Dynamics 365 F&O Implementation for Finance

D365 F&O via Sprint365 offers several advanced finance features, including but not limited to:

• Global Financial Management and Compliance: supports multi-currency, multi-entity, and multi-language operations, making it ideal for international companies. It includes built-in regulatory compliance features to meet local tax and financial reporting requirements.
• Financial Reporting and Analysis: Integrated tools like Financial Reporter and embedded Power BI enables customizable financial statements, real-time data analysis, and drill-down capabilities. These tools help finance teams create accurate, insightful reports that drive better business decisions.
• Cash and Bank Management Automation: An improved Treasury and Automation Suite which enhances and automate the treasury and banking processes via solutions tailored to optimize cash management, bank communication, payments, and reconciliation processes.
• Accounts Payables Automation via ExFlow: Fully integrated and automated AP and procure to pay process from invoice capture and validation to approval and payment, reducing manual efforts and minimizing errors.
• Fixed Assets Management: streamlines asset management by automating depreciation, acquisitions, and disposals, enhancing accuracy and compliance. It also integrates seamlessly with other financial modules such as asset management or project management, improving overall asset tracking and financial reporting.
• Expense Management and Automation: Automated expense management capabilities, including expense report creation, approval workflows, and integration with credit card feeds. It also supports mobile expense submission and receipt capture.

The Financial Close workspace provides a centralized place to manage, monitor, and complete the financial closing process. It allows users to create tasks, assign responsibilities, and track the status of each task in real-time.

• Task Automation and Templates: You can create task templates for recurring processes, which can be reused across periods, ensuring consistency and reducing setup time. Automated task assignments and reminders help keep the closing process on track.
• Task Assignment and Tracking: The workspace enables the assignment of specific tasks to individual team members or groups, with clear deadlines and responsibilities. This enhances accountability and ensures that everyone involved in the closing process knows their roles and deadlines.
• Progress Tracking: Real-time tracking and dashboards provide visibility into the progress of the close process, highlighting tasks that are pending, overdue, or completed.

Yes, D365 F&O has a dedicated Asset Management module that tracks asset acquisition, depreciation, maintenance, and disposal. It provides tools for lifecycle management, compliance with financial regulations, and integration with other finance processes, enhancing overall asset control.

• Comprehensive Tracking: End-to-end tracking of assets from acquisition through disposal. This includes asset creation, categorization, depreciation, and eventual disposal or sale. This comprehensive tracking helps ensure that all asset-related activities are managed effectively and accurately.
• Automated Depreciation: Depreciation calculations are based on predefined methods (e.g., straight-line, declining balance) and schedules. This reduces manual errors and ensures that depreciation is consistently applied, streamlining financial reporting and compliance with accounting standards.
• Detailed Reporting: A variety of built-in reports and dashboards for fixed assets are out-of-the box available, including asset acquisition, depreciation, and disposal reports.
• Integration with Financials: The Fixed Assets module integrates seamlessly with other financial modules in D365 F&O, such as General Ledger and Accounts Payable.

The Expense Management module in Dynamics 365 FO (D365 F&O) offers several advantages for managing employee expenses and streamlining expense-related processes.

• User-Friendly Interface: Expenses are reported by employess based on categories and project making it easier for them to capture and submit their expenses accurately. Mobile access allows users to submit and approve expenses on the go, which speeds up the process.
• Automated Approval Workflows: Automated workflows for expense approvals, ensuring that reports are routed through the appropriate approval channels without manual intervention, and ensures that all expenses are reviewed according to company policies.
• Expense Policies and Limits: Define and enforce expense policies and limits, such as per diem rates, spending caps, and approval hierarchies. Automated policy checks ensure that expense claims adhere to company guidelines before they are approved, reducing the risk of policy violations and unauthorized spending.
• Seamless Integration: The Expense Management module integrates with other financial modules in D365 F&O, such as General Ledger and Accounts Payable. This integration ensures that expense data is accurately reflected in financial records and reduces the need for manual data entry, which minimizes errors and improves financial accuracy.

With Sprint365 as implementation partner, the SK Bank Automation Suite is part of the standard solution. The Bank Automation Suite provides advanced capabilities for automating and streamlining banking processes:

• Automated Bank Reconciliation: Integrates directly with D365 F&O to automate the bank reconciliation process. This includes the automatic matching of bank statements with internal financial records, reducing the need for manual reconciliation and minimizing errors.
• Streamlined Payment Processing: Automation of payment processing, including generating and sending electronic payments (e.g., ACH, wire transfers, SEPA, local) directly from D365 F&O. This reduces the manual effort involved in processing payments and minimizes the risk of errors.
• Improved Forecasting: With automated bank data and transaction insights, organizations can enhance their cash forecasting accuracy. The suite helps in projecting future cash flows based on historical data and current trends, leading to more informed financial planning and decision-making.

