Purchasing, Service Management, Jobs, Item Management and Sales features.

The same basic financial management features such as General Ledger, Accounts Receivable and Payable, Inventory and Fixed Assets.Microsoft Dynamics 365 and Microsoft Dynamics NAV share the same codebase, meaning they are similar products. Dynamics for Finance includes automatic updates, which NAV doesn’t have. The pricing is targeted towards smaller businesses when compared to NAV. It includes basic financial functions with modules that can be added as required. It is offered as SaaS, meaning it is cloud-based and paid for by a monthly subscription. Microsoft Dynamics 365 was released in 2016. What is Microsoft Dynamics 365 for Finance? NAV has a variety of functions for financials, manufacturing and warehousing. It is designed for small to medium-sized businesses, but the price tag often hinders very small businesses from using it. It started as an on-premises application, although clients now have the option of hosting the application on a private or public cloud. Microsoft NAV was released in 1987 and currently has over 100,000 users. In this article, we will compare both products and hopefully help you get a better idea of which one is right for you. Knowing this, it’s important for you to understand the basic similarities and differences between these two product offerings.

Microsoft intends on focusing its efforts on Software-as-a-Service (SaaS), modular and subscription-based software. NAV is still an incredibly popular product and Microsoft has no intention to discontinue it or stop supporting it (at least in the near future). While we don’t have the exact answer to this question, there are two things that seem clear: This left many people wondering what would come next for the Dynamics 365 and Dynamics NAV product lines.Ĭlick here to download our free ebook on Dynamics 365 and get answers to your questions! Just recently, Microsoft announced it was killing the business edition of Dynamics 365 for Finance and Operations. The Dynamics product line is no different. This includes changing product names, licensing options, etc. By now, we have grown used to Microsoft making major adjustments in a matter of weeks. As Microsoft partners and clients, we can tell you one thing we’ve learned over the years it’s hard to predict where Microsoft will go next.

Dynamics nav cost accounting