With Microsoft Dynamics 365 Finance, or any ERP (Enterprise Resource Planning) software for that matter, understanding the advantages of the product can help you make an informed choice. In this post, we’ll address the three most frequently asked questions our customers have about Microsoft Dynamics 365 for Finance before making a final decision.
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Cost savings as a result of increased automation
Migrating from your current version of Microsoft Dynamics AX to Microsoft Dynamics 365 for Finance may seem time-consuming and expensive (D365FO). However, because of this, you end up with more money in the bank than you put in. Duplicate resources may be found and removed with the aid of D365FO’s capabilities. It reduces operating expenses and optimizes human resources.
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Improved Software Interoperability
For example, CRM, Business Intelligence (BI), Internet of Things (IoT) apps, productivity tools, etc., may all be more easily integrated and customized with Microsoft Dynamics 365 for Financial Operations (F&O). In addition to saving money on customization, you also save money on re-training your staff.
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Assimilation of All Possible Technology
The latest version of Microsoft Dynamics has been optimized for numerous platforms, smartphones, and mobile applications. When it comes to installation and customization, you won’t have to worry about anything. Thanks to the cloud version, Microsoft Dynamics 365 for Finance is now more widely available.
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Gradual Improvement During the Exploitation Process
Periodic upgrades are possible with Microsoft Dynamics 365 for Finance (every three months for the platform and every six months for the application). You don’t have to worry about implementing new technologies regularly since you’re constantly using the most recent versions.
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In-built Analytical Features
Microsoft Power BI is the analytics engine behind the standard built-in utility in MS Dynamics 365 for Finance. As a result, reports and analyses may be more comprehensive and simpler to prepare, and all of this can be seen in real-time.
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Predictive AI Capabilities at the Cutting Edge
For example, Microsoft Dynamics 365 Finance uses Cortana and Azure machine intelligence. Their cutting-edge algorithms convert the primary descriptive data you had previously employed into a formidable tool for predicting the most favourable possibilities. Get answers ahead of time and discover hidden patterns.
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Improved Data Security
If anything happens, Microsoft Dynamics 365 for Finance has disaster recovery and 24-hour technical assistance built-in. Using Microsoft Azure, you can ensure that your data is safe and secure. Workload security is included at no additional cost, and your information is adequately guarded.
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Benefits of the Cloud
Microsoft’s servers host Dynamics 365 for Finance. It implies that you will save money by not maintaining your servers and equipment. Not to mention the amount of room you’ll save (which can be reasonable). Cloud computing also brings scalability and flexibility, allowing your company to expand at its speed.
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Enhanced Manufacturing and Retailing Feature
Multi-site warehouse management, direct and indirect procurement, and vendor self-service portal are all included.
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The New User Interface Is a Breeze
The new user interface is simple and easy to use. Workflows and assets may be managed in real-time with a tailored, activity-based workspace. Microsoft Office 365’s resemblance to the service helps you feel more at ease and less stressed out at work. More than 50 nations are supported by the platform, which is accessible in various languages. It’s ideal for multinational businesses because of this.
These were some fantastic benefits of Microsoft Dynamics ERP Finance.
Microsoft Dynamics 365 for Finance provides a comprehensive solution for businesses to streamline financial operations, improve decision-making, and ensure compliance. Its suite of tools offers deep insights into cash flow, budget management, and predictive analytics, allowing organizations to adapt to financial changes proactively.
With built-in AI capabilities, Dynamics 365 automates repetitive tasks, such as invoicing and reconciliation, saving time and reducing the risk of human error. By centralizing financial data, it empowers finance teams to generate real-time reports, enhancing transparency and operational agility.
Moreover, the platform’s scalability makes it ideal for both mid-sized businesses and large enterprises, adjusting to meet changing needs without disrupting existing processes. ERBrains supports businesses in implementing Dynamics 365, offering tailored solutions to maximize productivity. For companies seeking to improve their financial management, investing in Microsoft Dynamics 365 through a trusted partner like ERBrains ensures optimal setup, training, and support.
This solution not only drives efficiency but also enhances compliance with regulatory standards, reinforcing trust and dependability within the finance function.
