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5 Ways Evolvous Uses Dynamics 365 Business Central to Reduce Operational Costs - Evolvous

5 Ways in Which Dynamics 365 Business Central Can Help 

In today’s competitive world, success in business depends on how efficiently you manage your costs. Cutting down on costs not only allows you to price your offerings more competitively and increase profitability, but it also frees up resources that can be utilized for growth. Today, businesses, both large and small, are using technology to make their processes more cost-efficient, without compromising on the quality. Dynamics 365 Business Central is one such powerful application designed by Microsoft to help businesses get more productive and efficient. 

At Evolvous, we have used the unique capabilities of Microsoft Dynamics 365 Business Central to help businesses from diverse industries in cutting down their operational costs. Here we will look at 5 ways in which our solutions can help a business like yours be more cost efficient. 

Looking to Explore Dynamics 365 Consulting Services? At Evolvous, not only do we offer solutions based on Dynamics 365 business central, but our services also leverage individual components like Dynamics 365 Sales, Marketing, Finance and the like. Click here to know more about our entire range of Dynamics 365 consulting services. 

Common Reasons Why Spend a Lot on Operations 

As a certified Microsoft consultant in Canada, we have seen businesses investing more than they should on their operations. Here are some of the most common reasons. Your business, like many others, might be spending more for one or several of the following reasons: 

  1. Too Much Human Involvement: Human resources are the most expensive. So, you want your team to focus on activities that really matter. However, it is often found that teams spend most of their time doing repetitive tasks like data entry, reporting, or sending emails. These tasks consume a lot of work hours, driving up the time and money spent on completing projects. 
  2. Lapses in Inventory Management: Poorly planned and executed inventory management strategies often lead to overstocking or stockouts. These, in turn, lead to increased carrying and warehousing costs.  
  3. Lack of understanding the customer: Businesses often look at market trends, rather than focusing on the individual customer. Since you do not realize what the customer wants, you end up trying out a lot of different strategies which increase customer acquisition costs. 
  4. Inability to Predict Trends: Your business might generate a lot of data daily. This data can be used to predict trends more accurately. However, most businesses simply lack the technology that allows them to gain insights from the data and make accurate predictions. 
  5. Unnecessary Spending on Licensing Costs: Now, many businesses realize these issues and hence, they get multiple applications to solve them. This approach often creates more problems. You must invest in additional workforce and even get multiple licenses, which in the end drives up operational costs. 

Dynamics 365 Business Central can offer you a simple and effective solution to all the issues mentioned above. Let us see how. 

Have a Different Problem? We would be happy to listen to you and help you discover ways our customized solutions can overcome those specific challenges. Contact us today to speak to our Dynamics 365 Business Central partner. 

5 Ways Evolvous Uses Dynamics 365 Business Central to Reduce Operational Costs 

At Evolvous, our advantage lies in our ability to understand your specific challenges and then develop and deploy simple yet effective solutions. Here are some of the ways in which we use Microsoft Dynamics 365 Business Central to optimize operational costs: 

  • Automating Processes 

Does your business spend a lot of time on tasks like creating invoices & purchase orders, filing reports?  D365 Business Central helps you to automate such critical processes, yielding substantial operational cost savings. 

At Evolvous, not only do we help you automate such repetitive tasks, but we also help in automating processes like resource allocation. This helps you allocate resources efficiently, with the objective of optimizing costs. Our team will analyze your existing processes and design custom workflows that allow you to get the work done more efficiently, without requiring extensive human involvement. We will also provide you with user training, to enable faster adoption. 

Did You Know? Dynamics 365 Business Central is not the only way you can automate critical processes. At Evolvous, we also leverage Microsoft Power Automate, SharePoint workflows, and Power Apps to automate a wide range of processes. Visit our Robotic Process Automation (RPA) page to find out more. 

  • Optimizing Inventory Management 

Dynamics 365 has the potential to radically improve your inventory management, leading to significant cost savings. It allows you to monitor your inventory in real time, therefore optimizing stock levels, preventing overstocking or shortages. You can also automate reorder points, streamlining procurement, tracking inventory movements, and minimizing carrying costs. 

 We configure the application to meet your unique inventory needs. We analyze the data, configure parameters so that you can utilize the inventory management tools to their fullest potential, reducing costs and with improved demand forecasting, you can plan inventory more efficiently to meet future demand. 

  • Improving Customer Relationship Management 

As said before, understanding the individual customer might be more effective than looking at market trends. With D365 Business Central, you can centralize customer data, getting an instant view of their interactions, preferences and needs. This data enables you to personalize future interactions, streamline communication and resolve issues more effectively. This reduces customer acquisition costs as you will be able to determine exactly what is needed to acquire and/or retain the customer. 

Our team of Microsoft Dynamics 365 Business Central experts will help you optimize workflows, minimize response times, and achieve cost-effective and high-quality customer service. 

  • Enabling More Accurate Forecasting 

Wouldn’t it be nice to have an accurate idea about what the future holds? You will be able to build strategies to capitalize on future growth opportunities. As a system, Dynamics 365 Business Central helps in analyzing large data sets in real time, offering valuable insights into market trends, inventory demands and fiscal management. 

We will help you to configure dashboards & customize reports, to help you discover insights that you are looking for.  

Integrating Dynamics 365 Business Central with Power BI: You can empower your data forecasting capabilities by integrating Dynamics 365 Business Central with Microsoft Power BI. Since both are designed and developed by Microsoft, they integrate seamlessly with each other. Power BI can be used to build data models that allow you to predict future trends more accurately. Click here to know about how we help with Power BI consulting. 

  • Managing Diverse Activities with One Single License 

To make processes more efficient, businesses often use various software applications. For example, you might be using one application for CRM (Customer Relationship Management) and one for ERP (Enterprise Resource Planning). With Dynamics 365 Business Central, you can combine both those functionalities into one single application. Not only does it make operations simpler, but it also helps you to save on costs as you do not have to invest in multiple licenses or service subscriptions. 

At Evolvous, we will help you with identifying the processes that can be unified under the Dynamics 365 Business Central application. Our team will also work towards integrating D365 Business Central with other Microsoft products and third-party applications that you might be using. This streamlines processes and at the same time, it reduces IT infrastructure costs. 

GET COMPLETE DYNAMICS 365 BUSINESS CENTRAL SOLUTIONS FROM EVOLVOUS 

At Evolvous, we help you identify the specific business processes that can be digitally transformed with Dynamics 365, giving you increased productivity and a higher ROI on your IT investment. Contact us today and get started today on your path towards higher efficiency. 

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