Should I Upgrade? | What You Need To Know About NAV 2017

With a huge focus on user experience, the pages within the newest version of Microsoft Dynamics NAV have been simplified. While simplicity is a very beneficial software element, It’s unlikely to be the deciding factor in your decision to upgrade. NAV 2017 has undoubtedly offered a number of a number of new features and improvements. If you’re an existing NAV client, I’m sure you would be wondering if this version is really worth the upgrade. Let’s go through what you need to know about NAV 2017:

 

  • Embedded Power BI

As many know, Power BI is a powerhouse when it comes to reporting. In case you don’t know, the app is designed for SMB management that would like detailed insights into business performance. In previous versions of NAV, the user had to view their dashboards via the Power BI app/web-client. However, in NAV 2017, You are now able to use a single app (NAV client) to view your reporting. The dashboards that you use in Power BI can now be brought directly into your role center in NAV. We’d also like to note that the integration is automatically refreshed so you can be sure you’re always viewing the latest data.

  • Cortana Intelligence

Managing your stock doesn’t have to be scary anymore. You are now able to take advantage of your historical data via the built-in Cortana Intelligence and obtain forecasts into your predicated sales. This feature provides us accurate budgets based on previous years’ trends. Anything from stock levels to sales quantities to the qty. to manufacture – you are working with the best predictions possible.

  • Office 365 Integration

One of the key elements of the NAV 2017 is the integration between NAV and Office 365. This includes a direct integration with Microsoft Dynamics CRM, as well as an Outlook add-in allowing you to synchronize master data between the two and saving you time on data entry. The Outlook add-in can be very beneficial for customers that schedule services with their customers. For example, if you have an Outlook calendar appointment for a scheduled service, you can take care of all the financial tasks related to the appointment via the add-in that would have previously been completed in the NAV app. This is done by simply creating and sending an invoice for the associated service from the calendar appointment. Yes, it is that easy! There is also now an Excel add-in that provides you the ability to view/edit NAV data in Excel. We would exhaust ourselves trying to explain all the benefits of this new add-in, so we’ll just narrow it down to one that we thought would be very popular – you can now create invoices AND allow customers to book appointments online via Bookings in Office 365. External applications for scheduling are so 2016.

  • Cancel Posted Credit Memos

You are now able to reverse credit memos that have been created to reverse invoices, ex. The ones you create when you cancel a posted invoice. This functionality was added to the posted sales and purchase credit memos.

  • Item Attributes

Customers should be able to organize and classify their products in whatever way they would like to, and now they can. This new feature introduced in NAV 2017 allows you to define and add different types of attributes to items in NAV such as, length, width, voltage, colour, etc. This also becomes handy in situations when you need to add items to sales and purchase documents. The feature allows you to filter your items based on attribute values which will ultimately limit the list of items you choose from. While this was a frequently requested modification in the past, it is now out-of-the-box functionality.

  • E-Everything

Customers can now pay your invoice online via hyperlinks to payment services, such as PayPal.

  • Item Categories

Another great new feature is the item category table now being multi-level so that you are able to define a hierarchy in the list of item categories. You are also able to use each of the item categories to define what item attributes applies to said category. Ex. When a new item is created and the item category is selected then NAV will populate the list of attributes that the item should have. This allows the user to know which attributes to enter. This provides companies a consistent set of attributes on similar items and will speed up the process of creating new items.

  • G/L Account Categories and Sub Categories

Having full control over your chart of accounts has never been easier. In NAV 2017, General Ledger accounts are able to now be categorized via the two new fields on the G/L account card; Account Category and Account Subcategory. This feature enables companies to group accounts that are used for similar postings, ex. revenue accounts can be grouped into types, such as product, service, shipping revenue accounts and thus allowing reporting to be standardized. Additionally, by using this feature and creating and mapping categories and accounts respectively, you can provide personalization to the structure of your financial statements.

  • New Extensions

You don’t have to alter the source resources to modify your NAV system anymore. The Extension Management page allows you to install/uninstall extensions easily and with only a few clicks. Some existing extensions include: PayPal integration, QuickBooks data migration, and even a sales forecast solution.

  • Purchase Order

Brand new functionality! You can now create a purchase invoice based on a sales order.

  • Item Creation

Brand new functionality! In NAV 2017, you are able to create an item automatically by using the item templates when you enter a description in the no. field on a sales document that does not exists in the item list.

