Microsoft Dynamics 365 Finance is a long-standing ERP solution that has earned a name for itself as the most reliable and future-proof ERP solution in the market. Here are some of the key features that set it apart from its contemporaries and competitors in the finance module.
1) Task Automation
Microsoft Dynamics 365 Finance is built from the ground up for AI-powered automation. It allows users to automate tedious and time-consuming tasks to boost productivity and maximize financial performance. A significant amount of time and labour costs can be saved by creating automation schedules that define what and when vendors will be paid. Through its AI capabilities, it matches vendor invoice lines to product receipts. The prediction-based collection automation feature helps the finance team to increase on-time payments, improve cash flow, and save time.
2) Financial Insights
With D365 Finance, financial planning, forecasting, and monitoring are nothing but a cakewalk. Relying on its embedded analytics and AI-powered insights, organizations can forecast the cash flow, identify current and future trends, and monitor and plan funds based on upcoming cash requirements. It helps to proactively reduce write-offs and improve your margin by predicting if and when customers will clear the invoices..
3) Financial Reporting
Dynamics 365 Finance enables organizations to move beyond traditional reporting constraints with an intuitive reporting system. It allows users to generate, manage, deploy, and examine numerous financial reports with ease. The dimension support feature of Dynamics 365 Finance offers in-depth financial reporting capabilities and makes account segments easily accessible. As an adaptable solution, it brings great flexibility in report creation, report cooperation, and interactive report viewing.
4) Compliance
Meeting compliance obligations across various regulated industries and markets worldwide is complex. Dynamics 365 is flexible to support the rapidly changing governance, risk, and compliance challenges in the market. Our team at ISys Solutions can help you effectively implement compliance management solutions specific to your business.
5) Integrations
As Microsoft’s ERP, Dynamics 365 can be easily integrated with other Microsoft products and a plethora of other third-party applications. By connecting Microsoft Dynamics 365 with Power BI, Teams, OneNote, Outlook, Word, Excel and other products from the Microsoft umbrella, it becomes a powerful tool connecting people, data, and processes to drive performance and operational excellence.
Contact Isys Solutions for more information about Dynamics 365 Finance.
