As we are aware of release of Dynamics 365 in November 2016.
Dynamics 365 for Financials is based on Project “Madeira” which was in public preview in the US and Canada since April 2016.
Dynamics 365 for Financials launched on November 1, 2016 in the United States and Canada, and intends to expand to additional countries in CY2017.
Dynamics 365 for Sales, Dynamics 365 for Marketing, and Dynamics 365 for Customer Service within the Business edition will also be optimized for SMB customers.
Microsoft Dynamics 365 for Financials, Business edition, has launched in the US and Canada! Microsoft Dynamics 365 for Financials is a business management solution that seamlessly connects people and processes.
It’s deeply integrated with Office 365 and includes built-in intelligence. With Microsoft Dynamics 365 for Financials, customers can easily connect their businesses; make better business decisions; and get started quickly, while easily managing growth. From day one, it makes ordering, selling, invoicing, and reporting easier and faster.
Dynamics 365 for Financials is only available as a SaaS offering from Microsoft.
Software as a service is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. It is sometimes referred to as “on-demand software”. SaaS is typically accessed by users using a thin client via a web browser.
With intelligent business applications across CRM and ERP, Microsoft Dynamics 365 gives you choice.
Start with just what you need to run your business and delight your customers.
Say start with Financials.
And then add apps as your needs change.
In short evolve your business on your terms.
You can add more apps from AppSource as required for selected Products, Categories or Industries.
Each application solves real problems and delivers real value. But combine them and you get the power and possibilities to transform your business.
Dynamics 365 haves 2 Editions:
Dynamics 365, Enterprise edition is optimized for organizations with 250+ employees.
Dynamics 365, Business edition is optimized for organizations with 10 – 250 employees.
Applications available in Business for:
Dynamics 365 for Financials is optimized to meet the needs of SMBs with roughly 10 – 250 employees.
These companies typically need more robust capabilities than the financial and accounting packages they started with, but are not yet ready to make a significant investment in highly customized ERP systems.
Dynamics 365 for Financials capabilities span financials management, reporting, fixed assets, supply chain and inventory management, contact/opportunity management, and project management. It also offers multi-company and multi-currency capabilities.
Applications available in Enterprise for:
- Sales – Turn relationships into revenue with digital intelligence in each deal.
- Customer Service – Earn customers for life with world-class customer service.
- Field Service – Optimize your scheduling and use predictive tools to master the service call.
- Project Service Automation – Create more profitable customer relationships using intelligent tools.
- Operations – Make data-driven decisions for smarter, more efficient operations.
- Marketing – Deliver powerful customer experiences using Adobe Marketing Cloud.
Microsoft Dynamics 365 for Financials is an app in the Dynamics 365, Business edition. Additional apps within the Business edition (Dynamics 365 for Sales, Dynamics 365 for Marketing, and Dynamics 365 for Customer Service) are currently planned to be available in CY2017.
What is the difference between Microsoft Dynamics NAV and Microsoft Dynamics 365 for Financials?
Dynamics NAV is software, available via perpetual, subscription, and/ or SPLA licensing, that can be deployed on-premises or in the cloud and extended using Dynamics NAV Customizations or extensions.
Dynamics 365 for Financials is a new SaaS (cloud – only) service, available only via CSP, which can be extended via apps (validated extensions) in Microsoft AppSource.
Many of the capabilities available in Dynamics NAV will also be available in Dynamics 365 for Financials. However, they will be available in a way that is customer – ready out of the box, so these capabilities may surface differently in Financials than Dynamics NAV.
Microsoft Dynamics 365 for Financials is based on the Microsoft Dynamics NAV platform and several other Microsoft technologies.
It is not compulsory but for seamlessly experience Dynamics 365 for Financials from within Office 365, customers must have an Office 365 subscription that includes Exchange Online.
I will come up with more details in my up coming posts till then keep exploring and learning.