Microsoft Dynamics 365 for Finance and Operations

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Microsoft Dynamics 365 for Finance and Operations
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Course Overview

Introduction

Microsoft Dynamics 365 for Finance & Operations is a small business management solution that Whole your view of worldwide economic & business operations, automates & streamlines business tactics, & helps you manipulate your corporation & make speedy, informed choices. Finance & Operations assist companies to adapt quickly to changing market needs & force fast commercial enterprise boom.

BESTWAY Technologies offers MS Dynamics 365 Finance and Operations Training in Hyderabad. We also provide Microsoft Dynamics 356 Cloud Training all Over World. Microsoft Dynamics Finance and Operations is one of Microsoft’s enterprise resource planning software products & solutions.

Our Training Institute main goal is to prove self is proficiency to master AX tools with systemized data management relevant to Financials, Supply Chain Management, Logistics, Production, & Manufacturing. BESTWAY Technologies is one of the best training institutes to provide Finance and Operations, CRM, HCM, SCM and Technical software applications Courses & also provide Guidance on Microsoft Dynamics Certification.

Microsoft Dynamics 365 for Finance and Operations Online Training in Hyderabad

Microsoft Dynamics 365 for Finance and Operations is an enterprise resource planning (ERP) solution that helps organizations manage their financials, supply chain, manufacturing, and other operational processes. It is part of the broader suite of Microsoft Dynamics 365 business applications.

Key Features and Capabilities:

  1. Financial Management: Dynamics 365 for Finance and Operations provides comprehensive financial management capabilities, including general ledger, accounts payable and receivable, budgeting, cash flow management, fixed assets, and financial reporting. It enables organizations to streamline financial processes, automate transactions, and gain real-time visibility into their financial performance.

  2. Supply Chain Management: The solution offers end-to-end supply chain management functionality, including inventory management, procurement, sales order management, demand forecasting, and production planning. It helps organizations optimize their supply chain operations, improve inventory accuracy, reduce costs, and enhance customer satisfaction.

  3. Manufacturing: Dynamics 365 for Finance and Operations includes robust manufacturing capabilities, such as production planning, scheduling, shop floor control, and product lifecycle management. It enables organizations to manage complex manufacturing processes, optimize resource utilization, track work orders, and ensure efficient production execution.

  4. Project Management: The solution provides project management features to manage projects, track budgets, monitor progress, and collaborate with project teams. It allows organizations to effectively plan and execute projects, allocate resources, and track project costs and profitability.

  5. Business Intelligence and Reporting: Dynamics 365 for Finance and Operations offers built-in business intelligence and reporting capabilities. It provides real-time dashboards, customizable reports, and analytics tools to gain insights into key performance indicators (KPIs), monitor financial and operational metrics, and make data-driven decisions.

  6. Integration with Other Systems: Dynamics 365 for Finance and Operations seamlessly integrates with other Microsoft products and services, including Office 365, Power Platform, Azure services, and other Dynamics 365 applications. It allows organizations to leverage existing Microsoft investments and create end-to-end business solutions.

  7. Cloud-Based Deployment: Dynamics 365 for Finance and Operations is a cloud-based solution, which offers scalability, flexibility, and reduced infrastructure management overhead. It provides automatic updates and ensures data security and compliance with Microsoft's robust cloud infrastructure.

Dynamics 365 for Finance and Operations helps organizations streamline their business processes, improve operational efficiency, and gain real-time insights for informed decision-making. It caters to a wide range of industries, including manufacturing, retail, distribution, professional services, and more.

Why use Dynamics 365 Finance and Operations?

 

Dynamics 365 Finance and Operations is a comprehensive cloud-based enterprise resource planning (ERP) solution offered by Microsoft. It is designed to streamline and optimize financial and operational processes, making it an ideal choice for businesses of all sizes. Here are some key reasons why organizations use Dynamics 365 Finance and Operations:

  1. Unified Platform: Dynamics 365 Finance and Operations provides a unified platform that integrates financial management, supply chain management, sales, and human resources, enabling seamless collaboration across different departments.

