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Microsoft Dynamics 365 Finance

Microsoft Dynamics 365 Finance & Operations is now Two Applications

To offer more flexibility, Microsoft Dynamics 365 Finance and Operations is now available as two applications — Dynamics 365 Finance and Dynamics 365 Supply Chain Management.

With this, Microsoft has delivered more flexibility to organizations to adopt capabilities they need when they need them.  

A glance from the past

To eliminate the inefficiencies due to disparate systems and data silos, Microsoft has launched bundle of cloud-based business applications with unified customer relationship management (CRM) and enterprise resource planning (ERP) capabilities under the umbrella term Microsoft Dynamics 365. With this, “Microsoft Dynamics AX” became “Microsoft Dynamics for Finance and Operations” , and “Microsoft Dynamics NAV” became “Microsoft Dynamics Business Central”. As different systems are unified in the form of applications that can work together seamlessly in the cloud or as standalone application, Microsoft has announced one more important change in Dynamics 365 application structure. By transforming “Microsoft Dynamics for Finance and Operations” into two separate standalone applications i.e. “Dynamics 365 Finance” and “Dynamics 365 Supply Chain Management”, Microsoft has delivered easy and cost-effective options for small and mid-sized companies to choose the right modules according to their business needs. .

A Closer Look on Microsoft Dynamics 365 Finance.

Designed for small, mid-sized and organizations, Microsoft Dynamics 365 Finance helps in automating and modernizing financial operations while reducing costs. Embedded artificial intelligence (AI) enables you to make data-driven decisions to drive business growth. With Dynamics 365 Finance, you can monitor financial health of your business in real time while helping in decreasing global financial complexity and risks. Real-time, unified global financial reporting helps in improving business performance while integrated productivity tools and applications such as Office 365 save time and reduce errors. With support for process automation, budget control, financial planning and analysis, Dynamics 365 Finance minimizes costs while enabling you to optimize spending across business geographies. With rules-based chart of accounts and dimensions, Dynamics 365 Finance helps you to accurately manage your financial operations while adapting quickly to rapidly changing local and global financial requirements. .

Understanding Dynamics 365 Supply Chain Management.

Microsoft Dynamics 365 Operations is cloud-based Supply Chain Management software that helps in creating connected factory to drive smarter processes. By utilizing predictive insights and intelligence from AI and Internet of Things (IoT), Dynamics 365 Supply Chain Management (Operations) optimizes people, processes, and equipment across planning, production, stock, warehouse, and transportation to maximize operational efficiency and profitability. Dynamics 365 for Supply Chain Management supports different type of manufacturing process—discrete, lean, process, and mixed-mode while helping you in improving fulfillment. .

The Bottom Line.

With this move, organizations get the flexibility to choose applications as per their unique business needs. They can either start with Financial Management Software or can improve their business efficiency with Dynamics 365 Operations . Both modules work seamlessly together also. So, large organizations that need both should take both the application to streamline their business processes. Still confused, you should feel free to contact us.

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