis of how your data will be used in the ERP system. Map your data to the ERP’s structure and define rules for data translation. This approach will enhance real-time insights and ensure that your data supports effective decision-making across all departments.
Define data ownership and governance roles within your team to manage data accurately. Determine the correct versions of redundant information and ensure compliance with regulations such as CCPA and GDPR. Appoint a data steward to oversee data integrity and regulatory adherence.
Be strategic about the data you migrate. Avoid importing every historical record; instead, focus on data that is relevant and actionable. Excessive historical data can slow down system performance and make it harder to find needed information, so prioritize data that will add value to your new ERP system.
Ensure the quality of data before migration by conducting thorough data quality checks. Identify and correct errors, inconsistencies, and duplicates to prevent issues in the new system. This will help maintain the accuracy and reliability of your data.
Create a detailed migration strategy that includes timelines, milestones, and key deliverables. Outline specific steps for data extraction, transformation, and loading. A well-defined strategy helps manage expectations and keeps the migration process on track.
Conduct rigorous testing throughout the migration process. Perform test migrations to identify and resolve potential issues before going live. Validate that data is correctly integrated and functional in the ERP system to ensure a smooth transition.
Prepare your team for the new ERP system by providing comprehensive training and support. Ensure that users understand how to navigate the new system and access the migrated data effectively. Adequate training helps ease the transition and boosts user adoption.
After migration, continuously monitor the ERP system to identify and address any issues that arise. Collect feedback from users to make necessary adjustments and ensure the system operates efficiently. Post-migration monitoring helps optimize performance and resolve any unforeseen challenges.
By following these best practices, you can enhance the effectiveness of your data migration and ensure a successful ERP implementation.
Migrating data from a legacy system to Business Central can be a daunting task, especially when dealing with historical data. We recommend focusing on migrating only the opening balances for a smoother transition. This approach simplifies the migration process and reduces complexity compared to transferring extensive historical data. Tools like Power BI and Tableau can help bridge the gap between your old and new data, while AI can assist in integrating insights from both systems.
Opting for opening balances is often the best choice for a successful implementation. If you encounter any data migration challenges or need personalized advice, our experts are here to help. Contact us to discuss the best strategies for your needs and ensure a seamless transition to Business Central.
Simplify Your Post-Dated Cheque Management with Novasoft's Addon for Dynamics 365 Business Central
Handling post-dated cheques (PDCs) can be complex, but Novasoft’s Post-Dated Cheque Management addon for Microsoft Dynamics 365 Business Central makes it easy. This smart solution is designed to streamline how you manage PDCs, making both payables and receivables more efficient and giving you better control over your finances.
Upgrade your financial processes with Novasoft’s Post-Dated Cheque Management addon for Dynamics 365 Business Central. This solution not only streamlines your cheque management but also enhances accuracy and operational efficiency, allowing you to focus on what truly drives your business forward.
Novasoft, a distinguished Microsoft Dynamics Gold Partner (Solution Partner), provides a comprehensive range of services tailored for Business Central. Our offerings encompass Implementation, Support, Development, Add-ons, Licensing, and more. With an impressive track record spanning over two decades, our experienced Novasoft team has achieved successful project deliveries on a global scale, including notable achievements in Saudi Arabia.
Benefit from our team’s deep insights into the intricacies of international projects. Our proficient consultants possess the expertise to ensure seamless Business Central implementations, leading to an optimized ROI. For valuable perspectives on unleashing the complete power of Business Central, don’t hesitate to connect with Novasoft. Your journey towards harnessing Business Central’s potential starts with us.
Microsoft Dynamics 365 Business Central is a comprehensive business management solution used by over 200,000 customers worldwide. It serves a diverse range of industries, including manufacturing, retail, finance, and professional services. By integrating core functions such as finance, sales, and customer service into a single, user-friendly platform, Business Central helps businesses streamline operations, gain real-time insights, and adapt to evolving market conditions. Whether you’re a small business or a growing enterprise, Business Central offers the flexibility and tools needed to drive efficiency and support long-term success.
There are countless other reasons why Microsoft Dynamics 365 Business Central could be the perfect fit for your organization. Reach out to Novasoft, your trusted Microsoft partner in Saudi Arabia, the Middle East, and the USA, to learn how you can quickly adopt Business Central and start reaping the benefits of this powerful ERP solution.
