Home » What is Financials for Dynamics 365? (Revised: Finance & Operations)

What is Financials for Dynamics 365? (Revised: Finance & Operations)

by Josh Santiago
4 minutes read

Microsoft has been pouring a significant amount of resources into its latest ERP product, Dynamics 365, which was released in November of 2016. The product features Financials, Sales, Customer Service, Field Service, Operations, Project Service Automation, and Marketing.

Dynamics 365 Financials is a complete cloud SAAS solution, based on the field-tested, mature Dynamics NAV platform and hosted using Microsoft Azure, all at a cost that’s less than what it would cost just to host another ERP solution.

Financials is a business management solution for small and mid-sized organizations that automates and streamlines business processes and helps you manage your business. Signing up is easy, and you can migrate existing business data from your legacy system. If you are currently running your business on Excel, or you have outgrown QuickBooks and want seamless integration between accounting and sales, Dynamics 365 for Financials is perfect for you. When you sign up for the Financials preview you get access to a demonstration company. The demonstration company contains sample data, but you can create your own sales documents, for example, or set up a bank account.

Dynamics 365 for Financials is more than just a cloud offering, as it brings all of the Dynamics tools together into one seamlessly integrated cloud platform. This includes established tools like Office 365 and CRM, as well as new technologies such as PowerApps, Power BI, Flow, CDM, Graph and other solutions. This is incredible stuff that will revolutionize the business world.

Connect Your Business

Automatically pull systems and processes together to manage financials, sales, service, and operations, Connect with 3rd party applications like payroll, banking, CRM, or industry-specific systems. With Dynamics 365 for Financials, you can access live financial data directly from Microsoft Excel to read, write and update items, sales orders, and purchase items.

In addition, professional-looking customizable quotes, and invoices can be created right from Word. Also, workflows are available to streamline business processes by synchronizing files, route documents and compose recurrent reports.

Importantly, Dynamics 365 ensures compliance with audit trails and enterprise-level security.

Make Better Decisions

Centralize data from accounting, sales, purchasing, and inventory to get an accurate view of your business. Real-time data updates help you spot trends, prevent issues, and deliver great customer experiences.

With Dynamics 365 for Financials, you can perform ad hoc, customized reporting by analyzing data across multiple dimensions, create custom dashboards for real-time analysis using Microsoft Power BI.

Start and Grow Easily

Handle business processes like quotes, orders, invoicing, purchasing, cash management, and reporting, from day one Built in the cloud, Dynamics 365 for Financials is easy to set up and manage. Drive quicker adoption and reduce training time with the same easy-to-use interface as the Office tools you already know-Dynamics 365 looks and feels like Office.

Furthermore, user accessibility, including mobile technology, makes it easy to get the information you want, where you want from your desktop, laptop, tablet, or phone. With all of these options, you get the same powerful capabilities and rich functionality and get one experience that’s consistent and secure across Windows, iOS, and Android

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