  • Smart notifications

This is likely the top feature of NAV 2017. It allows you the ability to send notifications on the page in NAV that the user is currently viewing. The notifications appear in the new notification area at the top of the user’s screen and can be linked to more details if necessary. In previous versions of NAV, a pop-up message would appear with every single change of a sales order, but now the notification does not interrupt the user. This can be a highly coveted feature for companies that require credit limit warnings or other important customer notes.

 

NAV 2017 Notable Improvements:

 

  • Payment Reconciliation

Now you can see the total amount in the payment reconciliation journal and closely scrutinize the numbers while seeing transactions that have not been applied or reconciled.

  • Jobs

Manage projects stress-free by gaining more visibility into the details. A project manager field has been added on the job card and the Project Manager role center now shows information specific to the jobs the user is currently managing via My Jobs.

  • Fixed Assets

NAV 2017 has enhanced fixed assets with a couple of notable improvements. The new standard setup was introduced which makes it easier than ever to create new Fixed Assets. Also not to be forgotten are the journal features allowing you to post F/A purchase transactions.

 

We still have more features, but we think that this is a good place to start if you had any doubts about whether or not to upgrade to NAV 2017. Give us a call at 1-888-405-8676 or via the contact form below if you’re interested in viewing a demo or learning more about the newest version of NAV.

 

Top Reasons to Upgrade to NAV 2016

Your business management solution is a critical part of your organization and keeping it up-to-date is essential to the future of your business. By taking advantage of new functionality and enhanced capabilities available in recent releases, you can boost productivity, reduce costs, and improve customer service.

 

In our increasingly digital world, businesses of all sizes are looking at how they can transform their organizations—to create greater efficiencies and streamlined business processes, to empower their workers with relevant insights, anywhere and on any device, and to scale and grow securely through the power of the cloud. With Dynamics NAV 2016, you can choose cloud or on-premises deployments, giving you the flexibility to determine what is best for your business. Upgrading your solution also keeps it running smoothly with the latest advances in technology and infrastructure, so you can maximize your existing investment in other Microsoft products and services. Learn how Dynamics NAV 2016 is even faster to implement, simpler to use, and provides you with all the power you need to support your business ambitions.

Enable More People to Use Dynamics NAV 2016

Upgrade to Dynamics NAV 2016 and extend the value of your solution to more users. Now you have greater flexibility and more choice over how you access and deploy the solution. With new streamlined, easy-to-use native apps, you can enable mobile workers on any device—phones, tablets, and mouse and keyboard— running Android, iOS, or Windows. Empower more employees with straightforward and secure access to relevant information and data in Dynamics NAV— without having to invest in complex customizations or technology. Choose from deployment options on Microsoft Azure, in a private cloud, hosted by a Microsoft partner, or on your servers.

Improve Decision Making

Increase business insight with pre-built Microsoft Power BI dashboards and data connections that give teams instant access to key performance indicators in an intuitive environment, designed for secure collaboration. In Dynamics NAV 2016, you can connect to your instance of Dynamics NAV and PowerBI.com and immediately access the business performance dashboard, with insights into your business. The new PowerBI.com content pack for Dynamics NAV is designed specifically for small and midsize business owners, managers, and executives, providing details on customers, sales, and finance. With build-in automatic refresh of data you always have the latest data at your disposal.

Make it Easier to Grow Sales

With Dynamics NAV 2016 it’s even easier to grow sales, improve customer service, and streamline order-to cash-processes through native integration with Dynamics CRM Online. There is no longer a need to distinguish between CRM and ERP—it’s just one seamless workflow for your business processes. Whether you are working in Microsoft Dynamics NAV or Dynamics CRM, you can access the business information you need, from the product you prefer. The seamless experience means that you can increase sales and order accuracy, and decrease the time from a sales lead to receipt of cash from a customer.

Gain Control of Financial Processes

Already known for its compelling financial-, cash flow management and cost accounting capabilities Dynamics NAV 2016 delivers even more. Handling deferrals of revenue and expenses is made easy, and the posting preview feature enables you to control the end result up front. You can also ensure accuracy and reduce fraud with the new positive pay feature, and improve efficiency and save time using the Word format defaults for various reports.

Digitize Your Business Operations

Digitize your business with expanded document management, workflow, and Optical Character Recognition (OCR) capabilities designed to help you automate processes and eliminate paper-based transactions, as well as providing updated currency exchange rates.

With Dynamics NAV 2016, Microsoft announced a partnership with Lexmark to provide an invoice capture service hosted on Azure. This means that unstructured data from PDFs or scanned invoices and credit memos can be extracted into structured data, enabling further automatic processing similar to electronic documents. This service is available at no additional cost for the first 75 invoice transactions per Dynamics NAV customer.

