Microsoft Dynamics 365 for Finance and Operations is the foremost ERP app and is heavily based on Dynamics AX, and features everything an organization needs to manage, plan, and analyze its financial and operational processes. It unifies financial management and operational processes, making it especially useful for businesses in the retail, fleet management, and professional services industries.
It boasts wide production capabilities, so is also a good option for discrete, lean, and process manufacturing businesses, regardless of size. It also features more-robust capabilities for public sector companies.
It features more-extensive financial management capabilities than the Business Central, and is great to run economic analysis, as opposed to general business accounting.
The most extensive and robust ERP app in the suite, Finance and Operations covers massive areas of business processes and operations.
Finance and Operations is heavily packed with in-depth financial management tools — including accounts payable, accounts receivable, budgeting, cash and bank management, asset management, and general ledger — to help end- users control every aspect of their processes, as well as intelligent analysis and reporting features to gather actionable insights.
There are also tools to ensure regulatory compliance and public sector requirements across 34 countries currently.
Finance and Operations helps oversee, analyze, and optimize supply chain and warehousing operations, with capabilities including cost management, inventory management, procurement and sourcing, product information management, and transportation and warehouse management. The app also helps streamline and automate processes throughout the supply chain, from picking to delivery.
By utilizing SQL Server’s forecasting algorithms, the app’s demand forecasting features also help improve product availability, minimize inventory costs, and reduce procurement costs by automating procure-to-pay processes.
A platform is provided, through which operations throughout the production lifecycle, Finance and Operations can be monitored.
Finance and Operations also offers tools to manage your human capital, including creating and managing benefits, deductions, and compensation plans, overseeing employee development and training, delivering employee questionnaires, dealing with payroll, and recruiting new hires.