In an ecosystem overcrowded with ever-evolving heavyweight competitors, small and medium-sized enterprises (SMEs) can find solace in a business management solution that can automate and streamline their processes: Microsoft Dynamics 365 Business Central.
Since its introduction, Microsoft Business Central has garnered a reputation for its ability to level the playing field for SMEs - giving them access to a software suite with an array of highly adaptable, fastly implemented, and simple functionalities usually reserved for industry giants with a huge budget. Amongst these features, one of the most evidently renowned is the Business Central finance module.
Dynamics 365 Business Central is a powerful tool, and the finance module is no exception. The standard configuration of MS Business Central deploys a general ledger that posts chart accounts to vendors, items, and customers more effectively. The Business Central finance module lets you smoothly direct your financial reports by controlling cash flow, assets, reconciliations, budgets, and project fees from an all-in-one system.
This means your economic standings are managed much more efficiently with an affordable ERP solution that lets you choose your licensing options. The functionalities in Business Central allow you to confidently keep track of your finances with machine data analysis in a way traditional accounting cannot. Additionally, thanks to a study published by Forrester, we can see the tangible results that Business Central finance has on a select number of businesses.
What Can D365 Business Central Finance Do For You?
The heart of Business Central is unanimously considered its ability to manage finance. Between adding dimensions for richer business intelligence, managing inventory, manufacturing, report, and reconciliation costs with the general ledger, calculating value-added tax (VAT) on sales and purchase transactions so that you can report the amounts to the tax authorities, and more, the Financial Management in Business Central is aptly able to ensure you always have eyes on the financial transactions of your business.
The Business Central finance module will not only ensure your projects are executed, but profitably with planning, resourcing, tracking, costing, billing, accounting, and real-time intelligence.
You can accelerate financial close and improve forecasting with real-time performance metrics and reporting while fostering compliance across subsidiaries. In Dynamics 365 Business Central, everything is connected across the cloud to reduce month-and-year closing times and let your employees feel confident that they won’t be weighed down by the common frustrations finance legacy systems may leave them with.
“We were looking for an upgraded ERP solution capable enough for our complicated operations, in the cloud. Business Central is that solution. We have everything we need in one tool. If we had kept the status quo, we’d be looking for a new solution every two to two and a half years.”
— CEO, speciality manufacturing (Forrester Report)