Microsoft Dynamics 365 Finance and Operations Functionalities

Microsoft Dynamics AX is now replaced with Dynamics 365 for Finance and Operations. It is high time that you migrate to the latest solution, if you have not done that already. There are functionalities that are new and advanced, and would help your business grow. Here we will discuss the functionalities of Microsoft Dynamics 365 for Finance and Operation.

Microsoft Dynamics 365 Finance and Operations Functionalities:

1.     Financial Management:

·        General Ledger

·        Account Payable

·        Account Receivable

·        Bank Management

·        Cost Accounting

·        Fixed Assets

·        County-specific capabilities

·        Budgetary Control

·        Financial Reporting

·        Compliance and internal control

2.     Human Capital Management:

·        Organization administration

·        Requirement and Selection management

·        Training

·        Skill Mapping

·        Travel and Expense

·        Development and performance administration

·        Time and attendance

·        Compensation management

·        Employee self-service portal

3.     Procurement and Sourcing:

·        Procurement reporting

·        Procurement workflow

·        Request for quotation

·        Vendor management

·        Vendor self-service portal

·        Trade agreements

·        Direct procurement

·        Indirect procurement

·        Category Management

4.     Project Management and Accounting:

·        Reporting

·        Grant management

·        Project quotations

·        Project accounting and invoicing

·        Work breakdown structures

·        Project time and expense

·        Project resource and schedule management

·        Project budgeting and cost control

5.     Production:

·        Production reporting

·        Production costing

·        Production orders

·        Resource management

·        Production scheduling and sequencing

·        Material and Capacity planning

·        Lean Manufacturing

·        Shop floor control

·        Routing

·        Product configuration

6.     Business Intelligence and Reporting:

·        Real-time Business Intelligence(BI) dashboards

·        Standard reports exceeding 800 in numbers

·        Natural language querying

·        Touch-enables native apps for iOS and Android

·        Integrate using open, standard based REST API

·        Combine with Microsoft Power Platform automate

7.     Supply Chain Management:

·        Intercompany

·        Forecasting

·        Inventory management

·        Shipping carrier interface

·        Multisite warehouse management

·        Quality management

·        Returns Management

·        Product management of goods and services

8.     Sales and Marketing:

·        Commerce services

·        Sales and Marketing repotting

·        Sales management

·        Case management

·        Lead and opportunity management

·        Marketing automation

·        Trade agreements

·        Sales force automation

9.     Service Management:

·        Sales agreement

·        Repair management

·        Service subscriptions

·        Performance reporting

·        Customer feedback management

·        Service calls and dispatching

These functionalities are brought to you by Dynamics 365 implementation partners.

Roles of Dynamics 365 for Operation partners:

Consultancy: Dynamics 365 for Finance and Operation is not a one-size-fit-all solution. Your Dynamics 365for Operation partner will help you select the best combination of features for your business and the industry you work in.

Customizations: as already mentions, you may need company-specific and industry-specific customizations to utilize the best of Dynamics 365. Your Dynamics 365 implementation partner will execute the required customizations.

Deployment: whether cloud or on-premise, it is always better to reply Dynamics 365 implementation partner, as they have expertise and experience that is unmatched.