What is Dynamics 365 Finance?
Dynamics 365 Finance is a cloud-based enterprise resource planning (ERP) solution developed by Microsoft. It is designed to help organisations manage their financial operations, streamline their complex finance processes, and gain insights into their financial performance.
Dynamics 365 for Finance offers a comprehensive set of features and modules that cover various aspects of financial management, including general ledger, accounts payable and receivable, cash and bank management, budgeting, fixed assets, financial reporting, and more. Dynamics 365 Finance modules are integrated with other Microsoft tools and services, such as Microsoft 365 and Power BI, to provide a seamless and connected experience.
Breaking Down SMB’s Financial Challenges
Are you a CFO or finance leader tired of legacy systems increasing
regulatory risks and limiting business growth?
Are these ailing your business?
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What Makes Dynamics 365 Finance the Preferred Option?
The Total Economic Impact™ of Dynamics 365 Finance
Experience the future of financial management with Dynamics 365 for Finance. Join the league of successful enterprises and discover how this solution can enhance your ROI by reducing costs and optimising operations.
ROI in last 3 years
Cost savings due to upgrade from legacy to modern technology
Boost in Finance Team Productivity
Why Consider a Change in Business Finance?
A business’s financial requirements are transforming at a rate of knots. Therefore, the need for change is inevitable.
Upcoming AI projects within the finance domain will need out-of-the-box deployment functionality by 2024
CFOs opine that risk management would be an integral part of their role in the near future
CFOs accept that financial data analysis, advanced data reporting and insights are key to business growth
Why Dynamics 365 Finance is the Right Choice?
Check out more about Dynamics 365 Finance, and why is it the best financial solution for your business.
How Dynamics 365 Finance Can Make a Difference?
Running a company’s financial operations can be a job easier said than done. Finance, regardless of whether an organisation is product-centric, service-centric, or a diversified organisation. Moving users to value-added activities versus manual tasks, connecting data across systems, and having an application that supports changing business models and rapid adoption to economic changes are key to making effective decisions that drive this transformation.
To continue the success and growth of Dynamics 365 Finance, you need to focus on delivering key enhancements that reflect the needs of delighting existing customers.
Better output: Enhance your team's output with streamlined, integrated finance procedures and duties
Quicker actions: With more than 50 role-based workspaces, facilitate quick user actions and decisions
Better transparency: Become more aware of your company's financial situation on a worldwide scale.
Enhance productivity: Increase productivity from resources and assets by using a centralised source
Better decision Making: Get faster and more accurate decisions using AI-backed real time data insights
Adapt and innovate: Make use of innovative technologies to improve business agility to grow more.
Succeed in a market built on subscriptions: Automated recurring billing to develop your business faster and more easily comply with new revenue recognition criteria.
Accurate cash flow projection: Track and monitor your cash flow in real-time, analyse past records and emerging trends to perform accurate cash flow projections.
Want to know how Dynamics 365 Finance can make a
difference to your business?
Dynamics 365 Finance Capabilities
Dynamics 365 Finance offers comprehensive capabilities that extend beyond traditional financial management systems. It serves as a unified hub, connecting people, processes, and critical insights for your organisation.
Trusted Microsoft Dynamics 365 Finance Services
At Dynamics Square, we know that each of the businesses has several unique requirements of its own. Therefore, we give you options to choose from to gain maximum from the business solution.
Our knowledge of the industry makes it possible for us to provide customised solutions to businesses across all major verticals and disciplines. A host of Dynamics 365 F&O services are available for you to look forward to.
We provide customised implementation services for Dynamics 365 for Finance in accordance with your needs and requirements.
Upgrade & Migration
Upgrade from Dynamics AX to Dynamics 365 for Finance without much hassle with our upgrade and migration services.
Support & Maintenance
Get round-the-clock support services for Dynamics 365 Finance. Resolve all of your issues on-priority with us at Dynamics Square.
We know that each business has its specific set of requirements, and we are here to provide all of the customisations that you need.
We are here to provide you with the best integration opportunities for Dynamics 365 for Finance. Check them out.
You can rely on our audit expertise if you want a hassle-free and seamless audit. We’d be happy to help.
