How Microsoft Dynamics 365 F&SCM can be your lifeline
Are you constantly putting out fires in your global finance operations? You’re not alone. As your business grows, those spreadsheets and disconnected systems that once seemed manageable now feel like they’re actively working against you. Every regulatory change triggers a scramble, and every global transaction creates a headache. As for those “real-time insights” your team needs, they’re buried under mountains of processing delays and data silos.
Microsoft Dynamics 365 Finance and Supply Chain Management (F&SCM) isn’t just another system to add to your tech stack—it’s the integrated solution that finally lets you breathe. It tackles your most pressing financial challenges head-on, while creating the flexible foundation your business needs to adapt and thrive in today’s unpredictable business environment.
Dynamics 365 F&SCM: A unified financial ecosystem
Microsoft Dynamics 365 F&SCM represents a significant change from traditional ERP systems. Rather than viewing finance as a separate function, F&SCM integrates financial operations with supply chain, manufacturing, and other business processes to create a unified ecosystem. This integration allows financial data to flow seamlessly across your organization, eliminating silos and providing a single source of truth.
The platform is built on Microsoft’s Azure cloud infrastructure, giving your business enterprise-grade security, reliability, and scalability. This cloud-native approach means your financial systems can grow with your business without the substantial hardware investments traditional on-premises solutions require.
Not only does Microsoft give you the tools you need for your business, but Boyer & Associates has also been implementing Dynamics 365 F&SCM for years. We have the industry knowledge to help you be successful. Here are a few top features our clients love about the enterprise ERP that you will too:
Multi-Entity Financial Management
One of the most powerful aspects of Dynamics 365 F&SCM is its robust multi-entity architecture. For businesses operating across multiple countries or planning international expansion, this capability is transformative, offering:
- Centralized financial management with visibility across all entities
- Entity-specific configurations that respect local business practices
- Consolidated financial reporting that automatically handles different currencies, tax regulations, and accounting standards
- Streamlined intercompany transactions with automated elimination entries
These capabilities enable your finance team to maintain consistent processes across all operations while accommodating local requirements.
Comprehensive Multi-Currency Support
Global businesses also need to deal with currency complexities daily. F&SCM provides advanced multi-currency functionalities, reducing the need for manual calculations, minimizing errors, and gives you greater visibility. For example, F&SCM offers:
- Real-time exchange rate updates from trusted providers
- Realized and unrealized gain/loss calculations that comply with accounting standards
- Currency revaluation tools to assess exposure and adjust for fluctuations
- Transaction-level currency designations for accurate financial tracking
Global Tax Engine
Tax compliance represents one of the most challenging aspects of global operations. F&SCM reduces your tax compliance risk by including a sophisticated tax engine designed to handle complex tax requirements across multiple jurisdictions:
- Configurable tax determination rules based on multiple factors
- Support for VAT, GST, sales tax, and other tax types
- Automated tax calculations and posting
- Tax reporting tools for different jurisdictions
- Integration with electronic filing systems in supported countries
Staying ahead of global requirements
Microsoft Dynamics 365 F&SCM takes the headache out of regulatory compliance by continuously updating its frameworks to address evolving global requirements. You’re not starting from scratch—the system comes with built-in support for financial reporting standards like IFRS and GAAP, revenue recognition rules aligned with ASC 606 and IFRS 15, and lease accounting capabilities for IFRS 16 and ASC 842. It also includes country-specific localizations for major markets and data privacy controls that align with GDPR and similar regulations.
When it comes to electronic invoicing, F&SCM has you covered with configurable formats for different countries, digital signature capabilities that meet legal requirements, integration with government portals where needed, and comprehensive audit trails to demonstrate compliance.
For financial reporting and disclosure management, the system offers a configurable report designer for balance sheets, income statements, and cash flow reports, dimensional reporting to analyze data from multiple perspectives, regulatory reporting packages for major jurisdictions, and robust audit trails with version control for all financial reports. This gives your business the transparency it needs, especially when dealing with auditors and regulators.
Beyond basic accounting to advanced financial operations
Take your financial operations to new heights by seamlessly integrating artificial intelligence, predictive analytics, and automation into your financial workflows. With Boyer and F&SCM, you can transform how your organization handles money and makes decisions. Here are some of the advanced financial capabilities:
Financial Process Automation
F&SCM leverages AI and workflow automation to transform your financial processes. Most businesses use these types of automations to reduce manual processing times, minimize errors, and allow:
- AI-powered invoice matching that learns from historical patterns
- Automated payment proposals based on vendor terms and cash positions
- Intelligent cash flow forecasting using predictive analytics
- Streamlined expense processing with mobile receipt capture and automated approvals
Financial Insights and Analytics
Making informed decisions requires timely, accurate financial insights. F&SCM provides tools to help you turn your financial data into insights. For example, you get:
- Real-time financial dashboards customized for different roles
- Embedded Power BI analytics for visual exploration of financial data
- Financial performance metrics with drill-down capabilities
- Budget vs. actual comparisons with variance analysis
Treasury and Cash Management
Effective cash management is critical for business stability. F&SCM has the tools you need to optimize working capital while ensuring you have the liquidity you need to support operations. Look at some of the tools you get:
- Bank reconciliation automation to ensure accuracy
- Cash position dashboards with real-time visibility
- Liquidity forecasting using historical patterns and upcoming obligations
- Payment optimization to maximize cash flow benefits
Choosing Dynamics 365 F&SCM offers substantial advantages over traditional system implementations because of its cloud deployment model. You’ll experience faster deployment with pre-configured industry solutions, significantly reduced infrastructure costs by eliminating on-premises hardware, and the convenience of automatic updates that keep your system current with the latest features and compliance requirements. Microsoft’s enterprise-grade cloud security also provides improved protection for your financial data, while the cloud model delivers greater flexibility to scale resources as your business grows or changes.
One of the most powerful features of F&SCM is that it is designed as part of a connected ecosystem rather than an isolated solution. It integrates seamlessly with other Microsoft products like Office 365, Teams, and the Power Platform, while also offering pre-built connectors for common business systems. For more specialized needs, APIs and development tools enable custom integrations, including connections to specialized compliance solutions for specific industries. This comprehensive connectivity ensures your financial data flows smoothly across all business processes, eliminating the inefficiencies of manual transfers between systems and creating a cohesive business environment where information is always accessible where and when it’s needed.
A financial transformation journey
Boyer & Associates has helped organizations turn efficiency into cost savings by implementing Dynamics 365 F&SCM. Look at these numbers:
- 30-50% reduction in financial close times
- 15-40% decrease in manual processing for routine transactions
- 40% improvement in compliance-related activities
- 25-35% reduction in audit preparation time
Beyond efficiency improvements, F&SCM enables a strategic evolution of the finance function. No longer is the finance department a back-office function; instead, it’s now a strategic driver of business value:
- Shift from transaction processing to business partnership
- Earlier identification of financial risks and opportunities
- More agile response to changing market conditions
- Improved decision-making through real-time financial insights
Why Boyer and Dynamics 365 F&SCM?
Dynamics 365 F&SCM offers a unique combination of comprehensive financial capabilities, global compliance frameworks, and cloud-based flexibility. As you consider modernizing your financial systems, let the Boyer team help. With our industry knowledge and the Microsoft tools of F&SCM we not only can upgrade your business but transform it into a powerhouse. Contact us today to learn more.
