Migrate and modernize your ERP with Dynamics 365: A business value guide

The finance and supply chain market is poised for significant growth. The global Supply Chain Finance Market, valued at approximately $6 billion in 2021, is projected to reach around $13.4 billion by 2031, growing at a CAGR of 8.8% from 2022 to 2031. This growth is driven by the increasing need for safety and security in supply chain activities, along with the adoption of supply chain finance by SMEs in developing countries.

In light of this growth, organizations are accelerating pipeline activity with composable solutions that create upsell opportunities with small, medium, and corporate (SMC) customers. Understanding how the features of Microsoft Dynamics 365, a modern cloud ERP solution, can address your organization’s challenges and generate more revenue is crucial.

Wondering how? This guide explores the significant benefits and features of Dynamics 365 (AI, automation, and analytics into every ERP process), demonstrating its role in business process optimization and boosting your ROI.

Realize business impact faster with Dynamics 365

Implementing a cloud ERP system comes with several challenges. These include integrating various platforms to streamline operations, transitioning from outdated legacy IT infrastructure, and tailoring your new cloud-based ERP solution to meet specific business needs. Additionally, the process of migrating to cloud-based ERP solution can be prolonged and resource-intensive, requiring significant investment and expertise.

Dynamics 365 addresses these issues of ERP migration, providing a reliable and cost-effective solution through Microsoft Cloud. By incorporating ISV solutions from Microsoft AppSource, businesses can avoid the time and expenses associated with developing custom solutions.

Challenges in implementing a modern cloud ERP

• Disconnected processes and systems: Integrating various platforms to streamline operations can be complex and time-consuming.

• Outdated legacy IT infrastructure: Transitioning from legacy systems to a modern ERP requires significant investment and expertise.

• Inability to configure solutions to business needs: Most ERP solutions lack the flexibility to be tailored to specific business requirements.

• Long and manual implementation processes: The implementation of new solutions can be prolonged and resource-intensive.

Benefits of Choosing Microsoft Dynamics 365 ERP

• Adaptability: Quickly adjust systems and optimize processes as business conditions change.

• Simplified customization: Eliminate the need for complex, IT-intensive customization processes, allowing for quicker deployment.

• Cost efficiency: Reduce IT complexity and spending, freeing up resources for other strategic initiatives.

• Seamless integration: Dynamics 365 ERP integrates seamlessly with existing systems, reducing operational disruptions.

• Scalability: Easily scale solutions to match business growth and changing needs.

• Reliability: Benefit from the high availability and reliability of the Microsoft Cloud, ensuring consistent performance.

Adopt globalization and ESG

When it comes to ERP modernization, implementing such an ERP system that supports globalization and ESG (Environmental, Social, and Governance) initiatives can be challenging. Dynamics 365’s Globalization Studio simplifies these complexities, providing comprehensive support across 51 countries, regions, and 67 languages, ensuring seamless operations and improved ESG reporting.

Challenges in adopting globalization

• Disconnected teams and data across locations: Managing operations across multiple locations can lead to fragmented teams and inconsistent data.

• Manual, inaccurate ESG reporting: Ensuring accurate and timely ESG reporting is difficult with manual processes.

• Lack of standardization across systems and locations: Variations in systems and processes can hinder efficiency and compliance.

Benefits of choosing MS Dynamics 365 ERP

• Minimize business disruptions: Streamline operations to reduce disruptions and ensure smooth workflows across global locations.

• Enhanced ESG reporting: Automate ESG reporting to improve accuracy, traceability, and auditability.

• Standardization: Implement standardized processes across two-tier and multi-tier ERP systems, ensuring consistency and compliance.

• Global support: Benefit from support in over 51 countries and regions and 67 languages, facilitating global operations and expansion.

• Simplified system complexity: Reduce the complexity of managing multiple systems, allowing for more efficient and effective operations.

Activate insights at every level with Dynamics 365

Unlocking real-time insights across your organization is crucial for informed decision-making and regulatory compliance. Dynamics 365 ERP system brings together data from disparate applications, providing comprehensive analytics and reporting accessible to all. With intelligent and configurable cash flow forecasting, you can identify trends, make data-driven decisions, and spend intelligently while complying with evolving regulations.

Challenges in activating insights

• Inability to get a real-time view of business health and finances: Disconnected data sources hinder a holistic view of the organization’s financial health.

• Lack of visibility to address potential issues before they emerge: Without timely insights, potential problems remain unaddressed until they become critical.

• Outdated systems not meeting new regulatory needs: Legacy systems struggle to keep up with evolving regulatory requirements.

• Uninformed decision-making across departments and employees: Without accessible data, decision-making across the organization lacks a solid foundation.

