Top 7 Capabilities of Microsoft Dynamics 365 Finance & Operations

  • With increasing competition, the demands of customers are increasing too. When they pay for something, they don’t want to compromise with anything, be it product quality, customer service, user-experience, etc.

  • To ensure greater customer satisfaction, businesses need to leverage technologies to transform their end-to-end operations. And of course, keeping up with the innovation and flexibility is the most important to ensure greater ROI.

  • The Microsoft Dynamics 365 Finance & Operations is the complete package of ERP solutions that serve large and global enterprises.

  • It integrates with Microsoft Dynamics 365 CRM, Power BI, and Office 365 applications to deliver fast and efficient business outcomes.

  • The finance department of any company is the most important one. From managing your employee’s salary accounts to keeping track of the company’s sales and purchases, they look after all financial operations. With changing scenarios and work patterns across the world, new challenges are being faced by the businesses.

  • Is your financial team struggling with managing their tasks with ease and accuracy? Have your account data-entry processes become more time-consuming and less accurate?

  • What if you could have greater accuracy and proficiency in a task that takes less time to be accomplished?

  • Automating your financial operations can reduce the burden of your employees and shift their focus on other important tasks. If you want to take your business ahead of the competition, here is the way!

  • Let’s take a closer look at how Microsoft Dynamics 365 F&O helps you to make smarter decisions and grow faster.

7 Key Capabilities of Microsoft Dynamics 365 for Finance and Operations

Let’s focus on the top 6 aspects that tell how important it is to implement effective warehouse management across your inventory.

  • 1. Elevate Your Financial Performance

    • Boost profitability & productivity within the centralized and global financial management system.
    • Lower up the operational expenses across the business counties.
    • Make better decisions with embedded analytics in real-time.
    • Empower automated processes for streamlined asset management.

  • 2. Manage Crucial Finance Operations

    • The fast and efficient way to register financial transactions.
    • Manage relationships between subsidiaries & parent organization.
    • Manage internal cost accounting, currency translation, and reports in any supported currency.

  • 3. Setup and Handle General Ledger

    • Ensure flexible configuration options for the setup general ledger for smooth financial accounting.
    • Share data in the form of charts for better visibility.
    • Create flexible journal entries or currency exchange rates across multiple legal entities.
    • Track your financial closing processes across companies, areas, and people.

  • 4. Budget Planning

    • Get smarter with effective budget planning of organizational expenses.
    • Configure your accounting system settings with flexible and scalable options.
    • Perform a quick calculation of available budget funds.
    • Establish budget pooling.
    • Effectuate the review and approval with easy budget workflows.
    • Add customization to your process configurations, workflows, and budget planning worksheets.
    • Make budgeting easier by giving your team members easy-to-use tools.
    • The user wizard will help them create budget plan worksheet templates for Microsoft Excel.
    • Employees can automatically route their budget plans with worksheets, justifications, and attachments.

  • 5. Financial Reporting

    • Enable custom reporting structure through the setup of financial statements.
    • Ensure easy mapping of ledger accounts and reporting structures.
    • Stay compliant with legal requirements and international accounting standards.
    • Keep your balance sheet, income statement, and cash flow statements updated with automation.

  • 6. Business Intelligence (BI)

    • Digitize Your Business Processes with the Power BI platform.
    • Get full integration of the market-leading Microsoft business technologies like – Microsoft 365, Microsoft Power Apps, and Power BI.
    • Power BI can display its full capabilities, especially in finance because reports from various company sources can be generated quickly and easily if required.
    • Get required help and support in strategic decision-making.

  • 7. Individual Adaptation

    • Get full control and you won’t have to pay for the entire license. You can choose the features that you’d need and pay accordingly.
    • The system adapts to your additional needs and requirements and grows with you.
    • It will offer flexibility in terms of your scalability.

Microsoft Dynamics 365 Finance & Operations is loaded with all the organizations’ core processes and data operated from one centralized location.

Its outstanding capabilities ensure standardized operations, better visibility, and simplified compliance.

Narola Solutions can offer:

We are a leading Microsoft Dynamics 365 partner with over 15 years of experience. We provide end-to-end services for MS Dynamics 365 implementation, upgrade, support, as well as customization.

Our earnest and dedicated efforts are to keep our team, assets, relationships, delivery capability, and service portfolio at their best. We are a trusted Microsoft Dynamics 365 partner helping businesses to grow at their pace.

If you want to take your accounting and finance operations to the next level, connect with us. Our experts will guide you with the in-depth knowledge for the same. They will also help you understand which system and solution would fit the best to your business goals.

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