Succeeding in today’s business environment requires leveraging technology to manage finances, monitor performance (in real-time), automate and simplify functions, protect future business outcomes, and maximize productivity. Microsoft Dynamics 365 for Finance and Operations enables businesses to succeed globally by adapting locally to diverse workforces and changing laws with regulatory features covering 37 countries and 42 languages. Generally, Dynamics 365 for Finance and Operations is designed to help advance your business growth by assisting you to adapt to constantly changing market demands.
Dynamics 365 F&O: Global Electronic Reporting
Global Electronic Reporting features configurable e-invoicing, making it easy to adapt to frequent regulatory changes. Finance and Operations provides 50+ workspaces, each with rich views of analytics and processes tailored by roll. Workspaces give real-time insight to big picture performance with drill-throughs and details on every transaction. Hundreds of out-of-the-box reports give a detailed view in the business processes on various dimensions. Customizable tools help support local and international laws, making it easier to generate end of month reports.
The screenshot above shows what creating an electronic report looks like. (Source: MSDynamicsWorld.com)
Dynamics 365 F&O: Predict Future Outcomes
Using historical data, Finance and Operations helps organization predict the future. AI, machine learning, and predictive analytics give strategic insight on upcoming cash flow, enabling better decisions, actions, and outcomes. A common challenge for organizations is predicting when customers will pay. Slow and inconsistent payment restrict cash flow and inhibit both long term planning and daily performance. Through analyzing customer’s payment history, Dynamics for Finance and Operation predicts when invoices will be paid. It also provides organization strategies to maximize the probability of getting paid on time.
Dynamics 365 F&O: Automate and Simplify Business Processes
Dynamics 365 for Finance and Operations simplifies financial operations with tools like vendor invoice automation, vendor collaborations, quote-to-cash, budget planning, budget control, expense management, and recurring invoices. Inter-company movements and regular financial consolidations are simplified as a benefit of using a shared chart of accounts. Configurable data management tools make it easy for organizations to integrate external data and automate approvals.
One of the beneficial features that D365 Finance and Operations offers is Budgeting, which streamlines budgeting efforts. This creates transparency, which leads to accurate financial reporting insights. Below shows the beginning stage of the module where you initially setup your budgeting. (Source: MSDynamicsWorld)
Dynamics 365 for Finance and Operations tightly integrate with Office 365, enabling you to work efficiently with Outlook, Skype, and Excel. Finance and Operations empowers productivity on the go with mobile apps like expense management, vendor invoice approvals, vendor collaboration, and more. These apps also work in offline mode for environments with low or no connectivity. Accelerate into the future of global business.