Microsoft Dynamics 365 Finance

The General Ledger is the core financial module, handling all accounting transactions, financial statements and reporting. Key features include Chart of Accounts, Multi-Company & Multi-Currency transactions, Financial Periods & Closing, Intercompany Accounting, Allocations & Distributions, Financial Consolidation & Eliminations, Audit & Compliance Tools and AI-Powered Insights.

The Accounts Payable module helps businesses manage vendor payments, invoices and cash flow efficiently. Key features include Vendor Management, Invoice Processing, Three-Way Matching, Payment Processing, Cash Flow Management, Automated Workflows, and integration with Procurement (via Dynamics 365 Supply Chain Management).

The Accounts Receivable module manages customer invoices, collections and revenue tracking. Features include Customer Management, Invoice Generation, Collections & Dunning Letters, Credit & Risk Management, Payment Processing, Revenue Recognition and AI-Powered Cash Flow Forecasting.

The Fixed Assets module helps businesses track and manage tangible and intangible assets throughout their lifecycle. Features include Asset Acquisition & Capitalization, Depreciation Management, Asset Tracking & Revaluation, Disposal & Retirement, Tax & Compliance Reporting and integration with Procurement & Finance modules.

The budgeting module in Dynamics 365 Finance allows businesses to create, manage and track budgets effectively. It includes different budgeting methodologies (Fixed Budgets, Rolling Forecasts, Zero-Based Budgeting and
Encumbrance Accounting) to suit various business needs with flexible configuration options. Other key features include Budget Planning & Approval Workflows, Version Control & Scenario Planning, Budget Control & Compliance plus integration with other modules for expense tracking, cost allocation and capital expenditure planning.

Dynamics 365 Finance incorporates AI and machine learning to enhance financial forecasting. Predictive financial analytics automatically adjust forecasts based on new financial data and market trends. AI also helps with Cash Flow forecasting, Revenue & Expense forecasting plus Scenario Planning & Sensitivity Analysis. With Power BI integration, users can visualize, interact and drill down on dashboards.

Flexible and agile financial reporting with Power BI and Microsoft Excel provides real-time data analytics, customizable reports and advanced financial and operational analytics. Prebuilt and customizable financial reports include Balance Sheet, Profit & Loss (P&L), Cash Flow Statements and Trial Balance.
Create reports using financial dimensions such as departments, regions, products, or projects. Automate and schedule reports to distribute to stakeholders.

Credit and collections management capabilities help businesses reduce financial risk, optimize cash flow and improve customer payment behavior. The module automates credit scoring, invoicing, dunning processes and collection tracking to ensure businesses recover outstanding payments efficiently.

Organizations can track, allocate and analyze costs at a granular level across different departments, projects, products and cost centers. Features include Cost Allocation and Distribution, Cost Structures and Cost Models, Product Costing, Overhead and Variance Management with full integration with modules such as GL.

Dynamics 365 Finance offers built-in multi-country compliance management tools and audit trails to help organizations stay compliant with tax laws, accounting standards and financial reporting regulations. Prebuilt reporting templates for IFRS, GAAP, SOX, VAT/GST tax reporting and industry-specific compliance. Supports electronic invoicing (e-invoicing) to meet government regulations in different regions.

Cash reconciliation and bank management helps businesses streamline their banking processes, manage cash flow and ensure financial accuracy through automated bank reconciliations, payment processing and account management. These cash management features provide real-time visibility into bank transactions, ensuring that companies can effectively perform liquidity management, reduce errors and maintain compliance with financial regulations.

Helps users focus on the tasks and information most relevant to their specific role within the organization. Each workspace is customizable plus there are Pre-Built Workspaces for Key Roles such as Finance Manager, Accounts Payable and Receivable, Project Manager, Credit and Collections and General Ledger.

Businesses can create, manage, and automate financial documents such as invoices, reports and tax filings, integrating with Microsoft SharePoint for secure file storage and collaboration. It supports configurable document formats and electronic document exchange (EDI) to improve efficiency, compliance and collaboration. AI-powered OCR (Optical Character Recognition) extracts data from invoices and receipts.