Improve your financial operation with Dynamics 365 FO

In today’s market climate, success cannot occur without leveraging technology to handle your finances globally, track performances in real-time, automate and simplify functions, protect your potential business results and optimize your productivity.

How is Microsoft Dynamics 365 Finance helping in boosting financial performance?

 

With regulatory features spanning 37 countries and 42 languages, Microsoft dynamics 365 finance & operations integration enables companies to compete internationally by adapting locally to diverse workforces and evolving laws. With the individual search study, Dynamics 365 Finance is GDPR-ready, assisting organizations in responding to data topic requests.

  • Electronic reporting: Global electronic reporting includes configurable e-invoicing, making it simple to adjust to regular regulatory changes.
  • Workspaces: New features in D365 Finance and Operations offer workspaces, each with rich analytics views and processes customized to the user’s position. Workspaces provide real-time visibility into overall results, including drill-through and transaction data. Hundreds of pre-built reports provide a comprehensive view of business processes across several dimensions.
  • Legal Support: Customizable tools make it easier to produce end-of-month reports by supporting local and international rules.
  • Enhance your financial decision-making: Dynamics 365 Finance predicts the future by using historical evidence. AI-driven insights, machine learning, and predictive analytics provide strategic insights into future cash flow, allowing for better decisions, behavior, and outcomes.
  • Predictive financial insights: Predicting when customers will pay is a big challenge for businesses. Slow and infrequent payments limit cash flow and impede both long-term planning and regular results. Dynamics 365 finance forecasts when invoices will be billed by evaluating customer payment history. It also provides companies with techniques to increase the likelihood of receiving payment on time.

“Our brand has very strong growth plans, and we needed an ERP system that could flex with it.” – Director of an IT, apparel brand.

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Unify and automate your business processes

With tools including vendor invoice automation, vendor partnerships, and quote to cash, budget preparation, budget tracking, cost management, and recurring invoices, Dynamics 365 finance simplifies financial operations. The use of a common map of accounts simplifies intercompany movements and routine financial consolidations.

Organizations can easily incorporate external data and automate approvals with configurable data management software. Dynamics 365 finance integrates closely with Office 365, allowing you to work seamlessly with Outlook, Skype, and Excel.

Dynamics 365 Finance enables mobile flexibility with applications such as cost tracking, vendor invoice approvals, vendor collaboration, and more. These apps often operate in offline mode, which is useful when there is little to no internet access.

“One nice thing about Dynamics 365 is that I can take a Laptop out on the production floor or do whatever I need to do off a hotspot. That’s the positive side of the cloud. I can be anywhere and be connected.” – ERP Manager, automotive manufacturing.

Get in touch

 

Dynamics 365 enables companies to compete both globally and locally. It creates true business value by optimizing accurate and timely regulatory reporting and intelligent and predictive insights that are contextualized and supported by machine learning data, enabling efficiencies, new market opportunities, and innovation.

Accelerate into the future of global business by partnering with DFSM for its implementation. Get to know about the Microsoft dynamics 365 finance & operations prices along with the implementation procedure. Start today by getting a Microsoft dynamics 365 finance & operations trial.

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NSW Police choose Microsoft Azure as its core System

NSW Police has chosen a multi-vendor hybrid cloud for its future IT technology needs, with work on establishing a protected-level Microsoft Azure data center currently underway.

According to iTnews, Australia’s largest policing department recently chose Microsoft and Amazon Web Services to host a range of frontline IT solutions as part of the “Azure Cloud Project.”

 

Both Hyperscale providers were chosen after a year-long expression of interest for a hybrid cloud infrastructure-as-a-service platform

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Why Azure cloud?

Gordon Dunsford, the company’s chief information and technology officer, previously stated that hybrid cloud was chosen because of the “co-existence needed with legacy on-premise IT systems.”

According to NSW Police, the project would include creating “cloud foundations” that will “support a variety of applications that are either cloud-ready or soon to begin delivery.”

Microsoft Azure will be the first “cloud data center” for NSW Police, with work on a secure network already underway.

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Other plans of NSW police regarding Microsoft Azure cloud

“[NSW Police] has officially collaborated directly with Microsoft Australia to facilitate the design and development of the Microsoft Azure cloud safe data center,” according to an NSW Police spokesperson.

NSW Police has signed a $619,000 contract with Insight Enterprises to provide Microsoft azure design and professional engineering services for the next ten months.

