Microsoft Dynamics 365 for Finance and Operations is a cloud-based ERP solution, a comprehensive set of tools that helps automate and streamline financial and operational processes, improve customer service, and get actionable insights into business performance.
Although most customers and consultants still call it Finance & Operations, now Microsoft licenses it as two different applications technically:
- Dynamics 365 Finance: Budgeting, Project Management, Financials, and Accounting For Large, International Businesses.
- Dynamics 365 Supply Chain Management: Engineering, Manufacturing, Warehousing, and Distribution.
Still, it is a single implementation and licensing two applications gives individual users the choice to either use one or both applications as per their business needs and processes. Here, an official Microsoft Dynamics partner can help you get the right licenses.
*Note: Dynamics 365 Finance & Operations is followed by Dynamics AX, which was mainly on-premise. F&O is primarily deployed in the cloud. Companies running operations on AX have Microsoft support a thing of the past and are now moving to Dynamics 365 Finance & Operations.
Before you go for Dynamics 365 Finance and Operations, check if the below-mentioned issues are stumbling blocks in your business growth.
If so, you must bid farewell to legacy systems increasing regulatory risks.
As a CFO or finance leader, you can make a judicious business decision to elevate your growth trajectory and capitalize on trending opportunities as well.
|Account structure activation performance enhancement
|This feature allows you to update multiple transaction groups faster by running them simultaneously during account structure changes. You can track your activation status by selecting View activation status for detailed results.
|Accounting source explorer advanced filtering
|This feature allows you to use advanced filtering on the accounting source explorer page. The filtering options are similar to the filtering available on the existing Voucher inquiry page.
|Enhanced performance for source document accounting framework
|This feature provides performance improvements to batch postings of source documents so they run more efficiently. This feature initially only affects free text invoice batch posting with more source documents to be supported in future releases. When this feature is enabled, batch posting is split into smaller units of work which prevents system degradation and lessens the chance of issues due to database disconnections.
|Extended tax calculation data model
|The following fields are extended for the Tax Calculation data model:
· Vendor group
· Vendor invoice group
· Customer group
· Customer invoice group
· Order type
· Item group
As an official Microsoft Partner, globally renowned for driving Digital Transformation via Cloud Computing Solutions, we let you accelerate your business with the inventive, cloud-based ERP solutions.
Our dedicated team of Dynamics 365 F&O consultants is committed to the innovation and ensures successful delivery of all Dynamics 365 ERP and CRM solutions, Office 365, Power Platform, Microsoft Azure cloud, and definitely Dynamics 365 Finance & Operations.
With deep expertise and following industry standard-based practices, we have catered to businesses across manufacturing, distribution, professional services, back-end retail & e-commerce (B2B and B2C), and financial services to scale up with value-added solutions.
You can leverage our 16+ years of Experience in Successful Digital Transformation via ERP Implementation and Unleash your Growth Potential with our Proven Methodologies for robust Project Management and communication.