A Worthwhile Investment - Dynamics 365 Finance

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Dynamics AX is a trusted ERP platform that numerous organizations choose to use today, however, Microsoft has dropped support for Dynamics AX since 2018 and rebranded it to Dynamics 365 Finance (formerly named Dynamics 365 Finance and Operations). Modules such as Sales, procurement, production, and business-oriented tasks are achievable with Dynamics AX. However, Dynamics 365 Finance brings many more benefits with new features and capabilities.

Dynamics 365 Finance - Why the investment will be worth it

Dynamics AX is a comfortable option for companies, as their employees know their way around the software, yet, this ERP system is difficult to implement into the cloud. Cloud applications can offer so many advantages such as security, scalability, and flexibility that affect the company’s productivity and business process efficiency in a positive way.

A migration from Dynamics AX to Dynamics 365 Finance can improve business continuity and connectivity. Automation and streamlining workflows are cloud capabilities that create a secure environment for data storage and authorized access. In addition, employees can access and retrieve data from their current location, which proves helpful to the present work-from-home scenario.

D365 Finance features that organizations leverage for a competitive edge:

  • The ERP solution simplifies accounting with financial dimensions and a rules-based chart of accounts.
  • Recurring revenue management, built-in AI, and predictive insights contribute to the solution’s technology-driven intelligence.
  • Dynamics 365 Finance supports global operations with respective currencies, languages, and financial requirements.
  • Industry-specific integrations and add-on functionalities help companies carve their niche in their respective business sectors.
  • Power BI integration consolidates data analysis and reporting processes seamlessly.
  • Role-based workflows increase the security of data and prevent information theft and misuse.
  • Financial process automation is a cloud feature that helps organizations save time and reduce errors.
  • Dynamics 365 Finance has a flexible design and subscription-based licensing, which grow or scale with the business’s need.

 Related: How can Dynamics 365 Finance and Operations help your business?

The Benefits of using Dynamics 365 Finance

  1. Unified financial reporting reduces discrepancies and ensures business operations progress without hurdles.
  2. Financial control is stabilized with detailed reporting features that display real-time analytics.
  3. The Predictive insights capability helps optimize the cash flows.
  4. Technology such as AI and Power BI ease strategic financial decision-making at its best.
  5. Dynamics 365 Finance saves time and money and minimizes errors with process automation.
  6. Business process efficiency increases with integrated tools such as Microsoft Office 365.
  7. No code configuration makes it simple to manage changes in regulatory requirements.

Measure your Dynamics AX health

Much like a general health check-up, a Dynamics AX health check identifies system value and how good the ERP is for the current stature of your business. For example, is Dynamics AX the best choice for the company? Is an upgrade a necessity?

An upgrade will improve system health as it is in harmony with newer technology and industry trends.

The health check can give an overview of the technologies that are currently in use, such as the database and client machines. It reveals operational risks from a potential system downtime or any issue that can slow the system down.

With the Dynamics AX health check, organizations get a clear picture of the cost of their software, suggesting how they can save money with an upgrade to the cloud - Dynamics 365 Finance.

Dynamics 365 Finance and its impact on your ERP operations

Integration with Dynamics 365 modules: Dynamics 365 Finance is a module within the Dynamics 365 Suite of applications. Integration with other D365 modules such as Sales, Customer Service, Marketing, and Field Service happens seamlessly. Business functions are centralized due to the integrations, which pave the way to better productivity and employee performance.

Business Intelligence: The in-built analytics within Dynamics 365 Finance can measure the effectiveness of ERP workflows, identify patterns, and measure the impact of current industry trends on the organization.

Cloud is cost-effective: Automation is a crucial feature of Finance, and it helps save a lot of money that goes in on manual labor. In addition, automation allows employees to concentrate on other priority tasks rather than be stagnated with recurring tasks.

Related: How to get a free trial for Dynamics 365 Finance and Operations (F&O)?

Industry-specific migration with DemandDynamics

Find a migration partner who can identify your organizational needs and tend to them, considering your industry type.

DemandDynamics is a Microsoft Gold partner with years of experience in implementation and migration processes. Our team comprises of trained experts who have expertise in Dynamics 365 applications.

Make your ERP implementation much more cost-efficient with DemandDynamics’ on-demand services. Choose the services you want and pay only for the time they were in use. This pay-as-you-use model completely retracts the traditional subscription model and promotes zero commitment services.

To learn more about our services and the upgrade from Dynamics AX to Dynamics 365 Finance, reach out to one of our experts.

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