Microsoft's ERP solutions come under the name of Microsoft Dynamics, there are four ERP products of the company, Microsoft SL, GP, NAV and AX. All of these solutions were acquired by Microsoft and have been later developed and improved to suit to the demands of the market and face the competition. Today Microsoft in ERP market holds a good position but not according to company's image, apart from that company also faces serious challenge to maintain and control all the ERP products.
Microsoft dynamics ERP software are developed on familiar Microsoft technology which is easy to adept and change. Easy compatibility with Microsoft products like MS office and other spreadsheets like excel gives them an edge over their competition as interaction with such common applications at office increases easy handling and understanding. Microsoft dynamics ERP software cover all the important aspects of a large organization to provide full integration of all the departments, they have SOA architecture with reliable and fast SQL database at the back end.
Financial management module available in Microsoft ERP solutions provide better visibility in financial processes throughout the organization for effective control, management, forecasting and accounting. It supports multiple currency and language, it can collect and present the consolidated data in the best format to understand and also through spreadsheets for further analysis. Financial planning and budgeting is supported by Microsoft tools designed to perform specific tasks. This module helps companies in planning, accessing financial performance and budgeting future plans. Management reporter and forecaster are the tools designed for financial planning and budgeting with enterprise reporter for performing complex consolidations and handling different currencies to give flexible reporting for the purpose.
With robust financial management the project management module of Microsoft dynamics ERP can manage different projects for more profitability and complete them before time and with in budget. Collaboration provides intranet sites where employees can communicate easily with each other regarding on going projects, bottlenecks and solutions. Business intelligence gives deep insight to the management to monitor the processes effectively, it manages structured and non-structured data and gives quick visibility through worksheets, KPIs, reports and notifications.
Supply chain management module of Microsoft dynamics ERP software can reduce inventory, streamline supplies and workout best pricing models. Using ERP with BizTalk server can reduce cost of supply chain integration with partners and suppliers. Radio frequency enabled identification also enables cost effective way of collaborating with customers and suppliers. Human resource management gives employees an insight to access their career path and its growth, payroll and benefits, as well as it gives powerful tools to the HR managers for accessing performance and identifying potential of their work force.
Microsoft dynamics also provides an independent CRM solution which can be attached to the ERP software as well. Microsoft ERP solutions have all the features for supporting large organizations as well as medium sized companies but all of these products carry almost similar facilities and options. This serious overlapping of features questions reason for having four different products. Microsoft targeted to merge these products into one but that project failed which raises question mark on company's future working and strategy.