As we all know, the Microsoft ERP system is the best ERP system because it is scalable, flexible, and easy to use. Nowadays, many businesses are looking for the best Microsoft ERP system to help them manage their operations more effectively. But with so many different ERP systems solutions by Microsoft, it can be tough to know which one is right for your business.

Most of the time our clients, especially those who call us for a free consultation, ask the first question How to Find the Best Microsoft ERP System for my business? As Microsoft offers so many solutions that we think are suitable for our business.

To help you make the best decision for your company, we’ve compiled a list of all the Microsoft ERP systems released in July 2022. We’ve considered factors like features, combinations, and how to use them for your specific business. It will help you to understand Microsoft Eco-System in a better manner. Furthermore, it will give you a rough idea of the most suitable ERP for your business.

Microsoft ERP System

Wait! Before We Start…

Now, to understand the most suitable Microsoft ERP System for your business, you may have visited many blogs, videos, articles, etc. Right? You may have seen Dynamics AX, Nav, and SL. But we would like to tell you that these are all old versions of Microsoft ERP Systems. Furthermore, Microsoft keeps updating its ERP ecosystem. It makes users’ businesses more reliable, competitive, and robust.

Previous Versions of Microsoft Dynamics 365 ERP

Microsoft ERP System

1) Microsoft Dynamics AX:

Now, it has been renamed Dynamics 365 Finance. It has helped businesses automate and optimize their processes on-premises, in the cloud, or through hybrid deployment. The last version of Microsoft Dynamics AX was released in the year 2012.

2) Microsoft Dynamics SL:

It is a Microsoft ERP System product for project-driven small and medium-sized enterprises. Moreover, it helps businesses manage finance, project accounting, manufacturing, field services, supply chain management, analytics, and electronic commerce. However, on January 9, 2024, Microsoft will stop providing mainstream support for Microsoft Dynamics SL 2018, which was released in 2018.

Microsoft is giving alternatives such as Dynamics 365 Project Operations, Dynamics 365 Intelligent order Management, and Dynamics 365 Supply chain Management.

3) Microsoft Dynamics NAV:

Microsoft has renamed Microsoft Dynamics Nav Upgrade as Business Central. Its last version was released in the year 2017. Now it has more advanced cloud technology that makes businesses get one step ahead of the competition.

4) Dynamics GP:

It is a mid-market business accounting solution that uses Microsoft SQL Server to store data. And it is and it is part of the Microsoft Dynamics suite of intelligent business applications. However, it is an old application and Microsoft will not deliver any new updates, but Microsoft has made it clear that it values all its GP customers and isn’t forcing any company to move from GP.

5) Dynamics On-premises Product Segments:

It was a combination of POS, Retail Management Systems (RMS), FRx, and Forecaster that was used to help businesses with budgeting and reporting.

Now, Microsoft is delivering alternate Microsoft ERP systems for product segments.

Old Products by MicrosoftNew Alternatives by Microsoft
Microsoft Dynamics AXDynamics 365 Finance
Microsoft Dynamics SLDynamics 365 Project Operations Dynamics 365 Intelligent Order Management
Microsoft Dynamics NAVDynamics 365 Business Central
Dynamics on-premises product segmentsDynamics 365 Commerce

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Get ready for the Future & Choose Industry Specific Microsoft ERP System

Microsoft ERP System

As the business world changes, so too do the technologies that businesses rely on that need to be changed. Microsoft ERP systems are no exception. In recent years, Microsoft has made a number of changes to its ERP offerings, and more changes are likely on the horizon.

For businesses, it’s important to stay ahead of the curve and choose an ERP system that will meet their future needs. But with so many options on the market, how can businesses know which system is right for them?

The answer lies in industry-specific Microsoft ERP systems. Microsoft is now more focused on delivering industry-specific ERPs. These systems are designed for businesses in specific industries, and they offer some benefits that generic ERP systems simply can’t match.

