Dynamics 365 for Finance and Operations
Dynamics 365’s flagship ERP app, Finance and Operations is heavily based on Dynamics AX, and features everything an organization needs to manage, plan, and analyze its financial and operational processes. The app unifies financial management and operational processes, making it especially useful for businesses in the retail, fleet management, and professional services industries.
Though generally pitched as the best Dynamics 365 ERP choice for larger organizations, Finance and Operations boasts extensive production capabilities, so is also a good option for discrete, lean, and process manufacturing businesses, regardless of size. It also features more-robust capabilities for public sector companies.
Finance and Operations features more-extensive financial management capabilities than Business Central, and is apt to run economic analysis, as opposed to general business accounting.
The most extensive and robust ERP app in the suite, Finance and Operations covers massive areas of business processes and operations.
Finance and Operations is packed with in-depth financial management tools — including accounts payable, accounts receivable, budgeting, cash and bank management, asset management, and general ledger — to help users control every aspect of their ins and outs, as well as intelligent analysis and reporting features to gather actionable insights.
There are also tools to ensure regulatory compliance and public sector requirements across 34 countries.
Finance and Operations helps oversee, analyze, and optimize supply chain and warehousing operations, with capabilities including cost management, inventory management, procurement and sourcing, product information management, and transportation and warehouse management. The app also helps streamline and automate processes throughout the supply chain, from picking to delivery.
By utilizing SQL Server’s forecasting algorithms, the app’s demand forecasting features also help improve product availability, minimize inventory costs, and reduce procurement costs by automating procure-to-pay processes.
Providing a platform through which to connect operations throughout the production lifecycle, Finance and Operations offers a number of order type options, so users can select the best manufacturing processes for their needs, or create their own mix from discrete, lean, and process in a single, unified solution to support your processes across the supply chain.
Finance and Operations also offers tools to manage your human capital, including creating and managing benefits, deductions, and compensation plans, overseeing employee development and training, delivering employee questionnaires, dealing with payroll, and recruiting new hires.