TrustRadius: an HG Insights company

Microsoft Dynamics 365 Finance vs. Microsoft Office 2016 (discontinued)

Save this comparison

Save this comparison

Add Product

Recommended Comparisons

    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Microsoft Dynamics 365 Finance

    Score6.6 out of 10
    N/AMicrosoft Dynamics 365 Finance is used to automate and modernize global financial operations. The application can monitor performance in real time, predict future outcomes, and support data-driven decisions to drive business growth.

    $2,520

    per year per user

    Microsoft Office 2016 (discontinued)

    Score8.7 out of 10
    N/AMicrosoft Office 2016 is the familiar suite of Office products including applications such as Word, Excel, and PowerPoint for use on a single PC or Mac. The 2016 is no longer available for sale from Microsoft, and support is at an end since 2020.N/A
    Pricing
    Microsoft Dynamics 365 FinanceMicrosoft Office 2016 (discontinued)
    Editions & Modules
    Dynamics 365 Finance
    $2520
    per year per user
    Dynamics 365 Finance Premium
    $3600
    per year per user
    No answers on this topic
    Offerings
    Pricing Offerings
    Microsoft Dynamics 365 FinanceMicrosoft Office 2016 (discontinued)
    Free Trial
    YesNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details——
    More Pricing Information
    Community Pulse
    Microsoft Dynamics 365 FinanceMicrosoft Office 2016 (discontinued)
    Considered Both Products
    Microsoft
    No answer on this topic
    Discontinued Products
    No answer on this topic
    Key User Insights
    Would buy again
    No answers on this topic
    93%
    Would buy again
    50 Answers
    Delivers good value for the price
    No answers on this topic
    94%
    Delivers good value for the price
    47 Answers
    Happy with the feature set
    No answers on this topic
    96%
    Happy with the feature set
    52 Answers
    Lived up to sales and marketing promises
    No answers on this topic
    98%
    Lived up to sales and marketing promises
    40 Answers
    Implementation went as expected
    No answers on this topic
    98%
    Implementation went as expected
    41 Answers
    Features
    Microsoft Dynamics 365 FinanceMicrosoft Office 2016 (discontinued)
    Payroll Management
    Comparison of Payroll Management features of Microsoft Dynamics 365 Finance and Microsoft Office 2016 (discontinued)
    Feature
    Microsoft Dynamics 365 Finance
    5.0
    1 Ratings
    41% below category average
    Microsoft Office 2016 (discontinued)
    -
    Ratings
    Pay calculation5.01 Ratings00 Ratings
    Reimbursement management5.01 Ratings00 Ratings
    Customization
    Comparison of Customization features of Microsoft Dynamics 365 Finance and Microsoft Office 2016 (discontinued)
    Feature
    Microsoft Dynamics 365 Finance
    6.8
    2 Ratings
    11% below category average
    Microsoft Office 2016 (discontinued)
    -
    Ratings
    API for custom integration5.62 Ratings00 Ratings
    Plug-ins8.01 Ratings00 Ratings
    Security
    Comparison of Security features of Microsoft Dynamics 365 Finance and Microsoft Office 2016 (discontinued)
    Feature
    Microsoft Dynamics 365 Finance
    8.3
    2 Ratings
    1% above category average
    Microsoft Office 2016 (discontinued)
    -
    Ratings
    Single sign-on capability9.02 Ratings00 Ratings
    Role-based user permissions7.52 Ratings00 Ratings
    Reporting & Analytics
    Comparison of Reporting & Analytics features of Microsoft Dynamics 365 Finance and Microsoft Office 2016 (discontinued)
    Feature
    Microsoft Dynamics 365 Finance
    6.7
    2 Ratings
    15% below category average
    Microsoft Office 2016 (discontinued)
    -
    Ratings
    Dashboards6.52 Ratings00 Ratings
    Standard reports7.02 Ratings00 Ratings
    Custom reports6.52 Ratings00 Ratings
    General Ledger and Configurable Accounting
    Comparison of General Ledger and Configurable Accounting features of Microsoft Dynamics 365 Finance and Microsoft Office 2016 (discontinued)
    Feature
    Microsoft Dynamics 365 Finance
    8.1
    2 Ratings
    6% above category average
