Cost of Implementing Dynamics 365 Business Central

Maximizing ROI: Understanding the Cost of Implementing Dynamics 365 Business Central

Any growing business must first have a reliable and flexible ERP in place. Dynamics 365 Business Central has grown to be at the top of the list for companies on the rise because of its scalability, comprehensive feature set, and user-friendly interface. But how much does it cost to install Dynamics 365 Business Central? That’s a question that many companies ask. This blog covers the cost of implementing Dynamics 365 Business Central.

Factors that affect the cost of implementing Dynamics 365 Business Central

There are many factors that influence the cost of implementation, a few of them are as follows:

Size: The size of the business would usually define the level of complexity of the implementation and associated costs. The smaller the business, the less complex and expensive it is to implement Dynamics 365 Business Central.
Industry-specific requirements: For some industries, there is a need for special requirements that, in most cases, may call for development work on the custom side additional integrations, obviously raising the price.
Scope of the implementation: How many modules, customizations, and integrations are to be done will dictate the duration and cost of the project.
Data Migration: This is the easiest way of moving data from legacy systems, hence, the implementation time and data migration also come at a cost.
Implementation Partner: This includes the experience, expertise, and pricing of your implementation partner.

What are the costs?

Though it is difficult to give an exact price, there are major cost components that need to be broken down:

1. Software Licensing:

This depends on the number of users and the intended licensing plan Essentials, Premium, or Team Member. Device-based licensing is the one which prices differently in case of shared devices.

2. Implementation Costs Project management:

Costs of organizing, coordinating and controlling a project.

Configuration and Customization costs for making the software compatible with one’s business processes.
Data migration-related charges include the transfer of data from the current systems.
User training cost as users are to be trained on the new system, including the charges for doing so.
Go-live support cost for support that is to be provided in the first few days that the system is live.

3. Ongoing Charges:

Support and maintenance: Vendors’ technical support and on-going system up-gradation work
Firewalls: Extra firewalls that are required
Backup and recovery: Backup and data restoration cost
Additional modules: Additional modules that either will be bought at the time of initiation or which will be bought once the business grows.

How to Optimize Cost of Implementation?

Defined requirements: Understanding your business processes and what your core competencies are is the most important factor that comes into play to optimize the cost of implementation.
Select a proper implementation partner: Find a partner who understands the domain and has a proven record of delivery. Choosing an implementation partner with years of experience and industrial know-how like Tripearltech will help you.
Cloud-based Deployment: A cloud-based deployment option often helps to save some cost when compared to an on-premise deployment.
Optimized Data Migration: Proper data migration can be of great help in terms of both saving time and money.
Leverage Standard Functionality: Opting for standard functionalities can cut down on the cost of customization.

Conclusion

Implementing Dynamics 365 Business Central for your business can bring great benefits. Using the tips mentioned in this blog can help you optimize the cost of implementation and have a robust implementation. Would you like to learn more about specific implementation scenarios or get a more accurate cost estimate for your business? Feel free to contact Tripearltech.