Category Archives: Dynamics 365

The New Cloud Version of Microsoft Dynamics NAV Launches

Microsoft is launching the new cloud version of Dynamics NAV on April 2, 2018. It’s called Dynamics 365 Business Central.

Business Central brings the full power of Dynamics NAV to the cloud, offering organizations a single, end to end solution for managing finances, operations, manufacturing, distribution, inventory, projects, sales, customer service, and more.

Business Central offers terrific value because it integrates with other Microsoft cloud services including Office 365 and can be customized or extended for specific industry needs with PowerApps, Microsoft Flow, and Power BI.

It’s a true cloud solution that has all the functionality of the on-premise Dynamics NAV solution, only now with SaaS pricing that enables companies to get ERP up and running quickly without a huge capital expense. For example, the Essentials functionality of the solution is $70 per user per month while the Premium level is $100 per user per month.

If you are a project-based company or government contractor, Dynamics 365 Business Central is not a replacement for Dynamics SL. But for those organizations on Dynamics SL that have distribution, manufacturing, or supply chain management, this new solution needs to be on your radar for your next ERP upgrade. See here why these companies should consider 365 Business Central.

Synergy will post more information about Dynamics 365 Business Central as it becomes available. For now, distributors, manufacturers, and supply chain management organizations can imagine all the functions found in this Dynamics NAV Capabilities Guide transferred to the cloud, to envision a solution for them.

Visit Dynamics 365 Business Central to get a look and feel of the solution. Sign up for a Dynamics NAV/Business Central demo to get started on evaluating this “new generation of business intelligence in the cloud.”

Take a Tour of Dynamics 365 in the Cloud



Microsoft Dynamics 365 Business Edition is not a replacement for Dynamics SL, especially if you are a government contractor. With its powerful project accounting and government compliance capabilities, Dynamics SL is still the most powerful out-of-the-box Microsoft solution for project-based companies. Yet smaller companies, or ones that do not have complex project accounting, will find Dynamics 365 coupled with Progressus Project Accounting to be a powerful cloud-based alternative.

Cloud-based Microsoft Dynamics 365 Business Edition is a multi-currency business management solution that helps small-to-medium companies manage their accounting, finances, sales, and operations. With native integration with Office 365, it delivers a powerful integrated experience with the Microsoft software you already have. Moreover, for project-based companies, Dynamics 365 provides a platform for Progressus Project Accounting, a seamless integrated enhancement that enables effective and easy project setup, budgeting, tracking, time and expense, analytics, forecasting, and resource management.

Synergy has put together a tour of Microsoft Dynamics 365 (9 mini demos) for your convenience in each major area, as well as one demo of Progressus‘ professional services automation and project accounting. Demos include:

  • Financial Management – Bookkeeper and Accountants’ Roles
  • Project Management – Project Manager Role and Managing Jobs
  • Project Accounting – Budgets, Tracking, T&E, Analytics, and Resource Management
  • Purchasing – Procure to Pay
  • Inventory – Manage Your Inventory
  • Sales – Sales Management and Quote to Invoice
  • Executive Oversight – Business Health, Trends, and Opportunities

Sign up for the tour and see for yourself how Dynamics 365, with or without the advanced project accounting enhancement, might fit for your company.

Take a Tour of Microsoft Dynamics 365 in the Cloud

WEBCAST: Progressus Advanced Projects for Dynamics 365 & NAV



Designed exclusively for professional services firms, Progressus turns Microsoft Dynamics 365 Business Edition or Dynamics NAV into modern cloud ERP and PSA for project-driven organizations.

Want to find out if the Microsoft Cloud is right for you? This 55-minute webcast will give you the answers you’re looking for.

By watching you will learn:

  • Why Microsoft Dynamics 365 and Progressus are trending in the professional services sector.
  • How integrated project management and project accounting can dramatically improve operations and client service.
  • Where to find that extra 10% of utilization and the predictive analytics you need to forecast accurately.
  • How to set up projects, budgets, project analytics & reports, track costs, enter time and expense, route approvals, manage resources, and invoice clients.

Access the Progressus Advanced Projects for Dynamics 365 & NAV webcast now!

Project Accounting in the Microsoft Cloud


With Progressus Software, there is now a powerful Microsoft cloud solution for small-to-mid size professional services and project-based businesses. Designed to leverage Microsoft Dynamics 365 and Microsoft Dynamics NAV, Progressus is a multi-language, multi-currency business management solution that empowers companies to more effectively manage their operations.

Progressus adds advanced project accounting and project management to the powerful financial management and basic project management functionality of Microsoft Dynamics 365/NAV to provide the most advanced business management solution for professional services and project-based businesses. It offers unique and powerful functionality in these areas:

  • Quick Project Setup
  • Project Budgeting
  • Project Resource Management
  • Project Monitoring and Analyzing
  • Project Cost Tracking
  • Remote Project Time & Expense Entry & Approval
  • Project Invoicing
  • Project Reporting, Analytics & Forecasting

Progressus is deployed on the Microsoft Cloud and customers can access their solution through role-based interfaces on their desktop, in a browser, or with a native mobile app on a tablet or mobile device. As a Dynamics 365-based solution, Progressus is rapidly deployed with minimal configuration. It also features native connectivity to Dynamics 365 Sales and Marketing and Microsoft PowerBI, for an even more comprehensive business solution.

