Tag Archive : Dynamic 365 Finance and Operations

/ Dynamic 365 Finance and Operations

 While many companies rely on operational and finance software to run their businesses, most have limited capabilities to help organizations foster future growth. ERP (Enterprise Resource Planning) software helps businesses manage day-to-day business activities and control the flow of data between different business systems. Cloud ERP software represents a step forward in helping organizations meet changing business needs. 

What is cloud ERP software?

Traditional ERP platforms often operate as separate entities and do not always coordinate with other systems. IT departments had to set up complex code modules to meet the specific business needs of the organization.

Modern cloud-based ERP systems combine disparate processes into a fluid ecosystem. They connect with other productivity tools, e-commerce platforms and customer engagement solutions to help businesses uncover insights to optimize business operations.

Traditional cloud ERP software is installed in a company's server infrastructure. The company's IT department is responsible for updating and maintaining the ERP to keep the information current. 

Cloud-based ERP eliminates the need for companies to maintain proprietary servers. Instead, information is stored in the cloud and shared between different departments. All ERP platforms store data in a shared database that supports multiple functions. Employees in the organizational field use the same information to complete business tasks without extensive changes to cloud ERP.

What benefits does cloud ERP systems offer?

ERP systems are used by all types of businesses. However, manufacturing companies use their platforms differently than the financial sector. A good ERP cloud solution can fit into any industry and help increase productivity and efficiency.

It enables organizations to simplify essential business functions, automate manual tasks and identify opportunities to improve current business processes.

 Let's see how businesses of all sizes can benefit from cloud ERP software.

1.Faster Update

Any ERP platform needs regular updates to maintain optimal system performance or address issues such as security vulnerabilities. Completing these tasks in an on-premises ERP system consumes a lot of IT time and resources. If something goes wrong, end users may experience issues such as using a different or incomplete new software version.

Cloud ERP systems help companies avoid issues related to missing updates. If you sign up for a cloud ERP platform such as Dynamics 365, it is Microsoft's responsibility to ensure your version is up to date. This means less disruption to day-to-day business. Users are often alerted to important updates and training opportunities.

2. Less Maintenance Cost

Another benefit of a cloud ERP platform over an on-premises setup is reduced implementation costs. Not a lot of hardware is bought for a server. Cloud ERP systems are a cost-effective option for small and midsize businesses that don't have the resources to set up an extensive server setup.

Businesses don't have to think about hiring experts for maintenance or upgrades. If your business wants to expand, simply upgrade your current ERP subscription tier. Cloud ERP providers host and manage the software used to maintain the system and provide ongoing support.

3. Faster Deployment

Setting up an on-premises ERP takes time and a lot of effort. This can lead to extended company downtime, especially if projects are not completed on time. A cloud-based ERP platform can be up and running quickly because you don't have to worry about setting up any hardware. In some cases, you can set up a cloud ERP in just a few days.

4. Be more flexible

The problem with many legacy systems is that organizations find it difficult to extend them to support business growth. Most modern cloud ERP software systems are equipped with technologies such as artificial intelligence (AI) and machine learning (ML). These capabilities help organizations spot trends and make data-driven business decisions.

Cloud ERP systems often have integrations for use with other cloud-based business tools. You can create reports from a central data store and create seamless workflows for employees.

5. Better Accessibility

Recovering from a disaster that causes hardware failure can result in extended business downtime and costly repairs. Cloud-based ERP systems use servers located in geographically distinct data centers. This helps businesses maintain access to information on the Internet, which in turn helps keep business running.

6. 100% uptime production systems

Today with a global user base, everyone wants to achieve 100% uptime for their Production systems and provides both backup and disaster recovery for your ERP, in one solution. This solution offers clients an affordable and comprehensive solution to ensure their  ERP systems are readily available in case of system issues or disasters. It gives them an alternative to traditional backup and disaster recovery solutions.

Most cloud platform architectures support without much hassle. The only pre-requisite is to have a good technical team who can support it.

Considerations for using cloud ERP software

Businesses should consider the potential challenges posed by deploying cloud ERP software, including:

  • ♦ Migration issues arising from migrating from traditional on-premises ERP systems to cloud-based systems.
  • ♦ There may be resistance from key stakeholders, including IT admins worried about losing full control over various back-end processes.
  • ♦ Need to comply with strict cybersecurity restrictions or address industry-specific regulatory compliance issues.

It helps to work with an ERP cloud provider that has experience dealing with these issues. Without experienced mentoring, even the most talented IT professionals can struggle. Transitioning to a more modern way of doing business is easier with experts guiding your business through potential obstacles.

