Unleashing the power of Dynamics 365 F&O

In today's rapidly and continuously evolving business landscape, successful organizations recognize they need to adapt and optimize their operations to stay competitive. One critical aspect of this transformation is the migration from on-premises systems to cloud-based solutions.

Mazars works with clients to strategize, customize and implement Microsoft Dynamics 365 Finance and Operations (F&O), offering them a range of benefits that drive efficiency, agility and productivity. With the Dynamics 365 F&O application, organizations can streamline operations, provide real-time insights, offer scalability and flexibility, and ensure enhanced security and compliance.

Here are the benefits of moving from on premises systems to cloud-based Microsoft Dynamics 365 F&O.

Streamline operations

Dynamics 365 F&O streamlines operations, enabling organizations to optimize core business processes. Migrating to a cloud-based ERP solution allows companies to break free from on-premises limitations and embrace digital transformation.

With Dynamics 365 F&O, businesses automate and integrate finance, supply chain and manufacturing operations, reducing manual effort, eliminating data silos and driving process efficiencies. This results in enhanced efficiency, increased agility and improved productivity, enabling organizations to focus on strategic initiatives rather than administrative tasks.

• Organizations that implement cloud-based ERP solutions experience an average 22% improvement in operational efficiency. (Nucleus Research)
• An Aberdeen Group study found that cloud-based ERP systems can reduce manual data entry by up to 75%, resulting in significant time and cost savings.

Real-time insights

Real-time, data-driven decision-making is a game changer for businesses. Dynamics 365 F&O empowers organizations with integrated analytics and reporting capabilities, providing a holistic view of financials, operations and supply chain data.

Interactive dashboards, customizable reports and advanced analytics enable decision-makers to gain valuable insights into key performance indicators, identify trends and forecast outcomes. Real-time visibility allows businesses to respond swiftly to market changes, seize opportunities and effectively mitigate risks.

• Forbes Insights found that companies using advanced analytics and real-time data are 1.7 times more likely to achieve a competitive advantage.

Scalability and flexibility

Business growth and evolution require scalable and flexible solutions. Dynamics 365 F&O offers unparalleled scalability, enabling organizations to expand effortlessly. Being cloud-based helps ensure seamless scalability without extensive IT infrastructure investments.

Additionally, the platform's flexibility allows organizations to adapt quickly to changing business needs and industry trends. Customizable workflows, added functionalities and integration with other Microsoft solutions and third-party applications enable businesses to innovate at their own pace and stay ahead of the competition.

• Gartner predicts that by 2023, 75% of midsize and large organizations will have adopted a multi-cloud or hybrid IT strategy, enabling them to scale and adapt to changing business needs.
• The flexibility of cloud-based ERP systems allows businesses to add new users, functionalities and modules as their operations grow – without significant infrastructure investments.

Enhanced security and compliance

Data security, privacy and regulatory compliance are paramount concerns for businesses today. Dynamics 365 F&O addresses these concerns with Microsoft's robust cloud infrastructure and compliance certifications.

Migrating to the cloud enables organizations to leverage industry-leading security measures, including data encryption, multifactor authentication and regular security updates. Dynamics 365 F&O is built to comply with global data protection regulations like GDPR, ensuring the protection and compliance of customer and business data. This level of security and compliance instills trust in customers and stakeholders, strengthening the organization's reputation.

• Microsoft Azure, the underlying cloud platform for Dynamics 365, has over 90 compliance certifications, including GDPR, HIPAA, ISO 27001, and SOC 1 and SOC 2.

The benefits of migrating from on-premises systems to Microsoft Dynamics 365 F&O are substantial. By streamlining operations, providing real-time insights, offering scalability and flexibility, and ensuring enhanced security and compliance, organizations can unlock their true potential for growth and success. Embracing this powerful ERP solution is a transformative step toward digital innovation and achieving operational excellence in today’s business landscape.

Are you considering moving to the cloud? Mazars helps clients accelerate transformation, moving from the ground to the cloud, enabled by Microsoft platforms.

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The information provided here is for general guidance only, and does not constitute the provision of tax advice, accounting services, investment advice, legal advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal or other competent advisers.