Based heavily on previous incarnations of Dynamics AX, Finance and Operations features all the finance, retail, procurement, supply chain management, production, and HR functionality of its predecessors.
Many of these existing features have been updated and improved in the new Dynamics 365 version, and it has already benefited from the addition of new tricks since its initial release. Here are just a few new features you can expect to see in Dynamics 365.
Role Centers have now been replaced by Workspaces, which allow multiple aspects and features of F&O to be used simultaneously via a customizable dashboard. These Workspaces simplify the user experience, and help make even new or inexperienced users more productive by allowing them to filter datasets without SQL knowledge. New view features enable users to add, move or hide fields in their Workspace, and also share views with other users.
F&O’s global search feature makes it easier to find the information you need, no matter where it is in the system.
Users can get a quick overview of their inventory balance, work in progress inventory balances, and annual inflow and outflow through the cost administration workspace. These balances are updated automatically every 24 hours, and can also be updated manually if needed.
With Dynamics 365, it’s possible to create and embed highly-intuitive business intelligence reports and visualizations into the Finance and Operations interface.
Integration with Excel enables users to utilize spreadsheets to enter, update or delete demand forecasts from within the Finance and Operations interface. Users are also able to export account structures to Excel.
In F&O, users can update and change the period status for multiple company records simultaneously.
By connecting Finance and Operations, users will be able to generate robust, customizable financial and retail channel health reports from their Dynamics 365 data in just a few clicks.
New inquiry pages will enable users to get access to budgetary information more efficiently. Pages such as Budget control statistic summary, Budget register entries, and Budget plans allow users to find all budget maintenance and monitoring tasks in a single workspace.
Through the self-service vendor portal, users will be able to send purchase orders for approval, and let the vendor confirm or reject. Vendors will also be able to get an overview of all the confirmed purchase orders for their account through the portal, meaning less paperwork for your purchasing department, and fewer misunderstandings between customer and vendor.
First read the answer fully, then try to explain it in your own words. After that, open a few related questions and compare the concepts. This method helps you remember the topic for a longer time and improves exam preparation.