Dynamics 365 Finance Reviews & Pricing

Key Features

• Elaborate Reporting: Balance and close books quicker with in-depth reporting and real-time analytics appliances. Users may enable pliable financial reports that showcase numerous currencies and legal entities to administer foreign exchanges and expedite end-of-month bookkeeping procedures. 
• Grow Revenue: Work with machine learning capabilities that come with reporting, financial intelligence and analytics that compile forecasted recommendations and provide guidance for opportune customer expenditures. 
• Role-Based Workspaces: Personalize crucial documents and reports such as invoices and statements that align with ever-changing business necessities with the role-based workspaces and modules. Users may also activate automatic recurring bills that seamlessly adapt to new revenue recognition rules, dwindle audit costs and cipher financial statements with precision.  
• Compliances: Ensure that businesses align with local and global standards to reduce risks with the compliance attribute that guarantees compliance in approximately 37 countries and 42 languages. 
• Financial Planning: Keep organizations running smoothly whether they're local, abroad or both with the financial process automation, financial planning and analysis, encumbrance and budget control modules. 

Approach to Common Challenges

• Manual Processes and Data Silos: Automate core accounting tasks like GL, payables, receivables, and project accounting. Integrate with other business systems for a single source of truth.
• Lack of Real-Time Visibility: Access real-time financial insights with dashboards and reports. Make data-driven decisions with up-to-date information.
• Scalability and Compliance: Adapt to changing business needs with a scalable cloud solution. Maintain compliance with industry regulations and regional requirements.
• Limited Reporting and Forecasting: Generate comprehensive reports and forecasts with flexible tools. Analyze financial trends and predict future performance.
• Workflow Inefficiencies: Streamline workflows with automation tools like purchase approvals and expense management. Improve operational efficiency and reduce errors.

Cost Of Ownership

• Q: How much does a basic Dynamics 365 Finance subscription cost?
  A: Pricing starts at $180 per user per month for the "Finance" plan, which covers core accounting functions like GL, payables, and receivables. However, most businesses require additional modules like project accounting or budgeting, pushing the cost closer to $300 per user per month with the "Finance Premium" plan.
• Q: Are there any upfront costs besides subscriptions?
  A: While Microsoft doesn't charge upfront licensing fees, you may incur implementation costs. Expect to pay consulting fees for setup and configuration, ranging from $5,000 to $25,000 depending on your company's complexity and data migration needs.
• Q: Can I save money by customizing Dynamics 365 Finance?
  A: While customization can improve user experience and workflow, it adds ongoing costs. Customizations require developer resources and ongoing maintenance, potentially negating cost savings from basic subscriptions. Consider if standard features already address your needs before investing in customization.

Limitations

•  Doesn't offer enough storage space 
•  It’s occasionally sluggish when loading information 

Suite Support

FAQ

• Q: Can I integrate Dynamics 365 Finance with other Microsoft products?
  A: Yes, seamless integration is a core strength. Connect seamlessly with CRM, Power BI, and Office 365 for streamlined data sharing and enhanced analytical capabilities across departments.
• Q: How does Dynamics 365 Finance handle industry-specific needs?
  A: Pre-built solutions and industry-specific templates cater to unique requirements in sectors like manufacturing, retail, and non-profit organizations. This reduces customization needs and accelerates implementation.
• Q: Is Dynamics 365 Finance suitable for international businesses?
  A: Yes, it supports multi-currency transactions, localized tax rules, and global reporting across different branches and subsidiaries, promoting efficient financial management in complex multinational operations.
• Q: How secure is Dynamics 365 Finance?
  A: Built on Microsoft's Azure cloud platform, it offers robust security features, including data encryption, access controls, and regular security updates. This ensures data integrity and compliance with industry regulations.
• Q: Does Dynamics 365 Finance offer scalability for future growth?
  A: The cloud-based platform easily scales to accommodate changing business needs, adding users, modules, and storage as your company grows. This eliminates infrastructure limitations and future-proofs your financial management system.