  2. Scalability: The solution is scalable and can easily accommodate the growing needs of businesses, whether they are small startups or large enterprises.

  3. Real-Time Insights: With built-in analytics and reporting capabilities, users gain real-time insights into their financial performance and operations, empowering data-driven decision-making.

  4. Cloud-Based: Being a cloud-based solution, it offers the benefits of flexibility, accessibility, and automatic updates, eliminating the need for on-premises infrastructure.

  5. Business Process Automation: The platform automates various business processes, such as invoicing, procurement, and inventory management, improving efficiency and reducing manual errors.

What is the difference between Dynamics 365 for Finance and Operations and AX?

 

Dynamics 365 for Finance and Operations and AX (Axapta) are both enterprise resource planning (ERP) solutions offered by Microsoft. The main difference between them lies in their branding and deployment model.

Dynamics 365 for Finance and Operations:

  • Dynamics 365 for Finance and Operations is the newer version of the ERP system and is part of the broader Dynamics 365 suite of business applications.
  • It is a cloud-based solution, which means it is hosted and managed on the Microsoft Azure cloud platform.
  • Dynamics 365 for Finance and Operations is designed to provide a modern and unified user experience, integrating financial management, supply chain management, human resources, and other business functions.
  • The cloud-based nature of this version offers benefits like automatic updates, scalability, and accessibility from anywhere with internet connectivity.

AX (Axapta):

  • AX, also known as Axapta, was the previous on-premises version of the ERP system, and it existed before the introduction of the Dynamics 365 suite.
  • AX was traditionally deployed on-premises, which means the customer's IT infrastructure was responsible for hosting and maintaining the system.
  • Like Dynamics 365 for Finance and Operations, AX also offered comprehensive features for financial management, supply chain management, and other business processes.
  • Since AX was on-premises, updates and maintenance required more effort from the customer's IT team.

In essence, the main difference between Dynamics 365 for Finance and Operations and AX lies in their deployment models and branding. Dynamics 365 for Finance and Operations is the cloud-based, modernized version, while AX is the previous on-premises version. Both solutions are powerful ERP systems designed to help businesses optimize their operations and streamline their processes. The decision to choose one over the other often depends on the organization's preference for cloud-based solutions, scalability, and ease of updates versus an on-premises deployment.

What is the difference between Dynamics 365 Finance and SAP S4 Finance?

 

Dynamics 365 Finance and SAP S/4HANA Finance (previously known as SAP Simple Finance) are both enterprise resource planning (ERP) solutions designed to streamline financial management and operations. Here are some key differences between the two:

  1. Vendor and Platform:
  • Dynamics 365 Finance is developed by Microsoft and is part of the broader Dynamics 365 suite of business applications. It is a cloud-based solution hosted on Microsoft Azure.
  • SAP S/4HANA Finance is developed by SAP, a German multinational software company. It is part of the SAP S/4HANA suite and is available as both an on-premises and cloud-based solution.
  1. Deployment Model:
  • Dynamics 365 Finance is primarily a cloud-based solution, offering benefits like automatic updates, scalability, and accessibility from anywhere with internet connectivity.
  • SAP S/4HANA Finance offers both on-premises and cloud-based deployment options, giving customers the flexibility to choose the deployment model that best suits their needs and preferences.
  1. User Experience:
  • Dynamics 365 Finance provides a modern and user-friendly interface with a unified user experience across the entire Dynamics 365 suite. It emphasizes ease of use and seamless integration with other Microsoft products.
  • SAP S/4HANA Finance offers a streamlined and simplified user experience with the use of SAP Fiori, a user interface that provides a consistent and intuitive experience across devices.
  1. Database Technology:
  • Dynamics 365 Finance uses Microsoft's SQL Server as its underlying database management system.
  • SAP S/4HANA Finance runs on SAP's in-memory database technology called SAP HANA. This enables real-time data processing and analytics, offering improved performance and insights.
  1. Integration and Ecosystem:
  • Dynamics 365 Finance seamlessly integrates with other Microsoft products, such as Office 365 and Power BI, allowing for a more cohesive and connected business environment.
  • SAP S/4HANA Finance integrates well with other SAP products and solutions, enabling a comprehensive suite of ERP and business management functionalities within the SAP ecosystem.
  1. Functionalities and Industry Focus:
  • Both solutions offer robust financial management capabilities, including general ledger, accounts payable, accounts receivable, and financial reporting.
  • SAP S/4HANA Finance, as part of the broader SAP S/4HANA suite, has a strong focus on industry-specific functionalities, catering to a wide range of industries and verticals.