At Novasoft, we specialize in Microsoft Dynamics 365 Business Central solutions for businesses in Saudi Arabia, the Middle East, and the USA. As a trusted Microsoft partner, we offer seamless implementation, customization, and support to help you maximize the benefits of Business Central.
Our team provides tailored solutions to streamline your operations, integrate with Microsoft tools, and boost efficiency. With our expertise, you can achieve a smooth transition and a high return on investment.
Companies across sectors have increased their adoption of digitalization and are revamping their products and services to accommodate subscription-based business models.
Subscription billing has long been on the wishlist for Microsoft Dynamics 365 Business Central users. Previously, businesses had to rely on custom solutions or partner-driven apps to handle recurring billing. But there’s exciting news on the horizon! Microsoft is planning to roll out full subscription billing capabilities, along with enhanced revenue and expense recognition features, in the Release Wave 2 of 2024. Public previews are set for September and October 2024.
Subscription billing isn’t just a trend; it’s becoming essential across many industries. As cash flow becomes increasingly important and younger generations like Gen Z prefer staggered payments over lump sums, businesses across various sectors are adopting subscription models. Here are some industries where subscription billing is making a significant impact:
Software as a Service (SaaS): Think Salesforce or Microsoft 365, where software is accessed via regular subscription fees.
Media and Entertainment: Platforms like Netflix and Spotify offer ongoing content access.
Subscription Boxes: Companies such as Birchbox and Blue Apron deliver curated products on a recurring basis.
Membership Organizations: Gyms and professional associations use subscriptions for continuous access and services.
E-Learning and Online Education: Services like Coursera and Khan Academy provide ongoing educational content.
Health and Wellness: Telemedicine services and fitness apps offer regular health-related services.
Publishing: Newspapers and digital magazines use subscriptions for continuous content delivery.
Cloud Services: Providers like AWS and Google Cloud offer cloud resources on a subscription basis.
Food Services: Meal delivery services provide regular deliveries through subscriptions.
Professional Services: Consulting and advisory services often use retainer models.
Telecommunications: Mobile and internet service plans are commonly offered as subscriptions.
Gaming: Platforms like Xbox Game Pass provide access to a library of games via subscription.
Consumer Goods: Regular deliveries of products such as pet food or household items.
Finance and Investment: Ongoing access to financial planning tools and investment research.
Travel and Hospitality: Memberships for travel perks and hotel discounts.
Technology and Electronics: Subscription models for device protection and software updates.
While subscription billing offers numerous benefits, it’s not without its challenges. Here’s a look at some common issues businesses might face:
1. Complex Billing Cycles
Managing different billing cycles and subscription terms can be tricky. This complexity can lead to billing errors, difficult record-keeping, and potential customer dissatisfaction.
2. Customer Retention and Churn
Keeping customers engaged and reducing churn is a challenge. High cancellation rates can impact revenue stability, making effective retention strategies crucial.
3. Billing Errors and Discrepancies
Automated systems might experience issues such as incorrect charges or duplicate invoices. These errors can result in customer disputes and require administrative effort to resolve.
4. Payment Failures and Collections
Handling failed payments from expired cards or insufficient funds, and managing overdue payments, can be challenging. Effective collection processes are essential to avoid service interruptions and revenue loss.
5. Revenue Recognition and Compliance
Accurately recognizing revenue according to standards like ASC 606 or IFRS 15 can be complex for subscription models, potentially leading to compliance issues.
6. Managing Contract Changes
Adjusting subscription terms or pricing mid-cycle requires careful handling to avoid billing mistakes and ensure customer satisfaction.
7. Integration with Other Systems
Integrating subscription billing with CRM, ERP, and other systems can be complex. Poor integration can result in data inconsistencies and operational inefficiencies.
8. Customer Communication
Keeping customers informed about billing changes, renewals, and payment issues can be challenging, especially without automated or personalized communication.
9. Scalability Issues
As your business grows, scaling your subscription billing system to handle more volume or new features can be tough. Performance issues and ongoing adjustments might be required.
10. Fraud and Security Risks
Protecting customer payment information from fraud and breaches is a significant concern. Security issues can lead to financial loss, legal problems, and damage to trust.
11. Customization and Flexibility
Offering customized plans or flexible billing options often requires advanced setup, increasing the complexity of managing subscriptions.
12. Reporting and Analytics
Generating accurate reports on subscription metrics and financial performance can be challenging, impacting your ability to make data-driven decisions.
