Smart Finance & Accounting, Digitally Driven
Leveraging AI and automation to optimize your financial & accounting processes.
Automated financial & accounting processes
Why?
AI can automate routine financial tasks such as invoicing, payroll, and expense management. This reduces the risk of human error, saves time, and allows financial teams to focus on more strategic activities.
Example
A retail company uses D365 BC to automate its invoicing process. When a sale is made, the system automatically generates and sends an invoice to the customer, updates the inventory, and records the transaction in the financial ledger. This reduces manual work and minimizes errors.
Advanced Data Analytics
Why?
Digital transformation enables the integration of advanced data analytics tools. These tools can analyze large volumes of financial data to provide insights into spending patterns, revenue trends, and financial performance. This helps in making informed decisions and optimizing financial strategies.
Example
A manufacturing firm uses D365 BC’s analytics tools to monitor production costs and profitability. The system provides real-time dashboards showing cost trends, allowing the finance team to identify areas where costs can be reduced and profitability improved.
Predictive Analytics
Why?
AI can predict future financial trends based on historical data. This includes forecasting revenue, identifying potential financial risks, and suggesting mitigation strategies. Predictive analytics helps businesses prepare for future challenges and opportunities.
Example
A logistics company leverages AI in D365 BC to forecast cash flow based on historical data and current market trends. This helps the company anticipate periods of cash surplus or shortage and plan, accordingly, ensuring smooth operations.
Enhanced Risk Management
Why?
AI models can analyze vast amounts of data to identify potential financial risks, such as market volatility or credit risks. By providing early warnings, AI helps businesses take proactive measures to mitigate these risks.
Example
A financial services firm uses D365 BC to analyze credit risk by evaluating customer payment histories and market conditions. The system flags high-risk accounts, enabling the firm to take proactive measures to mitigate potential losses.
Improved Cash Flow Management
Why?
Digital tools can optimize cash flow management by automating receivables and payables processes. This ensures timely payments and collections, maintaining a healthy cash flow.
Example
A construction company uses D365 BC to automate its accounts receivable and payable processes. The system sends automated reminders for overdue payments and schedules payments to suppliers, ensuring a steady cash flow.
Collaboration and Communication
Why?
AI can predict future financial trends based on historical data. This includes forecasting revenue, identifying potential financial risks, and suggesting mitigation strategies. Predictive analytics helps businesses prepare for future challenges and opportunities.
Example
A global consulting firm uses Microsoft Teams to facilitate communication between its finance teams across different regions. Teams allow for real-time collaboration on financial reports and strategy meetings, improving efficiency and decision-making.
Security and Compliance
Why?
M365 provides robust security features and compliance tools that help protect sensitive financial data and ensure regulatory compliance.
Example
A healthcare organization uses M365’s security features to protect sensitive financial data. The system ensures that all financial transactions comply with industry regulations, and data is encrypted and securely stored.
Data Integration
Why?
M365 integrates with D365 BC and other financial systems, providing a unified platform for managing financial data and processes.
Example
An e-commerce business integrates D365 BC with M365 to unify its financial data. This integration allows the finance team to access and analyze data from various sources, such as sales, inventory, and customer service, in one place.
Operational Resilience
Why?
M365 helps strengthen operational resilience by providing tools for business continuity planning and risk management.
Example
A tech startup uses M365’s business continuity planning tools to prepare for potential disruptions. The system helps the company develop and test contingency plans, ensuring that critical financial operations can continue during emergencies.
Unified Platform
Why?
Integration between D365 BC and M365 ensures seamless data flow and unified financial management processes.
Example
A multinational corporation integrates D365 BC with M365 to create a unified financial management platform. This integration allows seamless data flow between departments, improving overall financial visibility and control.
Enhanced Decision-Making
Why?
The combination of advanced analytics from D365 BC and collaboration tools from M365 enhances decision-making capabilities.
Example
A real estate company uses the combined capabilities of D365 BC and M365 to analyze market trends and make informed investment decisions. The integrated system provides comprehensive insights, helping the company identify profitable opportunities.
Scalability and Flexibility
Why?
Both platforms are scalable and flexible, allowing businesses to adapt to changing financial needs and market conditions.
Example
A growing retail chain uses D365 BC and M365 to scale its financial operations as it expands. The flexible systems adapt to the increasing volume of transactions and complexity, supporting the company’s growth.
Digital transformation and AI can significantly enhance financial strategies and management, especially when leveraging Microsoft Dynamics 365 Business Central (D365 BC) and Microsoft 365 (M365).
