Tasks you can solve with Microsoft Dynamics 365 Finance
Microsoft Dynamics 365 Finance being a part of the Microsoft ERP system has a lot more to offer than regular accounting software.
Besides the possibility of maintaining the general ledger of your company, keeping a track of its expenses and incomes and performing billing and invoicing, you will also be able to work with project accounting, store and upgrade information about the fixed assets of your company, manage its payable and receivable accounts. Additionally, Microsoft Dynamics 365 Finance maintains compliance with tax systems of different geographical locations, making international transactions fast and easy.
On top of that, this tool is powered by business intelligence for forecasting. A great illustration is the estimation of the time of invoice payment based on the history of payments. Such information can be used for better financial planning in the future.
Advantages of Microsoft Dynamics 365 Finance
As you now know, one of the benefits of Microsoft Dynamics 365 Finance is certainly its built-in analytical tool based on the Microsoft Power BI.
Yet, the analytics of this tool reaches even further due to Azure and Cortana artificial intelligence functionality. Working with descriptive statistics of your company, the AI instruments will reveal complex trends and allow you to make proactive decisions, omitting hidden risks and utilizing more possibilities.
Of course, you should not forget about one of the primary aims of Microsoft Dynamics 365 Finance, which is minimizing costs of accountancy with automation. In addition to it, this tool has been designed for better integration with other modules of the Microsoft ERP, including its BI and CRM.
Using this tool suite, you will also be able to enjoy maximum safety of your data with cutting-edge cybersecurity technology and disaster recovery procedures.
The functionality of Microsoft Dynamics 365 Finance can be used on various modern platforms and devices. All of this comes with a user-friendly interface.
Are you already using Microsoft Dynamics AX 2012?
When Microsoft Dynamics AX 2012 was launched, it struck users with the high quality of its services, which are still meeting the expectations of many companies. Still, if you are looking for ways to be even more competitive, apply the most innovative functionality and decrease the expenses by reducing redundant services while optimizing the ones that are really needed, an upgrade to Microsoft Dynamics 365 will be a great move for you.
Additionally, with regular ERP upgrades, you will be able to avoid massive implementations which can be disruptive for the business process.
If you enjoyed this post, keep reading our blog for more content.