    Microsoft Office 2016 (discontinued)
    -
    Ratings
    Accounts payable7.52 Ratings00 Ratings
    Accounts receivable8.02 Ratings00 Ratings
    Cash management8.02 Ratings00 Ratings
    Bank reconciliation8.02 Ratings00 Ratings
    Expense management8.02 Ratings00 Ratings
    Time tracking7.01 Ratings00 Ratings
    Fixed asset management6.52 Ratings00 Ratings
    Multi-currency support9.02 Ratings00 Ratings
    Multi-division support9.52 Ratings00 Ratings
    Regulations compliance8.02 Ratings00 Ratings
    Electronic tax filing8.02 Ratings00 Ratings
    Self-service portal9.52 Ratings00 Ratings
    Global Financial Support9.52 Ratings00 Ratings
    Primary and Secondary Ledgers9.52 Ratings00 Ratings
    Intercompany Accounting9.52 Ratings00 Ratings
    Localizations7.52 Ratings00 Ratings
    Journals and Reconciliations8.52 Ratings00 Ratings
    Enterprise Accounting9.52 Ratings00 Ratings
    Configurable Accounting5.62 Ratings00 Ratings
    Centralized Rules Framework6.52 Ratings00 Ratings
    Standardized Processes7.02 Ratings00 Ratings
    Inventory Management
    Comparison of Inventory Management features of Microsoft Dynamics 365 Finance and Microsoft Office 2016 (discontinued)
    Feature
    Microsoft Dynamics 365 Finance
    5.0
    1 Ratings
    37% below category average
    Microsoft Office 2016 (discontinued)
    -
    Ratings
    Inventory tracking5.01 Ratings00 Ratings
    Location management5.01 Ratings00 Ratings
    Manufacturing module5.01 Ratings00 Ratings
    Order Management
    Comparison of Order Management features of Microsoft Dynamics 365 Finance and Microsoft Office 2016 (discontinued)
    Feature
    Microsoft Dynamics 365 Finance
    5.0
    1 Ratings
    39% below category average
    Microsoft Office 2016 (discontinued)
    -
    Ratings
    Pricing5.01 Ratings00 Ratings
    Order entry5.01 Ratings00 Ratings
    Cost of goods sold5.01 Ratings00 Ratings
    End-to-end order visibility5.01 Ratings00 Ratings
    Best Alternatives
    Microsoft Dynamics 365 FinanceMicrosoft Office 2016 (discontinued)
    Small Businesses
    QuickBooks Self-Employed (discontinued)
    Score4.2 out of 10
    Google Workspace
    Score9.1 out of 10
    Medium-sized Companies
    MYOB
    Score8.3 out of 10
    Google Workspace
    Score9.1 out of 10
    Enterprises
    Microsoft Dynamics GP
    Score5.4 out of 10
    Microsoft 365 Business Premium
    Score9 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    Microsoft Dynamics 365 FinanceMicrosoft Office 2016 (discontinued)
    Likelihood to Recommend
    6.0
    (3 ratings)
    7.5
    (64 ratings)
    Likelihood to Renew
    -
    (0 ratings)
    5.0
    (3 ratings)
    Usability
    6.5
    (3 ratings)
    7.0
    (3 ratings)
    Support Rating
    8.0
    (1 ratings)
    8.0
    (45 ratings)
    User Testimonials
    Microsoft Dynamics 365 FinanceMicrosoft Office 2016 (discontinued)
    Likelihood to Recommend
    Microsoft
    Its well suited for medium and large organizations that needs strong financial control , automated workflows , inter-company accounting and real-time reporting . It works wonderfully with all the Microsoft products . However , it may be less useful for small businesses as it requires a good investment in implementation , customization , licensing and user training
    Incentivized
    Read full review
    Discontinued Products
    I'd recommend [Microsoft] Office2016 for any business that has more than a couple of users, as the software is very scalable from just a small business to a large enterprise corporation. I don't know of any case where it might not be appropriate, as even home users and students use the software suite as well.
    Incentivized
    Read full review
    Pros
    Microsoft
    • Financial reporting
    • Multi-company consolidation
    • Hub and spoke setup
    • Web-based access
    Incentivized
    Read full review
    Discontinued Products
    • Data manipulation. Excel takes the raw data we receive and allows us to digest it in ways that are useful to our business processes.
    • Communication. Outlook serves as our primary means of communication and setting up appointments.
