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Microsoft Dynamics 365 Finance

Score7.2 out of 10

24 Reviews and Ratings

What is Microsoft Dynamics 365 Finance?

Microsoft 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.

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Top Performing Features

  • Multi-division support

    The software is flexible and supports bookkeeping practices along multiple dimensions such as locations, branches or products.

    Category average: 8.1

  • Self-service portal

    The software provides online portals for certain stakeholders to find information relevant to them, such as employees, vendors and customers.

    Category average: 7.4

  • Global Financial Support

    Account using multiple ledgers, multiple currencies, and multiple entities

    Category average: 7.6

Areas for Improvement

  • Order entry

    Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.

    Category average: 8

  • Cost of goods sold

    The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.

    Category average: 8

  • End-to-end order visibility

    Get updates on orders, inventory, shipments, planned supply, and invoices, and improve the quality of decisions through in-context analytics

    Category average: 7.9

Who Buys & Uses Microsoft Dynamics 365 Finance

A Powerful and Scalable Solution for Financial Management

Use Cases and Deployment Scope

D365 Finance helps to manage budgeting , accounting , payment , expenses and financial reporting across the organization. It helps to reduce the manual mundane work which helps to improve the efficiency of the work as well it provides real-time visibility into financial performance . The use cases covers daily finance operations , compliance , forecasting and informed -decision making across multiple department and business unit .

Pros

  • Automates accounts payable and receivable processes
  • Generate accurate and customized financial reports

Cons

  • The initial setup and configuration can be complex and often required experienced consultants.
  • System performance can slow down when processing large volumes of transactions.

Return on Investment

  • Reduces manual finance work to a huge extend as we can automate via workflows and batch job processing

Usability

Alternatives Considered

SAP HANA Cloud

Other Software Used

Microsoft Excel, Microsoft Power BI, Microsoft Power BI Embedded

Microsoft Dynamics 365 Finance - great if you are complex but not if agile

Use Cases and Deployment Scope

Our company uses Microsoft Dynamics 365 Finance (F&O) for project management, time entry, and billing for all the consultants in our Microsoft Dynamics implementation business. Our company spans three countries, US, Canada, and Ukraine. The data entry is entirely in F&O, and there has been significant work to form a synchronization between F&O and DevOps where our development and documentation reside for projects. This process was long and arduous, with many hurdles and it took about two years to complete.

Pros

  • Financial reporting
  • Multi-company consolidation
  • Hub and spoke setup
  • Web-based access

Cons

  • Flexibility in configuration
  • Project management tracking
  • Interoperability with external systems
  • Ease of customization

Return on Investment

  • 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

Usability

Alternatives Considered

Microsoft Dynamics 365 Business Central

Other Software Used

Microsoft 365, Microsoft Dynamics 365 Business Central, Azure DevOps Server

Microsoft Dynamics 365 Finance is worth the time and money.

Use Cases and Deployment Scope

I am a technical consultant for clients with Microsoft Dynamics 365 Finance, and I help maintain environments and deploy code or refresh DBs, etc. MS has done a great job making the service updates easy to apply, and the reliability is outstanding. It's just such a huge product that's both extremely well thought out and intricate.

Pros

  • Full range of customization options
  • Documentation
  • Cross platform analytics with use of

Cons

  • More clarity on features going away
  • New feature showcases
  • Demonstrations for how things were intended to be used

Other Software Used

Tableau CRM, Trimble Fleet Mobility, Microsoft Power BI, Microsoft Visual Studio Code, Microsoft SQL Server, Microsoft Excel, Microsoft Access, SAP Crystal, IBM Db2 Big SQL, TruckMate, Microsoft Power Automate

Usability