Early in 2016, Microsoft released 'Project Maderia' a cloud based ERP solution built on NAV architecture. It was largely lauded by members of the Microsoft Dynamics community. We suspected that Project Madeira was a sign of things to come from Microsoft. And it turned out to be true when Dynamics 365 arrived!
Scratching the surface of Dynamics 365 for financials
Dynamics 365 for financials is part of the Dynamics 365 suite that launched in the US on the 1st of November 2016. It's a fully SaaS ERP offering, that integrates entirely with the rest of the Dynamics 365 suite. You'll be able to enjoy the benefits of Office 365, whilst centralising all of your business functions.
Comprehensive quoting, invoicing and payment systems
Dynamics 365 for financials allows you to create personalised sales quotes and turn them into professional looking invoices – without actually leaving the Outlook interface! This unique feature of Dynamics 365 is designed to boost productivity of your staff so they don't have to navigate multiple systems.
You'll also find it easy to automatically process payments and reconcile bank account, easily identifying past-due accounts to expedite collections efforts.
Linking purchasing and Inventory Management
You'll be able to simplify and improve your supply chain management with a system that dynamically updates your inventory levels. Using the data of your inventory systems, Dynamics 365 for financials will automatically place orders for stock and offer you many forecasting options based on the data you feed into the system.
Forecasting sales is helped by predictive-intellience, a sophisticated AI system that analyses the data your business generates, whilst simultaneously monitoring open orders and tracking vendor lead times. The system is designed to help you reduce the number of out-of-stocks and drive sales and profits.
Data driven decision making
Like the rest of Dynamics 365, Financials boasts a rich suite of reporting tools. You'll be able to aggregate all of your financials data across accounting, sales, purchasing, inventory and customer accounts. You'll benefit from tools that allows you to get the complete picture of everything going on in your business.
More to come next week!
We'll be covering more about Dynamics 365 for Financials in our blog next week. In the meantime do you have any questions about Dynamics 365? Tweet us, pop your question in the comments section below, or have a chat with one of our experts on 0203 3504 7113.