Benefits of choosing Dynamics 365

• Improved understanding of current and future spending and financial health: By migrating your ERP to the cloud, gain a clear and accurate picture of your financial status and forecast future trends.

• Faster, data-backed decision-making: Empower your team with real-time data to make informed decisions quickly.

• Enhanced transparency on all business functions: Ensure all departments have access to consistent, accurate data for better collaboration and accountability.

• Compliant operations and data security: Maintain regulatory compliance and protect sensitive information with robust security measures.

• Real-time comprehensive analytics: Integrate data from various sources for a unified view, enabling comprehensive and actionable insights.

Capitalize on AI-powered ERP with Copilot in Dynamics 365

We are all familiar with the traditional benefits of ERP systems. Now, it’s time to experience the next generation of ERP, driven by AI. AI in ERP systems is revolutionizing traditional efficiency, enhancing operations and productivity. AI-powered ERP systems integrate artificial intelligence capabilities into traditional ERP software to enhance business processes. They use AI to automate tasks, provide predictive analytics, and offer real-time insights, thereby improving efficiency, decision-making, and overall productivity. This advanced technology helps businesses stay agile and competitive by optimizing operations and reducing manual workload.

Dynamics 365 Copilot, powered by Azure, enhances flexibility, speed, and productivity, allowing employees to focus on meaningful tasks. It enables proactive shop floor management through real-time views of machinery, production, and stock, improving cash flow forecasts by comparing projections with actual results. Whether you are new to the cloud or modernizing your ERP tech stack, your business can equally benefit from AI.

Read more: Explore how Dynamics 365 Copilot is transforming ERP and CRM systems

Challenges of traditional ERP systems

• Long solution development times: Traditional ERP systems often require lengthy development periods.

• Employee and production inefficiencies: Inefficiencies can hinder productivity and output.

• Complex implementation for new solutions: Implementing new ERP solutions can be complicated and resource-intensive.

Benefits of choosing Dynamics 365 with the new copilot capabilities

• Drive faster growth with up-to-date technology: Leverage the benefit of not just cloud but also AI to accelerate business growth.

• Increase employee and workflow outputs: Enhance productivity by streamlining workflows and reducing inefficiencies.

• Improve revenue generation with data-driven knowledge: Use real-time data insights to boost revenue and make informed decisions.

• Proactive shop floor management: Maintain a real-time view of operations for better decision-making and efficiency.

• Enhanced cash flow forecasts: Improve financial planning by accurately comparing projections with actual results.

• Seamless integration with Microsoft Solutions: Ensure your customers get the most from their Microsoft solutions, simplifying transitions to the cloud or modernizing ERP systems.

Supercharge productivity and collaboration with Copilot

Dynamics 365 features keep getting better! Dynamics 365 Copilot is the first copilot to integrate next-generation AI into CRM and ERP technology, transforming how work gets done across businesses. Automated workflows enable employees to focus on high-value tasks and access actionable insights throughout the organization.

Challenges in collaboration and productivity

• Manual workflows and tasks: Traditional processes can be time-consuming and error-prone.

• Inability to seamlessly collaborate: Difficulty in working efficiently with colleagues, partners, vendors, and suppliers.

• Disconnected hybrid work environments: Challenges in maintaining productivity across varied work setups.

• Excessive time spent on data analysis: Significant time and effort required for data mining and analysis.

Benefits of choosing Dynamics 365 Copilot

• Streamlined processes: Automated workflows free up time for employees to focus on work that drives impact.

• Modern work opportunities: Facilitate contemporary work practices to enhance productivity and collaboration.

• Empower employees with data: Provide easily digestible data and reporting to all employees for informed decision-making.

• Enhanced collaboration: Seamlessly connect with colleagues, partners, vendors, and suppliers for improved teamwork.

• Optimized hybrid work environments: Ensure smooth operation and productivity in diverse work settings.

• Efficient data analysis: Reduce the time spent on data mining and analysis, allowing for quicker insights and actions.

Migrate and modernize your ERP today!

The benefits of an ERP system like Dynamics 365 Finance and Operations are plentiful. With Dynamics 365’s AI-powered ERP, you can confidently move your customers to the cloud, unlocking the agility needed to lead in today’s marketplace. Leverage the comprehensive Dynamics 365 Finance and Operations features to optimize your finance and supply chain processes, ensuring a seamless transition and ongoing success.

At Confiz, we have extensive expertise in Dynamics 365. We help businesses achieve their goals through successful ERP implementations, including upgrading their existing ERP if they are interested in choosing cloud ERP solutions. Our team of professionals is dedicated to delivering tailored solutions that meet your unique business needs.

Contact us at  marketing@confiz.com to learn more about how we can support your Dynamics 365 journey and help your business thrive in the digital era.