How Dynamics 365 Business Central Enables Financial Management to Make Informed Decision

Microsoft Dynamics 365 Business Central

In today’s highly competitive business environment, organizations need more from finance than just accurate statements and reports. Organizations want predictive insights that help business people to shape tomorrow’s business strategy while improving day-to-day decision-making in real time. As per leading research report, leveraging financial data to make more informed decisions can boost marketing productivity by 15 to 20%. Financial data analysis not only shares vital information both internally and externally but also delivers insights to make significant improvements to the very area that allows your business to flow. With financial analysis, you get answers about all your business related questions while enabling you to predict the future of your business. As an all-in-one, cloud-based business management solution, Microsoft Dynamics 365 Business Central empowers enterprises to transform their entry level accounting software or legacy Enterprise Resource Planning (ERP) system to a comprehensive solution to manage critical business functions, including finance, operations, sales, and customer service.

Dynamics 365 Business Central connects people and processes with a single, unified solution, so that data can be quickly and easily shared with key people throughout company. With access to the most current, accurate data, you can make the most informed decisions possible. Engineered for small to mid-sized enterprises, Dynamics 365 Business Central brings full NAV functionality to a SaaS environment with flexibility to deploy on cloud, on-premises and hybrid deployment options. By bringing full power of Dynamics NAV to the cloud via a shared “code-base” that makes transitioning seamless from entry-level accounting software and legacy ERP systems, D365 Business Central is suitable for businesses of any size, from startups to large organizations, enabling them to improve productivity while facilitating more agile operations.

Financial Management using Microsoft Dynamics 365 Business Central

By connecting data across accounting, sales, purchasing, inventory, and customer transactions Microsoft Dynamics 365 Business Central enables you to make more informed decision. With built-in Power BI dashboards, Dynamics 365 Business Central enables you to identify patterns and trends and gain new insights with in-depth analysis and unlimited dimensions. D365 Business Central accelerates financial close and reporting and maintains compliance with quick, accurate, and streamlined accounts receivable and payable. Comprehensive data modeling and analysis helps in improving forecast accuracy while enabling you to customize and share reports with seamless Excel integration.

Microsoft Dynamics 365 Business Central Financial Management Capabilities are below:

  • Account Schedules
  • Advanced Dimensions
  • Allocations
  • Bank Account Management
  • Bank Account Reconciliation
  • Basic XBRL
  • Cash Flow Forecast
  • Change Log
  • Cheque Writing
  • Consolidation
  • Cost Accounting
  • Deferrals
  • Electronic Payments/Direct Debits
  • Fixed Assets (basic)
  • Fixed Assets Allocations
  • General Ledger (basic)
  • Insurance
  • Inter-Company Postings
  • Maintenance
  • Multiple Currencies
  • Payment Handling
  • Reclassifications
  • Responsibility Centers

The Bottom Line

Microsoft Dynamics 365 Business Central enables you to manage your financials while creating process synergies and optimal inter-functional efficiencies by making smarter and more informed decisions.

Make Informed Decisions – With connected data across accounting, sales, purchase, inventory and customer interactions, you get an end-to-end view of your business alongside charting financial performance in real time via built-in Power BI dashboards.

Accelerate Financial Close and ReportingMicrosoft Dynamics 365 Business Central streamlines accounts receivables/payables and automatically reconciles accounts to close and report on financials quickly and accurately – all while maintaining compliance.

Improve Forecast Accuracy – Refine financial forecasts by modeling and analyzing data across multiple dimensions while customizing reports using seamless Microsoft Excel integration.

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