The functional areas within Dynamics NAV
Dynamics NAV covers the following functional areas inside an organization:
- Financial management: Most of the functionalities from "off-the-shelf" accounting software can be found in this module. The functionalities include, but are not limited to, G/L budgeting, financial reporting, cash management, receivables and payables, fixed assets, VAT and tax reporting, intercompany transactions, cost accounting, consolidation, multicurrency, intrastate, and so on.
- Sales and marketing: This is for the companies that want to track customer orders and determine when the items can be promised to be delivered to the customer. This area covers customers, order processing, expected delivery, order promises, sales returns, pricing, contacts, marketing campaigns, and so on.
- Purchase: This module is required when you buy goods and services and you want to keep track of what you have ordered from your vendors and when the goods should be delivered to your door...