    • Documentation. Word is the default standard when it comes to using a word processor and we are no different in this regard. Nearly every user has to use the application on a regular basis in order to accomplish their work.
    Incentivized
    Read full review
    Cons
    Microsoft
    • More clarity on features going away
    • New feature showcases
    • Demonstrations for how things were intended to be used
    Incentivized
    Read full review
    Discontinued Products
    • Office 2016 professional edition can be priced for a single user license, it would be nice to see a drop in the pricing.
    • Office 2016 home edition is a better price but does not include outlook 2016, so it is not a good fit for the workplace environments.
    • Office 2016 can run slowly on older systems, so you need to make sure you have a machine that is 4 years old or less for it to run smoothly.
    Incentivized
    Read full review
    Likelihood to Renew
    Microsoft
    No answers on this topic
    Discontinued Products
    We believe that office 2016 offers the best value when it comes to features included out of the box. The software is used in its entirety by our organization and is easily supported by our staff of IT technicians. Users find this software to be easy to learn and easy to use with minimal learning curve.
    Incentivized
    Read full review
    Usability
    Microsoft
    As the UI is modern and user friendly which makes it easy to navigate . The dashboard , workspace and personalized view helps to access the right set of information with ease
    Incentivized
    Read full review
    Discontinued Products
    It's fairly easy to use, but the automatic formatting or capturing of formatting when pasting is wonky - especially when there are outlines or other bullets/numbered lists. Fixing and sizing up tables can be annoying, and there are sometimes formatting issues that we just absolutely cannot fix for some reason
    Incentivized
    Read full review
    Support Rating
    Microsoft
    They are good, but there is always room to be better.
    Incentivized
    Read full review
    Discontinued Products
    I am an MS feedback hub participant and they certainly don't pay enough attention to several bugs several people raise it in the portal. For the enterprise, it seems to me based on my prior experience that yes, they have a dedicated team to support operations. For mid to small companies or single users, it has been a struggle. So, you are pretty much with MS Blogs and others.
    Incentivized
    Read full review
    Alternatives Considered
    Microsoft
    Microsoft Dynamics 365 Finance is more robust, and can handle larger, more complex business operations, and have better delineation between corporate management and divisions in a company, but it is not flexible, nor easy to change. It is complex, inflexible, and difficult to incorporate new workflows or business rules to accommodate changes in the business. We have changed over the past decade and while F&O is big and robust, it is not nimble.
    Incentivized
    Read full review
    Discontinued Products
    We use Microsoft Office 2016 because at the time it was the best tool for us, but now with full attention to cloud products, we may be thinking of migrating our solution to a cloud service.
    Incentivized
    Read full review
    Return on Investment
    Microsoft
    • Because F&O is not very nimble, we are looking to reimplement
    • The lack of interoperability has hindered our ability to use external tools to supplement shortcomings of the product
    • The inflexibility has lead to great frustration from team leads
    Incentivized
    Read full review
    Discontinued Products
    • Microsoft Office 2016 saves me a lot of time daily. I have functions and macros set up that calculate and show me a lot of things just from a couple of my inputs. This would take full days sometimes if not for that.
    • Apart from time, it saves me money, I manage data in Excel, I don't have to buy software specifically for that.
    • Sooner or later my company will have to switch to new edition, which will hurt revenues because of a subscription model.
    Incentivized
    Read full review
    ScreenShots