Because Financials is seamlessly integrated with Dynamics 365 for Sales, it shares contact data between CRM and accounting and eliminates duplicate data entry. It also links quotes and orders to the client account and provides a full and unified view of customer activity that can be shared across the organization.
Secure audit controls remain in place for purchasing and invoice processing, yet account reps have clarity and visibility into order and shipping status and order history. This reduces the communication clutter many organizations struggle with, and helps stakeholders stay on top of the customer relationship.
Watch this video for an overview of benefits in Microsoft Dynamics 365 Business Edition for Financials.
The Evolution of Financials
As Microsoft continues to roll out its Dynamics 365 Business and Enterprise solutions, current CRM and financials users will benefit from understanding how new Dynamics applications replace or integrate with familiar applications.
The Financials module in Dynamics 365 Business Edition is essentially a “lite version” of Dynamics NAV. It shares many of the same capabilities as Dynamics NAV including financial management, reporting, fixed assets, supply chain and inventory management, contact and opportunity management, and project management. It also offers multi-company and multi-currency capabilities.
The biggest difference is that these capabilities are more customer-ready and are available out-of-the-box, so they may surface differently in Financials than in Dynamics NAV.
Microsoft currently has no plans to add advanced manufacturing or payroll capabilities to the Business Edition of Dynamics 365 for Financials. To maintain or achieve these capabilities, users can integrate the full version of Dynamics NAV with Dynamics 365, Business Edition.
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