LS NAV = No More Retail Headaches

POS systems today are a long way from the original cash register retailers used initially. Advanced POS systems can now manage everything from tracking your inventory to tracking your customers and therefore, your business. Whether you’re a mom-and-pop shop or an established chain, your choice in a point-of-sale software is one of the most important considerations for your business. LS NAV has been a strong candidate in every retail implementation thus far, and we’ve listed some benefits of why we think it could be right for you as well:

  • Everything’s right here! (Including your financials):

With LS NAV – you are getting a complete solution that combines your point-of-sale and your ERP out of the box. This virtually eliminates manual data entry and human error, not to mention it saves you some valuable time for you and your staff. Free time? Yes, please! With your new combo system, you can do things like look into based on the purchase data recorded by your POS and adjust prices during a slower day of the week or perhaps establish a recurring sale during that period. From there, you can review the accounting information (all using the same system) afterward to see how these variables affect your financials as a whole.

  • Inventory Management:

As retailers know, inventory management can sometimes be a nightmare due to the variations a product can have, i.e. sizes, colors, etc. An advanced POS system like LS NAV can provide the ultimate control when it comes to sales and purchase orders. You will always know how much you have in stock of each product and you can have them categorized in whichever way desired – name, brand, supplier code, SKU, and a multitude of other categorizations. With a user-friendly interface designed for modern inventory control, you are able to track every single stock move from purchase to warehouse to sales order. LS NAV also allows easily looking up past transactions and discovering which product is stuck on the shelf for weeks as well as which products are selling the most. Thus, making inventory management that more easy.

  • No more headaches:

Some POS systems already have you pulling your hair out before they’re even up and running. With hours of trial and error during the setup, and even more hours with phone calls to customer support – naturally, one might at this point debate just giving customers the product for free instead of dealing with their POS system. With LS NAV, you will have a partner handling the implementation allowing for a smooth transition. Omni Logic provides you with a point of contact that will be with you and your team every step of the way while implementing your shiny new software.

  • Stay in the know:

Keep track of things even when you aren’t on site. Obtain real-time reports of anything to do with your business – from profit after markup to the sales attributed to each employee. This clear reporting allows you to make smarter decisions today. LS NAV even provides the ability to customize these reports so you can see exactly what you need – from wherever you are, even when you are in the comfort of your own home or preferably, a beach in Maui.

 

If you’re interested in taking a look at LS NAV for your business – contact us for a free demo today.

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Should I Upgrade? | What You Need To Know About NAV 2017

With a huge focus on user experience, the pages within the newest version of Microsoft Dynamics NAV have been simplified. While simplicity is a very beneficial software element, It’s unlikely to be the deciding factor in your decision to upgrade. NAV 2017 has undoubtedly offered a number of a number of new features and improvements. If you’re an existing NAV client, I’m sure you would be wondering if this version is really worth the upgrade. Let’s go through what you need to know about NAV 2017:

 

  • Embedded Power BI

As many know, Power BI is a powerhouse when it comes to reporting. In case you don’t know, the app is designed for SMB management that would like detailed insights into business performance. In previous versions of NAV, the user had to view their dashboards via the Power BI app/web-client. However, in NAV 2017, You are now able to use a single app (NAV client) to view your reporting. The dashboards that you use in Power BI can now be brought directly into your role center in NAV. We’d also like to note that the integration is automatically refreshed so you can be sure you’re always viewing the latest data.

  • Cortana Intelligence

Managing your stock doesn’t have to be scary anymore. You are now able to take advantage of your historical data via the built-in Cortana Intelligence and obtain forecasts into your predicated sales. This feature provides us accurate budgets based on previous years’ trends. Anything from stock levels to sales quantities to the qty. to manufacture – you are working with the best predictions possible.