Whether Progressus is installed with Dynamics 365 Business Edition or Dynamics NAV, it provides native integration with Microsoft Office 365. When your email, calendar, and files seamlessly come together with your data, reports and business processes you get an integrated experience that no other stand-alone project management or enterprise resource planning (ERP) solution can match.

An Introduction to Progressus Software



Progressus Factsheets

Take a Tour of Dynamics 365 and Progressus


Dynamics 365 Business Edition:
Financials | Basic Projects | Advanced Projects | Sales | Purchasing | Inventory | Capabilities Guide

Microsoft Dynamics 365, Dynamics SL, and Your Business

Dynamics 365 and Dynamics SL

Made available on November 1, 2016, Dynamics 365 is Microsoft’s next generation of business intelligence applications in the cloud. It’s a cloud-based financial management solution that is highly integrated with Microsoft CRM and Office 365 with powerful capabilities for sales and operations. Companies on Dynamics SL may be asking, “What impact does this have for Dynamics SL users?” Companies searching for a new system, should ask, “How do we know if we should consider Dynamics 365?”

First, “What impact does this have for Dynamics SL?” None! Dynamics SL continues to be Microsoft’s top solution for project-based organizations with its powerful flexibility and phenomenal project accounting capabilities, including easily handling DCAA compliance for government contractors. Microsoft will continue to release new enhancements and fixes to Dynamics SL. As stated in the product roadmap, Dynamics SL has a planned development timeline as does all of Microsoft’s on-premise product lines. A Cumulative Update (CU2) for Dynamics SL is planned for December 2016 and a new major release is planned for 2018.

Second, for companies evaluating a system upgrade, “How do you know if you should consider Dynamics 365?” The short answer is this: At this time, Dynamics 365 is not a good fit for companies that either are government contractors or that have complex project accounting. However, for small-to-medium businesses (SMBs) without those characteristics, the Business Edition of Dynamics 365 could be a great option (The Enterprise edition of Dynamics 365 is designed for large, enterprise level companies). Those SMB companies should consider Dynamics 365 if they desire the benefits of the cloud and if their core need is merely more robust financials that integrate with sales and operations. Moreover, Dynamics 365 Business Edition does have some light project functionality. It could be an option for those who only need a single level task structure with no allocation capabilities.

Will Dynamics 365 ever be a good fit for project-based companies and government contractors? Microsoft and a 3rd party vendor named Progressus is working on developing Dynamics 365 to ultimately compete with the powerful flexibility and functionality of Dynamics SL. It is unknown when that time will come. When it does, Synergy Business Solutions will help companies evaluate whether a cloud or on-premise solution is the right fit for their project-centric organization.

From QuickBooks to a Modern ERP System? Why ROI Matters

Entry-level accounting solutions like QuickBooks become very inefficient the larger your company grows. They have many hidden costs represented by a lack of automation, manual processes, reliance on spreadsheets, and little or no business insight, all resulting in poor productivity. When you switch to a modern, cloud-based or on-premise ERP system (such as Microsoft Dynamics SL or Dynamics 365), you leave those hidden costs behind while gaining new hidden savings. This is why calculating your return on investment (ROI) is so important when evaluating changing to a modern ERP solution. Learn how it works in this short video:

Why Your ROI Matters When Replacing QuickBooks with Cloud ERP


How to Become a Strategic CFO

CFO
The role of finance departments, especially in small-to-mid-size companies, is dramatically changing. Traditionally theirs was a secondary role. They were locked into the tasks of keeping the books, paying the bills, and delivering historical financial information to executives. Moreover, they were bound by the constraints of using burdensome, non-integrated financial systems.

Today, because of the advent of fully integrated systems (some of them cloud-based and some of them on-premise) and their ability to access data from any web-enabled device, even smaller finance departments can stop spending most of their time on such tasks. Based on the unparalleled insights that come from having seamless integration, they can spend more time giving financial-management advice and identifying business opportunities. A CFO can become a strategic corporate asset to the company.

To learn the specifics of how, see the Accounting Web article, How Chief Financial Officers Can Become Major Corporate Players. It identifies advantages of modern ERP systems like Dynamics SL or Dynamics 365 to free up CFOs.

4 Things You Need to Select the Right Accounting System

You need to find the right accounting / ERP solution for your business. Perhaps you are straining the limits of QuickBooks or another entry-level software. Maybe you are experiencing “spreadsheet hell” with a myriad of Excel documents and tabs within them.

As you start down a road to a solution that will take your company to the next level, bear in mind these 4 simple ways we at Synergy are committed to helping you, whether or not you select one of the products we implement and support or not.