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Why 2020 Is The Right Time For You To Start With Cloud Financial Management Software?

Why 2020 Is The Right Time For You To Start With Cloud Financial Management Software?

In today’s highly competitive marketing landscape where you can witness cut-throat competition everywhere, only the smallest companies rely on spreadsheets or basic financial packages for their business accounting. Such companies consolidate financial data manually which eventually results in no tangible core business insights. If you don’t have the ability to pull up key financial information such as costs, sales forecasts, payables, taxes, & profitability quickly, then it’s tough to run a successful business. Effective cloud-based financial management software enables decision makers to optimize profitability, measure cash flow, determine tax obligations, ensure compliance, and maintain long-term enterprise sustainability.

Some Of The Key Benefits Of Cloud Financial Management Solution

Financial Control – Cloud accounting software brings your data to cloud, delivering accurate, real-time visibility into business activities and performance with comprehensive financial reports and personalized dashboards. With this, you get better control over your financials.

In-depth Financial Planning and Analysis – The stronger the financial planning, the more is the probability of success. Robust, cloud accounting software enables financial executives to forecast future financial risks, create “what if” scenarios, identify new business opportunities, and analyze the potential of new business lines.

Streamline Everyday Accounting Transactions – Cloud financial software automates your financial processes, enabling your team to handle general ledger, accounts payable and receivable, and internal reporting tasks quickly and more accurately.

Simplify Quoting – You can take advantage of workflow automation and Electronic Data Interchange (EDI) to speed up transactions & simplifying quoting. You can manage taxes and withholdings more efficiently with cloud financial solution.

Top Pick For Small & Growing Businesses – Microsoft Dynamics 365 Finance

D365 Finance is robust, cloud financial management software that automates your global financial operations, offers real-time visibility to financial performance, enabling smarter, faster actions and decisions with role-based workspaces. D365 for Finance comes with built-in Power BI that delivers high-level view of key business metrics, enabling you to drill-down into the transactions to make data-driven decisions to drive business growth.

• Dynamics 365 Finance comes with in-depth reporting capabilities, financial intelligence, and embedded real-time analytics to simplify global financial management.

• With support for multiple legal entities and currencies in a single instance, Dynamics 365 Finance helps you in handling foreign exchange while shortening end-of month process.

• Dynamics 365 Finance automates your financial process across geographies to minimize financial operation cost while providing budget control, and financial planning and analysis.

• D365 Finance enables your team to prioritize financial tasks based on predictive insights while helping them in customizing documents such as invoices and statements to easily adapt to changing business requirements with Office 365 templates.

• You can automate recurring billing to easily adapt to new revenue recognition standards to reduce audit costs, and accurately calculate and report your financial statements with Dynamics 365 Finance.

• With support for compliance across 37 countries and 42 languages, Microsoft Dynamics 365 finance addresses local and global business requirements, improves governance while reducing risks.

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