Choose digital transformation and accelerate your business growth with Dynamics 365 cloud ERP for large-scale and SMBs. Finance operations are one sector that is common for any business, irrespective of your field, and managing the financial sector can empower you to take charge of your field. Dynamics 365 is here to give you the power to control all your processes, from manufacturing to budget control, most efficiently.
1. Exchange Rate Integration
Users must create exchange rates every day, week, or month as part of the laborious process of currency rate administration in a multinational firm. Think about the potential for trading in other currencies, which raises the maintenance's level of complexity. You can now automatically interface with exchange rate providers like OANDA thanks to Dynamics 365 for Finance and Operations, which eases the strain on the finance and accounting teams who previously had to manually monitor these rates.
2. Advanced Bank Reconciliation
The precise bank account statement to ERP system reconciliation is now more essential than ever, making the advanced bank reconciliation function one of the most crucial features for increasing the efficiency of finance teams. With Dynamics 365 for Finance and Operations' powerful bank reconciliation capability, you may import bank statement formats that are widely accepted in the industry with criteria set up to match by either amounts or dates. This feature gives finance teams a significant productivity gain with minimal to no manual effort.
To innovate your products and processes to match escalating demands, and gain insight across networked distribution, customer support, sales, and marketing platforms. This ERP system continuity is provided by Dynamics 365 for Finance & Operations, which also supports you in simplifying production floor management, fast-tracking product introductions, and warehouse management.
4. Budget Planning and Control
With scenarios for money and quantity (for FTE counts, etc.), Dynamics 365 for Finance and Operations offers the ability to design your budgets. It also has several degrees of workflow stages for approvals. In addition to this, you may establish tighter control over spending by using pre-built budget controls for project cost management, purchase cost control, etc. This will provide you with greater insight into expenses and help you make better plans.
5. Cost Allocation
You can assign expenses based on revenue or fixed percentages using the versatile capabilities of cost allocations in Dynamics 365 for Finance and Operations. You can also allocate costs between firms as intercompany transactions.
6. Project Accounting