Unlock Vendor Insights with New Business Central Company Size Feature
If you're not using the Company Size feature in Microsoft Dynamics 365 Business Central, you're missing out on an easy way to improve vendor management. This feature lets you classify vendors by size—small, medium, or large—so you can take smarter approaches to negotiations, reporting, and risk management.
Here’s how the Business Central Company Size feature can help:
Tailored Strategies
Classifying vendors by size allows you to tailor your business strategies. Whether you're working with a small supplier or a large corporation, you can adjust your approach to make negotiations smoother and relationships more efficient.
Easy Reporting
Want to know how much you're spending with small vendors vs. large ones? The Business Central Company Size feature lets you segment vendors for precise reporting. This way, you can see where your money is going and adjust your procurement strategies for the best impact.
Compliance and Diversity
If you need to track vendor size for compliance reasons or diversity initiatives, this feature makes it easy to stay on top of your goals. Whether it's for government contracts or internal diversity efforts, you’ll have clear visibility into your vendor relationships.
Better Risk Management
Larger vendors may offer stability, while smaller vendors can be more agile but come with financial risks. With the Company Size Feature, you can quickly assess vendor risk based on their size, helping you make better decisions.
Want to make the most of Business Central’s reporting tools? Reach out to us for Business Central support or Business Central implementations.
Contact us now and let's get your business growing!