Dynamics 365 for Finance & Operation (also known as Dynamics 365 Finance and Supply Chain) is an ERP (Enterprise Resource Planning) software that is specifically designed to support enterprise-size businesses. Its earlier version Microsoft AX provided similar features but was an on-premises solution with limited flexibility which is not even entitled to support after a certain period. Because of this, many users are switching to this cloud-based solution I.e., Microsoft Dynamics 365 Finance and Operations.
Why would you choose Microsoft Dynamics Finance and Operations?
Many researchers have predicted the steady growth of the ERP in the upcoming years as it is no longer about on-premises software but about cloud-based platforms, IoT (Internet of Things), and Artificial Intelligence.
Since it has already been made clear about the inevitable growth potential it has, the fight comes down to who becomes the most prominent ERP in the market. Many top providers like Microsoft Dynamics 365, SAP, Epicor, and Oracle are giving them more than 100 percent to stay ahead in the competition.
If you are new to cloud-based ERP, this is how it is going to influence your business:
- Enhance competitiveness
- Boost operational processes
- Incorporate organizational activities
- Manages resources with efficiency
Growth Estimates of ERP suggest that the Global ERP market size is expected to reach USD$ 60230 million by the end of 2023, which is a pretty significant value.
In this blog, we will discuss why Dynamics 365 for Finance & Operation is ahead of the competition.
An Overview of Microsoft Dynamics Finance and Operations
Dynamics 365 for Finance & Operation is a cloud-based ERP, specifically designed for large-scale businesses. It involves handling all inventory and finance-related activities. Supported by visionary tools delivering complete transparency and real-time updates of a business, it continues to grow at an exponential rate every year. Since its debut in 2016, it has seen many significant updates.
It comes with two separate licensing options that are:
- Dynamics 365 Supply Chain Management (manufacturing, engineering, distribution, and warehousing)
- Dynamics 365 Finance (Financials, budgeting, project management, and accounting)
The licensing options enable the user to decide their user access depending upon their business processes. It can also drive a competitive edge via a modern ERP solution with the latest functionalities, integration, and new UI. It doesn’t matter what your industry is, Microsoft Dynamics could be the best solution you would enable.
Dynamics 365 for Finance & Operation is a prominent competitor in the ERP market ensuring lower costs and greater flexibility and straightforward startup. Additionally, it connects with the other Microsoft business applications. Furthermore, user training is also one of the greatest features of Microsoft Dynamics 365.
Even though ERP systems might demand training, the learning curve is way shorter than others. In addition, it comes along with some of the best capabilities that help a business manage its functions and accounts.
It did not take too long for Dynamics Finance and Supply Chain to hold a special place in the ERP market while seamlessly surpassing Oracle and Salesforce. This indicates the prospect growth of Dynamics 365 that includes better use of data and greater business transformations.
How Dynamics 365 for Finance & Operation Ensures a Greater ROI (Return on Investment)?
Dynamics 365 for Finance & Operation ensures various industries and businesses a digital transformation. Given below are the primary factors that enable a greater ROI and give a competitive advantage over other ERPs (Enterprise Resource Planning) in the market:
Reduced Costs: It centralizes your organization’s expenses, and IT costs to deliver a better cost to come up with a smarter cost management system
Flexibility: D365 Finance and Operations applications enable enough freedom of development and customization on all platforms.
Deep Integrations: D365 enables deep-rooted BI (Business Intelligence), CRM (Customer Relationship Manager), and other third-party integrations while synchronizing your entire organization.
Built-in Analysis: Dynamics 365 is reinforced with a built-in analytics mechanism that helps the user make better and quicker decisions.
Azure AI (Artificial Intelligence): The Azure AI ensures accurate predictions, forecasts future scenarios while providing recommendations and predictions.
Microsoft Dynamics 365 for Finance & Operations has a lot more to offer. If you are looking forward to getting a cloud-based ERP, you should keep D365 F&O at the top. Followed by its robust features and exponential growth potential, it can be one of your best decisions. If you are looking for an implementation partner, you may contact Trident Information Systems, a Dynamics 365 Services Provider. Reinforced with a massive team of experts and a solid track of accomplishments, we have never failed a single client.