A typical start-up is characterized by its high operational costs, low (often zero) revenues and less staff. During their initial years, start-ups rely heavily on promoters and Venture Capitalists for their seed funds, thus exerting strict control over their fund utilization. This leads to the staff being on their toes about spending, dedicated to bringing the product/service to the market ASAP, and careful about avoiding any extravagant expense. And ERP is classified as an extravagant expense, given the license and implementation costs, implementation time-frame, and deviation of resources’ time towards an activity that is not directly pushing product development.
Any ERP would require considerable investment in terms of time, money, and resources. So, founder/s generally put an ERP to a later priority than product development and revenue generation. However, VCS often pushes the founders to invest in an ERP so that they can have more control over the company.
An entrepreneur has plenty of tasks on his plate, especially at the start-up stage – from investor meetings to order fulfillment to department engagements. Many a time, amongst all this, productivity takes a backseat. That’s when an ERP comes to the rescue. For a start-up, an ERP will:
All these benefits and the pressure from VCs can put the founder/s in a dilemma. A catch-22 situation, where the cost of implementing is high but the costs of not implementing can be higher!
Nevertheless, there is an easy way out. Opt for a Cloud ERP by Microsoft – Dynamics 365 Business Central.
Microsoft Dynamics 365 Business Central is a cloud version of Microsoft Dynamics NAV. This makes start-ups hardware-independent and eliminates the hassles of IT operations.
Business Central offers all the modules a business may require on the cloud. Plus, it interacts and integrates seamlessly with other Microsoft Dynamics 365 products as well as the Power Platform (Power Automate, Power Apps, Power BI). With integrated Sales, Purchase, Production and Finance modules, reports, dashboards, approval processes, workflows, Mobile and Tablet Clients, Business Central further enhances the business process for start-ups.
So, how can start-ups afford Microsoft Dynamics 365 Business Central?
The answer lies in its licensing and implementation strategy.
To know about our Rapid Implementation methodology, contact us. We will be more than happy to provide you with a solution you need, not only the one we have.
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