In summary, Dynamics 365 Finance and SAP S/4HANA Finance are both powerful ERP solutions for financial management. The choice between them often depends on factors such as deployment preferences (cloud vs. on-premises), integration needs, user experience, and industry-specific requirements. Organizations should evaluate their business needs and consider the features and benefits of each solution to make an informed decision.

Course Curriculum

Microsoft Dynamics 365 for Finance and Operations Syllabus

 

CHAPTER 1: General Ledger

  • MSD GL 1: Legal Entity creation (Company Creation)
  • MSD GL 2: Financial dimensions setup
  • MSD GL 3: Navigate the General Ledger Workspace
  • MSD GL4 : Set up Currencies & Exchange Rates
  • MSD GL5: Enable Exchange Rate Providers
  • MSD GL 6: Import Exchange Rates
  • MSD GL7 : Set up Periods & Fiscal Years
  • MSD GL8 : Organization Hierarchy
  • MSD GL9: Ledger setup
  • MSD GL 10: Chart of Accounts
  • MSD GL11 :Accounts structure setup
  • MSD GL12: Advanced rule structure setup
  • MSD GL13: Currency & Exchange Rate Setup
  • MSD GL14: Periods & Fiscal Year Setup
  • MSD GL15: Date Intervals
  • MSD GL16: Journal setup
  • MSD GL17: Journals with workflow approval
  • MSD GL18 :Journal workflow
  • MSD GL19: Review General Ledger Parameters
  • MSD GL20 :Discuss Journal Controls
  • MSD GL21 :Posting Restrictions
  • MSD GL22: Set up Balance Control Accounts
  • MSD GL23 : Review Inquiries & Reports
  • MSD GL24: Review the entry process for General Journals
  • MSD GL25 : Create Journals Names
  • MSD GL26 : Review the entry & posting of General Journals
  • MSD GL27: Complete posting Global General Ledger Journals
  • MSD GL28: Review posting multiple journals
  • MSD GL29 : Discuss ledger accruals
  • MSD GL 30: Review posting intercompany transactions
  • MSD GL 31: Review setup for intercompany accounting
  • MSD GL 32: Post an intercompany transaction
  • MSD GL 32: Trace intercompany transactions
  • MSD GL33: Set up fiscal year-end close parameters
  • MSD GL34: Create a new fiscal year
  • MS D GL35: Control transactions in a closing period
  • MSD GL36: Hold or close a period
  • MSD GL37 : Create year-end adjustments
  • MSD GL38: Transfer opening balances to the new year
  • MSD GL39: Describe what consolidation is Review Eliminations
  • MSD GL40 : General consolidation considerations
  • MSD GL 41: Complete a consolidation
  • MSD GL42 : Foreign currency considerations

 

CHAPTER 2: Financial statements

  • Financial Statement Row Definition
  • Financial Statement Column Definition
  • Generation of Financial Statement

 

CHAPTER 3: Accounts Payable

  • AP1: Set up Payment Schedules
  • AP2:Set up Terms of Payment
  • AP3:Payment Days
  • AP4:Create Cash Discount Codes
  • AP5:Create Payment Fee
  • AP6: Methods of Payment
  • AP7: Accounts Payable Posting Profiles
  • AP8: Create Vendor Groups
  • AP9: Create a Vendor
  • AP9: Review Vendor details applicable to Finance
  • AP10: Create a Vendor Invoice Manually
  • AP11: Enter Transactions Using Invoice Journal & purchase orders
  • AP12: PO Prepayments & settlement of prepayments
  • AP13: Settlement process
  • AP14: Payment journal process
  • AP15: Reversal of transactions
  • AP16 Intercompany orders

 