You can also accelerate your invoice approvals because with Dynamics NAV 2016 you automatically have access to the Tradeshift.com e-invoicing solution, at no additional cost. Documents can be sent to and received from organizations or government authorities via Tradeshift, and the delivery status and activity logging is available in Dynamics NAV for the document exchange service interaction.

“Microsoft Dynamics NAV 2016 enables us to keep track of things in a scalable, efficient way. The Microsoft cloud solution lets us access data anytime, anywhere.”

– Mark Tanous Chief Executive Officer. Bounce Foods

 

Lower Your IT Costs

Upgrading your solution can help lower IT costs by making it easier to integrate your Dynamics NAV solution with other systems, including the other Microsoft products and services that you already have. Dynamics NAV 2016 delivers integration enhancements and even closer alignment with Microsoft SharePoint and Office 365. And take advantage of enterprise-class scalability, security, and availability in the cloud with the new option to deploy Dynamics NAV on Microsoft Azure SQL Database, Microsoft’s industry-leading database-as-a-service in the cloud offering.

“With everything in the cloud, you don’t have a capital expenditure on technology, and the worry about when you’ll need to reinvest. It’s a simple cost off the top of the house. To all my customers my prescription is the same—set yourself free. Go to the cloud.”

– Jakob Ingemann Business Advisor and Managing Partner, IZARA

 

Accomplish Even More

With more than 60 enhancements to the Web client, you can accomplish even more with Dynamics NAV 2016. You can experience improved page and list navigation, and a significantly shorter start-up time when launching Dynamics NAV in a web browser.

Reduce the Cost of Your Next Upgrade

Yes, that’s right. If you upgrade your solution to Dynamics NAV 2016 now, you can help reduce the cost of future upgrades. Keeping your solution current—with the latest technology and functionality—is smart for your business and your bottom line.

Source: Microsoft

Subscription Licensing

A business can be ready for an ERP solution, but sometimes the wallet isn’t. Today, we are going to break down the difference between Perpetual and Subscription Licensing. Learn how you can decrease the cost while still having Microsoft Dynamics NAV today.

Perpetual Licensing

You are licensing the software with permanent usage rights. This means you can use the software for as long as you would like. Perpetual Licensing is ideal if you prefer an upfront investment for your business. If will run the software on your premises and manage the solution in-house – this is also the route to go.

Subscription Licensing

You license non-perpetual rights. You can use the software only during the term of the agreement secured by periodic payments. To put it another way, this is like renting month-to-month or a pay-as-you-go service.

Is Subscription Licensing a good fit for my business?

If you are wary of an ERP solution due to the price tag that comes with it, then it definitely could be. It might be particularly beneficial for businesses that have variable staff or start-ups. After all, spending thousands on a hardware solution can be a huge commitment. Particularly if you aren’t sure where you want to take your business yet, or who will be clocking in next week.

With Subscription licensing, you can buy the exact number of licenses you need month-to-month. NAV has never been more more accessible to SMB’s that want an economical option than it is today. You can have an ERP without breaking the budget.

IfIf you would like to find out what a monthly subscription cost would be for your business, contact us.

For more information on a Cloud-Based solution – 5 Perks of a Cloud-Based Solution

LS Retail – A New Partnership

We’re eager to announce some exciting news!

OLS has recently partnered with LS Retail, a leader in the Retail management systems. Used by over 3,000 companies and 50,000 stores worldwide in diverse industries such as fashion, electronics, furniture, restaurants, coffee shops, and many more; LS’ “Easier, Simpler, and Faster” solutions have helped businesses around the world increase revenue, build loyalty, reach new customers, and lower costs. The system has the ability to track sales, stock levels, and productivity live on all your sales channels – physical locations, e-commerce or mobile. The capability to react quickly when circumstances change ultimately minimizes your risks while maximizing your profits. This is why LS Retail software systems help enable over a hundred million pleasurable shopping and dining experiences every day.

To be successful in today’s competitive economy, retail businesses need to look for every advantage to assist them in exceeding customer’s expectations and helping them stay ahead of their competitors. Having real-time insight into the business’s operations at your fingertips is essential to maintaining this advantage. The market-leading LS Retail solution is currently used by retailers and restauranteurs across 120 countries, such as Nike and Ikea to name a couple.

To learn more about LS NAV or see a demo, click here or contact us directly at sales@omnilogicsolutions.com.

