Microsoft D365 for Finance provides multiple ways for manufacturers to improve cash flow, maximize profit, and create a sustainable business. All three components are essential for improving financial clarity: the ability to understand your business performance for cash and profit. With Microsoft D365, manufacturers can look at real-time information and fully understand what the data means for the business and adjust business strategies accordingly. In this blog post, we will be discussing three ways manufacturers can run their business more efficiently through financial clarity in areas of factory automation, balancing budgets, financial planning, and data analysis.
1. Improve Cash Flow
Use cash flow forecasting to predict business scenarios through Microsoft D365. By using AI, manufacturers can assess business plans and subsequently make optimal financial decisions, maximize cash flow, strategize quickly for future growth, and provide real-time data insights. Assessing investments and budgeting can help improve cash flow in the long run as it reduces business risks and keeps costs low. Manufacturers can use Microsoft D365 to assess and project cash flow and monitor financial trends in order to make intelligent decisions to improve current and future revenue.
2. Maximize Profit
Identify potential profit margins whether you are spending too much on certain goods or are losing revenue due to unexpected expenses. Microsoft D365 provides a way for manufacturers to understand the data related to profits/expenses in order to grow toward financial targets. In order to maximize profit, not only can manufacturers learn to use real-time data for business decisions, they can also automate financial processes which integrate fiscal tasks. Manufacturers can use Office 365 integration to unify businesses models to maximize productivity and overall financial performance.
3. Create Sustainability
Reduce operational expenses and increase production by optimizing spending. Microsoft D365 lets manufacturers plan finances in order to clearly visualize and apply data trends in order to adapt to changing markets. Financial planning is vital for a sustainable business. Manufacturers can use this platform in order to further decrease financial complexity and subsequently manage constantly changing business requirements. The ability to customize documents and use invoice templates is just one example of ways manufacturers can create sustainability through clarity in revenue streams, costs, global financial requirements, and even reporting formats.
Next Steps
If you are interested in learning more about improving financial clarity using Microsoft Dynamics 365 for Finance and Supply Chain Management contact us here to find out how we can help you grow your business. You can also email us at info@loganconsulting.com or call (312) 345-8817.
