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Introduction to Microsoft Dynamics 365 for Financials (Part 1)

Introduction to Microsoft Dynamics 365 for Financials (Part 1)

Since the transition from Steve Ballmer to Satya Nadella, Microsoft as a whole has gone ‘all in’ on the cloud, introducing a multitude of innovative cloud-based applications from office to OneDrive to Dynamics, all of which have been fundamental to the company’s evolution and preparation to compete in a modern business environment.

Microsoft’s Move to the Cloud

The last of these three applications moved to the cloud—Microsoft Dynamics 365, was an important foray into cloud computing and the software as a service model and has quickly become a tool for businesses of all sizes. Simply put, Microsoft Dynamics 365 has allowed, in the words of Microsoft’s Sri Srinivasan—“ERP [to become] cool again.”

Microsoft Dynamics 365 marked a change not only in the delivery model and pricing structure, but in the software as a whole: allowing purchasers and end users alike to build around what they need—whether that’s for Sales, Customer Service, Marketing, Field Service, Project Service Automation, Operations, Retail, Talent, or the topic we will be covering today: Financials.

Microsoft Dynamics 365 for Financials

Microsoft Dynamics 365 is the small and medium business’s cure for one of the most pervasive business problems: Manual Processes. Available as part of the Dynamics 365 for Business (not to be confused with Dynamics 365 for Enterprise), Dynamics 365 for Financials allows growing businesses the ability to separate themselves from disparate spreadsheets, as discussed in the video below:

What Dynamics 365 Can Do for the Growing Business

In other words, Dynamics 365 for Financials allows your growing business to:

  • Connect: Consolidate multiple systems into a single, connected application—one that pulls together your business processes—to save your employees time.
  • Improve Decisions: Get a complete picture of your business from a centralized source. Apply built-in intelligence for insights that help prevent issues and deliver better customer experiences.
  • Get Started Easily, Grow Just as Easily: Get started quickly in the cloud using familiar Office interfaces, and add other Dynamics 365 applications as you need—without getting in the way of running your business.

Features and Functionality of Microsoft Dynamics 365

The following image shows just a few of the features that Microsoft Dynamics 365 for Financials offers for growing businesses to connect Financial Management, Purchasing, Project Management, Inventory Management, and Sales together in a familiar interface that’s easy to implement. These features were introduced first, and the list has expanded in the past six months, as discussed in the Dynamics 365 Product Roadmap.

Dynamics 365 for Financials Features

As you can see, Dynamics 365 already offers robust functionality for businesses, and will continue to enhance its product offering. We will discuss each in an upcoming blog, but you can read more right now on their product page and by downloading their Dynamics 365 for Financials Guide. Stay tuned for part 2 of this blog, read the Microsoft whitepaper titled Grow Your Business beyond the Constraints of  and learn even more about Dynamics 365 at an upcoming July webinar.

Read Part 2 of this blog, exploring the Financial Management Functionality of Microsoft Dynamics 365 for Financials.

Learn More: Transform Your Business with Dynamics 365 (This July)

This July, we will be presenting a webcast on embracing the digital transformation and improving your business with Dynamics 365. Discover how to grow, evolve, and transform every part of your business to better meet the changing market and needs of your customers. Experts will share how Dynamics 365 allows you to:

  • Build personalized experiences across all customer touchpoints
  • Give your employees familiar tools and actionable insights
  • Anticipate and manage business needs with more intelligent processes
  • Innovate new business models, automate processes, and shift to being proactive

Start integrating, automating, and transforming your business processes today! We will be announcing the official date and link of this webcast at a later date, but we welcome you to sign up for our email list for all the latest on business transformation.

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