Dynamics 365 Financials versus Microsoft Dynamics NAV 2017
If I told you that the first one leveraging the latest Cloud technologies is the new addition to the Microsoft family, while the second one is known throughout the world with decades of experience, would you be able to name them? Dynamics 365 Financials is obviously the first, and Dynamics NAV 2017 is the second.
But, would you able to tell them apart? Describe what their differences are? If you’ve followed the ERP management system market over the last year, you know that these two solutions aren’t really competitors, even though we see a lot of comparisons, like Dynamics 365 Financials versus Dynamics NAV 2017. But they target different markets and address different needs. You also know that since Financials is based on NAV’s technology, the two systems have more in common than things that set them apart.
So it’s awfully difficult to list their specificiations when there are so many similiraties between them, right? So how do we find the best solution for our business in the Dynamics 365 Financials versus Dynamics NAV 2017 run?
Since there is no black and white answer for that big, ‘Dynamics 365 Financials versus Dynamics NAV 2017’ question, we’ve decided to provide you with all the information you need to make a confident decision. And for you, and only you, I’ve added my concluding remarks at the end to shed a little light on all this information.
If you plan on implementing an ERP in the next few months, we strongly recommend that not only you read this article, but also get a free diagnostic from our consultant.
Feature #1 of Dynamics 365 Financials versus Dynamics NAV 2017 : the user interface
First of all, the Financials interface is similar to the NAV web interface. Since they’re both Microsoft products, you’ll find that the user experience will make any enterprise that’s familiar with this environment feel at home.
The main difference between Dynamics 365 Financials versus Dynamics NAV 2017 is that the first one is cloud solution hosted on Microsoft’s Azure platform while the second one can either be installed on a physical server, hosted on a private cloud, or on Azure. Dynamics NAV 2017 can be accessed through an Internet browser window (Web interface) or an application, while Dynamics 365 Financials is accessible through an Internet browser, or a tablet or mobile app.
Currently, Financials provides no features for production, storage, or services and human resources management.
Feature # 2 of Dynamics 365 Financials versus Dynamics NAV 2017: modules
Though your Financials subscription allows you to create more than one company, you have to be aware that it offers no functionalities for inter-company transactions or consolidation. Financials modules are limited to Dynamics 365 Financials, whereas Dynamics NAV 2017 allows you to correctly reconcile many companies together by permitting intercompany postings.
Also, about the inventory modules, in Dynamics 365 Financials you must know that it doesn’t provide the management of several different warehouses (locations), or the management of batches or serial numbers, which Dynamics NAV 2017 does with bins.
Finally, the Dynamics 365 Financials versus Dynamics NAV 2017 comparison gives another point to NAV, since it can help create purchase quote requests to orders while Dynamics 365 Financials only allows you to prepare purchase orders.
Feature #3 Dynamics 365 Financials versus Dynamics NAV 2017: personalization
In the Dynamics 365 Financials versus Dynamics NAV 2017 run, this is actually a really interesting feature, because it’s not only a new development approach, but it’s also available for NAV. Even if this feature is only just starting to be used by partners, you have to know that it can be personalized through ‘’extensions’’ which can be really interesting fo you.
Loving what you read, but still wonder if you should change your ERP? Read our guide on how to assess an existing ERP.
Feature #4 Dynamics 365 Financials versus Dynamics NAV 2017: a little bit of everything
Here, we gather miscellanious information about the differences between Dynamics 365 Financials and Dynamics NAV 2017.
Unlike Dynamics NAV 2017, I find it important that you know that Financials doesn’t do the following:
- Distribute ancillary costs across the cost of materials sold or over additional revenue.
- Associate carriers or carrier methods to clients.
- Associate links or create notes and comments for various records.
Exceptions regarding Quebec:
For most of our Canadian clientele, the Dynamics 365 Financials versus Dynamics NAV 2017 run is also about language. If you live in Quebec, or are a French-speaking user, unfortunaly you might have realized that Dynamics 365 Financials’ interface is only available in English for the time being. However, Dynamics NAV 2017 is available in several languages, and the French version should be available soon.
Well, all these features are interesting, but take the time to consider our 5 key factors before changing your ERP.
And how to make sense of all those features?
After stating all those differences and similarities, what makes the Dynamics 365 Financials versus Dynamics NAV 2017 run such an interesting one? Because both of them have specific purposes, but Dynamics 365 Financials is not a competitor to NAV 2017. It’s more like NAV 2017’s little brother, who is going to grow fast and take its rightful place in the management solution market.
Still need help picking your ERP? Here are our four best tools to make the best choice.
So Dynamics 365 Financials is a powerful cloud solution based on the Dynamics NAV technology, targeting the needs of small businesses. Although there are differences between the two solutions, Microsoft plans on updating Dynamics 365 every month and has announced that all NAV features will eventually be available in Financials.
We can look forward to a quick and positive evolution that I’ll be commenting on in future blogs.