CHAPTER 4: Accounts Receivable

  • AR1 : Payment Schedule
  • AR 2: Set up Terms of Payment
  • AR3 : Payment Days
  • AR 4: Create Cash Discount Codes
  • AR 5: Payment Fee
  • AR6: Methods of Payment
  • AR7: Review Accounts Receivable Parameters
  • AR8: Accounts Receivable Posting Profiles
  • AR9 : Customer Groups & Customers
  • AR10 : Enter Transactions Using Invoice Journal & Sales Orders
  • AR 11: SO Prepayments & settlement of SO with prepayments
  • AR 12: Settlement process
  • AR13: Payment journal process
  • AR 14: Reversal of transactions
  • AR15 : Intercompany orders
  • AR1 6: Set up Customer Posting Profiles
  • AR17:  Create Customer Groups
  • AR 18: Create a Customer
  • AR19: Review Customer details applicable to Finance
  • AR20: Create Free Text Invoices
  • AR21: Recurring Free Text Invoices
  • AR 22: Correct a Free Text Invoice
  • AR23: Review the Customer Invoicing Workspace
  • AR24: Review customer statements
  • AR25: Review Aging Periods
  • AR 26: Review Customer Payment Setup

 

CHAPTER 5: Bank Configuration

  • Bank Transaction Types
  • Bank Transaction Groups
  • Bank Groups
  • Bank Accounts
  • Bank Management Parameters
  • Check Setup
  • Checks, electronic fund transfers, and other bank transactions are entered.
  • Bank Reconciliation Statement

CHAPTER 6: Fixed Assets

  • FA1: complete configuration of journal names and settings for fixed assets
  • FA 2: Create fixed asset books
  • FA 3: Create fixed asset groups
  • FA4: Set up fixed asset calendars
  • FA5: Create assets
  • FA6: Full setup for fixed asset depreciation using depreciation techniques
  • FA 7: Set up depreciation profiles
  • FA 8: Review Lending Assets
  • FA9: Change Fixed Asset Groups and Copy Fixed Assets
  • FA 10: Review Fixed Assets Additions
  • FA11 : Review Fixed Assets Inquiries & Reports
  • FA12 : Fixed Assets Replacement Cost & Insured Value Update
  • FA13 : Review & demonstrate fixed asset transactions
  • FA14: Take fixed assets out of the fixed asset journal.
  • FA 15: Acquire fixed assets from purchase orders
  • FA16: Acquire fixed assets from inventory
  • FA 17: Review the integration with the projects’ module
  • FA18: Manually depreciate a fixed asset
  • FA 19: To depreciate a fixed asset, use a depreciation proposal.

 

Faq’s

  • There is no specific technology background required.
Our Trainers have highly experience in Microsoft Dynamics 365 for Finance and Operations in Support, Implementation, and Rollout projects real-time solutions on different scenarios and experts in their professionals. BESTWAY Technologies verifies their technical background and experience.
We record each Microsoft Dynamics 365 for Finance and Operations live class session you undergo through this training and we will share the recordings of each class.

Yes, we will schedule Microsoft Dynamics 365 for Finance and Operations demo class at the student's convenient time by sharing live online streaming access either through Gotomeeting or Webex...

Microsoft Dynamics 365 for Finance and Operations trainer will provide detailed installation of required Software through Environment/Server Access to the students and we ensure practical real-time experience and training by providing all the utilities required for the in-depth understanding of the course. 

If you are enrolled in classes and you have paid fees, but want to cancel the registration for a certain reason, it can be done within 48 hours of initial registration. Please make a note that refunds will be processed within 25 days of prior request.

