Microsoft Dynamics NAV 2016 is an ERP system. An ERP system integrates internal and external data across a variety of functional areas including manufacturing, accounting, supply chain management, customer relationships, service operations, and human resources management, as well as the management of other valued resources and activities. By having many related applications well integrated, a full featured ERP system provides an enter data once, use many ways information processing toolset.

NAV 2016 ERP addresses the following functional areas (and more):

• Basic accounting functions (for example, general ledger, accounts payable, and accounts receivable)
• Order processing and inventory (for example, sales orders, purchase orders, shipping, inventory, and receiving)
• Relationship management (for example, vendors, customers, prospects, employees, and contractors)
• Planning (for example, MRP, sales forecasting, and production forecasting)
• Other critical business areas (for example, manufacturing, warehouse management, marketing, cash management, and fixed assets)