Get help setting up your cloud ERP system

Great Innovus can help you realize your desire to transform into a more efficient way of doing business. We can help you leverage cloud ERP systems and simplify the way your business operates. Learn more about what Great Innovus can do for you by scheduling a consultation to discuss potential solutions.

Microsoft Dynamics 365 Finance and Operations is a cloud-based ERP system focused on managing all finances and inventory, designed for large companies.

Why choose Dynamics 365 Finance and Operations?
Research leaders predict that the ERP market is expected to grow steadily as systems now focus less on on-premises solutions and more on cloud platforms, artificial intelligence (AI), and the Internet of Things. While the market share of ERP is undoubtedly on the rise, there is a lot of debate as to which ERP has the largest market share and is therefore the market leader. Some of the major players in cloud ERP solutions, such as Microsoft Dynamics 365 Finance and Operations, Epicor, SAP and Oracle, are going all out to win the competition for your business.

If you're new to using cloud-based ERP, here's how it can help your business

* Improve competitiveness
* Improve operational processes
* Participate in organizational activities
* Help manage resources efficiently

Dynamics 365 Finance and Operations (F&O)
Microsoft Dynamics 365 Finance and Operations is a cloud-based ERP system focused on managing all finances and inventory, designed for large companies. It's a complete set of visionary tools that provide complete transparency and insight into your business. Since its release in 2016, Dynamics 365 for Finance & Operations has continued to evolve alongside the entire suite of Dynamics 365 applications.

Dynamics 365 Finance and Operations comes with two different license options:

* Dynamics 365 Finance (for budgeting, finance, accounting and project management)
* Dynamics 365 supply chain management (for design, manufacturing, warehousing and distribution)

Licensing options can help you select and set user access rights based on business processes. It can give you a competitive edge with a modern ERP with a new user interface, new features and integrations. No matter what industry you're in, Microsoft Dynamics 365 Finance and Operations is one of the best solutions your business could possibly need.

As a major competitor in the ERP market, Dynamics 365 for Finance & Operations promises to reduce costs and simplify setup. In addition, it connects seamlessly with a variety of other Microsoft business applications. One of the main benefits of Dynamics 365 is also user training.While every ERP system requires training, Dynamics 365 for F&O has a relatively short learning curve. It has some of the best features to manage your account and works like a dream. According to Forrester, organizations that create a data-driven culture have seen a three-year ROI of 366 percent in Microsoft business intelligence.

Dynamics 365 Finance and Operations at the forefront of the growing ERP market:
Microsoft's Dynamics 365 for Finance and Operations product leads the 2020 ERP Technology Value Matrix. No matter the industry, Microsoft Dynamics 365 provides financial, manufacturing, logistics, supply chain, and regulatory compliance capabilities.

However, the future trends of ERP systems play a unique role in today's growing market trends and demands. Relentless development efforts and significant investments in the Dynamics 365 application suite, including blockbuster acquisitions, have made Microsoft a leading provider of cloud applications.

Microsoft Dynamics 365 was released in a short time and climbed the market share rankings, quickly surpassing Salesforce and Oracle. This certainly makes it clear that future Microsoft Dynamics 365 projects will include more intelligence and cognitive services, proactive use of data to transform your business, and digitally future-proof your business.

How can Dynamics 365 Finance and Operations help your business?
Microsoft Dynamics 365 supports the digital transformation of many companies and industries. Here are some key advantages that prove that Microsoft Dynamics 365 definitely has a competitive advantage over other ERPs on the market.

Financial and Operational Benefits of D365

Reduce costs: It combines your company's expenses and IT perks to create an intelligent cost management program.

Flexibility: Dynamics 365 Finance and Operations applications give you complete freedom to customize and develop on any platform.

Deep-rooted integrations: Dynamics 365 provides deep-rooted CRM, BI, and other third-party integrations to keep your entire organization in sync.

Built-in analytics: Dynamics 365 has built-in analytics mechanisms to help you make better decisions faster.

Azure AI: The availability of intelligent Azure AI provides accurate predictions, tells you what's likely to happen, and provides predictions and recommendations.

Use Dynamics 365 Finance and Operations for your business!
Dynamics 365 F&O has much more than what we reviewed today. If you're evaluating ERP for your company, Dynamics 365 F&O should be at the top of your list. With its advanced features and wide range of benefits, it may be the best decision you can make to help your business succeed.

Great Innovus helps you identify, analyze and figure out the right strategy for a successful implementation of Dynamics 365 Finance and Operations.

Our Microsoft-certified experts can help you learn more about what's possible with Dynamics 365 Finance and Operations and help you identify the right strategy for success. Schedule a call with our experts today!