The aquaculture industry is in constant flux. Innovative production methods, traceability, and client demand for both sustainable packaging and minimal environmental impact are driving the aquaculture industry to review and re-think their approach to how they raise, harvest, and package their product. These client demands help formulate a new approach to how aquaculture companies run their operations and how to improve technology, particularly Microsoft Dynamics 365 Finance and Supply Chain Management, to meet these challenges.
The increasing demand for seafood requires that farmers and producers better understand the new pulse of their business to control production and increase profitability. Utilizing legacy and inferior finance and manufacturing systems to manage and perform fish-farming operations puts stress on long-term growth by increasing operational costs while failing to bring complete visibility across the organization.
Recently we partnered with Atlantic Sapphire, which required a robust finance, accounting, and operations solution to help manage their expected growth while accurately reporting to their stakeholders. In this blog, I want to share the knowledge we acquired working with them to display three effective ways a robust system such as Microsoft Dynamics 365 Finance and Supply Chain Management offers to help you optimize and innovate while setting the foundation for future growth.
Expansion and growth may sometimes lead to an increase in staff. Dynamics 365 is designed to help you manage that growth while helping to maintain staff levels low. By allowing organizations to take advantage of AP automation, AR Automation, Travel and expense integrations, and full intercompany functionality, you can manage your operations across legal entities with speed and minimal increase in overhead costs while obtaining full visibility of your complete finance dimension.
The primary goal of your business is to produce quality seafood. To accomplish that, you use various types of equipment that need constant maintenance, from tanks to RAS to warehouses and spare parts; all must be organized and tracked to manage the biomass lifecycle from hatchery to harvest correctly.
Dynamics 365 Finance and Supply Chain Management helps you generate accurate costs of your product by tracking inputs (feed, oxygen, etc.) throughout the product lifecycle allowing your company to understand your actual costs and help you make pricing, purchasing, and operational decisions to maximize profit.
It is challenging to evolve the way you work. Migrating from your legacy aquaculture software and starting using a cloud-based ERP (Enterprise Resource Planning) might seem overwhelming, but the benefits far outweigh the negatives. A modern, cloud-based solution like Microsoft Dynamics 365 Finance and Supply Chain Management may help you reduce costs and increase profitability by providing an overall view of production phases, inventory, warehouse management, and more. Dynamics 365 provides the advantages and benefits of focusing on the essential tasks to ensure your future growth.
The core value of Microsoft Dynamics 365 is as an end-to-end solution. Every process can be controlled, managed, performed, and viewed on a single platform. We aim for the simplicity of operations, the facilitation of procedures, and, more importantly, the chance to take strategic decisions based on the powerful insights provided by Dynamics 365.
Historically, we understand that aquaculture operations have used multiple aquaculture systems to manage production, accounting, human resources, and more. Microsoft Dynamics 365 minimizes the number of software your company needs allowing you to focus on the seafood. Besides, if you have legacy systems that are critical to your operations, Microsoft Dynamics 365 APIs and web services can easily and quickly connect to your existing systems. This hybrid approach allows you to capture valuable data within Dynamics 365 and minimize double entry.
A tremendous robust ERP can seem challenging. Yes, it benefits all areas, generates productivity and efficiency while laying a foundation for continued growth, but it is not always that easy. It requires a process of analysis, implementation, integration, and support. The most crucial step in choosing an ERP is to choose the right partner. You want a partner with industry experience that understands your challenges, goals and helps guide you through the implementation.