Microsoft Dynamics 365 Business Central provides an ideal platform for managing your retail business.
The Retail sector has always been very competitive. However the challenges many retail businesses face is perhaps unprecedented.
We see many retailers that are still using fragmented software applications to manage their core business functions. From what we have seen this almost always results in lower levels of effectiveness and efficiency. However, many IT and Finance officers in the retail sector prefer to just make do, rather than move their businesses forward, and replace what are now outdated IT systems.
IssuesOutdated architecture – many retail operations have an outdated architecture that is inflexible and rigid. This inflexibility and rigidity poses a challenge to the business efficiency. Today’s business environment demands real time adaptability from your software systems right across the business. This is where Microsoft Dynamics 365 Business Central can help. Its LSRetail version is deal for managing retail operations.
Limited scope – many client we see, are using systems originally designed to take care of very specific problems tasks. As a result they generally lack an enterprise wide approach to the problem solving process. With today's contemporary business environment more highly competitive in nature, modern businesses require a more holistic, enterprise approach to retail management. Most current systems fall short of such a requirement. Dynamics 365 Business Central doesn't.
High maintenance costs – many systems we still see in operation are costly to maintain. Often they require specialist knowledge resulting in otherwise higher costs and more business risk. Moreover, the maintenance cost of these legacy systems keeps on increasing with the passage of time. The older an information system is, the higher are its associated maintenance costs to be borne by the retail business. Business Central has a track record of being kept up to date and can be readily used.
Integration and scalability problems – most retail businesses have had a piecemeal approach to systems. As such this often limits scope for the addition and integration of new applications. Many systems struggle with scaling up or integrating with similar systems used by associates or suppliers. From what we have seen, such integration and scalability problems tend to multiply as the size and scope of retail operations increases. Business Central can scale as you need it to and we at Ingenious ERP have a very good track record at integrations.
Increased risk to the business – A combination of old and new information systems makes the collective whole susceptible to failure or crash. It's the heterogeneity in the overall mix that is the primary cause of risk. We think the evidence is clear. The solution lies in a close knit, homogeneous information system that can integrate seamlessly with other such systems in real time. While imparting much-needed stability to the whole system. We think you will find that Business Central provides a cost effective platform that can cover almost all your business processes.