Microsoft Dynamics 365 Finance
(formerly Dynamics AX)
If you want to analyse the financial health of your business, increase profitability, productivity, and security, reduce monthly operational costs, then Microsoft Dynamics 365 Finance is the right software for you. Let us see how this can benefit your business processes.
What is Dynamics 365 Finance?
Dynamics 365 Finance is an ERP application under the Microsoft Dynamics suite. Previously, it was called as Dynamics AX and then rebranded to Dynamics 365 Finance. Dynamics 365 Finance ERP implementation enables small, medium, and large sized organizations to transform their entire business by bringing intelligence and automation to the financial and operational components of your business.
4 Key Benefits & Capabilities
of Dynamics 365 Finance
Simplify Financial Management
With Dynamics 365 Finance ERP, you can simplify complex financial management. You can enable and streamline accounting quickly with real-time reporting capabilities and financial analytics. Businesses also have the flexibility to enable and activate financial reporting that supports several legitimate organizations and subsidiaries all over the world. Not only this, but Dynamics 365 Finance also helps the businesses to steeply increase profits and enhance cashflow by leveraging AI and accurate predictions for timely client payments.
Automate Financial Processes
You can prioritise and automate the financial processes by enabling role-based workspaces and Office 365 integration. Businesses can also customise customer invoices and documents to seamlessly adjust themselves to changing business requirements. You can accurately and easily calculate and report your financial statements with automated recurring billing. This automation significantly reduces the audit costs of the organizations.
Decrease Operational Expense
Whether you have one entity, or you have multiple legal entities all over the world, you can get an overview of the complete accounts on your device which helps the businesses to run the entire business operations smoothly without any interruptions. You can also pertinently reduce the dependence on the financial partners, or accounting firms to analyse your budgets, and audits, thus making your organization extremely formidable on financial planning and analysis.
Global & Local Regulatory Compliance
Global regulatory environments are getting more complex than ever and hence, reporting formats, e-invoicing, and taxes are changing constantly. This application can seamlessly help you manage the local compliance risks, improve governance capabilities, and enhance the transparency of the organization anywhere in the world, thus making it look extremely professional. Dynamics 365 Finance can help you become 100% compliant to global and local regulatory financial accounting standards in an easy way.
Here’s how you can enhance your financial performance and drive profitability
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Key Features
Manufacturing
Get visibility across connected distribution, customer service, sales, and marketing systems so you can innovate your products and processes to meet rising expectations. Dynamics 365 for Finance & Operations delivers this ERP system continuity and helps you.
- Simplify production floor management.
- Accelerate product introductions.
- Offer flexibility in delivery alternatives.
Finance
Get a real time overview of your finance from Dynamics 365 Finance. This cloud-based Microsoft ERP system provides the relevant information you need to deliver strategic, data-driven insights to key departments. This helps you to:
- Gain real time financial insights.
- Reduce debt through efficient collection management.
- Streamline corporate growth.
Warehousing
Automate your warehouse processes to reduce operational costs. With Microsoft ERP, your warehouse personnel can better control their put-away, quality-control, and picking operations. And, with a flexible workflow engine, they can rapidly respond to changing business needs.
Transportation
Get global transportation-planning and freight reconciliation. For manufacturing, distribution, and retail sector companies, this helps you provide the right customer experience at the correct price. And business and IT leaders gain visibility and control with a user-configurable rating structure.
Budget planning
Make budgeting easier by giving your budget managers easy-to-use tools. The tool helps them create budget plan templates for Microsoft Excel. And at review and approval time, they automatically route their budget plans with worksheets, justifications, and attachments.
Demand Forecasting
Create more accurate demand forecasts to improve your products’ availability and minimize your inventory costs. The tool uses Microsoft SQL Server forecasting algorithms, Microsoft Excel visualizations, and Dynamics 365 for Finance & Operations models—for forecasts you can count on.
IT
Get real-time information on almost any device, at any time. Dynamics 365 for Finance & Operations simplifies and accelerates business process changes. And it’s based in the cloud, so it integrates with legacy systems and scales globally with ease.
Why CloudFronts
CloudFronts is a Microsoft Certified Gold partner based in Mumbai with offices in Singapore and the United States. CloudFronts has successfully executed 100+ Dynamics 365 Finance implementation projects across the Maldives, Europe, Australia, and the US and in several sectors like Professional Services, Financial Services, Retail, Pharmaceutical, Manufacturing, CPG, Automotive and even Nonprofits.
