Microsoft Dynamics 365 Finance and Operations, formerly known as Dynamics AX, offer organizations an extensive view of their financial data. Also referred to as Microsoft Dynamics Financials, it helps businesses with the implementation of intelligent and solid decisions.
After deploying Microsoft Dynamics Financials, you would be innovating and growing your organization into new territories. Nowadays, to stay ahead of the competition, you need to organize and optimize your business processes.
As customers demand higher response times and exceptional service, organizations are leveraging technology to meet increasing expectations. Microsoft Dynamics 365 for Finance and Operations is Microsoft’s business application.
You will be able to unify financial and business operations to access real-time visibility with Microsoft Dynamics Financials. And if you are considering an upgrade to Microsoft Dynamics 365 Financials, it is imperative to know its benefits.
In short, you would be able to implement a calculated decision. So here are some of the advantages of opting for Microsoft Dynamics 365 Financials.
It is an Extensive Business Application
Always remember that Dynamics 365 Financials is a sophisticated ERP solution that has immense capabilities. If your organization needs comprehensive business applications like asset management or warehouse management, Dynamics 365 Financials is your best bet.
Moreover, the core functionalities of Dynamics 365 Financials are workflow, budgeting, requisitions, etc. So as you can see, the broad range of modules makes Dynamics 365 Financials quite impressive.
Openness to a Broad Range of Platforms
The latest version of Dynamics 365 Financials is compatible across a wide range of platforms and devices. In short, you wouldn’t acquaint issues related to installment and customization. But it is always advisable to opt for professional implementation partners to operate the platform seamlessly. Furthermore, the cloud version makes Dynamics 365 Financials highly compatible across a wide range of devices.
Comes equipped with AI Predictive Abilities
Dynamics 365 Financials comes equipped with the latest Cortana and Azure Machine Learning capabilities. The advanced algorithms of both these AI platforms can significantly ease your overall business processes. Based on the AI platform, Dynamics 365 Financials can readily integrate into your company’s IT infrastructure.
Provides Complete Transparency and Control
With Dynamics 365 Finance and Operations, you would be availing complete transparency over your company’s financial processes. For instance, you will have clear visibility into your organization’s forecasting, accounting, budget flow, etc.
Impressively, it also has multi-language and multi-currency capabilities. In short, you would be able to operate in various countries simultaneously. What’s more, you would also be able to consolidate transaction-related data. Here is the list of some of the other financial benefits you would get with Dynamics 365 Financials.
Comprehensive cash flow management functionalities
Improvement in the efficiency of financial transactions
It comes with a user-friendly and intuitive interface
Extensive support for long-term strategic planning
Allows you to execute business processes across the globe
An Ideal ERP Solution for Manufacturing
Apart from managing your financial operations, it would also help to automate the manufacturing department. Microsoft Dynamics also supports integration with existing systems and lowers your ownership costs.
Note that Dynamics 365 Financials supports material and capacity planning. In short, you would be able to optimize materials and production planning. With Dynamics 365 Financials, you would also be able to facilitate production scheduling. Dynamics 365 Financials is also a class apart when the context is about demand forecasting.
So as evident from above, Dynamics 365 Financials has a vast range of benefits for your organization. Opting for a Microsoft Dynamics consultant would be a great option. This is because they can help with customization and upgrades.
