As users of Microsoft Dynamics 365 for Finance and Operations must be aware, Microsoft has now officially made it into two (2) applications, Dynamics 365 Finance and Dynamics 365 Supply Chain Management. Microsoft has done so to ensure that users of D365 get more flexibility as far as adopting the capabilities they need for a specific project or account, more importantly when they need them.
Microsoft Dynamics 365 for Finance continues to offer its routine benefits, of helping end users maximize financial visibility and profitability. By continuing to work on it, end users continue to enjoy benefits such as:
Automating and Modernizing Global Financial Operations: End users get to monitor performances in real time in addition to predicting outcomes and taking data-driven decisions that help drive agility and business growth.
Enhancing Financial Decision Making Through AI: They get to assess the health of their business, improve financial controls, optimize cash flow and take strategic decisions faster than before in order to propel real-time growth with the help of global financial reporting, predictive insights and embedded analytics.
Reducing Operational Expenses: They get to minimize costs and optimize spending across business geographies with the help of process automation, financial planning and analysis and budget control.
Unifying and Automating Financial Processes: This functionality helps them support any kind of business model and automate billing processes right from opportunity to renewal and eventually get actionable insights in order to maximize productivity and financial performance. Furthermore, they get to integrate core business processes with financials and automate standard tasks.
Decreasing Risks and Financial Complexities: End users find it very easy to manage their financial operations and adapt quickly to constantly changing global financial requirements with an easy to understand and manage rule-based dimensions and chart of accounts.
On the other hand, Dynamics 365 for Operations, which is now Dynamics 365 Supply Chain Management, continues to benefit end users in the same manner as it did when it was part of D365 for Finance and Operations. It makes many processes easy such as:
Managing Operations Proactively Using IoT: An integral part of supply chain, all the machinery on the shop floor can be easily connected with production resources., allowing an easy management of internet of things for scenarios involving production delays, equipment shortage and quality relate issues.
Managing Assets to Boost Efficiency: Dynamics 365 Supply Chain Management helps track machinery each time an IoT notification or business event or maintenance team triggers a maintenance request. Additionally, production efficacy increases when the relevant maintenance engineers conduct a repair or service.
Managing Orders for Optimum Flexibility: Dynamics 365 for Operations continues to make it easy to manage products within the supply chain as individual items or as bills of material as these require comprehensive control. Also, end users get to save time and be consistent with the entire product lifecycle management process by creating master products and releasing them to specific legal entities for use throughout as a group.
Driving Innovation by Getting Operational Insights: Power BI is embedded directly into Dynamics 365 Supply Chain Management. This helps end users assess and determine the performance of the entire supply chain. They get to focus on aspects such as production processing from both an inbound as well as outbound perspective.
Summary: Be it during times when Microsoft kept both Dynamics 365 Finance and Operations together or be it now when Microsoft has divided them into Dynamics 365 Finance or Dynamics 365 Supply Chain Management, Dynamics 365 continues to serve the interests of the end users as it used to before keeping its superiority intact.