The Role of a CFO FAQs
Below you’d find a list of some of the more general questions we’re asked on a regular basis. They should give you some insight into who we are and what it’s like to work with us.
Explore The Role of a CFO FAQs
What does Microsoft Dynamics 365 Business Central do to help businesses leverage technology?
- It integrates financial management, so you can store everything in one place and get better visibility into business financial performance.
- It automates financial tasks, including invoicing, expense management and reconciliation.
- It automates business processes, such as warehouse, manufacturing and supply chain management.
- AI support is built in, with Microsoft’s Co-Pilot.
- It’s compatible with most devices and you can work almost anywhere (in 47 languages and in over 160 countries and regions)
- Working in Microsoft Cloud means your business can rely on industry-leading performance levels – and it’s also more cost-effective than hosting on-premise.
Business Centre costs a lot more than Sage, Xero and Quickbooks. Is it really worth it?
Packages such as Sage, Xero and Quickbooks can work well for small businesses, but they don’t scale well. Most modern businesses are looking for a deeper level of reporting and analysis, and this is what Business Central provides. This is especially important if you are looking to grow.
What’s the typical ROI of Business Central?
According to Forrester’s Total Economic Impact™ report (2023) Business Central has a typical ROI of 172% over three years, and a seven-month payback on the initial investment. Additionally, companies saw an 18% productivity gain for finance and operations staff.
Please also keep in mind we offer a partner scheme, so if you have multiple clients that you believe could benefit, send us the details and we can set up a call to discuss how best to make such a relationship work for all parties.
Are there other ways we’ll see a return on our investment?
Typically, businesses adopting Business Central report benefits including a reduction in required finance and operations staff hires, improvements in operations flows, improved business effectiveness and the ease of integrating with other Microsoft products.
Can I integrate Business Central with existing systems?
Yes. Business Central’s extensive list of built-in APIs are extremely flexible. They require no code and minimal setup.
Does Business Central integrate with other Microsoft products?
Business Central works particularly well with other Microsoft Products such as 365, including popular tools such as Excel, Outlook and Teams.
How long does it take to implement Business Central?
This depends on the scale of integration, and the resources your business puts in place to support it, but on average, you can expect it to take three to six months.
What resources will our business need in place to do it?
Business Central needs to be implemented in a way that works for your company, so ideally a project lead from your business would work with us through the implementation period.
How can I find out what other uses Business Central will have for my business beyond finance automation?
Contact hello@creative-computing.co.uk and share an overview of your business, as well as the challenges and frustrations you are facing. We’ll work with you to see how else you could use Business Central.
Are there any key members of the business that need to be involved in implementation of Business Central?
Ideally, we would recommend that your CFO and CIO work closely together to facilitate implementation. Both their skill sets are key to the success of the project.
Let's Talk
If you need customised software, we can create it. If you need a standard, cloud-based system, we’ll set it up. Get in touch with us today to discuss how our solutions will help streamline your processes for better data, better reporting and a better experience.
