Finance & Operations or Business Central?

 
At Tisski our focus is on understanding and meeting your unique needs. We never start out with a predetermined technology product or solution. Instead, our highly experienced analysts will explore your requirements, processes, challenges, opportunities and preferences to deliver highly tailored recommendations. This informed, consultative approach will remain at the heart of our shared success, harnessing the right technology at the right time to meet your strategic and operational objectives.

Our experts will help you unlock the unrivalled power and flexibility of Microsoft’s cloud products to support your digital transformation. Using the Dynamics 365 ecosystem as a strategic platform, we will identify opportunities to configure and seamlessly integrate complementary solutions that deliver immediate and future value. This includes harnessing elements such as Power Platform to enable self-service analytics, in-house development of custom apps and workflow transformation via RPA (Robotic Process Automation).

The decision to choose Finance and Operations or Business Central can be tricky, the useful guide below highlights some of the key differences between both solutions. For further information on the individual products and our capabilities please select one of the following links:
 

Dynamics 365 Finance & Operations Dynamics 365 Business Central

 

Finance & Operations vs Business Central Comparison table:

 

High Level Requirement Dynamics 365 Finance & Operations Dynamics 365 Business Central
Company Profile e.g.

  • Company Size/Complexity
  • Global footprint
  • Regulatory requirements
  • Language
  • A single F&O instance can manage your entire business operation.
  • Inbuilt localisation packs ensure regional specific regulatory requirements can be met without the need for separate instances to handle language, accounting, tax etc requirements.
  • A single BC instance can manage entire business process.
  • Multiple production environments can be created within the one tenant for each specific localisation required.
Financial, statutory and regulatory compliance
  • The F&O Chart of accounts can be shared across multiple legal entities to support consistent accounting and reporting.
  • Company specific chart of account requirements e.g. for regulatory purposes, can also be handled without impacting the wider accounts structure.
  • Currency setup covering all global currencies is shared across the F&O instance ensuring consistent FX translation and triangulation for multicurrency processes.
  • Line level document approvals provided increased security and governance for your internal business processes to support internal and external audit requirements
  • Enhanced ledger control to streamline period and fiscal year end cycles while maintaining fiscal control
  • Shared master data records across the F&O instances supports data consistency and reduces manual entry
    Fixed Assets module integrated with financials, sales and procurement to manage the full fixed asset lifecycle.
  • The Chart of Accounts is setup and maintained within each legal entity allowing for different structures per company.
  • Account Schedules can be utilised to allow for multiple reporting formats per company.
  • Exchange rates can be independently managed per legal entity without affecting the other legal entities exchange rates.
  • Line level document approval is available for journals. All other documents have header level approval where approval routes can be tailored based on business streams / processes.
  • Each legal entity has their own master data records that can be entered and maintained separately.
  • Business Central has functionality to cover the whole lifecycle of a Fixed Asset from acquisition through to disposal or retirement
Procurement
  • Request quotations for required products and services from your vendors to support the purchase order process
  • Allow your vendors to work with their quotations, purchase orders, invoices and consignment stock directly in your system with vendor collaboration
  • Spending limits and purchase line level approvals ensure all necessary internal and budgetary control requirements can be met on purchase orders before distribution to vendors.
  • You can manage your individual vendor contracts as purchase agreements within F&O allowing you to monitor and control spending, including the calculation of any rebate payments which may arise.
  • Ability to  manually create and process a purchase quote and once accepted convert to a purchase order.
  • Any collaboration with a vendor is done outside of Business Central.
  • Approval User setup is used to define the spending and approval limits. Along with the management hierarchy which identifies the approval chain.
  • No trade agreement or rebate functions exists.
Expense Management
  • Out of the box expenses management provides a simple and efficient work space for users to create and manage their expense claims
  • Expense policies guide users during their expense entry to ensure required information is provided for all expense lines
  • Automatically import Company Credit card transactions to ensure timely and accurate recording of your corporate card spending
  • Ability to post expenses to the employee ledger and process payments for them. Business Central does not provide a full expense solution that includes submission, approval and receipt attachments. Such functions are done outside of Business Central using third party applications or by creating a PowerApp to carry out the process.
Supply Chain
  • A fully integrated warehouse management module that supports manufacturing, distribution and retail requirements.
  • Extensive pick and put away functionality including cluster picking, wave picking etc as well as built in bar code scanning
  • PreBuilt warehousing app available for android ,windows operating systems allows users to performs all warehousing operations on an easy to ready task focuses screen.
  • Transport Management module to manage inbound and outbound transport activities and determine transportation rates and charges to inform accurate product pricing or customer billing.
  • Extensive warehouse management functionality available including picks and put-aways inside or between warehouses.
  • 3rd party Automated Data Capture Systems (ADCS) provide communication with Business Central and certain handheld devices such as barcode readers, via web services to register movement of items in a warehouse.
  • Business Central uses simple transfer routes to specify the movement of inbound and outbound activities.
Asset Management
  • Fully integration asset management solution
    Manage and maintain assets e.g. vehicles building, production equipment etc, with service and maintenance plans
  • 3rd party integrations available for EAM
Manufacturing
  • Extensive production management and control module to support discrete, process and lean manufacturing operations
  • Drag and drop Gantt chart production planning tool empowering production planners to optimise the production schedule
  • Powerful MRP to manage raw materials, inventory, production etc across the solution factoring in any inter company requirements
  • Flexible quality management module to automatically apply quality control procedures, ensure accurate inventory quality status’ and perform qualitative and quantitative testing.
  • The Planning Worksheet can be used to optimise your material requirement planning based on supply and demand
  • Production Orders allow companies to consume materials, time and resources giving accurate unit cost for the finished goods.
Project Management
  • Integrated project management and accounting module to effectively track resource allocation including time, expenses and stock consumption.
    Contracts and invoicing provide billing functionality when collaborating with external parties.
  • Jobs allows business to manage their projects by scheduling tasks, resources and other activities. It also provides the ability to budgeting, forecast, report on WIP and customer billing.
Reporting
  • Out of the box Financial report writer to produce key statutory financial reports (Balance Sheet, P&L etc)
  • Suite of embedded BI reports provide comprehensive and intuitive dashboards and KPIs for a range of organisational roles
  • Extensive selection of inquiries and reports e.g. cashflow, aged balances etc provide management information across the solution
  • Out of the box Account Schedules can be used to produce key statutory financial reports such as Balance Sheet and Income Statement.
  • Power BI reports can be embedded within the users Role Centres to provide comprehensive and intuitive dashboards based on the job roles
  • Extensive selection of inquiries and reports such as cashflow, aged balances to provide management information across the solution
User/Licensing Requirements
  • A minimum of 20 fully licensed users is required for Finance & Operations
  • There is no minimum licencing requirement for Business Central.


For further details on the Tisski’s Microsoft ERP offering and capabilities please select one of the following links:
 
Dynamics 365 Finance & Operations Dynamics 365 Business Central