Tag: d365 for finance and SCM

Today we will be diving into how to use the Tax Calculation Service (TCS) in project operations within Microsoft Dynamics 365 Finance. If you would like to explore more of our blogs on Microsoft Dynamics 365 Finance and Supply Chain Management click here. Value of the Tax Calculation Service In the continually evolving landscape of global business, the digitalization of tax systems and the wave of indirect tax regulations like...

In the ever-evolving landscape of corporate finance and supply chain management, businesses are constantly seeking efficient solutions to streamline their procurement processes. Microsoft Dynamics 365 Finance & Supply Chain Management (Dynamics 365) offers a comprehensive "source-to-pay" (S2P) process that encapsulates the end-to-end activities involved in sourcing, procuring, and paying for goods and services. What is Source-to-Pay? Source-to-Pay is a cohesive framework designed to enhance procurement operations from the initial step...

In the modern business landscape, managing financial transactions efficiently and accurately is extremely important. Microsoft Dynamics 365 Finance offers an innovative solution to financial management: automatic prepayments to vendor invoices. This feature simplifies the payment process by automatically handling advance payments made to vendors, reducing the need for manual oversight and improving cash flow management. What Are Prepayments? Prepayments are advance payments made to a vendor, usually tied to specific...

Managing expenses efficiently in a dynamic business environment is important for maintaining budget control and ensuring financial compliance. Microsoft Dynamics 365 Finance (D365) offers an expense management process that simplifies and automates expense entry, approval, and reimbursement processes. This solution includes a mobile app, available for both Apple and Android devices, which keeps managing expenses on-the-go accessible. Key Features of Microsoft Dynamics 365 Expense Management 1. Mobile App Convenience: The...

In today's world, technology is breaking new ground all the time, making it important to use artificial intelligence (AI) in a safe and smart way. Microsoft focusing on trust-building with secure and responsible AI integration. With the introduction of Copilot for Microsoft Dynamics 365 (D365) and Power Platform, Microsoft ensures AI enhances business operations while maintaining safety, compliance, and privacy protection. Understanding Copilot Copilot changes how businesses interact with data....

Navigating and leveraging financial reports within Microsoft Dynamics 365 Finance can help you better understand and manage your business' fiscal health. This guide will help you understand the functionalities available for viewing, dissecting, and customizing financial reports to meet their specific needs. Starting with the basics of opening a report, the guide delves into how to drill down for more detailed analysis, adjust report options for tailored insights, and the...

Microsoft Dynamics 365 Finance (D365 Finance) is a leading enterprise resource planning (ERP) solution. It offers capabilities in financial oversight, supply logistics, and production management. In this blog, we will discuss four innovations that set D365 Finance apart from its competitors and how the ERP platform is poised to redefine business management. D365 Finance can help transform your business and is set to continue evolving in the landscape of technological...

In today’s fast-paced business environment, automation within financial systems is vital for efficicency. Microsoft has jumpstarted this automation through Microsoft Dynamics 365 Finance (D365) with the Vendor Recurring Invoices feature. This blog talks about the intricacies of this feature, highlighting its significance, functionality, and the seamless process it promises for businesses grappling with monthly invoicing routines. The Genesis of Vendor Recurring Invoices Dynamics 365 Finance (D365) users have enjoyed the...

Microsoft is revolutionizing the way it delivers service updates, introducing more flexibility and control for its customers starting in April 2024.  Microsoft is rolling out significant changes that will benefit organizations by allowing them to better plan and execute their update processes. Here's everything you need to know about these updates. Scheduled and Flexible Autoupdates Previously, Microsoft service updates were automatically applied, with limited options for organizations to manage the...

Customer Relationship Management (CRM) and Enterprise Resource Planning (ERP) systems are platforms that are no longer just about managing data; they are evolving into powerhouses of automation, and advanced AI functionalities that integrate into the daily workflows of employees. This evolution promises to redefine efficiency in the workplace, offering employees ways to work smarter and enabling customers to have levels of personalized service that were previously unimaginable. Redefining Customer Interaction:...