5 Reasons Why Microsoft Business Central Is Still the Smart Choice for 2024

CAS, short for Computerized Accounting System, has become a prerequisite mandated by the Philippines’ Bureau of Internal Revenue (BIR) for large taxpayers. Originally tailored for big players, the concept is now catching the attention of smaller businesses eyeing growth. Microsoft Business Central is BIR CAS ready, which means you can manage your own set of computerized accounting books, records and documents to be submitted to the BIR, in adherence to the Revenue Regulations No. 09-2009. Microsoft Business Central can facilitate the generation of essential BIR data files and forms including: 

Microsoft Business Central’s Consolidation feature ensures precise consolidation of financial data and a complete view of your company’s financial health. Align different Charts of Account and Dimensions from subsidiary companies with the master Consolidation entity. You can also consolidate within the same database or import data from diverse financial software sources, saving time and minimizing errors.

What’s more, you can ensure compliance with FAS 52 standards for Foreign Currency Translation whenever you consolidate foreign currency subsidiaries. Moreover, Business Central provides the flexibility to re-consolidate past periods, accommodating changes in subsidiary G/L balances and providing up-to-date financial insights. 

When it comes to selecting an ERP system, future-proofing is important. With Microsoft Business Central, you’re not just choosing a solution for the present; you’re investing in a platform designed to evolve alongside your business. Whether it’s adding new features or users, it offers unparalleled flexibility to adapt to changing requirements and scale your system as your organization grows. 

One of the key benefits of Business Central is its cloud-based architecture, which ensures automatic software upgrades. Gone are the days of manual updates and cumbersome maintenance processes. Now, you’re always operating on the latest version, seamlessly incorporating new features and enhancements without any disruption.

Gain actionable insights from vast amounts of data through Microsoft Business Central’s Business Insights. By consolidating company-wide data into a single, unified platform, it provides real-time insights of your operations. Moreover, Microsoft’s commitment to AI and machine learning innovation is evident in Business Central’s predictive analytics that anticipate customer needs, and intelligent automation that streamlines routine tasks.

The introduction of Copilot further enhances productivity by leveraging AI to provide intelligent suggestions and assistance across business operations such as faster bank account reconciliation. Copilot utilizes AI-powered transaction matching and G/L account suggestions, reducing manual effort and improving accuracy.

Microsoft’s reputation as an ERP software development expert is a testament to the reliability of Business Central. Their ongoing investment and commitment to remaining at the forefront means you can trust that your ERP solution will continue to meet your needs. It’s  reliable and stable while consistently pushing the boundaries of innovation.

For example, it has the AI-powered assistant Copilot, revolutionizing product information management. By suggesting item-related information such as variants, units of measure, substitutions, and dimensions, Copilot frees up businesses’ valuable time for core activities.

Microsoft also enhances approval processes with Power Automate for document and data changes. When integrated with the Approval User Setup, defining approvers is easier, with user actions logged for enhanced visibility and accountability.

By harnessing the capabilities of Business Central, organizations can future-proof their operations and unlock new opportunities. Contact us today and let us help you navigate the complexities of today’s environment with confidence, so you can position yourself for sustained growth and success in the years ahead. 

Meanwhile, Assemble to Project optimizes inventory management by facilitating assembly only when needed for customization in projects. By automatically generating assembly orders based on project planning lines, Business Central ensures a smooth workflow from project assembly to delivery, supporting various warehouse configurations.

By harnessing the capabilities of Business Central, organizations can future-proof their operations and unlock new opportunities. Contact us today and let us help you navigate the complexities of today’s environment with confidence, so you can position yourself for sustained growth and success in the years ahead.

About the Author

Mark Justine De Mesa

Editor

Justine is an accomplished author with a passion for both I.T and Accounting. His expertise lies in crafting engaging content that connects technology and finance, offering insights for professionals and enthusiasts alike.

• @MarkJustineD.