Yes, with Sprint365, this includes invoice scanning capabilities through integration with ExFlow. It also supports workflow functions for routing and approving vendor invoices. These features help streamline invoice processing and ensure efficient handling within the system.

• AP Efficiency by Prioritizing Problematic Invoices: By automating invoice capture and validation, ExFlow highlights discrepancies, errors, or exceptions that need attention. This targeted approach allows AP teams to concentrate on resolving problems rather than processing every invoice manually. As a result, the overall efficiency improves, and potential issues are addressed more effectively.
• Streamlined PO Invoice Matching with ExFlow: The solution verifies that invoice details align with PO terms and quantities, flagging any discrepancies for review. This automated matching reduces manual checks and ensures accuracy in invoice approvals. Consequently, it helps streamline the AP workflow and minimize errors related to PO discrepancies.
• Advanced Workflow and Approval Processes: The solution provides flexible and configurable workflow options that can be tailored to fit the specific needs of an organization. With ExFlow, businesses can set up multi-level approval processes, implement conditional routing based on predefined criteria, and ensure that all invoices go through the appropriate channels before payment.

Dynamics 365 FO (D365FO) provides several key features for efficient invoice management, including:

• Automated Invoice Generation: The system can automatically create invoices for recurring billing scenarios, such as subscriptions or service contracts, reducing manual work and ensuring timely billing.
• Electronic Invoicing: D365 F&O integrates with electronic invoicing standards to streamline the submission and processing of invoices, enhancing efficiency and reducing errors.
• Customizable Invoice Templates: You can use customizable templates to ensure that invoices meet your organization’s branding and compliance requirements, maintaining consistency across all invoices.

Automated and periodic general ledger processes in Microsoft Dynamics 365 FO (D365FO) offer several advantages that can significantly benefit organizations

• Increased Efficiency and Reduced Manual Effort: By automating repetitive tasks such as journal postings, reconciliation processes, and period-end closings,D365 F&O minimizes the need for manual intervention
• Recurring Journals: Automated generation of recurring journal entries for regular transactions (e.g., monthly expenses or amortizations) ensures timely and accurate postings without manual input, streamlining the accounting process.

D365 F&O can assist with sales tax and VAT reporting through the following features:

• Automated Tax Calculations: Calculation of sales tax and VAT for transactions based on configured tax codes and rates. This ensures that the correct tax amounts are applied to invoices and purchase orders according to local tax regulations.
• Tax Reporting and Compliance: The system provides pre-configured tax reporting templates and supports the generation of detailed tax reports. These reports include sales tax and VAT summaries, which help in compliance with regulatory requirements and simplify the process of filing tax returns.
• Real-Time Updates and Integration: D365 F&O integrates with local tax authorities and tax compliance systems, allowing for real-time updates to tax rates and regulations. This integration ensures that your tax reporting remains accurate and up-to-date, reflecting any changes in tax laws.

D365FO automates intercompany transactions such as sales and purchase orders, reducing manual data entry and errors. This integration ensures that transactions are seamlessly recorded across different entities, enhancing efficiency and accuracy in financial management.

• Centralized Management: A unified view of intercompany transactions makes it easier to manage and reconcile accounts between legal entities. This centralization facilitates better control and oversight of financial operations across the organization.
• Automated Accounting: With automated intercompany accounting and reconciliation processes,D365 F&O minimizes discrepancies and manual adjustments. This automation helps maintain accurate financial records and supports real-time visibility into intercompany financial activities.

D365F&O allows for flexible dimension setup and application, enabling detailed financial and operational reporting. Dimensions can be used to track and analyze performance across various categories such as departments, projects, or regions, providing valuable insights for strategic decision-making.

• Consistent Data Across Entities: The system supports dimension mapping and inheritance, ensuring that financial data remains consistent and comparable across different legal entities. This consistency helps maintain coherence in reporting and analysis across the organization.
• Improved Financial Management: By applying dimensions to transactions,D365 F&O helps in precise allocation of costs and revenues, leading to more accurate budgeting and forecasting. This detailed tracking aids in better financial planning and management at both entity and organizational levels.