How CloudFronts will work with you?
One of the key factors that differentiate us from other Microsoft partners is our simple and hassle-free delivery process. CloudFronts follows industry-standard best practices for the delivery of all Dynamics 365 Finance Projects by involving clients at all stages. Please check out our Project delivery methodology here
Integrate Power BI with Dynamics
365 Finance
Microsoft Power BI is the robust and powerful Business Intelligence tool for analytics in Dynamics 365 Finance. It provides rich interactive dashboards, reports, drill-downs, and offers multiple other data sorting options. Good news is that Microsoft has already given provisions to integrate the Dynamics 365 Finance platform to support reporting using Power BI, along with the traditional AX SSRS based reports that were prevalent in the earlier Dynamics AX versions. Power BI with Dynamics 365 Finance can help enhance the business decision making of an organization.
Frequently Asked Questions
For Dynamics 365 Finance / AX
Dynamics 365 Finance/AX is an ERP application under the suite of Microsoft Dynamics. Microsoft Dynamics 365 Finance / AX helps organizations to automate and modernise your financial operations with Dynamics 365 Finance. Businesses can monitor performance in real-time, predict future outcomes, and make data-driven decisions to drive business growth. If you may have confusion – Dynamics 365 Finance was previously called as Dynamics 365 Finance and Operations (F&O).
Are you a small or mid-sized firm? Then, Dynamics 365 Finance/AX can be used by you. All the firms whether they are in manufacturing, retail, or food & beverage, defence, trading and distributing, logistics, supply chains, construction, CPG, or any other professional services, such as financial services, banks, and insurances – all can use dynamics 365 Finance/ AX to efficiently manage their financial business operations and get maximum results from it.
Dynamics 365 Finance/ AX is a sophisticated finance management tool from Microsoft, which enables you to streamline the financial operations. There are multiple benefits however the biggest benefit is the cost reduction. Dynamics 365 Finance & Operations helps to identify the redundant resources in your business, streamline your financials and minimize the running costs through optimization and automation.
CloudFronts has successfully delivered Dynamics 365 Finance/AX projects throughout the US, Europe, Asia and Maldives. We encourage you to check out our customer success stories here. One of our biggest Dynamics 365 Finance/AX clients in the US is Tinius Olsen, a 140-year-old machine manufacturer.
We have only Microsoft certified consultants and experts in our organizations. You can access and validate all our experts’ profiles by clicking on employees at our LinkedIn Page. Above all, our Dynamics 365 Finance/AX (ERP) department is headed by Sunil Dhing, who is a certified Chartered Accountant.
Yes. 50% of our clients are the ones who had already deployed Dynamics 365 Finance or Dynamics AX with some other partner. They request us to upgrade the Dynamics AX to Dynamics 365 Finance or also sometimes, talk about certain parameters or features to be changed or customised as per their requirements. Not only this, but we also provide training to your end-users on how to use Dynamics 365 Finance/AX to its fullest capability.
Dynamics 365 Finance/AX is part of Dynamics ERP and this ERP application can be integrated with any third-party software application. For better Analytics, Microsoft Power BI Dashboards can be integrated on top of it for better data management and visualization for enhanced decision making. Our Power BI experts can help you to leverage data and access reports on a real-time basis from anywhere.
Well, established in the year 2012, CloudFronts is a Microsoft Certified Gold partner based in Mumbai with offices in Singapore and the United States. We offer complete Dynamics 365 (ERP- Finance, Supply Chain and Business Central) implementations. We have delivered around 300+ Dynamics 365 projects across the Maldives, Europe, Australia and the US and in several sectors like Professional Services, Financial Services, Retail, Pharmaceutical, Manufacturing, Automotive and even Nonprofits. You can check out About Us here.
If you would have analysed our customer success stories closely, almost all our clients are based throughout the world – USA, Maldives, Europe, Asia and Australia. Despite that, we have delivered our solutions successfully. So, remote delivery model is not a constraint – in fact, it is a big boon as we can focus more on delivering to our clients at competitive costs. Above all, our team members do travel onsite during the initial stage, after meeting milestones, & go-live of projects. Also, please explore our Project Methodology here.
Please fill out our short Contact Us form or email your requirements directly to Solution Architect Anil Shah at [email protected].