The financial management capability of the Dynamics 365 Business Central does not just include financial accounting functions, but also combines various aspects of finance, cost and activity accounting, as well as internal and external reporting.
The current data of all company areas such as purchasing, sales, warehouse and wages/salaries are merged in financial management of Microsoft Dynamics 365 Business Central (formerly Dynamics NAV).
You can access the core data at the push of a button to determine and analyse sources and correlations at any time.
Digital transformation is upon us, and every industry and every business is part of it. Change is happening fast and many, if not all, industries will be redefined. This new era is defined by transformation and disruption.
The disruptors will be among the first digital organisations that define what a “digital enterprise” really looks like.
These industries are some of the most complex and innovative and businesses must embrace digital transformation to remain competitive.
You need software solutions that significantly reduce the cost of governance, management and administration, while enabling you to instantly access relevant, accurate and complex financial information; modify processes quickly and easily with visual tools; use comprehensive real-time reporting capabilities; deal with both internal and external changes, such as fluctuating funding levels, new funding structures and changing regulatory requirements.
Today’s PSOs don’t just operate against a backdrop of unprecedented change and complexity – you’re right in the middle of it: increasing competition, automation, new regulations, heightened customer expectations, micro-services, expert talent shortages, new technologies…
All of which are very real and are having immediate effects on the day-to-day abilities of your teams to deliver on your services and business objectives.
People are at the heart of your organisation – it’s the very essence of what makes you successful. From the experts delivering services, all the way through to the back-office teams who support them and drive your organisations efficiency, productivity and profitability – as a technology solution partner ourselves, we understand this value.
Whether your customers are consumers, corner shop owners or major retailers, their expectations are growing – success in the wholesale & distribution sector depends on maintaining tight financial control and effective management over high volume/low margin operations. It is essential to identify and focus on the most profitable business and to optimise cash flow and debt.
On top of this, supply chains are constantly evolving and becoming more complex, leading to organisational processes and requirements also changing at increasingly rapid rates.
You need enhanced agility, collaboration, and the ability to respond effectively to changing market conditions, whilst driving up efficiency across your entire value chain – your core business solutions are central to this.
Microsoft Dynamics 365 Business Central also transcends almost all job roles within a business, not just different industries.
This means that every member of your team can work on the same system, using specific user roles for their job to make their day to day tasks much easier.
Make sure all of your team are working form the same data, reducing risk of double entry, or something important being missed. Click the link below to discover how different job roles are covered with Business Central.