If you are implementing an ERP tool in your business, you might tend to believe that there is no need to upgrade the software as it is a world-class tool.
Again, you might think it in another way–the software is working fine without any glitches, so why should I upgrade it?–You might think so, but that is not correct.
Yes, the software can work fine. But, you are missing out on the invaluable benefits an upgrade can offer to your business.
There are many justifying reasons to move to the cloud. Here, we outline the following reasons that justify why you should consider upgrading Microsoft Dynamics 365 for Finance and Operations:
Security
Security has become a common topic of discussion across all business verticals. With the prevalence of frauds and cyber criminals, your IT systems have become prone to severe risks. Cybercriminals are always on the lookout for how to steal valuable data.
With the wrong IT systems and infrastructure, your financial data is at a considerable risk that you should not overlook for the obvious reason.
But, you can effectively do away with the challenge by upgrading to a cloud infrastructure, such as Microsoft Dynamics365.
The cloud-based solution delivers enhanced security to ensure that your data is safe. Microsoft has a reputation for providing a secure environment where customers can run their IT systems without any threat of data theft.
Microsoft tracks the active threats round the clock and counter-attacks them if found. In addition, the company has trained data security professionals to monitor data theft possibilities and keep your data secure.
Lower Ownership Cost
A Dynamics 365 upgradecan help you lower the cost of ownership of IT infrastructure.
Some time ago, many Microsoft Dynamics customers analyzed their Business Ready Enhancement Plan payments against the subscription licenses. And they found that there was a notable reduction in costs.
Again, you will discover that the costs under the new license structure become less if you examine it thoroughly.
As such, the ownership costs become lower than an on-premise solution.
Microsoft offers three environments within the subscription license structure–Build – Staging and Production.
In addition, the service includes all the infrastructure necessary to run the live environment, including disaster recovery.
The subscription licenses also allow you to access the Power BI and other Microsoft Dynamics 365 apps.
Business Intelligence
Microsoft Dynamics 365 comes with the Power BI tool, which helps to analyze and elicit insights from business data.
The software allows businesses to extract information in a graphical format. As such, it helps in making good decisions.
Businesses can share the information from the platform with their community even through mobile devices.
Power BI is one of the most effective business intelligence tools in the market.
Flexibility
A Microsoft Dynamics upgrade can help your business to become more flexible. The software is more flexible than other competing platforms.
Notably, the latest version is a notable improvement from the previous versions in terms of the upgraded Power Platform.
You can regard the Power Platform as a notable advancement in delivering business enhancements using a “low code, no code” approach.
The feature allows customers and partners to add functionalities which do not impact the core Microsoft Dynamics 365 solution.
Innovation
You cannot keep your business stagnant. If you do so, your competitors will overtake you. And that is something you do not want to happen. So, you have to implement innovative strategies to remain competitive.
Therefore, Microsoft frequently upgrades its software by delivering updates and enhancements yearly.
As such, you can implement innovative solutions to meet the increasing demand of your customers. When you do so, your business will flourish.
Conclusion
Therefore, you should not fall behind in upgrading to Microsoft Dynamics365. And, if you do so, you will miss out on the benefits of the upgrade. But, choose a trusted and experienced implementation partner for your upgrade. One can either upgrade to standard EAM application like Microsoft Dynamics 365 or can hire a custom web development company who could help in delivering the application in line with your business processes.
