What is Dynamics 365 Finance?
Dynamics 365 Finance is Microsoft's enterprise financial management app for organizations with many legal entities, countries and currencies. It covers general ledger, payables, receivables, budgeting, fixed assets and cash management, and runs on the Finance and Operations platform.
Why it matters for your business
It suits groups that need intercompany accounting, consolidation and local regulatory formats across several countries, which entry-level accounting tools handle poorly. Its electronic reporting feature lets teams configure many tax and payment document formats instead of coding them.
A company with subsidiaries in the US, Canada and Mexico closes the month in Dynamics 365 Finance, posting intercompany charges in each currency and producing a consolidated view for the board.