Modernize Finance and Build a Resilient Supply Chain Using D365 F&O

What was Dynamics 365 Finance and Operations earlier is now Dynamics 365 Finance and Dynamics 365 Supply Chain management, though the combined functionalities are now available separately to make things even better. Microsoft has split the application into two (2) parts, in order to give to its users a competitive advantage.

End users can look forward to bigger things and have all preparations in order to take the next step.

Using Dynamics 365 Finance, companies can aim to modernize their financial operations. This would include:

• Embedded reporting and financial analytics to centralize/distribute financial management.

• Seamless integrated processes and tasks to optimize overall productivity.

• Intelligent processes such as proactive credit management, bank management, revenue recognition etc. to elevate financial capabilities.

• Using the latest e-voicing, payment, tax configuration and reporting format to keep in sync with frequently changing regulatory requirements.

• Lifecycle Services to effectively manage and operate Dynamics 365 Finance implementation and governance.

• Using cloud services to become more agile and enhance and integrate processes across business functions.

• Using tools such as Power BI, PowerApps, Common Data Service and Microsoft Power Automate to personalize all finance management requirements.

• Using all the features available in Dynamics 365 Finance such as Accounts Management (payable and receivable), Budgeting, Cash and Bank Management, Assets Management, General Ledger, Payment and Terms, Financial Reporting, Cost Accounting, Expense Management, Globalization and Regional Regulatory Features to strengthen foundational accounting and finance.

• Promoting growth and competitiveness by enabling effective financial processes with unified data.

Using Dynamics 365 Supply Chain Management, companies can aim to build a resilient supply chain. This would include:

• Gain agility by consistently delivering products on time with real time production and resource planning.

• Being able to create a connected factory to enable sustainable, agile, and adaptable manufacturing processes.

• Maintain continuity in business and overcoming disruptions by building redundancy in supplier network.

• Initiate workforce transformation by improving safety, cutting down on errors and boosting workforce productivity.

• Utilizing their workforce better and accelerating delivery, which involves putting the right people on the right projects.

• Attending to employees in a better manner and reducing costs, by having in place better HR programs.

• Improving OEE, reducing downtime of business-critical assets and maximizing longevity.

• Right-sizing inventory levels based on customer demand and capacity constraints and bringing down fulfillment costs through optimized order routing, real-time freight monitoring and transportation planning.

• Real-time merchandize planning to deliver products on time consistently and putting in place an intelligent distributed order management system to optimize demand fulfillment.

• Building redundancy in supplier network in order to overcome disruptions and ensuring business continuity.

These capabilities will make using Dynamics 365 Finance and Dynamics 365 Supply Chain Management interesting for end users and will keep them hooked to all the promising things that are to come to them as they go deep using these to keep things in order while managing their business. With both separate now, the experience will be even better than earlier.

Read: Business Central – A Modern Solution for Modern Business

Different Ways to Upgrade to Microsoft Dynamics 365 Business Central

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