08 Jan Dynamics 365 for Finance & Operations: The Next-Gen ERP
8 Jan 2020
Whether you’re already using an ERP system or looking for one, you must have heard of Dynamics 365 in the ERP market. Dynamics 365 for Finance and Operations (formerly known as Dynamics AX) is Microsoft’s flagship Enterprise Resource Planning suite for medium to large organizations. It delivers enterprise ERP capabilities within a single application, both on-premise and on the cloud.
Dynamics 365 for Finance & Operations, Enterprise edition is a cloud-based business application that lets you optimize business processes on your terms. With D365 F&O, you can seamlessly connect financials, supply chain, sales & purchase orders, inventory, production, and distribution processes all in one single application.
D365 for Finance and Operations makes ordering, selling, invoicing, reporting easier and faster. The application combines your multiple disconnected systems into one and helps boost business efficiency with automated workflows and tasks. D365 is designed to be a cloud-first platform and if your business is operating in the cloud or you’re looking at moving to the cloud, then D365 F&O is the best bet you can win.
Dynamics 365 for ERP has evolved through the years:
Capabilities of D365 for Finance and Operations:
- Helps you elevate financial performance
- Helps you close accounts & books faster
- Helps you generate detailed reports
- Strategic monitoring to help you increase profitability
- End-to-end integration of Microsoft Business Applications to deliver higher efficiency
- Helps you in turning data from financial and business operations into accurate actionable insights
- Helps you satisfy customer demands by driving faster innovation and continuous improvement
Why Does Dynamics 365 for Finance & Operations Stand Out?
Every ERP System includes fundamental functionalities and modules such as Budgeting, General Ledger, Accounts Receivable, Accounts Payable, Inventory Control, etc. but D365 F&O stands out among all the ERP systems because of its advanced features that not every ERP system offers.
- Financial Management
With D365, Financial Management gets exciting and easy. Dynamics 365 Finance gives you a fast and efficient way to translate currencies, register financial transactions, manage parent-subsidiary relationships, manage internal cost accounting and gain financial insights. Dynamics 365 Finance includes feature areas such as:
- Accounts receivable
- Accounts payable
- Expense management
- Cost accounting
- Cash and bank management
- Financial reporting
- Project management
- And more feature areas
Dynamics 365 module for Warehouse Management is fully integrated with D365O. With Dynamics 365, you can automate the warehousing process to significantly reduce operational cost. As a COO, you can let your warehouse manager better control picking operations, put-away, and quality-control and help them respond to instant business needs. Connected Warehousing operations allow you to:
- Accelerate new product introductions
- Offer delivery flexibilities
- Simplify production floor management
For retail, distribution and distribution companies, Dynamics 365 is the best SaaS solution. You can easily get transportation global-planning and freight conciliation on the platform. D365 is the best way to provide the right customer experience at the right price. Track and monitor the product transit and move products smoothly from procurement to sale.
What is the best part about sales that makes customers keep coming back to you? Immediate, personalized customer service. With Dynamics 365, you can give your salespeople all the customer information they need to provide better, personalized service across all different channels like social media, stores, mobile sites, and other customer touchpoints. And if you’re an e-commerce business, you can provide amazing shopping experiences with integrated eCommerce and social media capabilities.
Microsoft Dynamics 365 is designed for ease of adoption and implementation. D365 F&O delivers business insights across all levels of the organization to improve quality, support innovation, and enhance customer satisfaction. With D365 you can integrate existing systems, lower total costs of ownership, and future-proof investments through continuous innovation and delivery. The key capabilities under the manufacturing module are:
- Material and capacity planning
- Production scheduling and sequencing
- Shop floor control
Dynamics 365 for Finance and Operations is the best solution that helps you connect sales and purchasing processes with production, warehouse management, and logistics. With D365 you can seamlessly achieve visibility and management of the entire supply chain. The key capabilities under the Supply Chain module are:
- Vendor collaboration
- Inventory Management
- Multi-site warehouse management
- Demand forecasting
- Tracking and tracing
- Cloud Services
D365 for Finance and Operations, Enterprise edition, is a fully Microsoft-managed cloud service to help you enable fast business transformation. It provides your organization with ERP functionalities that support your unique business requirements; you get real-time information on almost any device. Dynamics 365’s cloud ERP is showing higher adoption rate due to the advantages like shorter implementation time, better integration with other solutions, regular and continuous updates. The below are the D365 cloud services capabilities:
- Manage application lifecycle of your D365 F&O implementations using Lifecycle Services
- Rapid and flexible deployment options
- More accessible web and mobile apps
- Go Mobile
Don’t we like to stay connected & deliver tasks while on the go? D365 mobile apps are designes just for that. You can mobilize work processes, stay connected with work and also empower employees to work anytime from anywhere on mobiles to keep customers happy, drive productivity and increase business profitability.
With increasing customer demand for faster response times, companies need higher agility, flexibility and contionuous innovation. Companies today are realizing the need for hybrid and cloud-based business solutions and thus are moving to Microsoft Dynamics 365.
Want to be a future-proof business? Talk to Star Knowledge’s expert Dynamics 365 consultants to implement the intelligent Finance and Operations solutions today. Ready when you’re!