Several small and midsize businesses attribute Microsoft Dynamics 365 Finance for the advancement their businesses have had. Its accounting tools, invoicing, forecasting, and reporting capabilities are just a few things pointed out as helpful in improving efficiency within a business.
Dynamics 365 Finance is cloud-based which makes it easy to use on desktop, mobile, and any gadget with internet capability. This also means it can be integrated with several other cloud-based apps to improve efficiency and capability.
The features of Dynamics 365 Finance are designed particularly to improve the productivity of finance teams. Some features however flow over to other teams that collaborate closely with finance, like marketing and sales. Here are some features that reviewers have found helpful.
Financial reports can be configured according to the needs of the organization. The good news is that configuration doesn’t need developers. Your income statements, expense reports, balance sheets, and so on can be generated easily. Different reports can also be scheduled for generation at particular times. This also helps if your business needs to conform to certain guidelines within the industry.
This feature helps to create budgets for a business in general as well as for smaller teams within the company. You can use this feature to manage a project and set tight controls to ensure no one deviates from the budget. It can also serve for purchasing controls. With a clear insight into expenses of the business, it is easier to plan for the future.
For businesses that perform international trade, exchange rates are a common headache. 365 Finance is the solution to that, you no longer have to convert currency every time you prepare a quote or make a sale. Simply integrate with an exchange rate provider and the currencies will be converted automatically according to real-time exchange rates.
365 Finance comes with an out-of-the-box feature that enables businesses to meet local requirements. If for example, you need to file tax returns or submit a regulatory report, the system will automatically generate a report specific to the country. This applies to various finance documents.
With quick easy steps, a business can keep track of expenses using the inbuilt audit feature. Cases of duplicate invoices can be noted and addressed. Auditing is made much easier as it imposes controls for finance.
You can discover several finance features within this module designed to aid businesses flexibly and efficiently.
Integrations are a normal part of this module. First of all, it can integrate with other Microsoft Dynamics modules like Human Resource as well as applications like Outlook. To improve the overall performance of Finance, you can integrate it with third-party databases to increase the accuracy of data you use to make decisions, you can also integrate with cloud-based document automation software to simplify report generation as well as increase the options of documents you can design and generate.
Integration is smooth and easy and Microsoft Dynamics Finance has a long list of enterprise applications it can integrate with.
You can request a price quote depending on what you are interested in. However, you can expect to pay $180 per month for the User’s first app and $30 per month after the initial payment.
Microsoft Dynamics 365 Finance will help a user have a bird’s eye view of their finances. The finance department will appreciate the level of automation that it brings to their daily tasks and the reduction in unnecessary expenditure. Most users are happy with its performance and it can be better with integrations for example adding document generation or currency convertor.
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