13. Handling Free Trials and Discounts
Managing free trials, introductory offers, and discounts can complicate billing processes and revenue forecasting, potentially leading to revenue leakage.
The introduction of robust subscription billing features in Business Central will offer greater flexibility and value to businesses. As these features become available, they will help streamline billing processes, enhance customer satisfaction, and support diverse business models.
Stay tuned for more updates and be ready to explore how these new capabilities can transform your subscription-based business!
You can now support many different types of subscription scenarios in Business Central. There’s a simple set of processes that let you manage portfolios of the items and services that you bill on a recurring schedule. For example, hardware maintenance, IT support, cleaning services, and so on. You combine the sale of services and items in mixed subscription contracts that hold information about the items, services, and billing schedule.
Templates simplify the process of creating subscription contracts by standardizing the parameters and schedules for recurring billing. You can manage current pricing and plan for future price updates. On the accounting side, posting accruals to balance sheet accounts is automated, and revenue or expense are assigned to the correct periods in the income statement.
The new module comes with:
- Contracts for which you do recurring billing for items and services.
- Billing schedules with flexible parameters that cater to typical use cases for recurring billing.
- Usage-based billing.
- Automated billing.
- Deferral integration.
- Revenue recognition based on billing schedules.
- Contract updates (parameters and prices).
- Standard reports for contracts, customers, billing schedules, recognized revenue, future billing dates and amounts, and so on. Most reports are available as Power BI reports.
Novasoft, a distinguished Microsoft Dynamics Gold Partner (Solution Partner), provides a comprehensive range of services tailored for Business Central. Our offerings encompass Implementation, Support, Development, Add-ons, Licensing, and more. With an impressive track record spanning over two decades, our experienced Novasoft team has achieved successful project deliveries on a global scale, including notable achievements in Saudi Arabia.
Benefit from our team’s deep insights into the intricacies of international projects. Our proficient consultants possess the expertise to ensure seamless Business Central implementations, leading to an optimized ROI. For valuable perspectives on unleashing the complete power of Business Central, don’t hesitate to connect with Novasoft. Your journey towards harnessing Business Central’s potential starts with us.
How Business Central Makes Warehouse Management Easy
Lower Picking Costs and Fewer Mistakes
Business Central helps cut picking costs and reduces errors by automating the picking process. With barcode scanning and live inventory updates, it ensures orders are accurate and fulfilled quickly.
Smooth Cross Docking
The platform streamlines cross docking by automating how goods move from receiving to shipping. This speeds up the process and reduces handling, making your warehouse run more efficiently.
Maximize Your Space
Business Central helps you make the most of your warehouse space. It uses smart planning tools to arrange inventory in a way that saves space and keeps everything organized.
Cut Labor Costs
By automating routine tasks like updating inventory and processing orders, Business Central reduces the need for manual work. This helps lower labor costs and lets your team focus on more important tasks.
Boost Efficiency and Productivity
With Business Central, everything from inventory tracking to shipping is integrated into one platform. This means smoother workflows and better productivity in your warehouse.
Embrace New Technology
Business Central uses the latest tech, like real-time data and advanced analytics, to keep your warehouse operations on the cutting edge and help you make smarter decisions.
Get Real-Time Insights
The platform provides real-time reports and dashboards so you can see how your warehouse is performing. This helps you spot trends, track key metrics, and make quick improvements.
Automatic Inventory Management
Business Central keeps your inventory in check with automatic updates and reordering. It helps prevent stockouts and overstocking by predicting what you need and when.
Easy Shipping and Receiving
Managing shipping and receiving is a breeze with Business Central. It tracks shipments, schedules deliveries, and handles returns, making logistics simple and efficient.
Flexible Warehouse Setup
The platform allows you to customize your warehouse setup, including storage locations and bin arrangements. This flexibility ensures your warehouse is organized just the way you need it.
By using Business Central, you simplify warehouse management, save on costs, and improve efficiency with smart features and modern technology.
Mobile WMS from Tasklet Factory makes warehouse operations smooth and efficient. It integrates effortlessly with Dynamics 365 Business Central and Dynamics NAV.
With its user-friendly interface, Mobile WMS can be customized for each user, helping warehouse staff work more efficiently and reduce errors. Plus, if you have unique processes, Mobile WMS can be easily adapted with custom features right within Microsoft Dynamics 365 Business Central and Dynamics NAV.