Dynamics 365 Finance Pricing & Licensing
The pricing and licensing structure for Dynamics 365 for Finance is flexible, offering options to suit different business needs. Microsoft provides a variety of licensing plans tailored to the specific requirements of organisations. These plans typically include user-based subscription licenses, with pricing based on the number of users and the desired functionality. Contact us to know the right license type for your business, or to purchase licenses.
Dynamics 365 Finance
- Financials and accounting
- Human resource
Dynamics 365 Finance Team Member
- Read and approve
- Run reports
- Employee self service
* The above-mentioned pricing is subject to change without notice. Always consult our licensing expert for the latest and updated licensing cost and pricing.
Frequently Asked Questions
1. What Is Included In Dynamics 365 For Finance?
2. How Does Microsoft Dynamics Help In Managing Business Finances?
Dynamics 365 Finance helps businesses by providing them with financial insights for core finance management and globalization.
3. What Functionalities Differ In Dynamics 365 Finance And Operations?
All necessary information for continued business operations is provided within Dynamics 365 Finance and the execution of day-to-day tasks is monitored by Operations.
4. What Are Some Of The Capabilities Of Dynamics 365 Finance?
Dynamics 365 Finance has numerous capabilities including cash flow forecasting, budget plan narrative, electronic invoicing, configurable business documents and so on.
5. Dynamics 365 For Finance Is A Fit For Which Type Of Organizations?
Medium to large size organizations should opt for Dynamics 365 for Finance to manage day-to-day financial processes in the business and make informed decisions.
6. Does Dynamics 365 For Finance Help Businesses In Compliance?
The ERP solution is regularly updated to make it globally compliant with the various financial regulations in the diverse geographies.
7. What Is Microsoft Dynamics 365 Finance?
Microsoft Dynamics 365 for Finance is a cloud-based Enterprise Resource Planning (ERP) system ideally suited to large and diversified organizations. It helps to proactively manage financial operations and drive business growth.
8. Is Dynamics 365 Finance Same As Dynamics 365 Business Central?
Dynamics 365 Business Central is an all-in-one business management solution ideally suited to small and medium businesses. Whereas Dynamics 365 Finance is more suited to medium to large scale organization with global and more sophisticated operations.
9. Should I Implement Dynamics 365 Finance Or Dynamics 365 Business Central For My Business?
There are no strict rules about who should use Dynamics 365 Business Central or who should use Dynamics 365 Finance. Both are industry leading, versatile solutions. You can also refer to other FAQs. We suggest contacting our Dynamics 365 Finance consultant for an accurate assessment and suggestion.
10. Is Dynamics 365 Finance Same As Dynamics AX?
Dynamics 365 Finance evolved from Dynamics AX. Microsoft Dynamics AX is the retired solution which Microsoft split into 5 different Dynamics 365 apps. These apps are Dynamics 365 Finance, Dynamics 365 Supply Chain, Dynamics 365 Commerce, Dynamics 365 Human Resources, and Dynamics 365 Project Operations.
11. Is Dynamics 365 For Finance Same As Using Dynamics 365 For Finance & Operations?
Dynamics 365 Finance & Supply Chain used to be referred to as Dynamics 365 Finance & Operations. Dynamics 365 Finance, and Dynamics 365 Supply Chain are two different solutions, but they are often implemented alongside and makes a comprehensive business management solution.
12. Is Dynamics 365 Finance Available On-Premise?
Yes. Microsoft Dynamics 365 Finance can be deployed on-premise.
13. What Are Different Features Of Dynamics 365 Finance?
Dynamics 365 Finance is an end-to-end solution for financial management. It has all the core capabilities pertaining to AP, AR, Budgeting, Cash/Bank Management, Cost Accounting, Electronic Reporting, Fixed Assets, Asset Leasing, General Ledger, Financial Reporting, Public Sector, Globalization/Localization, Reporting and Power BI integration, Office integration, etc.
14. Can You Integrate Dynamics 365 Finance With Other Apps?
Yes. Dynamics 365 not only allows integration with Microsoft products but also with other third-party tools as the business might require.
15. Is Dynamics Training Available Online?
There are several free resources available online from Microsoft, and partners to learn Dynamics 365 Finance solution. Additionally, partner support can be taken for any specialized training requirement.
