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Velosio

Is Microsoft Dynamics 365 Finance and Operations a Good Fit for Your Business?


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    If you are in the market for a new or updated ERP (Enterprise Resource Planning) solution, you know there are a lot of factors to consider. How will the new system support your current business processes and scale with your future growth? We’ve identified five important qualifiers designed to help you determine if Microsoft Dynamics 365 Finance and Operations would be the best fit for your business.

    Cloud and on-premise operations

    Dynamics 365 Finance and Operations appeals to companies that recognize the versatility and advantages of cloud computing. Whether you are already operating in the Cloud or are ready to make the move, Microsoft Dynamics 365 for Finance and Operations is a good bet because it is designed to be Cloud first but not Cloud only. With Dynamics 365 Finance and Operations, you have the choice.

    For organizations with critical business processes that must never be shut down due to connection issues, for instance, hospitals or emergency services, you should consider hybrid “Edge” modeling. That will give you the advantages of both Cloud and on-premise operations.

    Extensive business applications

    Dynamics 365 Finance and Operations is an advanced ERP with extensive capabilities, and it offers additional benefits when enabled with complementary tools such as Dynamics 365 for Talent and Dynamics 365 for Sales. If your company requires broad business applications such as financials, procurement, professional services, asset management, or warehouse management, Dynamics 365 Finance and Operations might be your best choice.

    Included in the core functionality of Dynamics 365 Finance and Operations are such processes as requisitions, workflow, budgeting, and multi-company capabilities for inter-company transactions and consolidated reporting. Many ERP solutions can only achieve these capabilities with multiple third-party ISV solutions.

    Integrated systems

    Companies today are increasingly moving toward integrated systems to provide visibility and insight into all activities within the organization. Traditionally, sharing data between Operations, Sales, Marketing, Customer Service, etc. required manual processing with Excel to combine and share data between their CRM solution and their ERP solution. Microsoft introduced the Common Data Service and continues to expand its functionality. Now data, transactions, and visibility among all aspects of your business, including product, sales, and financial life-cycles are possible. Power BI within Dynamics 365 Finance and Operations gives users dashboard-style reporting capability directly within the application.

    Companies currently utilizing other applications such as Human Resources, Sales and Customer Service, Project Management, or secondary ERP’s for satellite companies can benefit significantly from Dynamics 365 Finance and Operations.

    Scalability

    We have helped companies move right from QuickBooks to Dynamics 365 Finance and Operations. Some had just been on QuickBooks too long and realized that it could no longer keep up with their needs. Other companies were able to foresee dramatic growth coming and wanted to be ready for it. We’ve seen this with pharmaceutical companies obtaining approval for products that will expand their growth, emerging technology companies anticipating new markets, companies about to receive a large contract, and consolidation of multiple companies merging into one.

    An intelligently chosen and deployed ERP system could last more than ten years. Your business might not require all the capabilities of Microsoft Dynamics 365 Finance and Operations right now, but based on growth projections, it makes sense to adopt a scalable, top-tier product so that growth will be painless. We would be doing clients a disservice if we only installed what they need today, with no eye to the future.

    Dynamics 365 Finance and Operations user counts

    Dynamics 365 Finance and Operations requires 20 full-user licenses to be in the Cloud. The on-premise version does not have that requirement, but it does have other limitations. Be sure to determine how many employees will use Dynamics 365 Finance and Operations before proceeding in your decision-making process.

    These five qualifiers just scratch the surface of reasons why Microsoft Dynamics 365 Finance and Operations might be the right fit for your business. If you’d like to hear more, contact our experts at Velosio for a consultation.
    By Velosio, www.velosio.com

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