Though the force plans to use “primarily public cloud offerings,” hybrid capabilities such as Azure Stack Hub, AWS Outpost will be used in “some circumstances.”

The integrated policing operating system (IPOS), which will replace the state’s 27-year-old core operational policing system, is one such system to be hosted on the internet (COPS).

The system, which will also serve as the NSW Police Department’s computer-aided dispatch (CAD) system, will be the force’s primary operating system, facilitating daily operations ranging from arrests to forensic examination.

Following a year-long discovery process, Mark43, a US-based public safety software provider, was chosen last month to produce the first critical components of IPOS.

The Bezos-backed company’s “one platform” records management system and computer-aided design (CAD) will be used by NSW Police for the next five years.

NSW Police has now spent just under $40 million on the COPS upgrade, including the now-defunct NewCOPS project of Accenture and the hunt for IPOS.

Of that $40 million, around $24 million was spent “determining a suitable approach and commercial partner for IPOS,” with $22.6 million in recurring funding and $1.26 million in capital funding.

In response to a recent query on notice, the force said, “Expenditure includes procurement engagements, due diligence, contract negotiation, and award procedure.”

The force will also provide every frontline officer with a ‘MobiPol’ mobile device as part of the IPOS initiative, allowing them to access the new core system when on the move.

With the money, it has also made temporary changes to COPS, such as a custody management form, a spatial centre, surveillance and search enhancements, and new custody systems.

Power Platform 2021 highlight & success stories

Microsoft’s Power Platform plan of release for Power Platform 2021 Wave 1 is here. With it come all the new updates for Power BI, Power Apps, Power Apps portals, Power Automate, Power Virtual Agents, AI Builder, governance, and administration, ISV experiences, and data integration. The Microsoft 2021 release process of updates will go from April 2021 to September 2021.

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Highlights of Microsoft power platform 2021 release wave 1 plan

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So, what is the Microsoft power platform?

Microsoft Power Platform provides governance and management, and ISV experience features through Power Apps, Power Automate, and Microsoft Dataverse. These capabilities are intended to assist managers, ISVs, and IT professionals in building, deploying, securing, managing, governing, and monitoring the platform and its components across the enterprise.

Microsoft’s Power Platform allows users and companies to evaluate, act, and automate data to transform their businesses digitally. 

Today, Microsoft Power Platform consists of four products:

Power BI:

 

Power BI continues to invest in three main areas that foster a data culture: fantastic data interactions, new business BI, and team collaboration integrations. Power BI Embedded is a new version of the product that helps customers boost their ROI, scale quickly, and achieve up to 16X faster performance. Customers would now have insight into workspace usage, allowing for more consistent utilization analysis and cost control. Power BI Premium continues to add features that help companies deliver insights at scale and meet the most challenging business requirements.

This release introduces new flexible licensing models that enable businesses to choose between per-user and per-capacity licensing. Power BI Pro provides AI-enhanced insights to make it simple for everyone to find information. The new fast build experiences make it easier than ever to create Power BI content.

Power Apps:

 

Power Apps blend the power of rich shapes, views, and dashboards modeled over data in Microsoft Dataverse with the versatility of a blank canvas that can link to any data source. Duplicate detection has been added to the Unified Interface experience and improved usability for business process flow on mobile, improved global relevance search, and in-app alerts for model-driven applications in this version.

  1. AI Builder will debut new AI features in preview, as well as enhancements to form processing. New capabilities include new area availability and signature detection in form processing, which detects whether a signature exists at a particular position in a document.

Power Apps portals improve Power BI integration by supporting Microsoft Azure Analysis Services live connections and the Customer Data Power BI feature, which sends additional context for users to personalize reports and dashboards.

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Power Automate:

 

Improvements to the cloud’s flow include an operation trigger for when an operation is performed in the Microsoft Dataverse. This function makes it easier to work with the common events model and integrates it with Dynamics 365 Finance and Operations. By providing a runtime within the target Citrix world, desktop flows boost our support for UI automation on Citrix environments. Process advisor, a Power Automate capability that reveals insights into how people function and provides rich visualizations where users can find routine, time-consuming processes that are ideally suited for automation, is new for this release. With Power Automate Desktop, users would be able to record routine, manual processes.

Power Virtual Agents:

 

Power Virtual Agents enhance the authoring experience with list variables, subject recommendations from bot sessions, adaptive cards, and other features. Power Automate integration with improved error handling and new topic trigger management are also included to boost the bot’s triggering capabilities.

