Do you work with digitalization in a trading company, financial management or sales and purchasing of goods? Do you know which customers can get which products – and when they can get them? Do you have your own or external warehouse? Do you register orders automatically or enter them yourself?
You probably know that it can be challenging to manage receiving goods in the warehouse, shipping goods, pricing agreements, order taking and scheduling, among other things. Financial management in a retail business can be a challenge.
For many retailers, it’s also a challenge to gain full control and overview of product flow and delivery reliability. In many cases, digitalization in retail companies can help solve these challenges.
We help you find, use and digitize the functions and workflows that support the work of your retail business within the possibilities Dynamics 365 Business Central offers. Perhaps combined with vender-independent, recognized and proven apps/add-ons.
The hallmark of many trading companies is a relatively high flow of goods. These are companies that place high demands on having the right goods, in the right quantity, at the right time. They typically have a large customer database, with customer-specific price agreements, a need for fast quotes – and equally fast delivery. Invoicing needs to happen immediately after goods are shipped. And the returns process, which can include large volumes of returned goods, needs to be managed, handled and processed within a relatively short timeframe.
Dynamics 365 Business Central comes standard with a wide range of tools for financial management and digitization in trading companies: customer data management, debtor approval, price agreements, quoting, order intake, supply and inventory management. It is a set of tools that enable you to digitize functions and workflows within standard solutions. Digitization can minimize human error, free up resources and make it faster and easier to get an overview.
If you need functionality other than what you find in the standard Dynamics 365 Business Central, there is a wide range of apps that simply connect to your solution and digitize and systematize various resource-intensive functions. The apps do not interfere with the code in Dynamics 365 Business Central – but are connected to the solution in the same way as it is known from your smartphone.
When companies work with financial management and digitalisation in a trading business, a number of questions naturally arise: Where should we start? What creates the most value? How do we ensure control and efficiency?
Below, we have gathered answers to some of the questions we most often discuss with our customers at Vektus.
1. How can Dynamics 365 Business Central create better visibility in a trading company?
Business Central brings finance, inventory, purchasing, sales and customer data together in one integrated solution. This provides a single, up-to-date overview of goods flow, margins, delivery performance and pricing agreements. Many companies find that decision-making becomes easier and more data-driven because everyone works from the same foundation.
2. Can Business Central handle complex pricing agreements and many different customer types?
Yes. Business Central is well suited for trading companies with a large customer base and customer-specific pricing agreements. The solution supports differentiated prices, discounts and agreements, ensuring correct invoicing and reducing manual errors, even as complexity increases.
3. How does Business Central support efficient inventory and goods flow management?
The solution provides full visibility into inventory levels, item locations and movements. This makes it easier to ensure that the right products are in stock at the right time and that receiving, picking, shipping and returns are handled efficiently and in a structured way.
4. Is it possible to automate order entry from webshops, EDI or other systems?
Yes. Business Central can be integrated with webshops, EDI and web services, allowing orders to be created automatically in the system. This saves time, reduces errors and ensures faster order processing – benefiting both customers and internal administration.
5. What if standard Business Central does not cover all our requirements?
If additional functionality is needed, Business Central can be extended with independent, proven apps. These apps are connected to the solution without changing the standard code, making it possible to digitalise specific workflows while maintaining flexibility and independence.
6. How does Vektus help trading companies get value from Business Central?
At Vektus, we help companies make optimal use of the standard functionality in Business Central and advise on relevant apps when additional capabilities are required. Our focus is to create solutions that deliver better control of finance, inventory, orders and customers, while supporting an efficient and scalable business.
If you’re getting started with Business Central Cloud in a trading company,
contact us for a chat about what you need to take into account and how to get started.
How we work
We work to make your investment in Business Central a success both now and in the long run.
