A general question to everyone reading this Blog: How do you manage your finances and ensure smooth business operations? The answer depends widely on your business and experience. But What if We tell you there is something that fits for all, irrespective of the kind of business and Size?

Yes, Microsoft Dynamics 365 Finance and Operations is one such tool that not only helps you manage your finances but also allows you to manage and keep your operations aligned and smooth.

Let us Understand this product briefly and deep dive into its features and what exactly it can do in your business

 

What is Microsoft Dynamics 365 Finance and Operations?
Microsoft 365 Finance and Operation is a unified ERP solution designed for businesses to manage and optimize their operations. It is a completely Cloud based platform that provides ease of use and Future-proof capabilities to manage different core aspects of your Business.

Below is the breakdown of its Advanced Features and benefits of using this software as an ERP or CRM Tool

Features and Benefits of Microsoft Dynamics 365 ERP System

  • Financial Management

As the name itself includes Finance, This software is designed specially keeping in mind the financial aspect of your business. According to the latest article published by Forbes, 38% of businesses fail due to a lack of Financial management

Scaring right? But, You can eliminate and reduce the Financial risk with this software. It allows you to keep track of your finances, Provide real-time data, improve financial forecasting, and manage cash flow.

Not only that, The software also automates the accounts payable and receivable process and provides the option for budgeting, and financial reporting.

  • Supply Chain Management

Apart from Finances, the tool is widely used and designed for Managing business operations as well. It includes supply chain management, Inventory management, and Production planning. Thus, It ensures proper stocks are in the right place. It helps you keep an eye on your production and stock levels to reduce lead times and enhance relationships with both customers and vendors.

  • Completely Cloud Platform

Unlike the older ERP solutions, this ERP Microsoft Dynamics 365 is completely cloud-based which means any of the employees and team members can access and get use of it from anywhere, anytime. It is called the ease of use and flexibility.

  • HR management

Another feature of Microsoft ERP Solution that might surprise you (if you’re hearing about the product for the first time) is its capability of HR management. The software is so versatile that it can handle all the basic yet crucial tasks of Human resources such as Recruitment, Employee management, Payroll, etc.

Conclusion

The takeaway is that the Dynamics ERP system is one of the robust and best ERP and CRM options currently available for small and medium-sized businesses that need a system to manage their operations smoothly and automate repetitive tasks through AI capabilities. The above-mentioned features are just a basic overview, the system is much more robust and the features are amazing.