5 Perks of a Cloud-Based Solution

A question we get asked often is whether or not a cloud-based solution is right for a customers business. The pro’s and con’s are easy enough to think on without a fancy degree in computer technology. Let’s take a look at the key reasons we think you should consider the cloud:

Up and running in no time with money to save

If your company is looking to switch to an ERP, but are deterred by the cost – saving time on hardware installation can be the deal-breaker. Deploying a new solution on-premise can take a while because of procuring and installing the IT infrastructure. Implementing a cloud ERP can easily cut your deployment time in half.

 “We already have hardware though!”

That’s okay. If your company has an ERP solution, but outdated hardware – again, this might be the deal-breaker. We won’t lie, a hardware refresh can be expensive. A transition to the cloud could cut your cost exponentially by placing the hardware ownership on your cloud-based provider’s shoulders instead of on yours.

Hardware, installation, and maintenance costs going to your cloud-based provider frees up your finances for taking your business to new heights.

Pay As You Go

Some companies are just starting up and some have variable staff based on the jobs and projects lined up at the time. Spending thousands on a hardware solution is a huge commitment if you aren’t sure where you want to take your business yet or who’s clocking in next week. A cloud-based solution allows you to purchase the exact number of licenses you need each month on a month-to-month basis. No muss, no fuss!

Accessible From Everywhere

A huge perk of a cloud-based solution is having the ability to access your data everywhere. Working from home, the office, or even on the road – just got easier.

Better security

Cloud-based providers are often held to a higher standard by many organizations. This pressure means your cloud-based provider will ensure their systems have industry-standard data security certifications, disaster recovery, and back up procedures in place.

Find out more about implementing NAV in the cloud! Contact us today.

Coffee Break: Make your (Windows PowerShell) life easier

Anyone who uses Windows PowerShell regularly will be familiar with re-typing the names of Windows PowerShell cmdlets they already used many times before. In this post we will show a couple of examples of creating functions and store them in your profile to reduce the amount of re-typing needed in order to make your life…Anyone who uses Windows PowerShell regularly will be familiar with re-typing the names of Windows PowerShell cmdlets they already used many times before. In this post we will show a couple of examples of creating functions and store them in your profile to reduce the amount of re-typing needed in order to make your life…
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NAV Design Pattern: Activity Log

The Activity Log pattern tracks execution of activities. This is a Dynamics NAV specific implementation of the generic Audit Log pattern. In general, integrating with external systems can be very challenging, due to the complexity of the situation – connectivity issues, asynchronous operations, user errors, etc. These challenges require sometimes re-trying several times, polling the…The Activity Log pattern tracks execution of activities. This is a Dynamics NAV specific implementation of the generic Audit Log pattern. In general, integrating with external systems can be very challenging, due to the complexity of the situation – connectivity issues, asynchronous operations, user errors, etc. These challenges require sometimes re-trying several times, polling the…
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Design Pattern: Observer

Microsoft Dynamics NAV has the built in ability to track all record changes against any table, however it does not always fire the triggers for every table. But with the Observer pattern, you can track all record changes against a defined table or set of tables. This pattern is a good example of how classic…Microsoft Dynamics NAV has the built in ability to track all record changes against any table, however it does not always fire the triggers for every table. But with the Observer pattern, you can track all record changes against a defined table or set of tables. This pattern is a good example of how classic…
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Coffee Break: Use the PowerShell Runner Add-In

In this post we will look how to run your Windows PowerShell scripts using your favorite application: Dynamics NAV . This can be done using .NET Framework libraries, but Microsoft Dynamics NAV 2016 also released an add-in called PowerShellRunner (found in service add-in folder). Libraries found here can be used to run PowerShell scripts from the…In this post we will look how to run your Windows PowerShell scripts using your favorite application: Dynamics NAV . This can be done using .NET Framework libraries, but Microsoft Dynamics NAV 2016 also released an add-in called PowerShellRunner (found in service add-in folder). Libraries found here can be used to run PowerShell scripts from the…
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Cumulative Update 27 for Microsoft Dynamics NAV 2013 R2 has been released

Cumulative Update 27 includes all application and platform hotfixes and regulatory features that have been released for Microsoft Dynamics NAV 2013 R2. The cumulative update is intended mainly for solutions that are experiencing the problems described in the Knowledge Base article linked to below. However, you are advised to always keep your solution updated with the latest…Cumulative Update 27 includes all application and platform hotfixes and regulatory features that have been released for Microsoft Dynamics NAV 2013 R2. The cumulative update is intended mainly for solutions that are experiencing the problems described in the Knowledge Base article linked to below. However, you are advised to always keep your solution updated with the latest…
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