Dynamics 365 Finance helps you adapt to rapidly changing business environments. It gives you everything you need to control finances and manage funds for financial planning and forecasting and helps you stay up to date with analytics tools. Dynamics 365 Finance is Microsoft’s financial management business application. It allows medium and enterprise organizations to:
Monitor the performance of global financial operations in real time.
Predict future outcomes.
Make data-driven decisions to drive growth.
Dynamics 365 Finance gives you tools and services to transform your business functions and processes. It helps you meet your business requirements and supports the effort to modernize your finance functions. Integration with first- and third-party solutions helps make technology unification possible for administrative functions.
The following figure outlines the key business functions of the Microsoft system supporting modern finance with Dynamics 365 Finance.
Accelerate your business growth
Dynamics 365 Finance helps you adapt to changing market demands quickly and drive business growth rapidly. It gives you unified global financials and operations features that allow you to make fast, informed decisions.
With built-in controls, you gain insight into your financial data and have a 360-degree visibility across all operating units. You can use these insights to make intelligent decisions to stay competitive in today’s fast and ever-changing global market.
Benefits of Dynamics 365 Finance
Dynamics 365 Finance allows you to:
Drive strategic financial decisions: You can assess the health of your business, improve financial controls, optimize cashflow, and make strategic decisions to drive growth faster. You achieve this growth with Dynamics 365 Finance’s unified, global, real-time financial reporting, AI embedded analytics, and predictive insights.
Unify and automate financial processes: You enable smarter, faster actions and decisions with role-based workspaces that show interactive data visualization. These visualizations give you a high-level view of your key business metrics and the ability to monitor and improve the health of your business. This awareness allows you to prioritize and automate tasks to save time, reduce errors, and increase productivity with integrated tools and applications, such as Office 365.
Decrease global financial complexity and risk: You can adapt to changing local and global financial requirements quickly with a flexible, guided, rules-based chart of accounts and dimensions. This tracking helps you manage your financial operations accurately even with regulatory requirements that change often. The no-code configuration service simplifies regulatory and tax reports, e-invoicing, and payments.
Accelerate your business growth: With robust financial intelligence and embedded analytics in real time, you can adapt to changing market demands quickly and drive rapid business growth by unifying global financials and operations. It allows people to make fast, informed decisions.
Three main goals of a financial management system in any organization are:
Maximize profit: Earning maximum profits in the short term and the long term depends on financial awareness. Dynamics 365 Finance keeps all financial transactions in a ledger and offers tools and features to provide insight into incurring costs and projected revenue so that you can make proper decisions.
The general ledger module is the core of Dynamics 365 Finance and we integrated it with other subledgers so each department can manage its own books without disrupting the general ledger.
The cash and bank management module allows you to manage your banks and balances and reconcile the bank statements with the general ledger.
Maximize wealth: With Dynamics 365 Finance you can manage your cash flow, earn maximum wealth for your shareholders, and improve your organization’s chances of success. Your organization must have a good cash flow to pay the daily expenses such as wages, rent, electricity bills, and more. Companies with a good cash flow can take advantage of opportunities such as getting cash discounts on purchases, making large-scale purchases, giving credit to customers, and more.
Operational consistency and efficiency: Prompt month end closing, and correct reporting are imperative for overall operational health of your organization. These tasks are critical as you give the information to management and shareholders. Dynamics 365 Finance capabilities such as a shared chart of accounts across multiple legal entities and dashboards with a global view of an organization allow you to do more.
