Successful manufacturers know that adapting to uncertainty is rarely the exception, but rather the rule. Whether it’s dealing with a workforce that’s constantly in flux or adjusting to disruptions in the supply chain, it’s essential that you have systems in place that enable you to maintain efficient manufacturing operations even in changing conditions.
Your accounting solution is a key component of this nimble posture—it must provide the flexibility to optimize your financial management in the short term while providing the ability to scale as your manufacturing firm grows.
In this article we compare Intuit QuickBooks Enterprise, which serves growing manufacturing businesses, with a full-scale enterprise resource planning (ERP) system, Microsoft Dynamics, to evaluate their viability for manufacturing firms.
These comparisons are based on both verifiable vendor claims, third-party reviewers like G2 and Capterra (tech marketplaces where businesses can provide their unbiased opinions and review software solutions), and objective accounting software reviews from PCMag and Techradar.
Intuit QuickBooks Enterprise: Background
QuickBooks Enterprise helps manufacturing firms manage their business transactions effectively and also save time and effort by conglomerating daily financial processes and functions into a streamlined, easy-to-use interface.
QuickBooks Enterprise is an integrated solution designed for growing, product-based businesses that helps users streamline business and financial operations management. It bundles key functionality and lets business owners add and customize capabilities as they grow. QuickBooks Enterprise integrates with other leading point solutions like Salesforce to create a connected back-office experience, instead of a traditional “one-stop shop” ERP solution.
Microsoft Dynamics: Background
Microsoft Dynamics 365 is a cloud-based portfolio of Microsoft products that can be connected within the same ecosystem and augmented with customization. Microsoft Dynamics applications can be integrated with familiar and already entrenched Microsoft Office products, as well as organization-specific applications built with Microsoft Azure. It can be further extended into the Internet of Things and augmented reality workflows.
Already configured modules in Microsoft Dynamics 365 include applications designed to streamline and automate sales, marketing, field service, customer service, commerce, operations, and finance. Additionally, Microsoft Dynamics modules can be connected to, and integrated with, existing systems.
At the highest level, there are two main Dynamics 365 solutions to choose from: Business Central and Finance & Operations.
Dynamics 365 Business Central is an ERP-like solution suited for most small and medium-sized businesses.
Dynamics 365 Finance & Operations is an ERP-like solution suited for large or diversified companies. It is often used by companies with multiple lines of business, diversified geographies, or complex product development needs.
These iterations have replaced older versions of Dynamics, namely Dynamics GP (Great Plains) and Dynamics NAV.
QuickBooks Enterprise for Manufacturing & Wholesale vs. Microsoft Dynamics for growing manufacturing businesses
QuickBooks Enterprise for Manufacturing & Wholesale is a specialized offering for growing manufacturing businesses. It features accounting, project costing, and management, as well as payroll capabilities. QuickBooks Enterprise for Manufacturing & Wholesale also integrates with top third-party manufacturing business applications to help connect existing tools, processes, and datasets.
Microsoft Dynamics is a suite of business-ready applications designed to work with the Microsoft 365 suite of Office applications and with unique business applicationsboth those created in Microsoft Azure and those produced by third parties. Customers can select which of the modules they want to create upfront and add more later as needed. Out of the various Microsoft Dynamics offerings, Dynamics 365 Business Central is the most appropriate for smaller or medium-sized businesses.