Microsoft Dynamics 365 for Operations or Dynamics AX 7 is now referred to as Dynamics 365 for Finance and Operations, Enterprise edition. The idea is to bring multiple business operations under one umbrella and keep up-to-date with latest cloud technology trends. Dynamics 365 for Finance and Operations brings together a set of ERP, business intelligence, infrastructure, and database services in a single offering.
It is built on Microsoft Azure and provides businesses with functionalities that support their unique and ever-changing requirements.
The strategy for releasing Dynamics 365 product series is to make business solutions mobile first and cloud first. The standalone applications like Dynamics 365 for Talent, Dynamics 365 for Sales, and Dynamics 365 for Retail in addition to various enhancements make the new Dynamics 365 for Finance and Operations appealing.
Businesses are going mobile as mobile devices are taking place of traditional office tools. Employees are using them to access and feed data from anywhere, check insights, offer sales quotes, and much more. Dynamics 365 for Finance and Operations includes various enhancements that improve cloud access and mobility. This, in turn, enables you to expand your business globally by migrating from private to public cloud whenever needed.
A workspace is a one-stop shop for a certain activity. Workspaces provide a 360-degree view of an activity so you don’t have to navigate to multiple lists. They can help answer specific questions such as are there any urgent cases that I need to attend to now? Are there any cases that are easy to solve, or are there any trouble cases? Workspaces provide insights so you could compare multiple sources of data, navigate by data and select what you want to act on. These also give you direct access to tasks for enhanced collaboration.
Workflows are available throughout many different areas of the system. They help you manage your business process to route documents for review and approval. In Dynamics 365 for Finance and Operations, the term workflow is defined in two ways – as a system and as a business process. Workflow as a system provides functionality that you can use to create individual workflows or to automate business processes. While workflow as a business process defines how a document flows through the system by displaying who must process and approve it.
Dynamics 365 for Finance and Operations uses in-memory BI. Thus, it gives you real-time operational insights for quick decision making. The real-time and reliable insights through Power BI enables you to find, sort, visualize, and use information easily. In addition, it helps you plan and anticipate customer needs using Azure machine learning capabilities.
The latest update in Dynamics 365 for Finance and Operations marks the availability of many other features. From embedded analytics, workspaces, new retail and HR experiences to improvised and simplified experience, Dynamics 365 brings together your data across your enterprise. Make improved and faster decisions to expand your bottom line with Dynamics 365.
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