How Dynamics 365 Finance Insights Will Transform Your Business Financial Processes
One of the most important goals for every business is to make a profit and have operations running smoothly. We understand manually managing your finances can become very time consuming and often a burden for your business. But it doesn’t have to be. Dynamics 365 Finance, a cloud-based ERP (Enterprise Resource Planning) solution, enables businesses to monitor their daily financial performance in real-time and make informed financial decisions. Driven by Artificial Intelligence, businesses can gain in-depth insight on their finances and better understand their target market. The innovative software will further enhance your financial processes with Finance Insights, coming soon to the platform.
Let’s explore how Dynamics 365 Finance Insights will transform your financial planning.
Accurately Predict Your Customer Payments
Previously, businesses were unable to predict or foresee when their customers would pay their invoices. Imagine if you could?
Businesses would be able to identify invoices likely to be paid late and take effective measures to improve the chances of getting paid on time. Dynamics 365 Finance Insights use AI-powered capabilities to identify data patterns and give your business an advantage by predicting customer payments in advance. This will improve your margins through automated collections and benefit your financial management processes.
Increase the Precision of Projected Cash Flow
Forecasting your cash flow figures can often be a tedious and stressful process. Manually analysing various spreadsheets to forecast figures may not be completely accurate or measurable.
Finance Insights creates a quicker and streamlined process for you to monitor your cash flow, predict future trends and make informed data-driven decisions. This intelligent cash flow forecasting solution will automate your financial planning, allowing you to be more time efficient and accurate.
Plan Efficient Budgets
For many businesses, traditional budgeting is still used but may not be the most efficient option. Using spreadsheets to conduct your budgets can be time consuming, lead to data entry errors and can be difficult to formulate strategic initiatives from. More often than not, businesses conducting traditional budgeting methods cannot analyse their budgets in real time, may infrequently review or fail to adapt their budgets. This means your budget is not serving its purpose.
The new AI technology powering Finance Insights will reduce your time and effort by consolidating and analysing historical data to accurate determine your budgets. It provides a quick, seamless experience for you to conduct budget proposals.
Do you manually manage your financial processes? We would love to speak to you and assist your business. If you would like to know more about how Dynamic 365 can support your financial processes, get in contact with one of our friendly team members today on 1800 560 690 or click here