Comparing Dynamics 365 Business Central with KPMG’s Wiise
First is first; KPMG’s Wiise is actually Dynamics 365 Business Central which is shipped with a few standard setup templates and a plugin to import Bank Feeds for Australian banks. KPMG found a gap in the standard Dynamics 365 Business Central because it hasn’t yet launched an integration with Australian Banks (only US Banks and a few other regions), so they re-branded Microsoft’s product and shipped it under a new name.
So, why does Wiise exist alongside Dynamics 365 Business Central in Australia? Well, that’s just how it usually works in software; when a product is launched; someone can brand it with a few customisations and extensions to suit a particular group of companies or industries and re-ship it as a new product. In this case, Dynamics 365 Business Central is re-branded with a few extensions and templates then re-shipped to small businesses as Wiise.
Pros and Cons
There are pros and cons to implementing Dynamics 365 Business Central or a pre-configured Dynamics 365 Business Central; one for instance is the fact that a pre-configured instance may not be suitable for a company thinking about their own processes and want to customise the system a little to suit their needs; whereas this might be a great option for a small company that doesn’t mind the standard templates to get started using the system. Another example is the upfront costs involved (both Dynamics 365 Business Central and Wiise end up costing you the same really) which we will review briefly below.
Cost & Feature Comparison
When you compare Business Central and Wiise in terms of features; you don’t find any differences really; they are identical because they are the same software; just named differently. The only big difference which is seen as important by small business that don’t have external accountants and rely heavily on internal staff to reconcile bank is the Automatic Bank Feeds; Business Central has manual bank feeds whereas Wiise has Automatic Bank feeds. Here is a little more in a table:
|Dynamics 365 Business Central||Customised Business Central (Wiise)|
|Deployment Method||In-house consultation||Template Automated|
|Monthly Cost||89.20 AUD||119 AUD|
|3 Year Cost||3,211.20 AUD||4,284 AUD|
|Basic Analysis, Setup and Configuration (Template-based)||Free – 500 AUD||990 AUD|
|Advanced Analysis, Setup and Configuration||1700-5540 AUD||Unknown|
|Data Migration (approximated per source)||1360-5540 AUD||Unknown|
|Custom Document Templates||Included in Adv Setup||Not included|
|Bank Feeds||Manual imports||Automated imports|
|Integration with Dynamics 365 CRM||Yes||Yes|
|Control over Customisation||Yes||No|
|Functionalities included||Same functionalities (refer to Appendix A)|
FEATURES AND UPDATES
When you login to Dynamics 365 Business Central and to Wiise you notice the url is different:
- The configurations in wiise are based on NAV 12.3 whereas Business Central moved on to NAV 13.0
- You can notice a difference in the layout (Business Central having updated to the new version).
In other words, there seems to be a lag between Wiise updating the core features and Business Central updates (business central updating faster than Wiise).
So the question then becomes; what happens when the Dynamics 365 October Rlease comes in? – some have answered that by saying Wiise will have to look at the compatibility of its current customisations before being able to provision the October Release Updates. Which will bviously put Wiise clients at a disadvantage compared to their Busniess Central Peers.