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How Dynamics AX can help in accelerating your business growth inoday
June 26, 2019
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Microsoft Dynamics AX is an integrated cloud-based solution specially designed for businesses that have a global presence and wish to manage financial, supply chain and customer relationship requirements with a single solution. As a comprehensive financial management solution, Dynamics AX can easily address the financial requirements of even the most complicated multi-company and multi-national organizational structures. Whether your company has a regional, national or international structure, Dynamics AX enables you to conduct business while complying with local regulations and tax requirements. From powerful intercompany processing automation to region-specific statutory regulatory reporting, Dynamics AX can easily cater to all your business needs.
With Dynamics AX, organizations can efficiently automate the management of the financial processes of a company, enabling the business to have complete control over accounting and budgeting while having real-time visibility & monitoring of transactions. Dynamics AX enables organizations to manage operations more effectively while responding quickly to change, making better business decisions based on real-time business insights. Dynamics AX helps you to have complete transparency over running costs, receivables, and liabilities as well as budgets, forecasts and cash flow.
Core Financial Capabilities of Dynamics AX General ledger Flexible setup of accounting periods Fast and reliable year-end procedure Multiple budgets Multiple journals Journal approval procedures Recurring journals Validation prior to posting Allocation based on percentages for accounts, and Dimensions Extensive tax module for different types of tax calculation and reporting
Bank Management Reconcile bank accounts Setup of checks Monitoring deposits, payments, and bank balances lectronic import of bank account statements available for some countries
Accounts receivable Credit control Flexible terms of payment and cash discounts Advanced payment schedules Pre-payment capability Draft handling (bill of exchange) Payment proposal feature with flexible payment method Free text invoicing (non-stock invoicing)
Interest calculation functionality Flexible collection letter procedures Export and import formats for electronic payments Multiple currency handling and exchange rate adjustment
Accounts payable Bridging accounts Flexible terms of payment and cash discounts Advanced payment schedules Pre-payment capability Promissory note handling Payment proposal feature with flexible payment method Invoice registering and approval process Export and import formats for electronic payments Multiple currency handling and exchange rate adjustment
Global functionalities Multi-language capabilities Comprehensive local market functionality Multi-currency and secondary currency handling Currency Converter Euro conversion Exchange rate adjustment handling Country-specific bank formats for electronic payments and import of bank account statements
Business Insights Powerful financial dimensions for data analysis Flexible report generator Extensive reporting structure Traceability and tracking Benefits of using Dynamics AX for your organization
Improve Productivity:- With import and export options for generating financial reports, Dynamics AX enables organizations to perform a strategic analysis of actual results against multiple budgets to manage cash flow effectively. With targeted analysis and comprehensive view of the financials, Dynamics AX enables organizations to make informed decisions. Compete Globally:- Dynamics AX enables organizations to do business without geographic limitations. With support for multi-company structure, multi-currency and local market, Dynamics AX eliminates complexities of managing a global organization with a centralized ERP solution. Dynamics AX offers real-time visibility to financials while supporting business activities through various exchange rates and accounting principles in different countries. Simplify Compliances:- Dynamics AX reduces risk and liability associated with the administration and business initiatives for clients. By managing local legal and regulatory compliance, Dynamics AX enables you to maximize tax treatments while enabling you to create favorable business conditions in foreign markets. Financial Dimensions:- With multiple dimensions, Dynamics AX enables you to break data into categories to perform a detailed analysis of financial data. Dynamics AX enables you to analyze and measure financial information across departments, cost centers, product lines, regions, and other customizable aspects. Cash Flow Management:- Dynamics AX helps organizations to gain deeper insight into financial status and cash flow. Dynamics AX helps you to analyze liquidity with cash flow forecasts while optimizing the way the company manages foreign currencies. You can reconcile accounts and monitor and report deposits, payments, and balances on bank accounts.
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