16. Is My Data Secure With Dynamics 365 Finance Online?
Data is safe with Microsoft Dynamics 365 Finance. Data is deployed into Microsoft Azure datacenter in a particular country or geography. Data encryption is done to keep it secure. Data access is controlled through authentication process.
17. Is There A Trial Version To Explore Dynamics 365 Finance?
A free trial for Dynamics 365 Finance is not offered from Microsoft. However, you can contact our sales team. We will be happy to do a demo for you.
18. Where Is Data Hosted In Dynamics 365 Finance Online?
Dynamics 365 Finance runs on Azure and uses Azure SQL Database that stores the data.
19. What Data Is Carried Forward From Old System To New System?
Master data, and opening balances are carried forward from the old system to Dynamics 365 Finance. It is not recommended to carry forward all historical data. For important data, Microsoft Dynamics 365 Data Migration is not complicated.
20. Who Implements Dynamics 365 Finance?
Dynamics 365 Finance is implemented through one of the Microsoft partners. The extent to which partner’s work is required depends on the complexity of business requirement.
21. How Much Time It Takes To Implement Dynamics 365 Finance?
The implementation time varies based on business requirement. It can take a minimum of 16-20 weeks to go-live.
22. What Is The Role Of Dynamics Square In Dynamics 365 Finance Setup?
23. How Does Post Deployment Support Work For Dynamics 365 Finance?
As with the implementation, and initial setup, the post deployment Support for Microsoft Dynamics 365 Finance will be through Microsoft’s partner network. Dynamics Square is one of the leading partners that offers implementation, and post go-live support services.
24. How Much Does Dynamics 365 Finance Cost?
Setting-up and going-live with Microsoft Dynamics 365 Finance normally involve 3 costs. One-time setup/implementation cost, license (monthly) cost, and post implementation support cost. Cost varies depending on the complexity of business requirement.
25. Is It Easy To Find Microsoft Dynamics 365 Finance Consultant?
Microsoft has a strong partner ecosystem for support and services. Moreover, you can find competitive Microsoft Dynamics 365 Finance Consultants for Finance and other Dynamics Solutions unlike other ERP/CRM solutions.
26. How Is Dynamics 365 Finance Licensed?
Microsoft Dynamics 365 Finance pricing is simple. It is licensed on a per user per month (PUPM) basis. There are two types of users – full users, and team member users. For more information, you can speak with our sales consultant.
27. Is There Any Minimum License/Subscription Requirement For Dynamics 365 Finance?
There is a minimum of 20 licenses required to use Dynamics 365 Finance. For more information, you can speak with our sales consultant.
28. Is There Any Other Recurring Cost Other Than Monthly Licensing?
No. With Dynamics 365 Finance online, you just need to pay monthly license fee. Everything else, including hosting, data backup, storage, encryption, security, disaster recovery, etc. is taken care of by Microsoft.
29. Is Dynamics 365 Finance On-Premise Pricing Different?
For on-premise deployment, Dynamics 365 Finance pricing can differ based on business case. You can reach out to our sales consultant to know more.
30. Which Industries Is Dynamics 365 Finance Good For?
Dynamics 365 Finance works for all industries. It is an adaptable, and flexible solution. Moreover, there are several industry-specific add-ons available on Microsoft’s AppSource. These add-ons are based on industry-specific best practices.
31. What Level Of Localization Is Available In Dynamics 365 Finance?
Dynamics 365 Finance is often used by organizations with multi-country operations. Thus, it incorporates all necessary localization frameworks from language & currency to compliances, taxation, policies, accounting practices, etc.
32. Can Dynamics 365 Finance Handle Multi Country, Multi-Currency Processes Well?
Yes, it can. Also, it comes with Electronic Messaging and Electronic Reporting functionality. It enables business data to be shared with regulatory bodies as maybe required by governments in certain countries, in electronic format directly from the source where it is stored and processed.
33. Where Is Dynamics Square Based?
Dynamics Square has a presence across Australia. If you are looking for a Dynamics 365 partner in Sydney, Melbourne, Brisbane, or Perth we have got your covered with our offices in all these locations.
Microsoft Dynamics 365 Success Stories
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Building on the top of the innovative Business Central while maintaining our powerful partnership models has been key to how we have grown our customer base by more than 25% per year.
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