The Need for an Integrated Solution
Organisations typically generate a lot of disparate information, but often do not have a clear view into the business. Integrating functionality and data sources that traditionally have been stored in separate applications and databases is essential for organisations that want clear insight into data from across the business.
Financial management solutions need to integrate processes and data to help break down the artificial barriers of information silos, and information entered into one application must be simultaneously available for use in other applications. Integration can also better connect everyone in the organisation with customers, suppliers, and trading partners—including across the Internet and from intranet collaboration portals.
Integrating data across applications can boost productivity by freeing users from the burden of having to pull information from separate sources, and enhances financial management by unlocking data for what is rapidly becoming one of the most important areas of financial management—business intelligence. Business intelligence, in concert with other reporting and analytic solutions, helps inform and speed up decision-making. It enables an organisation to respond more quickly to new competitive challenges and proactively take advantage of new market opportunities.
The Microsoft Dynamics NAV financial management software solution integrates with popular productivity applications such as Microsoft Office Excel, Microsoft Office Word, Microsoft Office Outlook for customer relationship management, and Microsoft Office SharePoint Server 2007 for collaboration portals.
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