Business Central helps you organize your warehouse more effectively by using smart planning tools. This ensures you make the most of your space and keep everything running smoothly.
Absolutely! Business Central is highly customizable and can be adjusted to fit your warehouse’s specific processes and needs, making sure it works just right for you.
Business Central provides powerful reporting and analytics tools. These help you get real-time insights into your warehouse’s performance, track important metrics, and make informed decisions.
Tasklet Factory’s Mobile WMS adds extra features and has a user-friendly interface that enhances Business Central’s capabilities. It’s a global solution recommended by Novasoft for its additional value and ease of use.
Mobile WMS integrates seamlessly with Business Central, improving warehouse operations with real-time data and automation. It offers a user-friendly interface and can be customized to suit your specific needs.
Mobile WMS helps reduce picking errors, speeds up order processing, and improves inventory management. Its easy-to-use interface helps your warehouse staff work more efficiently.
Yes, Mobile WMS can be tailored to fit your specific warehouse processes. It integrates with Business Central to provide a solution that meets your unique needs.
Mobile WMS enhances efficiency by automating routine tasks, offering real-time updates, and providing user-friendly tools. This leads to quicker and more accurate order fulfillment and better overall management.
To get started, contact a Dynamics 365 Business Central partner or visit our website for details on implementing and integrating Mobile WMS with Business Central.
Automate and Simplify Expenses with Business Central
Dynamics 365 Business Central makes managing expenses a breeze by streamlining and automating the entire process. From submitting expenses to getting reimbursed, this system helps businesses work more efficiently, control costs, and stay compliant with financial policies and regulations. Here’s a look at what it can do:
Easy Expense Submission: Employees can quickly submit their expense reports directly through the Business Central Expense Management. They can snap photos of receipts, categorize expenses, and add details like project codes or client names.
Customizable Approval Workflows: Expense reports follow a smooth approval process tailored to your company’s policies. Approvers can review, approve, reject, or ask for more information as needed.
Policy Enforcement: The system helps ensure everyone sticks to company expense policies by flagging any expenses that don’t meet the guidelines. This helps maintain compliance with both internal rules and external regulations.
Seamless Integration: Business Central Expense Management connects effortlessly with other modules like Finance and Human Resources. This integration gives you a unified view of financial data and employee details.
Mobile Convenience: With the mobile app, employees can manage expenses on the go. They can capture receipts, submit reports, and check the status of their reimbursements right from their smartphones or tablets.
Powerful Analytics and Reporting: The platform offers detailed reporting and analytics, helping finance teams understand spending patterns, find opportunities for cost savings, and monitor key metrics related to expenses.
Vendor Management: It also includes tools for handling vendor-related expenses, such as tracking invoices, managing payment terms, and ensuring prompt reimbursements.
Transparency and Compliance: Comprehensive audit trails are maintained for all expense-related activities, providing transparency and helping with compliance and audits.
With Dynamics 365 Business Central, expense management becomes more efficient and straightforward, letting your business focus on what really matters.
Novasoft, a distinguished Microsoft Dynamics Gold Partner (Solution Partner), provides a comprehensive range of services tailored for Business Central. Our offerings encompass Implementation, Support, Development, Add-ons, Licensing, and more. With an impressive track record spanning over two decades, our experienced Novasoft team has achieved successful project deliveries on a global scale, including notable achievements in Saudi Arabia.
Benefit from our team’s deep insights into the intricacies of international projects. Our proficient consultants possess the expertise to ensure seamless Business Central implementations, leading to an optimized ROI. For valuable perspectives on unleashing the complete power of Business Central, don’t hesitate to connect with Novasoft. Your journey towards harnessing Business Central’s potential starts with us.
Dynamics 365 Business Central is like your business’s central hub for managing everything from finances to operations. It’s a comprehensive platform that helps small and medium-sized businesses handle all their core functions in one place, making life a bit easier.
It simplifies expense management by automating and streamlining the whole process. You can submit expenses, get approvals, stay compliant with policies, and view all your financial data in one spot, all without the usual headaches.
Absolutely! The mobile app lets you capture receipts, submit your expenses, and track your reimbursements—all from your phone or tablet. It’s perfect for managing expenses while you’re on the move.
Dynamics 365 Business Central makes sure you follow company expense policies by flagging any expenses that don’t meet the guidelines. This helps keep everything compliant with both internal and external rules.
Yes, it does! You can use it to keep track of vendor invoices, manage payment terms, and make sure reimbursements are handled on time.