Microsoft Power Virtual Agents
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Data integration:

 

With built-in access to the Microsoft Power Platform, other platforms and data from hundreds of business systems, the updated Data Integration allows for rich and intelligent experiences. This release wave includes a slew of new features, including enrichment via Azure Maps integration, gateway diagnostics, improved error management, visual data prep for Power Query Desktop, and security enhancements.

Some of the companies are already benefiting from these new capabilities. Let us walk you through some of the top examples:

  1. Rockwell Automation, a global leader in industrial automation, is leveraging Power BI and many of our AI technologies to extract valuable insights from data and act on those insights in common environments like Teams and Microsoft Excel.
  2. The Coca-Cola Company has recently begun using Power Platform as part of its digital transformation activities, creating impressive business solutions with Microsoft Power Apps, Microsoft Power Virtual Agents, and Microsoft Power Automate, including the latest Power Automate Desktop and Robotic Process Automation (RPA) capability.

Bottom Line

 

With the updates in the 2021 Power Platform Wave 1, you will face many new features that may cause challenges. For this purpose, you need experts to implement the Microsoft Power Platform within your company. You have turned to the right place as DFSM is prepared to help you personalize the integration of new features as per your business needs.

Microsoft Announcing: Cloud for Financial Services

The new model of Microsoft’s centralized branding solutions now covers financial services, manufacturing, and non-profit industries.

Recently introduced Microsoft Cloud for Retail and Microsoft Cloud for Healthcare are the latest products to grace Microsoft’s cloud industry.

 

Each cloud offerings incorporates Microsoft tools and capabilities, including a market-specific data model, industry standards support, and products using Microsoft 365, Dynamic 365, Power Platform, Azure Services, and security solutions.

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Microsoft Cloud for Financial Services

  • Microsoft Cloud for Financial Services: It promotes industry standards and multi-layered coverage for protection and enforcement. It provides retail banks with tools to strengthen customer relations and defend against fraud. In March 2021, a new lender loan manager is expected and aims to simplify and clear loan closings.
  • Microsoft Cloud for Manufacturing: In June 2021, it will publish a preview and endorse “key processes and specifications.” The offering includes automation, IoT, machine learning, and AI-related software and services from Microsoft. According to Microsoft VP Çagan Arkan, the OSC Foundation and the digital Twins Consortium also support ‘industry-specific standards and communities.’ 

Microsoft Cloud for Nonprofit: It will go into public preview in June 2021, following a slew of recent announcements such as the Dynamics 365 Fundraising and Engagement solution, a Charitable Management Toolkit, and the Dynamics 365 Nonprofit Accelerator. Another method, Volunteer Participation, and Management will be introduced to this offering in June and available in public preview.

Onboarding, servicing, and support

 

Digital networks have created anticipation of a smooth commitment to a worldwide health crisis, hoping that new goods and services can quickly adapt to new circumstances.

For instance, ABN AMRO is already beginning to improve customer experiences via digital channels. Microsoft Teams are used to improve the site and online client’s experience, enabling the clients and consulting applications in the teams setting to be accessible on a single stage for video banking, document sharing, and digital signature.

The new Microsoft Cloud for Financial Services will help you create customized user experiences, for example:

  • Customer onboarding
  • Banking customer engagement
  • Loan Manager
Microsoft Dynamics 365 On-boarding Interface
Microsoft Dynamics Professional

Enterprise operations

 

Financial services institutions must be agile, data-centric, and modernization of old systems must be competitive in today’s climatic situation. This modernization will also help drive new products and services to better support data-centred needs and the users’ experience in a very competitive market, where Nonbanks are also expanding their Fintech innovation. Microsoft Cloud for Financial Services will help you modernize older batch-based core systems so that they run flexibly and in real-time, using the data-driven formats, and embrace new models like open banking and regulatory requirements using your APIs.

Risk management

 

Since the nature of fraud and financial crime is always shifting, it’s crucial to find outliers earlier rather than later to adapt to emerging criminal topologies and protect financial institutions and their customers. Furthermore, several banks continuously update their portfolios to mitigate risk, including reducing operating risk and compliance with regulatory requirements. Financial services companies that excel at data processing would be well on their way to better risk management, which they can leverage as a competitive advantage.

In this area, you can get the abilities:

  • Financial crime protection
  • Risk analytics

How can DFSM help?

 

The prices may vary as the need of the cloud; however, you can always get consultancy and implementation advice from the DFSM. Our team is a certified Microsoft partner still there to ensure that you choose and implement the right solutions within your organization.



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