Wednesday, June 6, 2007

Microsoft Dynamics NAV (Microsoft Business Solution - Navision)

I think it would be appropriate to have this in my blog so as to give an insight of what my job right now entails.

Navision Software is widely considered to be one of the top five accounting systems or ERP solutions in the world today for the mid-range and high-end markets. Some industry experts, including myself, rank Navision as the top accounting system overall.

In 2002 Microsoft acquired Navision for $1.4 billion – the largest acquisition ever made by Microsoft. (This was a very high acquisition price considering that ACCPAC International was acquired the following year by Best Software for just $120 million; even though ACCPAC had more products and far more customers (41,000 to 1.2 million) than did Navision.) Today Navision has been the fastest growing accounting system solution offered by Microsoft. Consider that in 2001, Navision’s growth rate was an astounding 32%, even though the rest of the accounting software industry had been slumping and recoiling from the impact of the Y2K bug. Since then, the Navision software product line has grown steadily and today has approximately 35,000 customers worldwide, and more than 400,000 individual users. The Navision product’s strength and future outlook has never looked stronger.

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