Ebook completo [PDF]-Microsoft Dynamics NAV Financial Management by Cristina Nicolàs Lorente (2013-10-22)- Download PDF

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• Published on: 1656
• Binding: Paperback

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cfoinfo.biz Book Review
By Plug
PrefaceMy relationship with Navision goes back to the mid-1990's when I helped them with their entry into the US market. During 1999-2001 I did a lot of consulting with Navision in Copenhagen on a variety of topics, including co-leading a web services project. I also installed and reviewed Navision as one of 10 apps in my 1999 Accounting Software Sourcebook - a guide to `mid-tier' ERP applications. However I'm not a NAV expert and the application has changed considerably since Navision was acquired by Microsoft and renamed Dynamics NAV. The version covered by the book is NAV 2013.Who is this book for?As the title suggests, the book focuses on financial management including GL, AR, AP, financial reporting & budgeting and other topics such as VAT management, fixed assets, consolidation, cashflow reporting and inventory costing. This is not the right book to read if you are focused on the supply chain, jobs, HR, customer service/CRM or manufacturing functions of NAV as they are not within scope.The level of detail is what I would call `consultant' level in that is it is useful for getting up to speed on how stuff works but is not at the level of detail needed to support a NAV user who is trying to understand specific operational/accounting processes i.e. it is not a step-by-step training manual. There are no learning exercises in the book.The book is also not focused on the implementation of NAV, as this is the topic of another book, also published by PACKT and by the same author. However some basic setup help is provided in chapter 6.The book is quite short, with almost exactly 100 pages of useful content, but I think that's a good thing as the massive 500-page tomes that characterise many IT books can be intimidating. You could get what you need from this book on 2-3 hour plane journey.Strengths and WeaknessesThe authors cover a wide range of financial processes at a sufficient level of detail to understand the scale/scope of NAV's support for the core financial functionality expected from any leading SME ERP system. There is good use of screenshots to situate the explanations in the application context. The book also has a useful, but incomplete, index to help you find the topics you are interested in.In the reporting and business intelligence section there is good highlighting of what used to be some of the analytic USPs of Navision namely the use of dimensions, flow-filters, analysis views and customisable account schedules (financial reports). Screenshots also highlight other useful functions in NAV such as the statistics panels and tight integration with MS Windows via the ribbon bars. The section on ledger entries (p26-27) is also helpful for understanding the debits and credits that NAV auto-generates `under the covers'.The main weakness of the book in my view is the lack of a business-process approach to the NAV functionality. I don't think there is an example of single business process flowchart in the whole book, so the functionality is approached in a topic rather than a process context. Some people will prefer this but I believe that discussing ERP functionality in the context of a business process is a more useful way to understand the application and better reflects how it is actually used.Like any book there are some niggles, which tend to be highly subjective to the reader. The book generally has the feel of being translated from another language in its use of words such as `financer' (for finance person or accountant), `foretelling' (for forecasting), `resume' (for summarize) and expressions like `so no mistakes are done' rather than `no mistakes are made'. These may be pedantic criticisms but they tend to detract from the readability for a native English-speaking reader. The introduction also has a few rather bizarre statements in it and perhaps could have done with a little more on the customisation potential of NAV and its market positioning - especially relative to its other Dynamics siblings: AX and GP.Inevitably the book also skips over some important `generic' functions in NAV - for example the reference to `Role Centers' on page 77 that seems to come out of left field for the reader (and is also not referenced in the index). Role Centers are an important and useful piece of NAV functionality that perhaps could have benefitted from more space in the text, even though they are not strictly speaking `financial' in purpose.RecommendationIf you know nothing about Microsoft Dynamics NAV and want an introduction to the application from a financial perspective then this book is worth reading. If you are an implementation consultant unfamiliar with NAV then the book should help you to get up to speed on the financials. If you are a user of a specific part of NAV financial management then this book will help you get a wider overview of financial functions but it will not help you to understand how to use NAV in a specific business process context.

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