In a fast moving business environment and with technology advancing at a rapid scale, the importance of keeping up to date with technology and improving efficiency has never been greater for businesses.
When it comes to deciding which cloud-based finance systems will help transform the way you manage finances in your business, it can often be a tricky choice. To help you come to a decision on this, in this blog article, we will provide you with a like for like comparison between two ERP powerhouse products: Dynamics 365 Business Central & Xero Accounting.
| Parameters | Dynamics 365 Business Central | Xero Accounting |
| Latest Version | Dynamics 365 Business Central | Xero Accounting |
| Implementation Costs | Starting from £7,500 | Starting from £400 |
| Ongoing Costs | Much lower cost of ongoing usage & support | Higher cost of ongoing usage & support |
| Licensing Models | Subscription based model - you pay to use the system on a monthly basis | Subscription based model - you pay to use the system on a monthly basis |
| Types of User |
A user is licensed for either of the following licensing options: Dynamics 365 Business Central Essentials - Financial Management Dynamics 365 Business Central Premium All the variables included in the above + Service Order Management & Manufacturing Dynamics 365 Business Central Team Member |
A user is licensed for either of the following licensing options: Starter - Send 5 invoices and quotes Standard - Send invoices and quotes Premium - Send invoices and quotes |
| Price/licence (per month) | Essential - £53 | Starter - £10 |
| Premium - £78 | Standard - £24 | |
| Team Member - £6 | Premium - £30 | |
| Number of Users | Unlimited | Unlimited |
| Number of Transactions | Unlimited | 4000 per month |
| Core Functionality | ||
| Finance | Yes | Yes - multiple currencies only available with a premium licence |
| Operations, inventory & warehouse management | Yes | Simple inventory management capability |
| Sales CRM | Yes | Create sales quotes, store & track contacts |
| Projects | Yes | Yes |
| Supply chain management | Yes | No |
| Service management | Yes | No |
| Manufacturing | Yes | No |
| Additional Capabilities | ||
| Configuration | Configure views/dashboards, processes & fields | Yes |
| Cloud Based or On Premise | Both | Cloud only |
| Accessible across all devices | Yes | Yes |
| Data Analysis | Fully integrated with Power BI, fast reports, customised dashboards | Financial reporting & an editable dashboard available |
| Artificial Intelligence | Yes | No |
| Connectivity | Fully connective via Common Data Model, 200+ connections available | Good connectivity with 500+ business applications. Only limited API transactions per month allowed |
| Office 365 Integration | Office 365 seamlessly integrated with Dynamics 365 for Outlook and Excel | Limited |
| Automation and custom applications | Yes through the Microsoft Power Platform | No |
As you can see from the above comparison table, Dynamics 365 Business Central provides more of a wide range of functionality than can be seen with Xero Accounting software. Better still, Dynamics 365 Business Central is fully scalable as your business grows. Furthermore, Dynamics 365 Business Central delivers critical information and access to insights along with a seamless integration with Office 365 which allows you to take advantage of a number of key benefits that will drive a strong return on your investment.
Next Steps?
If you have read the above comparison table and are keen to take the next step with a tailored quick start Dynamics 365 Business Central package or are looking to get a quick quote via our Business Central calculator then please give our team of experts a call today on 020 3004 4600 or submit an enquiry via our online contact form.
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