  • Office 365 Integration

One of the key elements of the NAV 2017 is the integration between NAV and Office 365. This includes a direct integration with Microsoft Dynamics CRM, as well as an Outlook add-in allowing you to synchronize master data between the two and saving you time on data entry. The Outlook add-in can be very beneficial for customers that schedule services with their customers. For example, if you have an Outlook calendar appointment for a scheduled service, you can take care of all the financial tasks related to the appointment via the add-in that would have previously been completed in the NAV app. This is done by simply creating and sending an invoice for the associated service from the calendar appointment. Yes, it is that easy! There is also now an Excel add-in that provides you the ability to view/edit NAV data in Excel. We would exhaust ourselves trying to explain all the benefits of this new add-in, so we’ll just narrow it down to one that we thought would be very popular – you can now create invoices AND allow customers to book appointments online via Bookings in Office 365. External applications for scheduling are so 2016.

  • Cancel Posted Credit Memos

You are now able to reverse credit memos that have been created to reverse invoices, ex. The ones you create when you cancel a posted invoice. This functionality was added to the posted sales and purchase credit memos.

  • Item Attributes

Customers should be able to organize and classify their products in whatever way they would like to, and now they can. This new feature introduced in NAV 2017 allows you to define and add different types of attributes to items in NAV such as, length, width, voltage, colour, etc. This also becomes handy in situations when you need to add items to sales and purchase documents. The feature allows you to filter your items based on attribute values which will ultimately limit the list of items you choose from. While this was a frequently requested modification in the past, it is now out-of-the-box functionality.

  • E-Everything

Customers can now pay your invoice online via hyperlinks to payment services, such as PayPal.

  • Item Categories

Another great new feature is the item category table now being multi-level so that you are able to define a hierarchy in the list of item categories. You are also able to use each of the item categories to define what item attributes applies to said category. Ex. When a new item is created and the item category is selected then NAV will populate the list of attributes that the item should have. This allows the user to know which attributes to enter. This provides companies a consistent set of attributes on similar items and will speed up the process of creating new items.

  • G/L Account Categories and Sub Categories

Having full control over your chart of accounts has never been easier. In NAV 2017, General Ledger accounts are able to now be categorized via the two new fields on the G/L account card; Account Category and Account Subcategory. This feature enables companies to group accounts that are used for similar postings, ex. revenue accounts can be grouped into types, such as product, service, shipping revenue accounts and thus allowing reporting to be standardized. Additionally, by using this feature and creating and mapping categories and accounts respectively, you can provide personalization to the structure of your financial statements.

  • New Extensions

You don’t have to alter the source resources to modify your NAV system anymore. The Extension Management page allows you to install/uninstall extensions easily and with only a few clicks. Some existing extensions include: PayPal integration, QuickBooks data migration, and even a sales forecast solution.

  • Purchase Order

Brand new functionality! You can now create a purchase invoice based on a sales order.

  • Item Creation

Brand new functionality! In NAV 2017, you are able to create an item automatically by using the item templates when you enter a description in the no. field on a sales document that does not exists in the item list.

  • Smart notifications

This is likely the top feature of NAV 2017. It allows you the ability to send notifications on the page in NAV that the user is currently viewing. The notifications appear in the new notification area at the top of the user’s screen and can be linked to more details if necessary. In previous versions of NAV, a pop-up message would appear with every single change of a sales order, but now the notification does not interrupt the user. This can be a highly coveted feature for companies that require credit limit warnings or other important customer notes.

 

NAV 2017 Notable Improvements:

 

  • Payment Reconciliation

Now you can see the total amount in the payment reconciliation journal and closely scrutinize the numbers while seeing transactions that have not been applied or reconciled.

  • Jobs

Manage projects stress-free by gaining more visibility into the details. A project manager field has been added on the job card and the Project Manager role center now shows information specific to the jobs the user is currently managing via My Jobs.

  • Fixed Assets

NAV 2017 has enhanced fixed assets with a couple of notable improvements. The new standard setup was introduced which makes it easier than ever to create new Fixed Assets. Also not to be forgotten are the journal features allowing you to post F/A purchase transactions.

 

We still have more features, but we think that this is a good place to start if you had any doubts about whether or not to upgrade to NAV 2017. Give us a call at 1-888-405-8676 or via the contact form below if you’re interested in viewing a demo or learning more about the newest version of NAV.

 

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Technical Support vs. Consulting

At Omni Logic, it is important to us that we assist our clients with technical concerns that may arise. Therefore, we try our best to provide top notch support to our clients in an effective and timely manner. In order for us to achieve this, we require a thorough description of the issue the client is experiencing and a screen shot of any errors.

