Any modern business looking to maximize cash flow; increase financial visibility and profitability; or prepare, make informed decisions, and thrive in the face of disruption needs an enterprise resource planning (ERP) system to do so.
Serving as the digital core and single source of truth for your organization, ERP systems—such as Microsoft Dynamics 365 Finance—have proven themselves to be mission-critical to operations for the vast majority of IT directors and finance managers today.
Here’s a comprehensive rundown of Microsoft Dynamics for finance—what it is, how it works, and why it’s a game-changer for businesses’ operational efficiency and financial management.
The latest data from Deloitte shows that finance leaders prioritize capability fit when choosing an ERP solution, as well as considering key factors like extensibility, the user experience presented to their customer base, and the total cost of ownership. With Microsoft Dynamics for finance, check all your boxes—and then some.
Microsoft Dynamics 365 Finance is an AI-driven, enterprise-grade finance ERP solution that boasts intuitive role-based workspaces, intelligent budgeting and forecasting, and a wide range of holistic financial reports and analytics capabilities. Popularly, businesses have migrated to the cloud from Dynamics AX to Dynamics 365 for Finance and Operations for its capabilities, as well as the range of consulting services offered.
Get empowered to predict outcomes, make data-driven decisions, and drive business agility and growth.
Automatically process vendor invoices, offer product assistance, effectively manage credit risks and collections, and provide a single source of truth for business intelligence. Plus, do it all without siloed data and unnecessary inefficiencies.
Take advantage of a global view of financial data to improve forecasting and better adapt to complex, changing business and market circumstances.
For example, with Dynamics 365 for finance, you can easily make sense of complex financial histories to stay on top of complicated billing and payment processes at multiple sites. Or, you can use real-time reporting, embedded analytics, and AI insights to reliably predict customer payments and cash flow, and embrace agility with intelligent budget proposals.
Want to be ready and stay ready to keep pace with evolving business needs? To reimagine your financial models so you can remain agile in the face of change and disruption?
By integrating finance-focused ERP software into core processes, you can automate tasks to boost productivity, support evolving business models, and maximize financial performance. Choose Microsoft Dynamics 365 for finance—your key to accessible insights, augmented processes, and simplified compliance—for a solution that lets you enhance financial planning and decision-making, automate business processes, reduce costs, and decrease risk.
According to a 2022 Forrester Consulting study conducted on behalf of Microsoft, businesses who have implemented Dynamics 365 Finance have seen, as a result:
So, it’s clear that businesses leveraging Dynamics 365 Finance are doing more in fewer business days. But still, on average, only 20% of companies manage to capture more than half the projected benefits from ERP systems.
A partner like Cavallo can ensure that you maximize customer retention, leverage the most powerful automation tools at your disposal, reach new levels of efficiency, and reduce ERP waste. And if you’re running Dynamics 365 Business Central in tandem with Dynamics 365 Finance, Cavallo for BC is your all-in-one efficiency tool, designed to make the most of your ERP investment, both short- and long-term.
Microsoft Dynamics 365 for finance is a one-stop shop for organizations hoping to assess the health of their business, improve financial controls and financial models, and make decisions that drive growth—quickly and with ease.
It’s time to embrace the ERP system allowing brands to strengthen financial and operating models, adapt faster, work smarter, and perform better by connecting data and automating tasks. And fortunately, the path toward the future of financial control is wide open. Reach out to our team of experts to learn more.