The latest version 8.0 of Microsoft Dynamics 365 for Finance and Operations, an updated release, was announced on March 21. This marks two years since its availability on the market.
To celebrate this important milestone, Microsoft has released a few highlights accomplished so far in the Dynamics 365 for Finance and Operations roadmap. Here we cover the most important features and functionality.
1. Flexible and Agile Financial Reporting
Dynamics 365 for Finance and Operations supports multiple legal entities and currencies in a single instance that natively handles foreign exchange, reducing end-of-month processes. Furthermore, the Global Electronic Reporting (GER) provides configurable regulatory electronic invoicing, payments and reporting, which eases the maintenance on frequently changed regulatory functionality.
2. Pre-defined Business Process Flows and Workspaces
Dynamics 365 for Finance and Operations includes 1200 built-in templates and libraries to help speed implementations with proven best practices. It also offers over 50 customisable workspaces and business process overviews containing both transactional and analytical data through visuals, tiles, KPIs, and quick links to reports that drive productivity. Built-in, role-based security limits access to only those who need it.
The new release of Dynamics 365 for Operations is Microsoft’s new business solution for medium to large organisations. Dynamics 365 for Operations was previously known as AX7 and is a single software system that helps run businesses more effectively. It is a digitally transformed financial and operational ERP system.
3. Business Intelligence with Power BI
To date, Dynamics 365 for Finance and Operations delivers more than 20 Power BI content packs. The business intelligence functionality adds rich analytics that reflect the entire business and provide extensive real-time reporting capabilities to enable customers to get the most from their data.
4. App Customisation with Extensions and PowerApps
Dynamics 365 for Finance and Operations users can customise and extend the application to suit their requirements via no code/low code extensions. Users can easily add fields and embed PowerApps to adapt the application to their needs in a safe manner. On another note, Dynamics also offers partner solutions through AppSource to assist companies to find specific solutions tailored to their industry.
5. Flexible deployment options
Cloud, on-premises, and cloud + edge, also known as hybrid (currently planned for 2019), deliver the speed, scalability, flexibility, and control to enable customers to optimise global operations and stay on top of legal and regulatory compliance. Customers can deploy Finance and Operations where their business demands across 20 regional Azure datacenters.
Find out more about the key benefits of Dynamics 365 for Finance and Operations here.
Microsoft Dynamics for Operations
Contact Decision Inc. Immix and speak to one of our experienced Microsoft Dynamics ERP consultants if you would like to see how Dynamics AX/Dynamics 365 for Operations can help your business.