An American songwriter, John Kander, once said, ‘Money makes the world go round.’ Today, it is true because finance is relevant to all types of organizations – SMEs, multinational companies, non-profits, and many more.
The use of cloud-based services to optimize every aspect of the company, including finance, has seen an exponential increase in interest. Cloud computing is becoming the main force that is transforming the banking industry. This way, it reduces an organization’s operations and IT infrastructure costs and allows users to get access to various computing resources such as databases, servers, storage, analytics, and intelligence without demanding the setting up fee or the difficulties of managing onsite servers and data centers.
There are several advantages that can be obtained while implementing cloud computing for the finance processes. It enhances productiveness as it is more flexible, easily scalable, and less expensive. It favours financial development and opens new opportunities, for example, the opportunity to enter the global market.
Despite these benefits, a lot of people are reluctant to adopt and fully utilize them due to several issues, such as:
Security Concerns: When adopting cloud computing, some of the issues that are most often conceived include security issues, insecurity of data, loss of control, and security breaches.
Regulatory Compliance: This makes it challenging to guarantee that cloud computing providers can follow the rules that are fundamental to finance, specifically where the legislation isn’t well developed or changes frequently.
So, how is it possible to take advantage of cloud computing optimally and at the same time – avoid risks? That is where Microsoft Dynamics 365: Finance and Operations comes into the picture!
There are five main components that make up Microsoft Dynamics 365 Finance & Operations; these include finance, manufacturing, supply chain, cloud, and project operations. It aids in the way efficient and effective judgments are made since it takes advantage of real time and predictive solutions that are easily implemented on the cloud.
As most finance professionals need to make decisions that impact the value of millions of dollars every week, Microsoft Dynamics 365 Finance and Operations helps in enabling them to do this faster and with better information. It can also highlight far more rapid and cheap methods for altering your company and can give you the opportunity to grow as you desire and achieve your personal best at your own pace.
Political rivalry and the fast-changing landscape of business are creating uncertainty for international trade policies and regulations. This makes the previously addressed compliance issue even more urgent. Here, we should notice that what has been discussed as a compliance issue becomes even more crucial in this context. This is where Microsoft Dynamics 365 Finance and Operations can fulfill your needs. There’s no doubt that such performance is hard to achieve, but what it means is that you get a 99. 9% service uptime, security, and compliance with the laws. It can:
As one of the leading international private K–12 schools, GEMS Education strives to be a center of learning for more than 60 institutions with innovative curriculums and teaching methodologies and aspires to educate learners in the MENA region. They transitioned to the Microsoft Dynamics 365 cloud by partnering with Intwo, a Microsoft Technology partner, to enhance their capabilities and be sure that the best customer experience is provided. As for the users, they can enjoy easier and faster access from any place, a secure environment for financial transactions, interactions with the vendors, and procurement processes.
Aujan Group Holding AGH is one of the largest privately owned companies in the Middle East, it operates in the Kingdom of Saudi Arabia as a conglomerate in mineral water, plastic packing material, and real estate business. For its Finance and Supply Chain needs, they were using IFOR and SAP, and it became difficult for them to extract data and even manage both software. Together with Intwo, they have integrated Microsoft Dynamics 365 Finance and Operations and united twenty-three legal entities in the group. This is done by centralizing the platform so that operations are made easier and automated, data is given in real time, and compliance is enhanced.
Intwo is a leading Microsoft Dynamics 365 partner, with experience of more than 1000 implementations across the globe, and a proud holder of multiple Microsoft Accreditations. Talk to us and learn more about how we can help your finance operations reach greater heights.
Adnan Sial, Presales Manager at Intwo, excels in implementing Microsoft Dynamics 365 Finance & Operations and AX 2012 solutions. His expertise in transforming As-Is landscapes into optimized To-Be solutions drives improved business outcomes. Passionate about presales, Adnan’s strategic approach has consistently contributed to revenue growth.
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