Dynamics 365 Finance
Microsoft Dynamics 365 Finance (formerly called Dynamics 365 for Finance and Operations/Dynamics AX) is Microsoft’s brand new cloud ERP application for finance leaders in medium to large organisations. It is packed with finance focussed features, helping finance leaders to make smarter decisions and transform business processes. So, what are the challenges that finance leaders need to resolve? And how does Dynamics 365 Finance help them to overcome challenges?
Finance leader challenges
Dynamics 365 Finance helps finance leaders overcome challenges and drive growth. It provides them with a modern, adaptive and intelligent solution that supports their unique requirements. It enables finance leaders to adjust to continually changing business environments rapidly. A finance leaders goal is to make impactful day-to-day decisions that ultimately result in the profitability of their business. Finance leaders are faced with the following challenges:
- Managing the financial health of the business today, while planning for a sound future
- Obtaining timely, accurate financial data
- Employing new technology to streamline processes and improve productivity
- Responding to constantly changing local and global requirements
How Dynamics 365 Finance helps finance leaders resolve challenges
- Real-time data – Dynamics 365 Finance empowers finance leaders to instantly manage financials with current real-time data and forecasts to support their decisions
- Monitor financial health – Dynamics 365 Finance provides multiple views on business performance and allows finance leaders to drill down on metrics while managing all data sources from a single screen
- Prioritise team workloads – Dynamics 365 Finance provides workspaces with role-based views and functions, helping finance team members to focus, perform and prioritise with the aid of pertinent insights shared through desktop and mobile views
- Make informed projections – Finance leaders can use the Machine Learning (ML) and predictive analytics capability in Dynamics 365 Finance to make informed projections that empower effective planning for tomorrow as well as maximising financial performance today
- Predict when customers pay – Dynamics 365 Finance helps finance leaders predict when customers will pay. Slow and inconsistent payments are common challenges in finance departments. Dynamics 365 Finance predicts when customers will pay based on multi-tiered historical analysis, which helps finance leaders better allocate funds and spot credit risks before shipping large orders
- Regulatory and electronic reporting – Dynamics 365 Finance stores all compliance-related information in a single place, enabling finance leaders to deliver ongoing compliance and regulatory requirements and reduce the time and costs of providing regulatory reporting
To help finance leaders further, Dynamics 365 Finance offers standard integration features with other parts of the Dynamics 365 family, such as Dynamics 365 Supply Chain Management, Retail and Talent, providing a full end-to-end business solution for all commercial needs.
For more information on Dynamics 365 Finance read our guide, which includes all the new finance focussed features to improve financial visibility and profitability.