We’ve all heard about how AI and automation tools can transform business operations, particularly in finance – but what do we actually mean by this?
While each company will use it slightly differently, here are six fundamental ways Microsoft Dynamics 365 Business Central can empower organisations to make the most of emergent technologies:
1. Integrated Financial Management: Business Central places financial data and processes at the core of its system. Key functions like accounts payable and receivable, budgeting and financial reporting are consolidated, making it easier for CFOs and their teams to achieve full visibility into financial performance. This, in turn, allows for more informed decision-making by providing insights into vital metrics such as average selling price per unit and average cost per unit.
2. Automated Financial Tasks: With features like inventory tracking, accurate reporting and integration with Excel, Business Central allows businesses to automate repetitive financial tasks such as invoicing, reconciliation, and expense management. Not only does this streamline the processes involved, but it reduces the time required for teams to do it, freeing them up to focus on other areas of your business.
3. Automated Business Processes: While many businesses discover Business Central thanks to its finance automation capacity, it goes far beyond this, extending automation to include warehouse, manufacturing, and supply chain management functions, such as stock management and production lifecycle tracking. Similarly to finance automation, by optimising these processes organisations can find multiple ways to minimise costs and free up teams to enhance operational efficiency.
4. Built-in AI Support: Microsoft Dynamics 365 Business Central incorporates advanced AI in the form of Microsoft’s Co-Pilot. The AI integration is a fundamental aspect of the system, empowering organisations to effectively optimise key financial metrics, among other things. Additionally, with each upgrade, the AI capabilities expand, offering tools for revenue forecasting, predicting late payments, bank reconciliation, and generating analysis tabs – and no doubt more as time goes on.
5. Device and Global Compatibility: Business Central offers flexible and compatible working options across the majority of devices, including desktops, tablets and mobile devices (iOS and Android). This level of flexibility extends to geographical territories too, with the system able to operate in over 160 countries and regions and supporting 47 languages, ensuring that your business is fully ready to expand globally. It’s also, as you might expect, compatible with other Microsoft products, such as Teams and Excel.
6. Reliable, Scalable Performance: Microsoft is famous for its pioneering work in the technological arena – and Business Central is no exception. This means that by choosing Microsoft, you can relax, safe in the knowledge that leveraging the Microsoft Cloud guarantees industry-leading performance levels both now and in the future. An added benefit is that cloud hosting has proven to be more cost-effective than on-premise solutions, offering reliability and scalability for businesses of all sizes.
To find out more about how Creative Computing can help you create a road map to implement Microsoft Dynamics 365 Business Central to support your business, simply get in touch via the form below.