Let’s see the latest Microsoft ERP systems and their features and which ERP System is most useful for which industry.

1) Dynamics 365 Finance & Supply Chain Management

Microsoft Dynamics 365 Finance & Supply Chain Management is a Microsoft ERP system. Specifically made for medium to large organizations. Both systems were released in November 2016, initially named Dynamics 365 for Operations. In July 2017, it was rebranded to Dynamics 365 for Finance and Operations.  In the year 2020 Microsoft Rebranded and split it into two products:

  • Dynamics 365 Finance.
  • Dynamics 365 Supply Chain Management.

A) Microsoft Dynamics 365 Finance:

Microsoft Dynamics 365 Finance is a cloud-based financial management system that enables organizations to automate and streamline their financial operations. The system includes features for accounts receivable, accounts payable, cash management, and general ledger. Additionally, Microsoft Dynamics 365 Finance offers data integration and reporting capabilities.

Features & Modules That make Dynamics 365 Finance the best choice for your business:

Revenue RecognitionAccounts PayablePower Apps Mobile Support
Credit managementCash and bank managementFinance insights
IntercompanyCredit and collectionsMobile offline
TreasuryCost managementMicrosoft Data verse support
Organization administrationFinancials embedded Power BISubscription billing
Accounts receivableConsolidationsGlobalization Studio
BudgetingGeneral ledger –
Audit workbenchTax –

Suitable for the following industries:

  • Banking
  • Professional Advisory
  • Wealth Management
  • Mutual Funds
  • Insurance
  • Stock Market
  • Treasury/Debt Instruments
  • Tax/Audit Consulting
  • Capital Restructuring
  • Portfolio Management

B) Microsoft Dynamics 365 Supply Chain Management:

Microsoft Dynamics 365 Supply Chain Management is a cloud-based system that helps organizations manage their supply chains more effectively. It includes a suite of tools that help organizations track and manage inventory, shipments, and other aspects of their supply chain. Additionally, Microsoft Dynamics 365 Supply Chain Management integrates with other Microsoft systems, such as Azure and Power BI, to provide a comprehensive view of an organization’s supply chain.

Dynamics 365 Supply Chain Management Features that enable the business to get a boost:

Asset ManagementProcurement and SourcingTime and Attendance
Master planningService managementMixed Reality integration
Inventory visibilityCost allocationSelf-service portal
Retail headquarters managementSales and marketingVendor collaboration
Transportation managementQuestionnaireEngineering change management
Inventory managementProject management and accountingScale Unit Manager
Production controlWarehouse managementRebate management
Product information managementDistributed hybrid TopologyEmbedded Teams collaboration

Suitable for the following industries:

  • Vendors
  • Warehouses
  • Transportation companies
  • Distribution centers
  • Retailers
  • Consulting
  • Logistics sector
  • Producers

Looking for an Industry-Specific Solution? Talk with our Experts for Free

C) Dynamics 365 Project Operations:

Dynamics 365 Project Operations is a new Microsoft ERP system released in October 2020. It is an evolution of the existing project management and accounting modules inside Dynamics 365 Finance as well as the previous Project Service Automation (PSA) solution from Microsoft.

Features & modules of Dynamics 365 Project Operations that make it more robust:

Project Sales ManagementBillingTime and Expense Management
Project accountingProject contracts managementClient management
Modern approvalsRequirements managementTeams collaboration
Subcontractor ManagementRevision and activation of quotesExternal Project Operations planning
Inventory-based projectsResource planningComprehensive project operations
Invoice summary pageSchedule tableUpgrade from Dynamics 365 PSA
Price list managementOffer management –
Microsoft Project integrationLead management –

Suitable for the following industries:

  • Agriculture; plantations; other rural sectors business
  • Basic Metal Production
  • Chemical industries
  • Construction
  • Education
  • Financial services; professional services.
  • Food; drink; tobacco Industry.

Read More: What is an ERP Consultant & How to Choose the Best Consultant?

