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IQMS Enterprise IQ vs Microsoft Dynamics 365 Business Central comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

IQMS Enterprise IQ
Ranking in ERP
30th
Average Rating
8.0
Number of Reviews
1
Ranking in other categories
No ranking in other categories
Microsoft Dynamics 365 Busi...
Ranking in ERP
3rd
Average Rating
8.2
Reviews Sentiment
7.2
Number of Reviews
63
Ranking in other categories
Activity Based Costing Software (2nd)
 

Mindshare comparison

As of November 2024, in the ERP category, the mindshare of IQMS Enterprise IQ is 0.5%, up from 0.4% compared to the previous year. The mindshare of Microsoft Dynamics 365 Business Central is 6.2%, down from 7.0% compared to the previous year. It is calculated based on PeerSpot user engagement data.
ERP
 

Featured Reviews

VR
Allows customization for production and has good sales, distribution, and quality management features
Previously, we were using a very small ERP called Visual Udyog. Visual Udyog is a very cheap solution. For a startup company, it's useful. It's not an elaborate ERP, but it gives at least 25% of what IQMS gives. It can give 25% or even close to 50% of what IQMS can give and at 10% of the cost. Initially, for the first five years of the company, where it has only one million turnover or two million turnover, it is enough. Once you want to scale up, you have to go to SAP or IQMS. I also worked with SAP. I would say that IQMS and SAP go hand-in-hand.
StefaanVandesompele - PeerSpot reviewer
Provides end-to-end accounting and finance module at reasonable pricing
365 Business Central integrates with Office 365 to streamline the invoice approval process. This allows businesses to manage and approve invoices efficiently within a unified system. Our organization plans to transition to the Dynamics 365 environment, where various functions will be centralized. We will consolidate everything into one system instead of maintaining multiple databases for each country with local data. Dynamics 365 is fully integrated, which should address many of our challenges when we migrate to this new environment. We look forward to seeing how it performs in practice. The project is progressing well overall, though integrating it with other tools and ensuring Dynamics 365 operates smoothly can be challenging. Dynamics 365 is user-friendly and effective. However, a deeper understanding of its technical capabilities and architecture might be necessary to optimize its use fully. The software landscape is evolving, and achieving the best reporting and functionality with just a click can be complex. A clear vision of what you want to achieve with Dynamics 365 is essential. Proper preparation and configuration are crucial to achieving the desired outcomes. This principle applies not only to Dynamics 365 but to all software packages. Understanding the system's flexibility and adaptability based on your specific business needs is key to its successful implementation. Overall, I rate the solution an eight out of ten.

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"This solution has all of the features you need: sales, distribution, supply chain. It has logistics and production management capabilities. It has so many modules, which were integrated using our expertise."
"We are getting more features after switching to Microsoft 365."
"One developer is enough to maintain the solution. Microsoft 365 is changing technology. The product is a user-friendly ERP solution."
"The product is customizable so we can tune it according to our requirements."
"Microsoft products are very good in general. This product is flexible, easy to use, intuitive, and has good capabilities."
"The tool covers most of the business requirements that most companies have, especially financial institutions."
"The most valuable features of Business Central for me are its seamless integration with Power BI and the ability to create customized reports."
"This is readily available and affordable, as well as user-friendly and simple to use in my opinion."
"Microsoft Dynamics 365 Business Central is extremely stable as it does not rely on our in-house servers."
 

Cons

"Setup is very complex."
"The solution can improve by having better integration with Microsoft PowerBI and reporting."
"The price of Microsoft Dynamics 365 Business Central could be reduced."
"I think Microsoft should improve on the process of how the user decides on a business workflow. For example, there may be some kind of drag-and-drop interface that lets us decide for ourselves how to develop the business workflows that fit our purpose."
"I am hoping there is more integration with other platforms, more features, and customization in the next release."
"Microsoft Dynamics NAV could improve the reporting."
"For a big company like us with millions of transactions, the scalability isn't enough."
"In Thailand, the support here could be better. The process to get an answer is too long."
"If Microsoft made some of the security setups a little easier to work with, that would be a significant improvement. The warehouse management features could also use some work. We had to buy third-party software to make NAV's warehouse management and security more usable and functional."
 

Pricing and Cost Advice

"We paid about 20% with the purchase order. Six months later, we paid another 20%, and then another 20% after another six months. We paid the remaining 40% after 18 months."
"The per user price of $100 a month is better than competitors."
"In my opinion, the fees are reasonable."
"The price of Microsoft Dynamics 365 Business Central is reasonable."
"The on-premises model of Dynamics NAV is very expensive, hence our plan to migrate to Dynamics 365 Business Central, which appears to fit our needs better in terms of pricing. Compared to competitors, the cloud version of Dynamics is in the middle; not too high and not too low."
"I give the solution a seven out of ten for pricing."
"The price of the solution is reasonable."
"The price of Microsoft Dynamics 365 Business Central is reasonable. We pay monthly for the use of the solution."
"The tool’s licensing is yearly. The solution is cheaper compared to other ERP products from Oracle or SAP."
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Top Industries

By visitors reading reviews
Manufacturing Company
17%
Computer Software Company
13%
Healthcare Company
11%
Energy/Utilities Company
9%
Computer Software Company
15%
Manufacturing Company
10%
Financial Services Firm
7%
Government
6%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
 

Questions from the Community

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What do you like most about Microsoft Dynamics NAV?
The platform offers a robust and comprehensive cycle for supply chain and inventory management, with features like minimum and maximum settings, dynamic monitoring of inventory levels, and integrat...
What needs improvement with Microsoft Dynamics NAV?
Implementing localizations when we use the system for multiple countries can be quite complex. There isn't a single solution available for all countries, and managing these localizations can be cha...
 

Also Known As

Enterprise IQ
Dynamics NAV, MS Dynamics NAV
 

Learn More

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Overview

 

Sample Customers

Poly-Cast, Custom Profile, Nicolet Plastics, Double H Plastics Inc., Network Plymers, Load Trail, Mar-Bal Inc., Donnelly, Steinwall Scientific, Nissen Chemitec America, Miniature Precision Components
Harris Farm Markets, Mister Spex GmbH, Bounce Foods, Eurofin Services SA, Medica Medizintechnik, Associated Gaskets, Onduline, Sitka Surfboard Corporation, World Animal Protection
Find out what your peers are saying about SAP, Microsoft, Oracle and others in ERP. Updated: October 2024.
816,406 professionals have used our research since 2012.