Microsoft Dynamics for the Financial Professionals
JourneyTEAM understands that financial management is central to any company’s
business success. The finance department develops and implements the financial
plans that help the company realize its objectives. By constantly monitoring the
company’s financial vital signs, the finance department tracks how the business
performs against financial goals and keeps other business units up-to-date.
The accuracy, timeliness, and security of business information are of the
greatest importance to the finance department. To deal with these challenges,
financial managers rely on financial management software to help eliminate human
error, speed up business processes with automation, support regulatory
compliance, and improve analysis and financial forecasting.
The Chief Financial Officer (CFO)
As the one responsible for a company’s financial plans, CFOs need to know at any
time where the company is and where they are going. The Chief Executive Officer
(CEO) and business unit heads depend on the CFO to be aware of all financial
events and conditions that might affect business. In turn, the controller,
accounting manager, and operations manager report to the CFO with the
information needed to derive business insight.
The most important capabilities of Microsoft Dynamics business management
solution for CFOs are tools that simplify data analysis and reporting, such as
Web-based dashboards that present key performance indicators. With timely and
accurate data, less time is spent on information gathering and more time is
available to help the company grow into new opportunities. It’s also up the CFO
to ensure that their company complies with regulatory reporting and data
security regulations. Microsoft Dynamics helps implement and document consistent
compliance processes, which can reduce the cost of compliance while simplifying
The controller oversees the financial processes of a company. The CEO and CFO
rely on an efficient controller to understand the financial details of the
company and to research the effect specific business decisions will have on the
company’s bottom line. The controller has to understand the company’s strengths
and weaknesses from a financial standpoint.
Microsoft Dynamics allows the controller to quickly access up-to-date and
accurate information in the system, generate reports as needed, and train staff
on a solution that is familiar and works like other Microsoft software. The
Controller plays a key role in selecting business technology and appreciates
that Microsoft Dynamics business management solutions offer well-designed and
flexible financial management capabilities.
Microsoft Dynamics allows you to take control of your company’s finances and
manage in ways that lead to the best business results. Most finance managers,
whether you are a Chief Financial Officer (CFO), Controller, Accountant, or
Bookkeeper, have to manage budget processes, make sure of regulatory compliance,
and create, access, and distribute financial reports.
Manage an efficient budget process. Agile budgeting and planning tools
are needed to keep up with changing business conditions. Microsoft Dynamics
offers integrated business management solutions that feed the most current
data into the budgeting process, leading to more accurate assumptions about
market conditions. In addition, financial managers can use Microsoft
Dynamics to explore “what-if” scenarios that help them make wise budgeting
decisions. Additionally, Microsoft Forecaster, a Web-based budgeting and
planning solution, integrates directly with Microsoft Dynamics general
ledger capabilities, to further simplify and accelerate the budgeting and
Ensure compliance with regulations. Regulatory compliance is a
significant concern for almost all companies, especially publicly traded
companies and those who do business with them. Microsoft Dynamics is an
integrated business management solution that provides a solid foundation for
reporting and process automation, both of which are key to managing
compliance. Utilize Microsoft Dynamics to help reduce errors and establish
easy-to-follow audit trails.
Access financial reports. CFOs and other executives rely on accurate
and timely data in order to make well-informed business decisions. Microsoft
Dynamics business management solutions gather information from throughout
the organization, store it in a single repository, and deliver it in a
variety of customized reports. Microsoft Dynamics provides business
intelligence, reporting, and analytics functions, and it integrates smoothly
with other Microsoft business intelligence platform applications. This
integration improves the reporting process, which in turn improves financial
management, such as Microsoft FRx financial reporting and analysis software.
For more information on Microsoft Dynamics solutions for financial professionals
please contact JourneyTEAM.