Definitely! The system keeps a detailed record of all expense-related activities, which is great for transparency and making audits a bit less stressful.
Getting started is easy! Just reach out to a Dynamics 365 Business Central partner or visit our website for more info on how to set things up and get the support you need.
PRESS RELEASE
July 26, 2024
NOVASOFT LS Retail Diamond Partner 2024
[Riyadh, KSA — July 26, 2024] — NOVASOFT, certified Microsoft Business Application partner, is pleased to announce that it has been named LS Retail Diamond Partner for 2024. The Diamond Partner level is the highest achievement for an LS Retail partner. This honor is limited to companies who displayed extraordinary dedication to the LS Retail solutions and drove unparalleled sales success during the previous yea
"Thank you to the LS Retail team for this recognition. We are honored to receive the Diamond Level partnership award for the second consecutive year. We remain dedicated to delivering top-notch retail solutions to our clients by deploying the Dynamics 365 and LS Retail suite of applications."
“It is amazing to see our partners pushing the limits every year to sharpen their knowledge of LS Retail software solutions and driving local initiatives that support our objectives,” says Kristjan Johannsson, General Manager at LS Retail. “Well done to our partner Novasoft on the fantastic results. We are immensely grateful for the remarkable performance and commitment you’ve shown in reselling and implementing our software, making last year a triumph,”
Novasoft is a preferred business Applications & IT solutions partner. We have partnered with businesses across Saudi Arabia, UAE, USA and India on intelligent cloud-based Microsoft Dynamics 365 business applications, Azure, Analytics and more. LS Central is our key offering for retailers (Fashion, Grocery & F&B) and we work with industry leaders on the same platform across the globe.
LS Retail, an Aptos Company, is a world-leading developer and provider of retail management software for retail, hospitality, food service, pharmacy, and forecourt businesses.
The LS Retail solutions unite within one platform ERP, Point of Sale, e-commerce, order and inventory management, CRM, advanced analytics, and more, so companies can run their whole business with one platform.
Everyday LS Retail software powers over 110,000 businesses in over 157 countries. We are the largest ISV in the Business Central community, and our partner community counts 300+ certified partners globally.
Being an LS Retail Diamond Partner is a big deal! It means Novasoft has achieved the top level of partnership with LS Retail. This recognition highlights our extensive experience and expertise in implementing LS Retail solutions. It’s a mark of our commitment to delivering outstanding retail solutions and exceptional service to our clients.
We’re thrilled to be named a Diamond Partner for 2024! This award recognizes our exceptional track record with LS Retail solutions. Our success is due to our deep knowledge of the software, our dedication to customer satisfaction, and our ability to deliver effective and innovative solutions.
LS Retail solutions are powerful tools for managing retail operations. They integrate seamlessly with Microsoft Dynamics 365 and cover everything from point of sale (POS) systems to inventory management and customer insights. By using LS Retail solutions, businesses can streamline their processes, enhance customer experiences, and make data-driven decisions that drive growth.
At Novasoft, we’re all about making sure our clients get the most out of their LS Retail solutions. We offer full support, from the initial consultation and implementation to customization and ongoing assistance. Our goal is to tailor the solutions to fit each client’s unique needs and ensure a smooth, successful deployment.
Novasoft stands out because of our deep industry knowledge and hands-on experience with LS Retail solutions. We’re passionate about what we do and committed to staying ahead of industry trends. This dedication, combined with our track record of successful projects, has earned us the Diamond Partner status
If you’re curious about how Novasoft can help with LS Retail solutions, check out our website [here](https://novasoft.sa). You can also reach out to us directly—we’d be happy to answer any questions or set up a consultation to discuss your needs
Microsoft Dynamics 365 Business Central Cloud is ideal for Saudi Arabian businesses because of its localization, scalability, accessibility, efficiency, data security, and integration capabilities. Adopting this cloud-based ERP solution enables businesses in Saudi Arabia to streamline operations, enhance growth opportunities, and maintain competitiveness in a dynamic business environment.
Novasoft’s ZATCA App for Business Central facilitates seamless integration with ZATCA, enabling direct generation of ZATCA-compliant invoices and credit memos. It also includes features for device registration and data archiving, tailored to meet ZATCA requirements.
