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 Microsoft market, including Dynamics AX, is expected to experience significant growth. The Compound Annual Growth Rate (CAGR) for the market is projected to be 12.2% from 2023 to 2033. This growth is driven by the increasing implementation of D365 and cloud-based platforms across various industries. In comparison, the broader Enterprise Resource Planning (ERP) software market is anticipated to grow at a slightly lower CAGR of 9.1% over the same period.
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.
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
Benefits of Microsoft Dynamics AX Customization for Various Industries
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.
The app for retail allows retail businesses to automate and integrate all business processes, including POS-terminal management, finance, logistics, merchandising, control store, and service.
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.
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.
Project Management
Apps equip businesses with tools and applications that simplify project management. Whether it’s project controls, supply chain integration, or an end-to-end financial overview, D365 allows you to prioritize tasks, resolve issues, and make important decisions to drive your project forward.
Financial Management
Microsoft Dynamics AX solutions 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.
HR Management
The Human Resource Management capabilities in AX ERP afford businesses the strategic tools needed to develop and manage human resources. You can perform varied functions such as staff administration, employee management, compensation, payroll, benefits, safety, and training. The ERP’s recruiting functionality has an intuitive and user-friendly interface, which helps to easily track and monitor all the HR-related changes in the organization. You can also manage the entire recruitment process, from the initial application to the interview and eventual employment or rejection.
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, hiring Dynamics AX development solution provider, 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.
Final Words on MS Dynamics AX Solutions
As you can see, Microsoft Dynamics AX solutions are designed to help and support 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.
“The key to a successful project isn’t just about finding the right talent; it’s about creating a dynamic where consultants and in-house teams can collaborate seamlessly.” – Ivan F, Consultants Engagement Manager at HireDynamicsDevelopers.com
Whether you are looking for a Dynamics consultant or a Microsoft Dynamics AX service provider, we are ready to help you upgrade and implement your app. Microsoft AX Solution providers us will also ensure you get the most out of your solution by helping you define your TCO model, as well as offer training and long-term support.