Using Microsoft Dynamics For Home Business Financial Management

*This is a collaborative post.

If you are looking for reliable software that will help you to modernise and automate your home financial operations, you should consider Microsoft Dynamics 365 for Financials. This is a great solution for predicting outcomes and making intelligent, data-driven decisions that while ultimately help improve your bottom line. With that being said, continue reading to discover the advantages that Microsoft Dynamics 365 can have on your business’ finances. 

On-premise and cloud operations

There is only one place to begin when it comes to using Microsoft Dynamics 365 for financials, and this is with the advantages and versatility that cloud computing offers. No matter whether you have made the move to the Cloud yet or not, this is a great option to consider because it is designed to be Cloud-first but not Cloud only. You have a choice with this software. Hybrid ‘Edge’ modeling should be considered if you have vital company processes that should never be shut down because of connection problems. Good examples here would be emergency services and hospitals. With Dynamics 365, you essentially get the best of both worlds!

Huge range of business applications

Another benefit is that you have extensive capabilities with Microsoft Dynamics 365. It provides added benefits when you make the most of the complementary tools that are available, such as Dynamics 365 for Sales and Dynamics 365 for Talent. If your business needs a wide range of business applications, such as warehouse management, asset management, professional services, procurement, and financials, Dynamics 365 Finance and Operations might be your best choice. At the core of this solution, there are processes such as consolidated reporting, multi-company capabilities for inter-company transactions, budgeting, workflow, and requisitions. 

Integrated systems

Businesses today are increasingly moving toward integrated systems to give insight and visibility into all activities that go on at the company. Usually, manual processing with Excel would be needed in order to share data between Customer Service, Marketing, Sales, Operations, and such teams. However, since Common Data Service has been introduced by Microsoft, this has not been needed. Now, it is possible to have visibility among all areas of your company, including financial, sales, and product life cycles. You can collaborate with third parties, such as your local SEO agency, effectively via this platform.

Scalability

Last but not least, it is important to discuss the scalability that is associated with this platform. A wide range of businesses have found Microsoft Dynamics 365 suitable. This includes companies that had been using QuickBooks and they found that it was no longer able to keep up with their needs. Others anticipated dramatic growth, and they wanted to make sure they had a system that would keep up with it. Microsoft Dynamics 365 can also assist if you need to scale down operations. The platform works for you.

So there you have it; everything that you need to know about Microsoft Dynamics 365 and why it is the a wise solution for business finances.