Every organization, large, medium or small, has certain data that needs to be maintained using a peculiar approach. Sometimes it is easier to manage manually. However, if it becomes bulky, it needs to be managed with the right software. Data organization streamlines business operations and improves the customer experience; thus helping to top the charts in a competitive market. Here comes the role of the ERP that deals with all resources effectively. Let’s get an idea about ERP and Dynamics AX.
What is ERP?
ERP i.e. Enterprise Resource Planning is a business management software or commonly known as an array of integrated applications. Companies usually take the help of ERP software to collect, store, organize and interpret data from various business activities. These activities include:
- Planning, cost and product development
- Manufacturing and provision of services
- Marketing and sales
- inventory management
- shipping and payment
What is DynamicsAX?
It is an ERP solution and part of the Microsoft® Dynamics family. It helps people manage business changes and manage data effectively, helping companies stand out in the domestic and international market.
Dynamics AX streamlines financial and supply chain processes. It is easily adaptable in any work environment; delivers the work with perfection; and conclude business decisions with confidence. This ERP solution helps to operate in various locations and countries by using its standardized processes. It also provides visibility across organizations and simplifies complicated tasks.
Why use Dynamics AX?
Microsoft® Dynamics empowers organizations to work according to the needs of the industry and implement competent business management strategies. It extends to almost all functional areas due to its outstanding features. Here are some key areas that make it worth being labeled as one of the best ERP software:
- Improve productivity: It helps make smart, insightful decisions that drive faster deployments. It is a familiar and manageable software that allows access to duly measured information.
- Manage change and growth: It calibrates business systems and suitably adapts them to processes. It also monitors change and growth scenarios in the market such as new product launches or mergers and acquisitions.
- Compete globally: It acts as a unified ERP solution that standardizes processes, gains visibility, and manages the complexities of global organizations.
- Simplify compliance: Stay ahead of regulatory compliance by reducing risk and liabilities tied to customer initiatives and corporate governance.
Some features that make Dynamics AX 2012 a highly robust ERP solution:
- high flexibility
- Visual Studio integration
- Drag and drop functionality
- Microsoft® Office look and feel
- Uniform and compact visualization repository
- Integrated development environment
- Helps organize projects and track custom apps
Architecture:
A good understanding of ERP architecture helps users make the right decisions when planning and developing a system based on Microsoft® Dynamics AX. Below are the different architectures of this ERP tool:
- System architecture
- Application Object Server (AOS) architecture
- Application file server architecture
- Client core architecture
- Business connector architecture
- Application integration framework architecture
- Enterprise portal architecture
- Report server architecture
Specialized ERP Solutions
Dynamics AX Finance:
This tool from the Microsoft ERP family explains the fundamentals of the financial components of Dynamics AX 2012. By implementing Financial Management concepts, organizations can maintain General Ledgers; keep track of accounts receivable, accounts payable and fixed assets; and consult Expense Management and Banking Management.
Tea Dynamics AX Finance The tool helps organizations work faster by using secure accounting, financial reporting and analysis procedures. This specialized tool gives access to Financial Data to improve the efficiency of the different accounting processes.
Benefits:
- Ensure regulatory compliance and expand business beyond borders.
- Improves the functioning of Financial Operations
- Enable strategic planning
- Manage cash flow effectively
- Provides a deep understanding of financial matters.
- Improves the ability to make sound decisions quickly
Dynamics AX Trade and Logistics
Trade & Logistics, another specialized tool, helps organize the base of the supply chain, manage distribution and trade, and maintain bills of materials (BOMs). It also provides a comprehensive view of purchase orders, product information, lot and serial numbers, inventory reports, and sales orders. Helps manage inventory with special inventory forecasting, controlling, sorting, and tracking functionality to create an efficient bill of materials.
Benefits:
- Optimizes inventory levels by matching customer supply and demand
- Improve inventory management and item tracking.
- Improve material requirements planning.
- It helps to quickly create BOMs and use the graphical BOM designer.
Dynamics AX 2012 is a powerful tool that helps organizations maintain manufacturing and distribution records. Additionally, it acts as a platform for end-user business solutions, including fully integrated financial management solutions.
In order to use this AX tool in a way that helps companies achieve their short-term and long-term goals, candidates must opt for a formal training program. This will equip them with the latest versions, best practices and everything relevant to their professional performance.