Skip to main content

How Dynamics 365 Business Central Helps In Maintaining Regulatory Compliance Requirements?


  • 1.       With Microsoft Dynamics 365 Business Central, you can track financial data through custom account schedules for cash flow, revenues, balance sheets, fixed assets, capital structure, key performance indicators, and more.
  • 2.       Business Central comes with role-based security and configurable application controls to prevent invalid or duplicate data entry.
  • 3.       D365 Business Central consolidates data across multiple legal entities. You can use dimensions in transactions in all ledgers important for your business. Use data from dimensions in reports for filtering, account schedules to analyze your general ledger.
  • 4.       Dynamics 365 Business Central supports multiple currencies, enabling you to use multiple currencies on sales and purchase documents, bank transactions, payments in payables, and receivables.


  • 5.       You can quickly and easily generate financial reports in accordance with applicable regulatory standards. With Business Central, you can maintain comprehensive audit trails with drill-down and drill-around functionality and changelogs.
  • 6.       Business Central enables you to create the company's chart of accounts based on business requirements and applicable regulatory standards.
  • 7.       You can create accounts in Business Central to handle complex processes including inventory valuation, foreign currencies, segment reporting, and departures from local GAAPs.
  • 8.       Using common business parameters, you can create standard reports and satisfy typical reporting needs, ranging from order summaries of aging accounts receivable.
  • 9.       Create custom reports and display in product and by utilizing integration to Microsoft PowerBI.
  • 10.   Seamlessly transmit financial information to customers, shareholders, regulatory agencies, and the public with XML-based XBRL documents
  • 11.   You can trace information in both forward and backward direction i.e. from the original source to final financial statements and back.
  • 12.   Identify how, when, and by whom information was entered or edited, and to what account financial entries have been posted.
  • 13.   Increase audit trail transparency and usability, and speed information access for third-party auditors with drill-down, look-up, filtering, register, and navigation

How Can We Help You?

If you’re looking for robust, cloud-based FinancialManagement Software, then you should opt Microsoft Dynamics 365 Business Central. Through built-in reports, Excel or Power BI, you can view charts and reports in real-time to track financial performance. If you need to explore more about Business Central, feel free to contact us. We offer Consulting, Microsoft Dynamics 365 Implementation, Customization, Integration,& Support Services.

Comments

Popular posts from this blog

Why You Need Supply Chain Management Software For Your Business?

The success of your business links inextricably to the performance of your supply chain. Poor supply chain performance commonly contributes to corporate or business failure. An important aspect of Supply Chain Management is “Procurement”. Procurement is collection of disparate suppliers selected almost randomly on the basis of a perceived ability to deliver products at a price that appears right. However, in reality businesses pay little heed to organize their suppliers or implement coherent supply chain strategies. This eventually results in ·          Overhead costs associated with managing suppliers ·          Cost of resolving quality management issues ·          High inventory levels in case of under supply ·          Logistics costs ·          Lost sales from late del...

Adopt…….Simple…..Smart…….Innovative……MS Dynamics NAV Technology

  Everybody knows Microsoft products but MS Dynamics NAV is one of the most popular ERP System all over the world. Due to its simplicity, made up of with smart technique and enclosed with avant-garde ideas. But some of the organizations are not choosing or using the right Cloud Based ERP System. As per comparison of MS Dynamics NAV (Navision) with other Enterprise Resource Planning Software – comparatively MS Dynamics NAV is #1 web based (Software-as-a-Service) application.     Why We Should Not Go With Microsoft Nav Dynamics ? Today, the simplicity of ERP Software continues to beat at the heart of Dynamics NAV. Its state-of-the-art functionality covers everything which is essential for successful business growth.   MS Dynamics NAV offers rapid adaptability, easy to use, custom application and gives online business capabilities. With the help of ERP Software, employees become more effective and organizations will more competitive. It provides Role-Bas...

Make The Most Of Your Resources With D365 For Field Service

Business organizations can be more proactive and proficient with Dynamics 365 for Field Services as it helps detect, diagnose, and solve critical business issues using predictive technology. Orchestrated as an integrated field service management software, it offers extensive capabilities of service agreements, work order management, preventative maintenance, customer assets, service locations, mobility, collaboration, customer billing, and analytics. Not only these capabilities ease the specific operations but assist in driving productivity, profitability, and substantial expansion to the organization as well.  T he following key functionalities help optimize the resources and steer maximum organizational benefits:  Maximized Scheduling  Professionals are given access to organize field service teams and equipment with agile scheduling options, which helps accommodate both customer service representative and dispatcher workflows efficiently. Also, it ...