Forbes Advisor, a website owned by Forbes Media LLC which aims to give unbiased rankings and information to help users make informed decisions about their business, has recently named Microsoft Dynamics 365 Business Central as the best overall ERP System.
Forbes Advisor evaluated more than 20 of the top ERP system suppliers to identify the best options available on the market, eventually reducing the field to the top 16. These were then examined using a total of 25 distinct measures, dividing them into five main groups. Next, they assigned a weight to each of the broad categories according to what businesses care about most.
What Metrics Was Microsoft Dynamics 365 Business Central Judged On?
The metrics they used to evaluate the top ERP systems were:
Pricing 10%
The top ERP solutions are reasonably priced and provide excellent value for the money. Forbes Advisor therefore took into account the cost as well as contract durations, scalability, and the availability of risk-free trials and money-back options.
Key Features 30%
They focused on the essential elements that are most important to companies looking to purchase an ERP system. For instance, the systems’ accessibility through cloud computing, on-premises ERP, accounting, warehouse management, real-time updates, reporting, and analytics, as well as software integrations for optimal flexibility.
Unique Features 20%
There are distinctive characteristics that every top ERP system has to offer in addition to the essential features. Automation, financial and budgetary management, supply chain management, forecasting, CRM capabilities, human resources functionality, and features tailored to the demands of manufacturers are some examples of these.
Third-party Ratings and Reviews 10%
Forbes looked at user evaluations and ratings from third parties to gain a better picture of what actual users thought of the systems. To make sure the rating is representative of a wide range of users, this metric took into account not just the average ratings across many rating sites but also the quantity of reviews each supplier has.
Expert Score 30%
The final metric took into account the personal experience and knowledge of the reviewer. Qualitative indicators like value for money, usability, support quality, and popularity are taken into consideration to come up with this score.
Microsoft Dynamics 365 Business Central Comes Out On Top
Taking into account all of the criteria above, the reviewers at Forbes named Microsoft Dynamics 365 Business Central as the best overall ERP system, with a perfect 5/5 stars. Forbes cited Microsoft Dynamics 365 being a complete platform that satisfies all business management requirements. The review commented that the system offers a plethora of tools to assist in managing key functions, such as supply chain management, finance, customer support, marketing, sales, and human resources.
They also mentioned that although Microsoft Dynamics 365 Business Central was created especially to address the particular requirements of small and medium-sized organisations, Microsoft’s ERP offers a wide range of applications. It is scalable and reasonably priced, making it suitable for expanding companies that expand quickly.
What are the Pros and Cons of Microsoft Dynamics 365 Business Central?
Pros
Forbes cited the Pros as being its ability to be implemented as an on-premises or cloud-based system, that it includes a mobile app that lets professionals set projects, make notes, and manage their time while they’re on the road. Additionally, customers may manage their projects and obtain a comprehensive overview of their sales and project profitability using its accounting and analytics tools. It also connects to Microsoft products with ease.
Cons
The arguments against Microsoft Dynamics 365 Business Central were that that there isn’t a free plan, although there is a free trial available, so you have to choose whether to buy it after the trial period. Forbes also cited a lack of CRM tools as a drawback, although if a user wanted comprehensive CRM functionality, then that is available through Microsoft Dynamics 365 Sales.
Overall, Forbes praised Microsoft Dynamics 365 Business Central’s ease of use, security and customer service and support, and commented that it being a Microsoft application, it’s tight integration with Office 365 and other commonly used Microsoft productivity tools was a clear advantage.
You can read this article here: Best ERP Systems Of 2024 – Forbes Advisor
For the full review of Microsoft Dynamics 365 Business Central, look here: Microsoft Dynamics 365 ERP Review (2024) – Forbes Advisor
What is Forbes Advisor?
Forbes Advisor is a financial advisory service offered by Forbes Media LLC. They provide unbiased rankings and information to help users make informed decisions about their business. They accomplish this through a combination of product data, strategic methodologies, and expert insights. Their editorial team is independent and objective and their recommendations are not influenced by any compensation they receive from advertisers. Forbes Advisor earns revenue through affiliate links and paid placements on their website.
Want to know more about Microsoft Dynamics 365 Business Central?
Synergy Technology is proud to be a Microsoft Gold Partner and to offer Microsoft Dynamics 365 Business Central solutions across the UK. We also offer support and integration with a number of other platforms.
Find out more by visiting our add-ons and integrations page, call us today on or visit our contact page to send us an email.
