10 Features in Microsoft Dynamics 365 Finance You Didn’t Know You Needed

Posted on: October 4, 2023 | By: Fred Liu | Microsoft Dynamics Manufacturing, Microsoft Dynamics AX/365

Microsoft Dynamics 365 Finance has positioned itself as a frontrunner in financial software solutions. Like any comprehensive tool, there are always features that you may not know you need that can drastically improve your financial operations. Microsoft Dynamics 365 Finance can help your business by automating time-intensive tasks, deriving critical insights from data, or improving the quality of everyday financial processes. In this blog, we will explore 10 features you may not know you needed in Microsoft Dynamics 365.

10 Features in Microsoft Dynamics 365 Finance:

  1. Budget Planning Templates & Workflows: Have you ever felt overwhelmed while setting up budgets? Dynamics 365 provides customizable templates that align with your business needs and workflows to guide you through the budget approval process smoothly.
  2. Recurring Invoices: For businesses that bill customers regularly, the recurring invoice feature ensures that you never miss billing a client. Set it up once, and Dynamics 365 will handle the rest.
  3. Expense Management via Mobile: On-the-go expense tracking is a breeze with Dynamics 365. Snap a picture of your receipt, upload it via mobile, and it automatically gets added to your expense report.
  4. Predictive Cash Flow Forecasting: Utilizing AI, this feature offers insights into future cash flow trends based on historical data, helping businesses to anticipate financial needs and adjust strategies accordingly.
  5. Bank Reconciliation Automation: Say goodbye to tedious manual matching. Dynamics 365 automates the process, flagging discrepancies for review and saving countless hours in the process.
  6. Role-based Workspaces: Tailored dashboards based on user roles ensure that every team member gets a view pertinent to their responsibilities, streamlining tasks and enhancing productivity.
  7. Transaction Automation: If you manage finances for multiple entities or subsidiaries, this feature is a lifesaver. It automatically posts reciprocal entries in different company accounts, ensuring data consistency.
  8. Advanced Payment Scheduling: This feature enables businesses to set up intricate payment schedules, accommodating various terms and conditions, ensuring timely payments, and better vendor relationships.
  9. Fixed Asset Lifecycle Management: From acquisition to depreciation and eventual disposal, Dynamics 365 provides an end-to-end view of your assets, ensuring you maximize value and stay compliant.
  10. Embedded Power BI Reports: Dive deep into your financial data with embedded Power BI dashboards. These offer real-time insights, helping businesses make data-driven decisions on the fly.

Next Steps:

If you want to learn more about how to take full advantage of these features or to learn more about them in Microsoft Dynamics 365 Finance, contact us here to learn how we can help you grow your business. You can also email us at info@loganconsulting.com or call (312) 345-8817.

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