In 2000, Navision software merged with Damgaard to form Navision Damgaard A / S, which was later renamed Navision A / S, this company was taken over by Microsoft and launched the ERP solution under the Microsoft Dynamics NAV brand in 2005. In addition to Dynamics NAV, Microsoft has three other ERP solutions GP, SL and AX and a CRM solution. Microsoft undertook an ambitious project to unify the four ERP solutions to give a single compact solution that has recently been canceled due to disappointing results, now Microsoft is supporting and improving all four solutions.
Microsoft Dynamics NAV ERP is best suited for the wholesale and distribution industry that needs industry-specific solutions for efficient work. For the distribution industry, it comes loaded with the latest features such as item tracking and automated data capture system. It is also suitable for cross-border business companies with facilities to handle multi-currency transactions, multi-language support, and functions in financial management for data consolidation from different divisions and subsidiaries.
Business Analytics for Navision ERP supports online analytical processing services with interactive graphing of key performance indicators and market trends and patterns. The Navision ERP software system administration application provides the ability to design forms, customize access to menus and other functionalities according to roles and responsibility, it also allows the administrator to specify access rights for subsidiaries and employees. for trouble-free operation and data security. Even Internet access can be supervised by the administrator.
It uses SQL server as the database, but it can also work with a native database server called as classic, however, SQL is more capable of handling big data and comes with advanced functions for write procedures. ERP Navision comes with a set of solutions that is to enhance its capabilities and applications can be written in a language similar to Pascal, this makes Navision ERP easily customizable software. There is no need for separate procedures to handle the database, the application itself can handle the interface and the database, reducing customization time compared to other ERP solutions.
In addition to distribution and wholesaling, this Microsoft family ERP product has features for financial management, human capital management, supply chain management, supply chain analysis, customer relationship management, e-commerce. , manufacturing, and flexible reporting and analysis tools. These characteristics make it a complete ERP solution suitable for medium-sized companies. Navision ERP comes with cheaper license offerings compared to other ERP software with similar features and facilities. Its users have also appreciated its scalability and it can grow according to the growing needs of the organization, the updates are well supported by Microsoft.
Like other Microsoft ERP solutions, Navision is also tightly integrated with other Microsoft products such as MS-office and Excel, making it easy to use. Additionally, Navision ERP easily integrates with other non-Microsoft products and popular software that companies commonly use for specific solutions. Microsoft provides vertical solutions to many industries through its other products, the easy and seamless connectivity of Navision ERP with those products now and in the future also makes ERP more useful than others.