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FMIS with Dynamics NAV

Do you expect the most out of your FMIS solution? Do you want it to extend across your business in a very usable, integrated and secure way allowing teams to collaborate immediately on the latest information?

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Microsoft Dynamics NAV is an integrated business management solution that provides financial management, customer relationship management (CRM), and supply chain management (SCM) and manufacturing functionality. The integrated design means that business processes and information are shared across all modules and data is gathered in a central database (Microsoft SQL Server). This can then be reported against, and used by analytical tools to generate business intelligence.

Dynamics NAV offers a complete general ledger solution that provides the facilities necessary for setting up a company and posting to the general ledger: chart of accounts, general journals, GST facilities, recurring journals, and source codes. NAV makes it easy to accomplish a spectrum of financial management tasks, such as:

 
  • Setting up accounts in the chart of accounts. For each account established, there is a balance/ budget window that shows budget figures and/or actual figures for the entire chart of accounts, or for individual accounts.
  • Viewing continually updated balances and net changes.
  • Checking how journal entries will affect the liquid accounts before they are posted. Easily track posted general ledger entries and reverse entries that were posted with incorrect information.
  • Entering figures in the general journal in any currency.
  • Defining the fiscal year as beginning on any date and dividing it into any accounting periods.

 

What do Clients say about Dynamics NAV …

With Microsoft Dynamics NAV, employees have visual cues to help them see exactly what they need to do next to move business forward.

- Ricky Vogel, CIO, Gumdrop Books and Mitinet

 

BENEFITS

  • Modern and robust

    Dynamics NAV delivers the reliability and accuracy your board will thank you for when examining the financial accounts.

  • Expandability

    Be able to add value to the whole organisation and not just Finance, with the addition of advanced modules like manufacturing and supply chain management. Add the Topaz advanced modules to optimise budgeting, forecasting or Paperless AP.

  • Extend and improve collaboration

    Connect people throughout the business with the information they need to save time, reduce costs, and increase satisfaction.

  • Optimise effectiveness

    Enhance productivity by integrating, streamlining, and automating processes for faster financial reporting with excellent controls to eliminate errors.

FINANCIAL MANAGEMENT

  • FlowFields—Helps ensure that users receive the most up-to-date financial data and continually updates and recalculates the contents of a FlowField online.
  • Lookup Buttons—Gives users direct access to information in a table. For example, from a journal line users only have to enter information correctly once, and it can be reused consistently on all subsequent occasions.
  • Cash Manager—Includes bank account management, enabling organisations to create, modify, and delete bank accounts, transfer between bank accounts, and set up customer/vendor bank account cards.
  • Traceability—Helps ensure all transactions have a complete audit trail, so even complex business transactions become transparent.
  • Security Features and Business Rules—Specifies which personnel and roles may see which information using record-level security.
  • Intercompany Postings—Creates intercompany transactions between any two companies within a group controlled by the same legal entity.
  • Receivables and Payables—Defines flexible payment terms, discount periods, and payment methods, and takes advantage of other functionality including defining flexible payment application policies and finance charge terms.
  • GST and Other Use Taxes—Uses posting groups to automatically calculate GST, sales tax, excise tax, or other use taxes for customers and vendors.
  • Fixed Assets—Defines information for an asset and group assets. Identifies an unlimited number of depreciation books for each fixed asset, and describes the required depreciation conditions.
 

 

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