As a business, cost reduction is always in your mind. But you don’t want your cost-cutting strategies to affect your business efficiency and productivity. Since businesses rely on technology, one of the best ways to reduce business costs is to migrate from older, legacy systems to new, advanced cloud-based systems.
If you are a business that has been using Microsoft GP for a long time, migrating to Microsoft Business Central can benefit you immensely in terms of cost reduction and added efficiency.
In this blog post, we look at a few vital ways migrating from Microsoft Dynamics GP to Business Central can help your business reduce costs and improve profitability.
Let’s get started.
What Is Microsoft Dynamics GP?
Microsoft Dynamics GP is an enterprise resource planning (ERP) or business accounting solution that helps businesses manage vital activities like projects, finance, supply chain, etc. It is primarily an on-premise system with limited cloud support and is suitable for small and medium-sized businesses.
It offers a plethora of resource management modules for businesses in any market, such as:
- Manage accounts receivables, payable, fixed assets, and cash flow.
- Oversee projects and associated costs and allocate resources.
- Manage the human resources of the business and its payroll.
- Analyzing data and creating reports for insight generation.
- Manage and streamline the flow of materials and goods.
- Track, manage, and optimize inventory regularly.
What is Microsoft Dynamics 365 Business Central?
Microsoft Dynamics 365 Business Central is a cloud-based comprehensive business management solution for small and medium businesses from Microsoft. It offers a range of features to help enterprises manage their operations, finances, services, sales, and more.
It offers diverse modules to manage and oversee the following activities in a business:
- Accounting, financial reporting, and budgeting
- Customer management and customer support
- Inventory and warehouse management
- Project and resources management
- Sales and order management
Financial Benefits of Migrating to Microsoft Business Central from Dynamics GP
Although both solutions help businesses manage their operations, Dynamics GP is limited due to its on-premise dependence. That’s why migrating to Business Central is ideal for companies looking to cut costs and improve efficiency.
Check out some of these benefits here:
It helps you reduce infrastructural costs.
Dynamics GP often costs a lot more than Business Central. You must invest in on-premises servers and hardware for Dynamics GP to work. In addition, you must also manage the expenses of initial purchase and ongoing maintenance, upgrades, updates, etc., after installation. These systems are on-premises and need a lot of energy, increasing overall costs.
On the other hand, a cloud-based system like Business Central is hosted on the cloud, instantly eliminating the need to buy, maintain, and support costly hardware.
You also do not have to worry about taking data backups and other security measures since the cloud service provider would already handle it.
It reduces IT maintenance and support costs.
When you have a lot of hardware and servers on-premises, you need to have a lot of technicians and teams working on them to ensure they perform optimally. And this can cost a lot of money and resources for your business. This is what happens with the on-premises solution, Microsoft Dynamics DP.
On the other hand, Business Central is a Software-as-as-System or SaaS, which offers ongoing support and maintenance as part of its service agreement.
You also do not need to invest vast amounts upfront, as these solutions are available on subscription plans.
It is flexible and scalable.
As your business grows and its requirements increase, you can expand the subscription to Business Central with additional services, features, and support you need. And you can do it all without doing anything on your end.
All you need to do is upgrade from a lower plan to a higher one that offers more features and supports your business’s current needs.
This is impossible with Dynamics GP, as it is more hardware and server-dependent. If you want to make changes, you must upgrade the servers and hardware, which is complex and expensive.
It offers better security.
As a cloud-based solution, Business Central offers better data security and backup solutions. This ensures your data is secure and has backups at different servers maintained by the service provider.
This is not possible with Dynamics GP as they are on-premises. Your data is stored on local servers with the security systems you install.
Any compromise on access control and system integrity may cause data loss. And if you don’t have an adequate backup strategy, you may permanently lose your business data.
It offers automatic updates and innovations.
Business Central constantly offers automatic updates and innovations to improve and advance its service offerings. These updates are developed and managed by service providers and pushed to your account via air. This enables you to get automatic updates and innovative technologies without taking any action from your side.
At the same time, making upgrades and changes to your on-remises systems like Dynamics DP takes a lot of time, planning, and money. You must invest in different teams to plan, develop, implement, and monitor the updates to ensure they work as intended.
Hence, Dynamics DP can be significantly costlier than Business Central in terms of money and time to update and innovate.
Choose the Right ERP Consulting Agency for Migration
Migrating from Microsoft Dynamics GP to Business Central can significantly reduce costs while improving efficiency, security, and scalability. However, a successful migration requires careful planning, execution, and ongoing support to ensure minimal disruptions to business operations.
To maximize the benefits of Business Central, it’s crucial to work with an experienced ERP consulting agency that understands your industry, business requirements, and long-term goals. A skilled consulting partner can assess your current ERP setup, create a tailored migration strategy, and provide training and support to help your team transition smoothly.
Big Bang, a leading digital consulting company, has extensive experience assisting businesses with ERP migrations, ensuring a seamless transition to Business Central. With a team of ERP experts, Big Bang helps organizations implement best practices, optimize workflows, and unlock Business Central’s full potential. Beyond just implementation, Big Bang provides ongoing post-migration support, ensuring that your business continues to operate efficiently while leveraging Business Central’s capabilities.
With expert guidance from Big Bang, your organization can future-proof its ERP system, enhance decision-making with real-time insights, and unlock new opportunities for growth and cost savings. If you’re considering a migration, now is the time to take the next step. Partner with Big Bang to make your transition seamless and position your business for long-term success.
