Microsoft Dynamics 365 is home to an entire ecosystem that’s been built to streamline business processes. The ecosystem has powerful tools and power apps for Sales, Customer Insights, Human Resources, and more.
The element that we want to explore in this article is Microsoft Dynamics 365 Business Central. Business Central is a powerful tool for finance and operations and is only one of the significant elements of Microsoft Dynamics 365. From Copilot to team integrations, Business Central can help your business grow.
Business Central: streamlining business management
Financial processes are a big part of running a business; as you know, they can be time-consuming and complex. That is where Business Central can help you in various aspects of your business, such as:
Financial management: Business Central can help you with accounts receivables, bank account management, the general ledger process, budgets, cash flow forecasting, fixed assets, month/year-end closing, multiple currencies, direct debits, and more.
Sales and services management: Save time by automating tasks such quote generation, contact management, sales invoicing, and payment processing.
Manufacturing: Manufacturing, capacity and supply planning, production orders, machine centres, production bills of materials, sales, and inventory forecasting.
Operations management: Business Central features include warehouse management, item and movements tracking, planning, forecasting and optimisation, reporting and analytics.
Supply chain management: Control your supply chain management by utilising inventory and purchasing control, sales shipments, returns and cancellations, procurement, and vendor management.
Project management: Business Central also takes care of your employees and projects with role management, timesheets, capacity management, budgeting, and estimations.
Improve your business financial processes with key Business Central features
Dealing with your businesses finances is important, and even more so essential that the numbers and data you’re using is correct . Business Central has various elements that can help with your financial processes. Here is three elements you may find useful regarding financial processes:
Copilot: Microsoft AI-powered tool Copilot automates processes like bank reconciliations, budgeting, and reporting.
Teams’ integrations: Share data from Business Central with other users who may not have a licence.
Integrations with Excel: Across platform excel editing allows users to export and import data from Business Central, such as journals and budgets.
We explore further the Copilot and Teams’ integration features below.
Copilot: AI powering billing software
One of Business Central’s suave features is Copilot. With Copilot, you can take control of your finances without spending hours scrolling through ledgers. Copilot automates and simplifies finance tasks within Microsoft Business Central, such as bank reconciliation, budgeting, and reporting.
Copilot matches transactions from bank statements to ledger entries, making the reconciliation process more efficient and accurate. It takes the bank statement lines, looks at the ledger entries in Business Central, and uses AI to match transactions that equal the amounts. It suggests the transactions on the bank statement that equate to the transaction in Business Central.
Teams’ integration: share date from Business Central with other users
With a Business Central licence, you can seamlessly move around other Microsoft applications like Teams. Team’ integration allows users to share data from Business Central with other users without a license and access information from within Teams.
Teams is only one of the various integrations you can benefit from with Business Central.
Why Business Central?
There are various finance and Enterprise Resource Planning solutions on market. However, Business Central is one of the solutions that stand out because it offers core functionality on top of robust integration with stack products like Power Platform, Copilot, and Power BI. Microsoft offers a cloud-based solution that scales with you, so as your business grows you don’t have to worry about switching up systems.
Businesses choose Business Central because it offers deep capabilities across business functions and has a wealth of third-party solutions such as Continia Document Capture and Jet reports. You can continue with business as usual knowing your business is using software that’s secure, user-friendly and is updated regularly.
Explore Business Central implementation with the UK’s leading Microsoft Solutions Partner
Being a Microsoft Solutions Partner, means we’re able to connect businesses like yours with robust capabilities. We can bring your systems into the modern world with intelligent and modern business solutions such as Microsoft Dynamics 365 Business Central.
If you’re eager to streamline your processes, get in touch with a dedicated member of our team to start your journey.
