Tag: Dynamics Finance and Operations

Last week, June 19th, 2024, Logan Consulting had the pleasure of sponsoring and presenting at the Dynamics Community Roadshow in Chicago. This event was a day packed with insightful sessions, networking opportunities, and hands-on learning experiences. Our own Daniel Burkeen, Senior Functional Consultant at Logan Consulting, delivered an engaging presentation on Electronic Reporting in Microsoft Dynamics 365 for Finance and Supply Chain Management, including a live demonstration. Session Recap Daniel...

Reason #1 of 6 to attend Community Summit 2024 Welcome to the first installment of our exciting series leading up to Community Summit 2024! Each blog, we'll unveil one of the top six reasons why you should consider attending Community Summit 2024 with us in San Antonio, TX. This post, we're spotlighting the unparalleled networking opportunities waiting for you as a professional in the Microsoft Dynamics ecosystem. Why Networking at...

Promissory notes are a fundamental financial instrument where one party commits to paying a specific amount to another party at a future date. Within Microsoft Dynamics 365 Finance, this feature is highly versatile and can be effectively utilized by accounts payable (AP) teams, accounts receivable (AR) teams, treasury departments, legal teams, and vendors. Incorporating promissory notes into financial processes enhances cash flow management and ensures the accuracy of financial records....

Staying updated on new changes in Microsoft Dynamics 365 Finance and Supply Chain Management is crucial for optimizing your financial and operational processes. The June 2024 release, version 10.0.40, introduces several new features and enhancements designed to streamline operations and improve productivity. Here’s an overview of the key release enhancements: Dynamics 365 Finance New Features Bank Account Lifecycle Management Enables approval workflows for bank account activation, modification, and deactivation. Provides...

Efficiently managing your data is crucial for maintaining optimal system performance and cost-effectiveness. A well-defined data retention strategy not only enhances database performance but also helps reduce storage costs. This blog will guide you through creating a robust strategy for your Dynamics 365 Finance and Supply Chain Management environment, ensuring your data remains manageable, secure, and compliant. Understanding the Importance of Data Retention Data retention is a critical component of...

Effective supply chain management is critical for businesses to stay competitive in today’s dynamic market environment. Microsoft Dynamics 365 (D365) for Supply Chain Management offers a powerful feature known as rolling forecasts, which can significantly enhance your demand planning process. This blog will guide you through the benefits, usage, and setup of rolling forecasts within D365 for Supply Chain Management. Introduction to Rolling Forecasts Rolling forecasts allow businesses to maintain...

Managing data efficiently is crucial for any organization using Microsoft Dynamics 365 Finance. A well-crafted data maintenance strategy ensures optimal storage use and prevents costly overages. This blog post, the first in a two-part series, will explore the tools and features in Dynamics 365 Finance that can help you develop an effective data maintenance plan. Part two will focus on implementing your plan. The Importance of a Data Maintenance Team...

In today’s rapidly evolving business environment, having real-time, actionable insights is crucial for maintaining competitive advantage. Microsoft Dynamics 365 Finance & Supply Chain Management (D365) offers a solution for business performance analytics (BPA) that integrates seamlessly with existing systems, empowering organizations to harness their data effectively. In this blog, we will explore the key aspects of BPA with Dynamics 365 Finance and how it can transform your business operations. What...

Managing credit effectively is crucial for any business to maintain financial health and customer relationships. Dynamics 365 Finance Credit Management is a powerful tool designed to streamline and enhance credit-related processes within an organization. It is a comprehensive solution integrated into the credit and collections module of Dynamics 365. It aims to provide businesses with the tools to manage credit limits, assess risks, and block or release orders based on...

In the ever-evolving world of business technology, understanding the intricacies of inventory accounting within Microsoft Dynamics 365 Supply Chain Management is crucial for improving operational efficiency and financial accuracy. Inventory accounting goes beyond simple stock monitoring—it's integral to maintaining the financial health and operational effectiveness of any company. Mastery over inventory management directly influences cost containment, pricing strategies, compliance, and reporting.   The Importance of Inventory Accounting Inventory accounting is...