Dynamics 365 for Financials and Dynamics NAV are business management solutions for small and mid-sized organizations that automate and streamline business processes and help you manage your business.
Microsoft Dynamics NAV and Dynamics 365 for Financials are very similar products. The Dynamics 365 for Financials was earlier known as “Project Madeira”. These two solutions aren’t really competitors. They target different markets and address different needs. Dynamics 365 Financials is a complete cloud SAAS solution based on the NAV platform. Therefore, two ERP systems have more things in common than things that set them apart.
Most likely the biggest difference between the two solutions is deployment.
Dynamics 365 for Financials is purchased as software as a service. The benefits here are lower cost, scalability, accessibility, etc.
Dynamics NAV, on the other hand, has a little more flexibility in this regard. You can host the software on your own servers, or