MB-310 Finance

Module 1: Overview of Dynamics 365

Finance
Duration: 45 min

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 Overview of Dynamics 365 Finance Features and capabilities

Core components of Dynamics 365 Finance

Benefits of Dynamics 365 Finance

Agenda

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Lesson 1: Overview of Dynamics 365 Finance Features and capabilities

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 MODERNIZE
FINANCE

Centralize or distribute financial

management with embedded reporting
and financial analytics
1. Drive strategic financial 2. Thrive in a subscription-
decisions with AI based economy
Assess the health of your business, improve Accelerate financial growth with automated
financial controls, optimize cashflow, and recurring billing to easily adapt to new
make strategic decisions faster to drive revenue recognition standards, reduce risks,
growth with Al-driven predictive insights and accurately calculate and report your
into customer payments. financial statements.

Maximize financial
visibility and 3. Reduce global financial
complexity and risk
4. Innovate and adapt
Meet your specific business needs and

profitability Easily manage and comply with frequently

changing regulatory requirements by using
prepare for growth with a modern cloud
financial management solution that’s easy
to customize, integrates with your existing
no-code configuration service for regulatory
systems, and offers cloud or hybrid
and tax reports, e-invoices, and payments.
• Enable enterprises to monitor the performance of global deployment options.
financial operations in real time, predict future outcomes,
and make data-driven decisions to drive growth
Unify and automate your financial processes

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Reduce operational expenses

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Accelerate your business growth

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Decrease global financial complexity and risk

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Elevate your financial performance

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Office integration

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Lesson 2: Core components of Dynamics 365 Finance

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Core components of Dynamics 365 Finance
CHANNELS & CUSTOMERS EMPLOYEES BANKS & AGENCIES VENDORS
STAKEHOLDERS

SUPPLY CHAIN MANAGEMENT HUMAN RESOURCES

DYNAMICS 365 FINANCE

ACCOUNTS
RECEIVABLES CREDIT & COLLECTIONS REVENUE RECOGNITION CREDIT MANAGEMENT AI FOR FINANCE
MODERNIZE FINANCE

INTER-COMPANY & CONSOLIDATIONS

FINANCIAL PERIOD CLOSE

ANALYTICS & REPORTING

ACCOUNT MANAGEMENT

EXPENSE MANAGEMENT
INVOICING PAYMENTS & TERMS E-INVOICING

BUDGETING
ACCOUNTS
PAYABLE
POLICIES BROKERAGE

FIXED ASSETS
CHART OF ACCOUNTS JOURNAL MANAGEMENT CASH MANAGEMENT
FINANCIAL
MANAGEMENT NOMINAL LEDGER REGULATORY & COMPLIANCE BANK RECONCILIATION
(CFO, FM, BM)
ALERT SERVICE TAX MANAGEMENT CASH FLOW FORECASTING

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Dynamics 365 provides the foundation to optimize finance

Modernize finance Technology modernization

Centralize or distribute financial management with Effectively manage and operate your Dynamics 365
embedded reporting and financial analytics Finance implementation and governance with Lifecycle
Services
Optimize your team’s productivity with seamless, Become more agile using cloud services, enhancing
integrated processes and tasks and integrating processes across business functions
Elevate financial capabilities with intelligent processes Enable effective financial processes with unified data to
like proactive credit management, bank management, promote growth and competitiveness
revenue recognition, and more
Personalize your finance management requirements
Keep up with frequently changing regulatory
using tools like Power BI, PowerApps, Common Data
requirements with globalization and tax configuration,
Service, and Power Automate
e-invoicing, payment, and reporting formats

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 Centralize or distribute financial management with
embedded reporting and predictive financial
analytics

Optimize your team’s productivity with seamless,

integrated processes and tasks

Elevate financial capabilities with intelligent

processes like proactive
credit management, bank management, revenue
recognition, and more

Keep up with frequently changing regulatory

requirements with globalization and tax
configuration,
e-invoicing, payment, and
Modernize finance reporting formats
Lesson 2: Overview of financial management modules in Dynamics 365
Finance

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Financial management Overview – General ledger

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Financial management Overview – Accounts payable

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Financial management Overview – Accounts receivable

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General ledger Overview

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Financial period close workspace

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Cash and bank management

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Accounts payable

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Accounts receivable

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Credit and collections

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Budgeting

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Fixed assets

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Cost accounting

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Lesson 3: Benefits of Dynamics 365 Finance

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 Core

Foundational accounting Benefits

and finance

Dynamics 365 Finance • Centralized and global financial • Ensures complete transparency over
management solution running costs, receivables, and
liabilities plus budgets, forecasts and
• Accounts management (payable and receivable) • Robust financial intelligence and
cash flow
• Budgeting embedded analytics in real time
• Maintains legal entity’s bank accounts
• Cash and bank management • Role-based workspaces
and financial instruments
• Assets management • Intelligent automation, task
• Supports compliance with statutory
prioritization, and integration
• General ledger provisions and expansion into
• Automation for accounting, other localities
• Payment and terms
controlling, and budgeting workflows
• Financial reporting • Adjusts to changing global financial
• Extensive functionalities for effective requirements
• Cost accounting cash flow management
• Expense management
• Globalization
• Regional regulatory features
 Extended

Expanded reporting Benefits

and finance

Dynamics 365 Finance and Power BI • Actionable insights in real time using
business intelligence
• Credit Management • Predictive analytics that connects
• Financial reporting across systems

• Revenue recognition • Turns data into insightful

visualizations
• Cash flow forecasting to help make business decisions
• Power BI dashboards quickly and confidently
• Extends analytical workspaces
by integrating external data
with Power BI
 Advanced

Modern finance Benefits

• With Lifecycle Services, it’s easier to

Dynamics 365 Finance get support when you need it

• Lifecycle Services • Direct synchronization across

Dynamics 365 Finance Sales, and
• Integration with other Dynamics 365 solutions (Field Service, Project Service Automation
Project Service Automation, Talent, Commerce)
• PowerApps, Power BI, and Power
• Microsoft Power Platform, Common Data Service, and Power BI Automate enable you to customize,
• Business events, Power Automate, and LogicApps extend, and build the apps you need
for your business and unlock the
potential of Dynamics 365
• By embedding PowerApps in
Dynamics 365 Finance you can add
custom fields without writing code
Module Summary

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Summary
In this module you have learned:
Assess the health of your business, improve financial controls, optimize cashflow, and make strategic decisions faster to drive growth with Al-driven
1 predictive insights into customer payments.

2 Accelerate financial growth with automated recurring billing to easily adapt to new revenue recognition standards, reduce risks, and accurately
calculate and report your financial statements.

3 Easily manage and comply with frequently changing regulatory requirements by using no-code configuration service for regulatory and tax reports,
e-invoices, and payments

4 Meet your specific business needs and prepare for growth with a modern cloud financial management solution that’s easy to customize, integrates
with your existing systems, and offers cloud or hybrid deployment options..

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Test your knowledge

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© Copyright Microsoft Corporation. All rights reserved.