Novasoft’s Business Central Addon for Withholding Tax simplifies tax management:
Novasoft’s Business Central Addon for VAT & Arabic Prints makes tax compliance easy and efficient:
Novasoft, a distinguished Microsoft Dynamics Gold Partner (Solution Partner), provides a comprehensive range of services tailored for Business Central. Our offerings encompass Implementation, Support, Development, Add-ons, Licensing, and more. With an impressive track record spanning over two decades, our experienced Novasoft team has achieved successful project deliveries on a global scale, including notable achievements in Saudi Arabia.
Benefit from our team’s deep insights into the intricacies of international projects. Our proficient consultants possess the expertise to ensure seamless Business Central implementations, leading to an optimized ROI. For valuable perspectives on unleashing the complete power of Business Central, don’t hesitate to connect with Novasoft. Your journey towards harnessing Business Central’s potential starts with us.
The Jobs & Resource functionality in Dynamics 365 Business Central is a powerful tool for businesses involved in project-based work. It offers a comprehensive set of features to manage projects, resources, time, expenses, and billing effectively.
By leveraging this module, businesses can improve project visibility, enhance resource utilization, streamline billing and invoicing processes, and make informed decisions to drive business success.
If your business deals with project-based work and you’re looking for a solution to streamline your project management and resource allocation processes, consider implementing the Jobs & Resource module in D365 Business Central. It can help you optimize your operations, improve profitability, and achieve your business goals more efficiently.
Here’s a breakdown of some key features typically included in this module:
Project Management:
Business Central allows users to create and manage projects within the system. This includes defining project details such as start and end dates, budget, and milestones.
Keep track of usage on jobs and data for customer invoices. Manage both fixed-price jobs and time-and-materials jobs. Copy a budget from one job to another and set up a job-specific price list for charging of items, resources, and general ledger account expenses to the job’s customer.
Resource Management:
Users can assign resources (such as employees, equipment, or subcontractors) to specific projects. es Users can create a resource pool, define resource roles and skills, and allocate resources to specific projects or tasks. This ensures that the right resources are assigned to the right projects, maximizing productivity and efficiency.
Plan capacity and manage usage statistics and profitability of resources. Create your plan in a calendar system with the required level of detail and for the period of time that you need. Monitor resource usage and get an overview of your capacity for each resource with information about availability and planned costs on jobs.
Time sheet Tracking:
The module enables employees to track their time spent on various projects and submit their timesheet to project activities. This data can then be used for billing clients or analysing project profitability.
Track employee time spent on jobs with a simple and flexible Time Sheet solution. Control time through manager-level approval.
Budgeting and Cost Control:
Businesses can set up project budgets and monitor actual costs against those budgets in real-time. This helps in identifying cost overruns early and taking corrective actions as needed.
Keep track of usage on jobs and data for customer invoices. Manage both fixed-price jobs and time-and-materials jobs. Copy a budget from one job to another and set up a job-specific price list for charging of items, resources, and general ledger account expenses to the job’s customer.
Project Billing and Invoicing:
Business Central supports various billing methods such as fixed-price contracts, time and material billing, or milestone-based billing. Users can generate invoices directly from project data and track payments received from customers.
Estimate the financial value of jobs by monitoring resource usage and other expenses posted to each job. Recognize revenue according to time, materials, and expense usage.
Invoice customers on a time-and-materials or fixed-price basis. Assign a specific job to a specific customer and invoice the job completely or partially using Jobs together with Sales Invoicing. Customize invoices with Microsoft Word and email directly to customers using Outlook.
Reporting and Analytics:
The module provides built-in reports and analytics dashboards to monitor key project metrics such as project profitability, resource utilization, and project status, to gain insights into project performance and make informed decisions.
Overall, the Jobs and Resource Management module in Business Central streamlines project operations, enhances resource planning, and improves project profitability through better control over costs and resources.
For more information about Dynamics 365 Business central and how Novasoft, as a Microsoft certified Business Solutions Partner, can help your business with the implementation of Microsoft Dynamics business applications, including LS Central on Dynamics 365 BC, Power Apps, Microsoft 365, and Azure
Our team of certified and experienced consultants is ready to assist companies across UAE, KSA, USA, Kuwait, Maldives, Sri Lanka and India in migrating from legacy systems to modern, cloud-based POS, retail, and ERP systems. We are committed to delivering top-notch business solutions that lead to shorter project durations and improved overall quality for our valued customers.
Contact us today to discover how Novasoft can help your retail business thrive with LS Central POS and Microsoft Dynamics solutions.
