Microsoft Dynamics NAV
From Wikipedia, the free encyclopedia
Microsoft Dynamics NAV is an enterprise resource planning (ERP) software product from Microsoft. The product is part of the Microsoft Dynamics family.
It has gone through several name changes since 1995 as the original Navision company or Microsoft has tried to decide on how it should be marketed. This means that the names "Navision Financials", "Navision Attain", "Microsoft Business Solutions Navision Edition", and the current (2006) "Microsoft Dynamics NAV" all refer to essentially the same product.
It is intended to assist with finance, manufacturing, customer relationship management, supply chains, analytics and electronic commerce in Small and Medium-sized Enterprises. However, due to the fact that VARs (and customer if they pay for it) have full access to the business logic source code it can be "extensively customized."
On July 11, 2002, Microsoft bought Navision A/S, the original developer of Navision products to go with its previous acquisition of Great Plains. After the purchase, Microsoft rebranded the product and released Microsoft Dynamics NAV 4.0 in October, 2004. Microsoft will release Microsoft Dynamics NAV 5.0 in 2007.
In 2000, Navision A/S was born from a merger of Navision Software A/S and Damgaard A/S, both listed on the Copenhagen Stock Exchange since 1999. The companies were founded in Denmark in 1984 and 1983, respectively.