Microsoft Dynamics 365 for finance and operations

If you are reading this, chances are that you probably have already heard about the massive positive business implications of the Dynamics 365 finance and Operations module.

Offered as part of the Microsoft Dynamics 364 package, the finance and operations modules come with strong features and functionalities. Assisting businesses to lower the operational expenses and make intelligent business decisions. Leveraging the automatic financial processes backed by advanced AI. Dynamic 365 Finance and operations offer various customization options to businesses to address operational reporting concerns within its interface.

But is the Dynamic 365 Finance and Operations equally well-suited for all businesses?

Well, in this blog we will have come up with five key identifiers that will help you determine if the D365 Finance and Operations is the right choice for your business. Whereas, in the later section, we will be looking at some key benefits of the module for businesses.

Is Dynamic 365 Finance and Operations the right choice for your business?

Let’s see some qualifiers to help you determine the efficiency of the module for your business:

Cloud and on-premise operations

Dynamic 365 Finance and Operations ideally suit companies that understand the benefits and positive implications of cloud computing. So, whether your business is already utilizing the cloud or you are just looking to make the move, Dynamic 365 Finance and Operations is the right choice, as it is developed with a “Cloud-First” philosophy and not “Cloud-only”, which leave businesses with the freedom to make the choice.

The same goes for “Always-On” organizations where the operations must never be shut down like healthcare facilities or emergency services. Integrating a “Hybrid” technology gives the edge to always keep their operations up and running over cloud and on-premises.

Extensive business applications

The second qualifier for Dynamic 365 Finance and Operations are businesses with broad business applications. These include warehouse management, financial services, asset management, or professional services. Furthermore, Dynamic 365 Finance and Operations brings in extensive features and capabilities along with complementary tools like Dynamic 365 for sales or Talen to ensure such businesses are able to meet all their operational & financial requirements.

Dynamic 365 Finance and Operations include support tools for processes like budgeting, requisitions, workflow, multi-company capabilities, and consolidated reporting. All these processes help companies deal with all their operational needs effectively and efficiently.

Integrated systems

In today’s competitive business environment, companies are increasingly looking for integrated systems that can help them get insights and visibility across all business functions. Traditional systems make it hard for companies to share data between different business functions like sales, operations, marketing, and others. This is because they require manual processing with legacy systems like Excel to integrate and share data. Subsequently, this leads to lower efficiency and reduced productivity. With Dynamic 365 Finance and Operations, users get access to the Common Data Service that’s designed to increase its functionality as the business grows. The Power BI that comes with the Dynamic 365 Finance and operations enables users to leverage an interactive dashboard with robust monitoring and reporting capabilities within the application, significantly enhancing the operational efficiency for businesses.

This also means that businesses currently utilizing different applications like Human Resources, Sales, Marketing, Project Management or other ERP systems can significantly benefit by switching to the Dynamics 365 Finance and operations, not just to improve the efficiency of operations but also manage their costs more effectively with an integrated system.

Scalability

A common problem faced by businesses is the inability of their financial and operational system to keep up with the scalability of the business. Legacy systems utilized by businesses are too rigid to allow for business scalability. In fact, at times they act as a resistive force towards business growth.

Businesses that are ready to scale beyond their potential, need adaptive, scalable systems that can grow with the business operations. The Microsoft Dynamics 365 scalability options ensure businesses are free from scalability worries. Even if your business doesn’t need the complete functionality and features offered by the Dynamic 365 Finance and Operations, the integrated system will ensure that your business is better prepared for the technological needs as you expand your operations into new markets.

Benefits of Microsoft Dynamics 365

Now that we are done with our qualifiers to determine which businesses need to integrate Dynamic 365 Finance and operations, let’s move on to our next section and look at some of the benefits to gain by integrated Dynamics 365 finance and operations.

– Cost-Effective

One of the major advantages of integrated Dynamics 365 is the reduction in operations costs. The system enables companies to eliminate redundant resources used in various business functions; optimizing the operations costs through automation. With advanced automated intelligent features and tools, Dynamics 365 enables businesses to get control over the entire business operations. All the while, accessing key insights and details regarding the performance of different business functions.

– Predictive AI

As a tech giant, with Microsoft, you can expect state-of-the-art technological features integrated into the Dynamics 365 finance and operations. The system leverage powerful machine learning technology to bring in easier and precise financial management for businesses. While at the same time improving the overall Cashflow for companies. By implementing D365 Finance and Operations, businesses also get access to key data and insights into the customers’ needs & behavior, thus allowing them to build better and stronger processes for strong customer relationships. With the predictive recommendations and proactive guidance for finance management, companies are able to gain a competitive advantage they require to stay at the top of the competitive curve and continue to grow.

– Everything in the cloud

Lastly, the Dynamics 365 Finance and Operations is hosted on Microsoft servers. Which means, by implementing the system, companies get to leverage cost-efficiency. This is due to the fact that they no longer require to maintain physical servers and related hardware on-site. Moreover, cloud hosting of data gives businesses the elasticity and flexibility they need to scale and grow as rapidly as they need and at their convenience. Not to forget, companies will host their data on Microsoft’s powerful servers. This means that they will get the assurance of remote access of all the data across all business functions with minimum down-time. In addition, they also get to enjoy the capabilities of Microsoft Azure. This is a built-in powerful disaster recovery system, reassuring businesses for the safety and security of their key data.