Reviewing company performance and updating strategic plans are at the forefront of chief financial officers’ (CFOs’) and finance teams’ responsibilities as the new year begins. Many executives find it difficult to handle the complexities of dealing with uncertainty, capitalizing on new trends, and boosting company performance. To ease the activation of business insights at every level of your organization, we are providing the newest improvements in our enterprise resource planning (ERP) portfolio that address these difficulties.
Finance in Microsoft Dynamics 365
Incorporating, maintaining, and accurately reporting data: Integration of diverse data sources, poor data quality, and reconciliation procedures all work together to make proper analysis and planning difficult, if not impossible. With the help of Microsoft Dynamics 365 Finance’s new business process-centric data models, which are part of the business performance analytics capabilities, we want to build a connected enterprise in 2024.
Users’ level of complexity: Solutions for corporate performance management and financial planning and analytics (FP&A) can include a high learning curve, an intuitive layout, and a challenging user interface. Make it a goal to equip your teams with user-friendly tools. Microsoft Dynamics 365 Finance will have capabilities that will assist with company performance planning.
The whole expense of ownership: Unfortunately, corporate performance management capabilities are often sold separately from financial management and ERP solutions, limiting their accessibility. Get the most out of your business performance management efforts while keeping costs down with our new Microsoft Dynamics 365 Finance Premium solution. It’s a breeze to get your hands on powerful business management tools and put them into action.
Make it easy to start by creating a single source of truth for analytics, planning, and insights
If you want your finance department to reach its full potential, you need to solve the frequent data-related problems and overcome the restrictions of your tools so that you can gain quick, actionable insights into your company’s performance.
If you want your finance department to reach its full potential, you need to solve the frequent data-related problems and overcome the restrictions of your tools so that you can gain quick, actionable insights into your company’s performance.
The goal of business performance analytics is to simplify data input, cleansing, and enrichment in order to completely revamp the way financial departments deal with complicated data. Teams may automate data hygiene to cut down on human labor, rely less on IT, and set the stage for new capabilities like AI and copilot.
Better analytics, insights, and planning can be achieved by creating a unified data model. Microsoft Dynamics 365 Finance analytics dashboard
Also Read: Embrace cloud migration with Microsoft Dynamics 365
Give people the power to use simple analytics and planning tools
Problems with sophisticated tools and out-of-date data force finance teams to resort to laborious manual processes when trying to extract crucial information. In order to uncover important insights that are vital for improving company performance, analytical tools can be overly complicated, require sophisticated data science abilities, or have out-of-date features. To achieve agile decision-making, C-suite financial executives must remove these obstacles and guarantee access to actionable insights in a timely manner.
Dynamics 365 Finance customers get a complete picture of their financial and operational performance. Thanks to its compatibility with Excel and Microsoft Power BI, these features streamline and automate budgeting, planning, forecasting, reporting, and analytics.
Using Dynamics 365 Finance, you can build long-term financial strategies.
Reduce expenses without sacrificing accessibility to necessary resources
Software licensing fees, implementation charges, and customization expenses all contribute to what is often a very high total cost of ownership (TCO) for company performance management solutions. Additional resources may be required to address integration difficulties with current systems. Ongoing labor costs may also result from the need for experienced staff to monitor and optimize the solution.
Conventional tools like Excel and Microsoft Power BI are integrated with Dynamics 365 Finance so that users can access planning, analytics, and insights. Users have access to all they need to get their jobs done and will have all the tools they need to create sophisticated financial planning, budgets, analytics, and insights with Microsoft Dynamics 365 Finance Premium.
Bring company performance management into the modern era
To successfully guide their enterprises through uncertainty, encourage innovation, and guarantee both short-term resilience and long-term prosperity, chief financial officers (CFOs) in today’s complicated economic environment realize the vital need for modern planning and analytical tools. Dynamics 365 Finance provides CFOs with the ability to equip finance and business executives with the necessary tools for risk anticipation and driving strategic innovation. Advanced corporate performance management is crucial for financial leaders in today’s economic climate. It provides a strong base to strengthen organizations, allowing them to not only survive but thrive in the face of future challenges.
The Dynamics 365 Finance Premium product simplifies the purchasing process and makes it easier for customers to begin using our planning and analytics capabilities in familiar, user-friendly interfaces for finance users.
Explore Dynamics 365 Finance in further detail
Get your company ready to embrace the new business performance planning features so you can start 2024 with a clearer picture of your long-term goals. To start managing your company’s performance with the help of AI, start right now. Discover how our new offering, Microsoft Dynamics 365 Finance Premium, can enhance our customers’ company performance management skills by learning more about our finance solutions.