D) Dynamics 365 Commerce:

In this year I.e in April 2022 Microsoft released Dynamics 365 Commerce ERP. The latest offering in the Dynamics 365 portfolio is the Microsoft Dynamics 365 Commerce, an omnichannel eCommerce Microsoft ERP system that allows you to connect physical and digital stores, track customer behaviors and requirements, deliver personalized experiences, engage with your customers seamlessly across channels, improve your operations and resource management, and gain holistic insights to upscale your business.

Features of Microsoft Dynamics 365 Commerce that give wings to fly your online business:

AI Product RecommendationAssortment ManagementCloud POS & Modern POS
Digital commerceInventory movement between in-store locations from POSReplenishment management
Fraud protection integrationCustomer segmentation and targetingDirect fiscal integration from POS
B2B & B2C e-commerceProduct categoriesOnline stores
Stores managementEmployee managementRetail HQ
Shift managementRetail serverMicrosoft Teams
Omnichannel excellenceCloud scale unit –
Dynamics 365 Commerce app marketplaceLoyalty management –

Suitable for the following online business:

  • E-Learning
  • Retail
  • Grocery
  • Food delivery
  • Rental

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E) Dynamics 365 Human Resources:

Microsoft has rebranded Dynamics 365 Talent as Dynamics 365 Human Resources, effective in February 2020, with plans to re-focus its product roadmap toward HR and away from the talent and hiring-related needs that LinkedIn also offers.

Features of Dynamics 365 Human Resources that enable a business to manage people seamlessly:

People ManagementEmployee and Manager Self-servicePerformance Management
Task managementEmployee developmentLinkedIn integration
Compensation management Organization and personnel managementSkills management
ComplianceEmployee transfer management –
Intelligent talent managementPersonal management –
HR programs optimizationBenefits management –
Alerts managementIntegration with learning management system providers –
Leave and absence managementBusiness processes management –

Suitable for the following industries:

  • Recruiting agency
  • Online coaching classes
  • Payroll Business
  • Virtual HR consulting
  • Corporate Coaching Business

Read More: Dynamics 365 Business Central Pricing: Pricing Guide

F) Dynamics 365 Business Central: The Best Microsoft ERP System

An upgraded version of Dynamics NAV, Microsoft Dynamics 365 Partners is a cloud-based Microsoft ERP system that helps businesses manage their finances, operations, and customer relations. It is a part of the Microsoft Dynamics 365 suite of business applications. Business Central includes features such as financial management, sales, and marketing management, customer service management, and project management. It also offers a team collaboration module, which allows businesses to coordinate their work and communicate with each other in real time.

Features & Modules of Business Central that make it the best choice for any type of business:

Bank and Payment ReconciliationsTreasuryMicrosoft Power Platform Integration
Warehouse managementInventory managementMicrosoft Teams integration
Production management › AnalyticsPlanning functionalityShopify connector
XBRLAccounts receivableFixed assets
Task management › Service managementBudgetingOutlook add-in
Finance managementProject managementAssembly management
Self-service portalHuman resource managementWorkflow Management
Accounts payableCRM –

All types of industries can use Business Central as it is specifically made for small & mid-sized Enterprises. Moreover, Business Central is popularly used as a Manufacturing and Retail ERP Software.

Read More: Microsoft dynamics implementation partners Plan & Roadmap

The Key Takeaway

As a business owner, you know that a Microsoft ERP system is a vital part of your company’s infrastructure. As Microsoft offers so many different products, how do you know which one is right for your business? The Answer is Ask experts & choose industry-specific solutions.

You should not rush into a decision on a new ERP system because it will have an impact on your company for the following ten years. Simultaneously, the time required to upgrade or do a new ERP selection to ERP implementation is typically 18 months. We as Certified Microsoft Dynamics Partners can help you with that.

To learn more, please call (+971) 4359-1588 or click here to schedule a time to speak with one of our experienced consultants.

Wish to Start a 30-day Free Trial for Business Central Today?