Dynamics 365 Finance & Operations is a cloud-based Enterprise Resource Planning (ERP) system well-suited for large or diversified companies. Dynamics 365 for Finance and Operations unifies global financials and operations to empower people to make fast, informed decisions. Finance and Operations helps businesses adapt quickly to changing market demands and drive rapid business growth. 

Originally referred to as Finance & Operations, Microsoft now technically licenses it as 2 different apps:

• Dynamics 365 Finance: Includes budgeting, project management, financials, and accounting for large, international companies.
• Dynamics 365 Supply Chain Management: Includes engineering, manufacturing, warehousing, and distribution.

It’s still a single implementation. The 2-app licensing just means that you choose whether your individual users have access to one or both apps, depending on your business processes. 

For more information on D365 Finance & Operations capabilities go to

https://dynamics.microsoft.com/en-us/finance/capabilities/

7 Key Features of Microsoft Dynamics 365 for Finance and Operations

• 1. Elevate Your Financial Performance
  • Boost profitability & productivity within the centralized and global financial management system.
  • Lower the operational expenses across the business counties.
  • Make better decisions with embedded analytics in real time.
  • Empower automated processes for streamlined asset management.

• 2. Manage Crucial Finance Operations
  • The fast and efficient way to register financial transactions.
  • Manage relationships between subsidiaries & parent organization.
  • Manage internal cost accounting, currency translation, and reports in any supported currency.

3. Setup and Handle General Ledger

• Ensure flexible configuration options for the setup general ledger for smooth financial accounting.
• Share data in the form of charts for better visibility.
• Create flexible journal entries or currency exchange rates across multiple legal entities.
• Track your financial closing processes across companies, areas, and people.

• 4. Budget Planning
  • Get smarter with effective budget planning of organizational expenses.
  • Configure your accounting system settings with flexible and scalable options.
  • Perform a quick calculation of available budget funds.
  • Establish budget pooling.
  • Effectuate the review and approval with easy budget workflows.
  • Add customization to your process configurations, workflows, and budget planning worksheets.
  • Make budgeting easier by giving your team members easy-to-use tools.
  • The user wizard will help them create budget plan worksheet templates for Microsoft Excel.
  • Employees can automatically route their budget plans with worksheets, justifications, and attachments.

• 5. Financial Reporting
  • Enable custom reporting structure through the setup of financial statements.
  • Ensure easy mapping of ledger accounts and reporting structures.
  • Stay compliant with legal requirements and international accounting standards.
  • Keep your balance sheet, income statement, and cash flow statements updated with automation.

• 6. Business Intelligence (BI)
  • Digitize Your Business Processes with the Power BI platform.
  • Get full integration of the market-leading Microsoft business technologies like – Microsoft 365, Microsoft Power Apps, and Power BI.
  • Power BI can display its full capabilities, especially in finance because reports from various company sources can be generated quickly and easily if required.
  • Get required help and support in strategic decision-making.

• 7. Individual Adaptation
  • Get full control and you won’t have to pay for the entire license. You can choose the features that you’d need and pay accordingly.
  • The system adapts to your additional needs and requirements and grows with you.
  • It will offer flexibility in terms of your scalability.