Payroll for Dynamics 365 Business Central: The Necessary Conversations
Are you considering taking advantage of the benefits of Dynamics 365 Business Central to replace your current QuickBooks or Dynamics ERP system? What are your options for payroll with Dynamics 365? There are some conversations you’ll need to have within your organization to decide the best path for your business, including:
1. Is Dynamics 365 Business Central right for your business?
The first decision you will make is whether Dynamics 365 Business Central is a good fit for your business. If your history is with QuickBooks or Dynamics GP, the big decision for more than a decade has been an on-premises vs. cloud ERP solution. What features are we gaining/losing with a cloud-based solution? Will our critical data be safe in the cloud? Will we be in control of our data in the cloud? What are the cost implications? A great place to start is this article comparing Microsoft Dynamics 365 vs. Great Plains to help gain some perspective. Your ERP choice should also consider options for the all-important topic of payroll, which leads us to Question #2.
2. Should your payroll be in-house or outsourced?
If you are considering Dynamics 365 Business Central and whether it’s best to keep your payroll in-house or outsource it, here are some of the questions to discuss with our team. What level of integration is needed for your ERP and payroll solution to realize optimum operational efficiency? How easily can I add/change my employee information and have it reflected within the General Ledger? Can employees monitor changes to ensure payroll is accurately reflecting their efforts? How much effort is your team able to invest in implementing and managing payroll, and what is the effort with in-house vs. outsourced payroll solutions? Lastly, of course, there are costs to consider – from initial purchase to long-term lifecycle costs, and also the hidden costs/risks of on-premises vs. cloud. Much of this was discussed in our recent article, Payroll FAQs for Your Dynamics 365 Business Central Implementation.
3. What are your options for payroll with Dynamics 365 Business Central?
You have probably already done your research and discovered that Dynamics 365 Business Central does not come out-of-the-box with a payroll module. If you prefer to keep your payroll in-house, Payroll NOW by Integrity Data is the only complete payroll solution for Dynamics 365 Business Central today that is designed specifically to integrate and share data between these solutions.
Integrity Data has been having these conversations with customers for over 20 years. Like you, we continue to evolve with advancements in technology and the needs of our customers for trusted payroll, HR, and ACA solutions. You can read about our journey from Dynamics GP to the Business Central Cloud and know that we are here to facilitate these conversations and help you make the best decisions for your business. Contact us to start the conversation today!