Microsoft Dynamics 365 Features for Finance & Operations

John Smith

  • May 20, 2019

With Microsoft Dynamics 365 Finance and Operations there is a whole new variety of latest features that were not available in previous version Dynamics AX.

Microsoft is devoted to ensuring Finance and Operations is the most vigorous, fully functional enterprise resource planning ERP system in the market and is showing that with each product update.

Below are the most useful latest features in Dynamics 365 Finance and Operations:

Mobile Project Timesheets

Timesheet functionality finally comes to mobile devices. Now, your employees can manage their project timesheets on their mobile device, no matter if they’re on a project site, at home, or on vacation. Once submitted, those timesheets can also be approved by managers on a mobile device or computer.

The time spent completing timesheets will also be reduced thanks to the ability to copy from previous time sheets, identifying favorite project codes, and copying from employee’s assigned projects. Not only does this speed up time entry, but it also reduces mistakes that could be caused when manually entering each project line and time.

Comments can also be attached to each project to communicate internally or can be automatically attached to invoices to communicate project details with the customer.

Request for Quotation RFQ

Many corporations are either required to or prefer to, issue RFQs when searching for a new vendor to provide items or services. Finance and Operations streamline the RFQ process and allow users to:

Generate and direct an RFQ to at least one or more dealers

Receive and register bids and replies

Transfer accepted bids to purchase orders, purchase agreements, or a purchase requisition

Product Catalogs

Dynamics 365 Finance and Operations gives the purchasing team the ability to import items and services available to employees directly from vendor catalogs. Employees can then request or order items and services directly from the internal procurement catalog.

Global Address Book

The Global Address Book is essentially a one-stop shop for all information on internal and external people and organizations that do business or interact with the company. Party role examples include customer, prospect, worker, user, vendor, competitor, applicant, and contact. Contacts and organizations can be associated with multiple party roles. For example, a company could be both a customer and a vendor.

The above image is a graphical representation of the ways that parties, party roles, locations, and transactions interact in relation to the global address book.

When any change is made to a party record, all associated records are automatically updated, ensuring each department across your organization has the most up-to-date, accurate information.

Trade Allowance Management

Companies can now manage sales promotion programs and offer retail pay-for-performance monetary rewards to customers that achieve volume and behavioral goals. This eliminates the need to manually track or run recurring reports to determine which clients reached the sales milestone to receive the offered promotion.

Positive Pay

Check fraud is an ongoing issue that can cause headaches for both the bank and your company. With positive pay or SafePay, you can help the bank prevent check fraud by automatically generating an electronic list of checks every time that checks are printed by your organization. That list is sent to the bank and the bank compares the checks received with your list of checks previously submitted. If the check received is on the list, the bank clears it. If not, the bank holds it for review.

If you are interested in learning more about these features or are wondering what other new features you can expect in Microsoft Dynamics 365 Finance and Operations, just stay connected to our blogs or you can also contact us directly if you have any questions.








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