e-conomic to dynamic 365

Upgrading from E-conomic to MSD 365? Everything You Need to Know

Share This Blog

Copied!

Try It Now

HubBroker iPaaS integrates effortlessly with your systems, offering the flexibility to scale and adapt. HubBroker keeps your business ahead by simplifying complexity.

Get Started

In today’s fast-paced business world, staying competitive means leveraging powerful, all-in-one systems that simplify workflows, boost productivity, and support growth. Moving from e-conomic—a well-known accounting tool—to Microsoft Dynamics 365 (D365), a full-scale ERP solution, is a smart step to future-proof your company.

This upgrade isn’t just about switching software—it’s about adopting a smarter, more advanced system that streamlines operations, supports expansion, and keeps your business compliant. If your company has outgrown e-conomic’s limitations, this guide explains why migrating to Dynamics 365 is the right move for long-term success.

Why Businesses Upgrade to Microsoft Dynamics 365

Many small to mid-sized companies, especially in Europe (Germany, Scandinavia, and Benelux), start their journey with e-conomic due to its simplicity and low cost. However, as these businesses expand, they encounter limitations that hinder growth. Switching to Microsoft Dynamics 365 is the next logical step for companies looking for a more powerful, integrated ERP solution.

Several compelling factors drive this transition:

1. The Allure of the Integrated Ecosystem

In today’s interconnected world, integration is key to business efficiency. Microsoft Dynamics 365 Business Central offers seamless integration with the Microsoft ecosystem, which includes familiar tools such as Excel, Teams, Power BI, and SharePoint. This tight integration allows businesses to automate processes and gain a unified view of their operations. Whether it’s syncing accounting data with Excel reports or receiving real-time inventory updates through Teams, Dynamics 365 centralizes all your business activities into one cohesive platform.

2. Beyond Basic Accounting: The Power of Real ERP

While e-conomic serves well for accounting, Microsoft Dynamics 365 Business Central goes far beyond basic financials. It offers comprehensive Enterprise Resource Planning (ERP) capabilities that cover:

  • Supply Chain Management: Streamlining inventory, warehouse, and procurement operations to enhance efficiency.

  • CRM (Customer Relationship Management): Managing customer relationships, tracking opportunities, and managing leads in real-time.

  • Project Management: Managing project costs, resources, and timelines to ensure smooth execution.

  • Manufacturing (in certain versions): Planning and executing production schedules and inventory management, catering to businesses with manufacturing needs.

These additional features allow businesses to gain full control over their operations, fostering better decision-making and improved business performance.

3. Cloud-Based Solutions: Flexibility and Scalability

Cloud computing is a global trend, and Denmark is no exception. The cloud-based Microsoft Dynamics 365 Business Central brings several benefits:

  • Accessibility: Access your business data anytime, anywhere, as long as you have an internet connection.

  • Scalability: Easily adjust resources as per your business requirements, helping you scale seamlessly.

  • Reduced Infrastructure Costs: Lower initial investment and fewer dependencies on internal IT infrastructure, reducing the overall cost of ownership.

  • Automatic Updates: No manual intervention required for security updates or feature enhancements. You always have the latest features and patches at your disposal.

4. Modern Workplace: Productivity Tools Integration

Microsoft 365 is not just a suite of Office apps; it is a platform that supports modern workplace dynamics. When combined with Microsoft Dynamics 365, you get powerful tools for collaboration, document management, and workflow automation. Key integrations include:

  • Teams for Collaboration: Enhance communication across teams and departments.

  • Power Automate for Automation: Streamline repetitive tasks and automate workflows.

  • SharePoint for Document Management: Organize, store, and share documents with ease.

These integrations empower businesses to enhance productivity, simplify operations, and increase efficiency across teams and departments.

5. Navigating Regulatory Changes with Confidence

In markets like Denmark, businesses are often subject to evolving regulations, such as the new Danish Accounting Law (“Arsregnskabsloven”). Modern ERPs like Microsoft Dynamics 365 are designed to help businesses comply with such regulations by automating reporting and ensuring the accuracy of financial data. With its robust compliance features, Microsoft Dynamics 365 Business Central ensures that your company remains compliant with local and international standards.

