Microsoft Dynamics NAV Review

Microsoft Dynamics NAV provides finance and accounting solutions for tracking and analyzing business information with end-to-end integration, accounts payable and receivable, general ledger, fixed assets, inventory, cash flow, and analytical accounting. Microsoft Dynamics NAV also assists in financial management across different currencies, locations, and companies, ensuring that you can conduct your business no matter where your company offices are located and without worrying about financial compliance and correlation.

With comprehensive and up-to-date financial information, you can spot trends easier, gaining insight into business activities, thus capitalizing on your knowledge and identifying opportunities. Microsoft Dynamics NAV will allow you to monitor fiscal performance, meet regulatory and business requirements, and reduce time and effort spent on accounting tasks. Control and manage the life cycle of fixed assets from their acquisition to their disposal, and maximize cash resources and efficiency with flexible accounts payable capabilities.

Microsoft Dynamics NAV Key Features

  • Basic General Ledger (includes one user)
  • Basic XBRL
  • Business Portal Named Employee Users (various ranges)
  • Change Log
  • Basic Fixed Assets – Defines information for an asset and group assets, as well as identifying an unlimited number of depreciation books for each fixed asset, and describes the required depreciation conditions. Also sets up maintenance information and record maintenance performed on fixed assets.
  • Accounts Schedules – Includes more advanced options for selecting what to display in row/column combinations, such as showing debit amounts only, or only showing a number when there is a debit balance. New features also make it easier to create cash flow statements as well as statutory reports where a specific format is required.
  • Allocations
  • Budgets
  • Consolidation
  • Bank Account Management
  • Bank Reconciliation
  • Check Writing
  • Inter-company Postings – Assist in creating transactions between any two companies within a group controlled by the same legal entity. The Intercompany Transaction report documents all intercompany transactions, simplifies the intercompany reconciliation process, and provides an audit trail.
  • Fixed Assets-Allocations
  • Fixed Assets-Reclassification
  • Responsibility Centers
  • Integration with SQL Server 2005 – Microsoft Dynamics NAV integrates with Microsoft SQL Server 2005 Reporting Services to provide a powerful reporting environment for financial management. Reporting Services is a comprehensive, server-based solution for creating, managing, and delivering both traditional paper-based reports and interactive Web-based reports.
  • Insurance
  • Maintenance
  • Multiple Currencies

Microsoft Dynamics NAV Key Products

  • Microsoft Dynamics NAV 2009

Microsoft Dynamics NAV Select Customers

SunGard, Power Service, Oughtred Coffee and Tea, United Cement Company of Nigeria, Xpress Holdings Ltd, Consulting4IT, Talking Rain Beverage Company, North Sea Group, Bradshaw Group, SaaSplaza, Pacific Torque, Cera Sanitaryware Limited