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Microsoft Dynamics NAV 20 Great Reasons to Switch to Cloud Accounting

The Microsoft Dynamics NAV accounting solution offers comprehensive assistance when it comes to maintaining and auditing accounts and preparing reports on the assets, liabilities, etc. of your business. You can quickly analyse relevant and important information for better financial decision-making.

End-to-end integration allows you to manage your general ledger, debtors, creditors, inventory, analytical accounting, cash flow, fixed assets as well as bank recons and collections.

Here are 20 reasons why you should switch to Dynamics NAV today:

1. Saves money: It saves you time and time is money.
2. Flexibility: You can pick the features best suited to your model and tailor the NAV solution to your needs.
3. Scalability: You’re not locked into a package, and can add and opt out of features according to your needs.
4. Mobility: You can manage your accounting wherever you go, whenever you want.
5. Multi-user access: Collaborating with your team and advisors is easy.
6. Automatic backups: You have peace of mind knowing your data is safe.
7. Operates on-line: You don’t have to install any software and upgrades are done automatically.
8. Lower IT costs: You don’t need a technician on-site as everything is in the cloud and can be serviced remotely.
9. Clear money trail: The solution makes sure invoicing is done on time and is complete; saving you penalties on overdrafts due to outstanding debts you forgot to invoice.
10. Collaboration: You can add different users from different locations, making collaboration in the team easier.
11. Accuracy: Data is transferred automatically, eliminating duplication and therefore human error.
12. Compatibility: You can sync your system with that of your accountant or export your books with a few clicks.
13. Bank transactions: The automatic feed ensures that transactions are fed straight into the right accounts and sorted correctly and automatically.
14. Checks and balances: The software automatically checks and reconciles figures, which means that human errors will be flagged and brought to your attention.
15. Prevents fraud: In-built audit trails and user roles can be customised and will minimise, detect and track fraudulent behaviour.
16. Safe and secure: The cloud’s professional grade security technology means your data is safer than it would be on your own hardware, plus its safer from fire, floods and other disasters.
17. Expertise: You don’t need to hire a full-time accountant – the software will let you know which information is needed, when and where.
18. Compliance: The software regularly updates itself and keeps up with the legislation relevant to businesses and taxes.
19. Clear overview: With the click of a button (or two) you can see exactly where your business is and how it’s performing against projections.
20. Peace of mind: You can stop focusing on and worrying over your financials and focus on what matters – growing your business.