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Microsoft Dynamics AX Solutions for All Industries
Updated: December 3rd, 2024 by Ivan Farafonov
Every entrepreneur running a small business faces the tough decision of determining how to manage the operational processes. During the initial stages, you may start with basic accounting packages. However, as the company expands, the need for a more comprehensive system to handle the extra baggage starts becoming apparent. At this point, the best option is to supplement the existing system with Microsoft Dynamics AX solutions to handle everything.
Brief Overview of Microsoft Dynamics AX ERP Solution
The global market for Enterprise Resource Planning (ERP) software is projected to experience substantial growth in the coming years. According to a recent report by Technavio, the ERP software market is expected to grow by USD 34.73 billion from 2024 to 2028, with a compound annual growth rate (CAGR) of 10.67% during this period. This growth is driven by the increasing demand for operational efficiency, rising adoption among SMEs, and the growing popularity of cloud-based ERP solutions.
Enterprise Resource Planning systems are designed to consolidate multiple systems, whereby all the scattered data is compiled, stored, and shared via a single system. It is one reason why Dynamics AX has grown to become one of the best cloud-based ERP solutions for small and medium enterprises.
Consider extending your development team with specialized Microsoft Dynamics NAV programmer to enhance your project capabilities.
What Does Microsoft Dynamics AX Portal Solution Offer?
Dynamics AX is a robust ERP that helps small and multinational corporations organize, automate, and streamline their processes. By consolidating all the data and core processes under one umbrella, Dynamics AX makes it a piece of cake to standardize operations, simplify compliance, and gain deep insights.
Core modules include:
- Finance and Operations
- Retail
- Manufacturing
- Supply Chain Management
- Human Resources
- Project Management
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Benefits of Microsoft Dynamics AX Custom Development for Various Industries
Microsoft Dynamics AX Online Store Solution
The e-commerce space has continued to see increased competition and advancements in technology. Today, customers are not only looking for lower costs, easy customization, and quick setup but also other things like social media integration, mobile friendliness, SEO, and a good user experience. Thanks to the Microsoft Dynamics AX eCommerce solution, they may deliver all these things in a single package.
Retail Industry
Over the past few years, the retail industry has undergone major transformations. Worse still, the ever-changing customer behaviors mean that retailers have to look for innovative ways to stay relevant, connect to their audience, and deliver a wholesome shopping experience.
Service Management
Every user is looking for transparent and highly responsive service delivery, and our capabilities help service providers offer reputation-enhancing services that meet and exceed expectations. By using the Service Management module, service providers can easily manage their subscriptions, handle orders, attend to customer inquiries, and gain insights into the effectiveness of their solution delivery process.
Manufacturing
Since time immemorial, the manufacturing industry has been looking for innovative ways to improve productivity against metrics like cost, time, product quality, and inventory maximization. Although globalization has opened new horizons for manufacturing companies, it has also led to the need for in-depth operational insights. The module offers real-time insight into all the manufacturing and supply chain processes, including inventory, production, and warehouse, which helps in effective planning, optimal utilization of resources, and streamlining the production line. Along with that, Role Centers functionality helps organize information, tools, and tasks in a personalized way, allowing workers to manage their work.
Financial Management
Microsoft Dynamics 365 for banking and financial services help financial institutions and everyday businesses automate all the critical financial procedures like accounting, financial reporting, analysis, and cash flow forecasts.
Better yet, the module fully and seamlessly integrates with other functionalities such as project finance, trade, logistics, production, and many others. This connectivity between modules allows you to trace transactions from their origin to their end for immediate verification.
Sales and Marketing
The sales and marketing industry will also love the integrated sales and marketing management capabilities of the Axapta solution. The Sales and Marketing module helps increase sales and improve customer relationships by offering real-time insights into customer’s data, including phone logs and correspondences. By generating all these insights, it becomes easier to identify customer’s needs as well as make informed sales and marketing decisions.
Dynamics AX Implementation Cost
Dynamics AX implementation can be extremely challenging without the help of a specialist. Conservative estimates indicate that 18% of companies overrun their ERP software development budgets by up to 25%. As such, it is critical to know the actual price of the implementation.
Contrary to the popular belief that the cost is strictly limited to the software license, there many are other fees involved. They include modifying your existing infrastructure, Microsoft Dynamics AX custom development, software purchase, implementation, testing, training, and post-implementation support.
With that said, the ratio of the implementation price to the upfront software cost should be between 1:1.5. It means for every dollar you pay for the software, you will spend one and a half dollars for setup. Although this sounds inconclusive, understanding the scope of a project may yield a more accurate estimate.
The process of setting does not follow the straight and narrow path. It is largely pegged on the experience of your experts, the level of customization, the number of users, the level of data to be migrated, and many other factors. As a general rule of thumb, it should take from 2 to 6 months.
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Microsoft Dynamics AX Migration Options – Discover Dynamics 365 Finance Module
The Dynamics 365 Finance and Operations module is like the new and improved version of AX. It offers a modern approach to handling financial tasks. This update makes managing finances easier and more efficient. Let’s look at some of the benefits of this new version.
- User-Friendly Interface: The new Finance module has a simple and easy-to-use interface. This means you can find what you need quickly without spending much time figuring out where things are.
- Security: Security is much better in this version. Your data is protected, and you can feel safe knowing your financial information is secure.
- Better Integration: The module integrates smoothly with other systems. This makes sharing data and working with different tools easier.
- Real-Time Data: You get access to real-time data. This helps you make quicker and more accurate decisions.
- Cost-Effective: Using the new module can save you money. It reduces unnecessary expenses and improves overall efficiency.
Ready to take your financial management to the next level? Contact us to migrate to the new module today and enjoy all the benefits.
Final Words on MS Dynamics AX Solutions
As you can see, Microsoft Dynamics AX solutions are designed to help and provide Microsoft Dynamics AX support services enterprises of different calibers, cutting across all industries. They offer state-of-the-art reporting, integrate daily activities, and consolidate data under an intelligent database, helping improve productivity and achieve greater profitability.
Whether you are looking for Dynamics 365 development services or need a Microsoft Dynamics AX service provider, we are ready to help you upgrade and implement your app. We as Microsoft AX Solution providers will ensure you get the most out of your investment by helping you define your TCO model, as well as offer training and long-term support.
Outline
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Khorolskyi Y.
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