As companies accelerate their digital transformations in an unpredictable business landscape, CFOs are facing growing pressure to provide strategic foresight while enabling organizational agility. Having timely, unified, and predictive financial insights at scale is critical.
Microsoft’s latest offering – Dynamics 365 Finance Premium – promises to equip finance teams with precisely these capabilities. The initial release focuses on access to Microsoft’s new extended planning and analysis (xP&A) capabilities that encompass the crucial tasks of budgeting, forecasting, financial analysis, and corporate performance management.
Available now, Dynamics 365 Finance Premium marks a new tier of Microsoft’s Finance and Operations application. It builds on the strong foundations of data connectivity, analytics, and intelligence in standard Dynamics 365 Finance. This premium version layers on advanced functionalities to help organizations:
- Enhance finance performance
- Get more value from financial insights leveraging AI
- Adapt faster
Spanning key business domains for holistic visibility
One major advantage the premium finance solution offers is its unified data model spanning not just finance, but also supply chain and commerce functions. What does that mean for you? With just one finance premium license for your reporting expert, you can harness the power of AI and have it pull all your data together for you. Previously, this was a much more manual and complex process.
Equipped for continuous planning and predictions
Another key capability unlocked by Dynamics 365 Finance Premium is driver-based forecasts empowered by AI. Historical transactional data, internal budgets and plans, and external signals are intelligently analyzed to deliver role-based insights, financial projections, profitability analysis, and more. This allows businesses to rapidly adapt plans to capture opportunities and mitigate emerging risks.
Intelligent order promising for improved customer experience
The premium solution also features an order promising engine that evaluates parameters like past fulfillment data, demand seasonality, regional logistics hubs, and evolving supply side constraints to provide accurate order-to-delivery time commitments. This has a direct impact on optimizing inventory holding needs while improving order fulfillment rates and customer experiences.
Actionable insights for financial leaders
With Dynamics Finance Premium, CFOs and their teams can leverage embedded Power BI analytics to uncover trends and derive meaningful analysis. The solution offers 30-plus out-of-the-box reports including spend analysis, financial close, asset management and more. Key transactional data is also readily available for drilling down to uncover granular business insights.
Automating high volume, repetitive tasks
Many repetitive finance processes that are manually executed today like billing, collections, payments processing, and general accounting can be streamlined and automated leveraging AI within Dynamics 365 Finance Premium. This boosts your finance team’s productivity significantly while also minimizing errors.
The premium finance solution brings together the critical elements needed by modern finance leaders. It has integrated data models linking financial and operational data, predictive insights powered by AI to enable agile planning, advanced analytics for comprehensive reporting, and automation of high-volume finance tasks. While traditional ERP platforms have helped systematize core processes, Dynamics 365 Finance Premium moves the needle further through intelligent insights and pervasive connectivity.
Considering the solution’s promise of boosting agility, performance and data-driven decision making, Dynamics 365 Finance Premium offers compelling value. Its premium price point pales in comparison to the benefits, especially for large, complex global enterprises. As finance priorities continue to evolve, Microsoft’s latest offering empowers finance teams with the tools they need for the next leg of their growth through rapid adaptation.
Read more about Microsoft Dynamics 365 Finance Premium or contact us today for your license.
