Category: Microsoft Dynamics AX/365

If you are ever away from your computer and you would like to stay updated about purchase orders, running back to your desk to check on it would be such a hassle. That is why you need to have the Vendor Collaboration Mobile Workspace on your phone. Microsoft developed this mobile workspace that is intended to be used with the Finance and Operations (same as Supply Chain Management) mobile app...

Is your business considering the acquisition of new software to resolve business concerns, enhance company offerings, or boost your position in the marketplace?  Far too often we find businesses making these decisions without fully understanding the requirements for the new solution, and without a methodology to select the best possible software for your specific organization. A robust process for the selection of new software systems is a must for any...

In industries where the customer base is more prone to not paying on time, interest fees are usually charged. There are three main ways that companies can deal with interest fee charges: waiving charges, reinstating charges, and reversing charges. Waived charges are forgiven. You might waive a charge if, for example, a customer disputes the charge, and you want to maintain a good business relationship with that customer. Reinstated charges...

With the COVID-19 pandemic, businesses experienced disruptions in supply chain which could have been avoided if their supply chains were prepared to match the growing digital commerce needs. It is imperative for companies to digitally transform their supply chains as digital commerce continues to expand and develop. This blog talks about how you can use Microsoft Dynamics 365 to help build an agile supply chain of the future that will...

Reconciling costs Landed costs can be applied to purchase and transfer orders, but this blog will focus on the purchase order side.  The landed cost functionality provides accounting with appropriate tools that simplify the reconciling of costs related to overseas material.  This specifically relates to the cost types that are setup as part of the configuration of the module.  These cost types can be manually added to orders or come...

The 2022 release wave plan for Dynamics 365 brings new innovations that provide you with significant capabilities to transform your business. This month’s release contains the following exciting new features in Dynamics 365 for Finance & Supply Chain Management for these apps: Finance, Supply Chain Management, Guides, and Project Operations.  Dynamics 365 Finance drives automation and predictive analytics capabilities.  New Feature: Financial dimension service Business Value: The creation and validation of unique...

It is imperative for organizations today to enhance visibility in their supply chain networks. Businesses must predict and proactively mitigate risks from disruptions due to unprecedented events so that they can compete effectively and meet their customer demand on time. Microsoft Dynamics 365 helps with planning and execution so that organizations can respond better and in near real-time. Dynamics 365 provides enhanced visibility of demand, supply, capacity, and inventory across...

Number sequences are used to generate readable, unique identifiers for master data records and transaction records that require identifiers. In Accounts receivable, you can set up number sequence groups to allocate specific number sequences to specific customers or vendors. When you set up a number sequence, you must specify a scope, which defines which organization uses the number sequence. The scope can be Shared, Company, Legal entity, or Operating unit. You can use shared...

If you are new to the accounting world or more specifically the accounts receivable (AR) world and are looking to get your feet wet on AR best practices in Dynamics 365 for Finance, this blog is a great starting point.  As a newbie, you can use AR to track customer invoices and incoming payments.  This blog describes how to view settlements, view global transactions, understand transaction filters, and modify due...

Tracking medical equipment depreciation is important as the average hospital spends about $11.9 million on medical equipment per year and depreciation allows you to reduce the amount of taxes owed in a year or over a period of years. Understanding equipment depreciation can help you decide how to finance your company’s next major purchase. Read this blog to learn the basics about how Microsoft Dynamics 365 can help track fixed...