The Core Capabilities of Dynamics 365 ERP System

Microsoft Dynamics 365 refers to a cloud-based tool, which combines the technologies of traditional ERP (Enterprise Resource Planning) and solutions of CRM (Customer Relationship Management) into a single system. It is a perfect solution for business management and is known for its ease of use and simple integration. The Dynamics 365 service providers can customise the solution as per your business need. The system has abilities to assist with business growth.

Financial Management

The implementation of the Microsoft Dynamics 365 ERP system eases the financial management in business. It connects data across sales, accounting, stock, purchasing and customer interactions. It also provides real-time chart performance and streamlines accounts receivables and payables. You can also get aided with accelerated financial reporting.

Project Management

Project management becomes easier with the use of the Dynamics 365 system. Your team can manage the project with convenience using timesheets and advanced reporting as well as job costing features. When implementing Dynamics 365, your team can develop, modify, and control budgets easily. It will also help you manage resource levels by planning capacity and sales in the company. Besides, the system will allow you to make effective decisions for business by analysing performance and using real-time data.

Business Reporting

Dynamics 365 enables you to get proper reporting and analytics. It will allow you to gain an end-to-end view of operations and performance. The financial forecasts can be refined by analysing data. You can also customise reports with the help of seamless Microsoft Excel integration.

Operations Management

The business operations are impeccably managed with the implementation of this ERP system. It enables you to generate production plans and create purchase orders automatically. Implementation of the system will also allow you to run warehousing efficiently by tracking transactions for every single item. Additionally, you can calculate and optimise manufacturing capacity and resources.

Supply Chain Management

The supply chain management becomes easier with ERP system implementation, as its automated system helps calculate stock levels, as well as record points and lead times easily. You can predict when and what to restock utilising the built-in intelligence. Along with it, the system provides a suggestion for substitutes, if any requested item is out of stock. Besides, it prevents fraudulent purchases using approval workflows and gives recommendations on when to pay the suppliers in order to utilise discounts.

Sales Management

Sales and service management of a business is ensured by the execution of Dynamics 365 Business Central. You can track all customer interactions and get an opportunity to know more about your sales. Outlook integrated into your system will help you manage sales-related requests as well as process payments with ease.

These capabilities of Dynamics 365 are supposed to deliver excellent service to your business. You can streamline the entire business process, and experience growth and expansion in business by satisfying customers with this business management procedure. However, it is necessary to get the service from a reputable service provider who can help you with proper implementation, training, and support.

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BradleyJackson Joined: August 14th, 2020