Financial management for an enterprise is a labyrinth. You are at a risk of losing your way. And it is understandable. Talk about finances, and it is not just the money coming in and going out. CFO’s wish it was that simple. Yes, a lot of their job is keeping track of the money coming in and going out, but they also have to plan the budget, predict future risks, optimize costs, ensure regulatory compliance, oversee investment, and report finances.
Fiscal management for any enterprise is complex, but when you factor in recession, supply chain disruptions, inflation rates, and cost of doing business, it really complicates the equation. The solution lies in automation and the use of data to make accurate predictions for the future. This is what Microsoft Dynamics 365 Finance offers.
Automation has already spurred a drastic change in the financial management of businesses. In a 2022 survey of 145 US CFOs and finance leaders, 61% said automation has a significant value in finance function, and 58% had plans to increase their investment in automation over the next 12 months.
The pull of ERP
Enterprise Resource Planning (ERP) offers a complete suite of functionalities that eliminate the chances of human errors and streamline business operations. For financial management, the biggest advantage is the availability of real-time data. It brings together data from all departments and makes it available in real time and in one place for faster decision-making.
With your investment in Microsoft Dynamics 365 Finance, your entire financial ecosystem – from invoicing to predictive analysis – is automated. This infographic shows why businesses with streamlined financial operations thrive better than those relying on manual systems.
How Microsoft Dynamics 365 Finance enable financial automation
Now, let’s dig a bit into the features of Microsoft Dynamics 365 Finance to give you a picture of how much your enterprises’ financial operations can benefit from it.
Microsoft Dynamics 365 Finance is an industry leader in offering financial solutions for enterprises not only for today’s challenges but also for the future.
The suite comes with Al-powered capabilities for providing a clear picture of the cash flow position and suggests solutions to improve it. It also cuts out the time spent on menial tasks like data entry, filing invoices, and generating reports to help you close books faster.
Microsoft Dynamics 365 Finance also solves finance managers’ biggest headache – cash flow. It offers real-time visibility into your financial data, helping you make informed decisions. With improved cash flow situation, the suite also helps you make better decisions for the future as it integrates the data collection processes across Microsoft Dynamics 365, Microsoft 365, and connected applications. After all, data gathering without the hassle is every CFO’s dream.
For more complex tasks like tax calculation, regulatory reporting, and global payments, the suite offers localized configuration for every market your enterprise serves so that you don’t run into any legal trouble. And if you are an organization with a truly global vision, this will accelerate your growth.
Microsoft Dynamics 365 Finance is a tool for today and tomorrow. This investment will result in ironclad financial health for your enterprise and a composite ROI due to improved functionality.