Microsoft Dynamics 365 Business Central Empowers Financial Managers

Financial management responsibilities are becoming increasingly strategic in nature - keeping pace with today’s rapidly evolving “app economy” has never been more important.

You’re a financial management professional and these days it’s unlikely you’re expected to deliver solely on the traditional business functions you trained for.

While you’re still expected to cover the basics such as financial reporting, financial planning, capital budgeting and structuring there’s an increasing expectation that you’ll “add value” to your organisation as a whole.

In order to meet this expectation, you’ll need a cross-functional, end-to-end view of your organisation’s business activities. Unfortunately, this is where legacy ERP applications, the very tools originally conceived to help you perform more efficiently, may be holding you back.

Dynamics 365 Business Central empowers financial professionals by eradicating inefficiencies caused by information silos

If your Legacy ERP solution doesn’t provide you with a single source of financial reporting across your entire organisation in real-time, you have a problem.

After all, how can you be expected to add substantial value to the business if you can’t access the very the financial intelligence you need to do so?

Dynamics 365 Business Central works smarter. It eradicates the information silos inherent in many organisations’ legacy ERP applications.

By migrating to Dynamics 365 Business Central you’re leveraging an innovative application capable of delivering the critical insights necessary to make informed financial decisions across your entire operation.

And as the UK’s leading Microsoft Dynamics 365 Partner, IT Lab can help you plan, manage and deliver this migration quickly and seamlessly.

Dynamics 365 Business Central is delivering real benefits in financial management

Here are some key benefits users are enjoying by deploying the application in financial management:

• Easy management of account receivables/ payables, bank reconciliation, fixed asset management, month and year end closing.
• A single source of real-time financial intelligence and reporting.
• Information silos are being banished forever and inefficiencies that slow businesses down are being removed.
• All aspects of their operations are connected enabling them to work smarter.
• Business efficiency is being enhanced with Dynamics 365 Business Central’s powerful ERP tools.
• Business processes are being improved saving time and money as a result.
• Users are connecting seamlessly with 3rd party applications such as payroll, banking, CRM and industry-specific systems

And, what about employee satisfaction?

With Dynamics 365 Business Central, you empower employees by providing them with a user-friendly interface and familiar tools that encourage them to do their best work.

Deep integration between Office 365 and Dynamics 365 Business Central lets users process transactions seamlessly in Outlook which is linked to your core finance application.

 Truly a new approach to intelligent business applications in the cloud

Dynamics 365 Business Central includes big data, advanced analytics and IoT functions as standard, all delivered through a SaaS model via the Microsoft Azure platform.

The platform offers total cloud vision of infrastructure, applications and data with trusted security, high availability and solid disaster recovery functionality.

Upgrades are taken care of seamlessly in the cloud, saving your organisation time and effort and delivering a much lower total cost of ownership as a result.

$16.97 Return on Investment for every $1 spent on an average Dynamics 365 deployment

According to an independent analysis by Nucleus Research, an average Dynamics 365 deployment returns an impressive $16.97 for every dollar spent.

This is significantly higher than the averages for ERP (Enterprise Resource Planning) at $7.23 and CRM (Customer Relationship Management) at $8.71.

Nucleus reported that companies leveraging Microsoft’s investments in cloud increased productivity and revenues while reducing costs.

Source: https://cloudblogs.microsoft.com/dynamics365/2018/10/05/roi-revealed-microsoft-dynamics-365-delivers-16-97-for-every-dollar-spent

IT Lab’s Adaptive Technology Model (ATM) enhances Dynamics 365 Business Central to future proof your investment

The IT Lab Adaptive Technology Model leads our thinking, as we help our customers cut through what can be a bewildering array of options available to realise adaptive, flexible and future proofed financial management solutions.

Adaptive Technology Model (ATM) – ATM is the IT Lab methodology conceived to help our customers adopt new technologies rapidly and seamlessly. ATM matches business requirements with the technologies needed to modernise your business and makes implementation easy with minimum time to value and a rapid ROI.

The Next Step

We look forward to hearing from you if you’re interested in exploring how IT Lab and Microsoft Dynamics 365 Business Central can help you do more with less, when it comes to financial management.

You’ll also discover how it can help you make informed decisions with an end-to-end view of your organisation in real-time and accelerate financial close and reporting.