Technical Support vs Consultation?

There is a fine line between what is a support question versus what is a consulting question and whether the requests are billable.

What is considered technical support?

Some topics that are considered to be a technical support issues are:

  • Questions regarding software compatibility and hardware requirements
  • Issues regarding NAV installation and configuration
  • NAV or associated add-ons error messages.

OLS will exercise discretion when a request is received and notify the client if their request is a billable service and await client approval before resolving the issue.

What is considered a consultation?

 Questions regarding NAV data or design generally require more time and resources to resolve and are typically considered a billable consultation. These are outside the scope of technical support as they are not related to the technical software issues but rather related to training and consulting.

Examples of Billable Consultations are:

  • Questions on how to modify the application and add-ons to meet specific business needs
  • Questions about where to find data
  • Requests to build reports or dashboards
  • Performance tuning of execution packages
  • Training or instructing end users

If you are unsure if your inquiry is a technical issue or a consultation and whether it is billable or not, we still encourage you to submit a support ticket or send off an email to Ajla who will be able to address whether this is required to be billed.

Subscription Licensing

A business can be ready for an ERP solution, but sometimes the wallet isn’t. Today, we are going to break down the difference between Perpetual and Subscription Licensing. Learn how you can decrease the cost while still having Microsoft Dynamics NAV today.

Perpetual Licensing

You are licensing the software with permanent usage rights. This means you can use the software for as long as you would like. Perpetual Licensing is ideal if you prefer an upfront investment for your business. If will run the software on your premises and manage the solution in-house – this is also the route to go.

Subscription Licensing

You license non-perpetual rights. You can use the software only during the term of the agreement secured by periodic payments. To put it another way, this is like renting month-to-month or a pay-as-you-go service.

Is Subscription Licensing a good fit for my business?

If you are wary of an ERP solution due to the price tag that comes with it, then it definitely could be. It might be particularly beneficial for businesses that have variable staff or start-ups. After all, spending thousands on a hardware solution can be a huge commitment. Particularly if you aren’t sure where you want to take your business yet, or who will be clocking in next week.

With Subscription licensing, you can buy the exact number of licenses you need month-to-month. NAV has never been more more accessible to SMB’s that want an economical option than it is today. You can have an ERP without breaking the budget.

IfIf you would like to find out what a monthly subscription cost would be for your business, contact us.

For more information on a Cloud-Based solution – 5 Perks of a Cloud-Based Solution

5 Perks of a Cloud-Based Solution

A question we get asked often is whether or not a cloud-based solution is right for a customers business. The pro’s and con’s are easy enough to think on without a fancy degree in computer technology. Let’s take a look at the key reasons we think you should consider the cloud:

Up and running in no time with money to save

If your company is looking to switch to an ERP, but are deterred by the cost – saving time on hardware installation can be the deal-breaker. Deploying a new solution on-premise can take a while because of procuring and installing the IT infrastructure. Implementing a cloud ERP can easily cut your deployment time in half.

 “We already have hardware though!”

That’s okay. If your company has an ERP solution, but outdated hardware – again, this might be the deal-breaker. We won’t lie, a hardware refresh can be expensive. A transition to the cloud could cut your cost exponentially by placing the hardware ownership on your cloud-based provider’s shoulders instead of on yours.

Hardware, installation, and maintenance costs going to your cloud-based provider frees up your finances for taking your business to new heights.

Pay As You Go

Some companies are just starting up and some have variable staff based on the jobs and projects lined up at the time. Spending thousands on a hardware solution is a huge commitment if you aren’t sure where you want to take your business yet or who’s clocking in next week. A cloud-based solution allows you to purchase the exact number of licenses you need each month on a month-to-month basis. No muss, no fuss!

Accessible From Everywhere

A huge perk of a cloud-based solution is having the ability to access your data everywhere. Working from home, the office, or even on the road – just got easier.

Better security

Cloud-based providers are often held to a higher standard by many organizations. This pressure means your cloud-based provider will ensure their systems have industry-standard data security certifications, disaster recovery, and back up procedures in place.

Find out more about implementing NAV in the cloud! Contact us today.