Why Danish Companies Outgrow E-conomic

E-conomic is an excellent choice for small businesses in Denmark due to its affordability and ease of use. However, as businesses grow, their needs evolve, and e-conomic’s limitations begin to surface. The reasons for outgrowing e-conomic include:

1. Beyond Basic Bookkeeping: Need for Comprehensive ERP Features

As your business expands, financial management is only one aspect of operations. Companies need an ERP system that can handle diverse functions like inventory management, customer relationship management (CRM), project management, and more. E-conomic doesn’t offer the flexibility and breadth of features required for managing complex workflows, making it harder to scale.

2. Data Silos: Lack of System Integration

When different departments (sales, warehouse, finance) use separate systems, it creates “data silos” that inhibit smooth communication. These silos result in duplicated data entries, outdated reports, and fragmented views of the business, slowing down decision-making and hindering growth. Microsoft Dynamics 365 eliminates these silos by integrating all functions into one platform.

3. Complexity of Operations:

As your business grows, so do the complexities of managing various processes. From handling large customer bases to managing intricate supply chains, the simplicity of e-conomic becomes a bottleneck. Dynamics 365 addresses these complexities by offering advanced functionality and real-time visibility into all aspects of your business.

4. Limited Customization:

Each business has unique workflows and requirements. E-conomic offers limited customization options, which may not be sufficient as your business needs become more specialized. Microsoft Dynamics 365 offers greater flexibility, allowing you to tailor processes, add fields, and create detailed reports without relying on external tools.

5. Need for Advanced Analytics:

As businesses grow, simple financial reports no longer suffice. To make data-driven decisions, businesses need advanced analytics, real-time dashboards, and insights into various aspects of the company, including profitability, margins, and project performance. Dynamics 365 provides these capabilities out of the box, allowing businesses to identify trends, opportunities, and potential issues early on.

How HubBroker Ensures a Smooth Transition to Microsoft Dynamics 365

Switching from e-conomic to Microsoft Dynamics 365 can be challenging, especially when it comes to maintaining vital data flows and EDI integrations. HubBroker makes this transition seamless by offering:

1. Real-Time EDI Integration

HubBroker enables real-time data exchanges between Dynamics 365 and external partners (customers, suppliers, logistics providers). This eliminates the need for batch updates or manual data transfers, ensuring accurate and timely data flow.

2. Pre-Built Connectors for Fast Implementation

HubBroker offers pre-built connectors for Microsoft Dynamics 365 Business Central and Finance & Operations, allowing businesses to integrate their systems without the hassle of custom development. This reduces the implementation time and ensures a smoother transition.

3. Automated Document Flow

HubBroker automates the exchange of purchase orders, invoices, order confirmations, and delivery notes, reducing manual intervention, saving time, and minimizing errors.

4. EU Compliance Assurance

HubBroker ensures that all documents exchanged via the system comply with EU regulations such as XRechnung PEPPOL and EDIFACT. This guarantees seamless cross-border operations.

5. Industry-Specific Custom Integrations

HubBroker’s solutions are tailored to specific industries like retail, wholesale, and logistics, ensuring that your business operations remain compliant, scalable, and efficient.

FAQs

1. Will I lose access to my data during the transition?
No, HubBroker ensures seamless data consistency during the migration from e-conomic to Dynamics 365.

2. Do I need an in-house developer for integration?
No, HubBroker’s pre-built integrations require no technical resources, and we provide hands-on assistance to ensure smooth implementation.

3. How long will the transition take?
Most clients are fully integrated within 2 to 4 weeks, depending on the complexity of their business processes.

Conclusion: Future-Proof Your Business with Microsoft Dynamics 365

Upgrading to Microsoft Dynamics 365 is a significant step toward scaling your business, enhancing operational efficiency, and staying competitive in a rapidly changing market. With the support of HubBroker’s seamless ERP transition tools, businesses can enjoy faster implementation, uninterrupted data flow, and automation of key processes.

Get in Touch with HubBroker Today for Your ERP Transition Needs

With HubBroker, your business can successfully transition from e-conomic to Microsoft Dynamics 365, equipping you with the tools to thrive in the future. Contact HubBroker Now

Continue Reading

Read more

Microsoft Dynamics 365 F&O: Latest Updates, Benefits and..

In today’s fast-moving business environment, enterprises require scalable, intelligent and integrated solutions to streamline operations, reduce inefficient..