We are one of the best Microsoft Dynamics 365 for Finance and Operations online training providers in the world, We have to learn Microsoft Dynamics 365 customers from India, China, the USA, Malaysia, Singapore, France, Canada, UK, Ireland, Spain, UAE, Italy, Australia, Turkey, Sweden, New Zealand, Germany, Qatar, South Africa, Russian Federation, Saudi Arabia, Mexico, Denmark and other parts of the world. We are located in India. Offering Online Training in Cities like Hyderabad, Bangalore, Vijayawada, Delhi, Visakhapatnam, Mumbai, Ahmedabad, Chennai, Jaipur,  Pune, Kolkata, Agra, Patna, Lucknow, Kochi, Indore, Chandigarh, Bhopal, SÅ«rat, Kanpur, Coimbatore, Vadodara, Gurgaon, Guwahati, Ludhiana, Allahabad, Nagpur, Noida, Mysore, Ranchi, Bhubaneswar, Faridabad, Raipur, Vijayawada, Jamshedpur, Hubli, Tirupati, Guntur, Kakinada, Rajahmundry, Nellore, Anantapur, Eluru, Warangal, Secunderabad, Salem, Trivandrum, kerala, Hubli, Bellary, Gulbarga, Hospet, Tumkur, Thane, Navi Mumbai, Kalyan, Nashik, Aurangabad, Solapur, Gandhinagar, Pattaya, Phuket, Thailand, Taipei, Taiwan, Shenzhen, Hong Kong, Macau, Guangzhou, China, Tokyo, Yokohama, Nagoya, Fukuoka, Kobe, Copenhagen, Beijing, Osaka, Kyoto, Nairobi Kenya, Mombasa, Kisumu, Lagos Nigeria, Ibadan, Abuja, Benin, Sydney, New York, New jersey, Melbourne, Dallas, Adelaide, Perth, Brisbane, London, Paris, Berlin, Vienna, Barcelona, Rome, Madrid, Prague, Czech Republic, Shanghai, Seoul, South Korea, Hungary, Dhaka, Cairo, Mexico City, Sao Paulo,  Amsterdam, Netherlands, Munich, Milan, Bucharest, Istanbul, Moscow, Birmingham, Seattle, Baltimore, San Jose, San Marcos, Franklin, Chicago, Philadelphia, Jacksonville, Towson, Minneapolis, Los Angeles, Davidson, Murfreesboro, Houston, San Francisco, Tacoma, California, Atlanta, Alexandria, San Diego, Washington DC, Sunnyvale, Santa Clara, Carlsbad, St. Louis, Edison, Raleigh, Nashville, Bellevue, Austin, Charlotte, Garland, Raleigh-Cary, Boston, Salt Lake City, Orlando, Fort Lauderdale, Miami, Gilbert, Tempe, Chandler, Scottsdale, Peoria, Honolulu, Columbus, Plano, Toronto, Montreal, Calgary, Edmonton, Saint John, Vancouver, Richmond, Mississauga, Saskatoon, Kingston, Kelowna, Cape Town, Johannesburg, Durban, Mecca, Saudi Arabia, Dubbai, Abu Dhabi , Sharjah, Riyadh, Jeddah, Sanaa, Istanbul, Antalya, Turkey, Bangkok, Thailand, Aden, Yemen, Muscat Oman, Kuwait, Doha, Brisbane, Wellington, Auckland, Kuala Lumpur, George Town, Jurong East etc… Hyderabad - Ameerpet, SR Nagar, KPHB, Gachibowli, Dilsukhnagar, Madhapur, Tarnaka, Kukatpally, Himayat Nagar, Bangalore - Banashankari, Bannerghatta Road, Basaveswara Nagar, BTM Layout, Domlur, Electronic city, H S R Layout, Indira Nagar, J P Nagar, Jaya Nagar, K R Puram, Koramangala, Krishnarajapuram, Madivala, Malleswaram, Marathahalli, Mathikere, R T Nagar, Rajaji Nagar, Ramamurthy Nagar, Richmond Road, Shivaji Nagar, Vijaya Nagar, White Field

Yes, there are some group discount available if group contain more than two.

 

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Reviews

Microsoft Dynamics 365 for Finance and Operations Rated 5.0 based on 3 reviews.

By: Diwakar, Rating:
I’ve been working as a trainer since couple of years. I provide training on Microsoft Dynamics 365 Finance and Operations. The interesting factor about BESTWAY Technologies is, It mainly focuses on the Candidate’s thoughts not the business. Based on the candidate requirement, we plan for the training along with real time projects. We cover all the concepts along with real time examples. Each session would be of 75% Practical and 25% Theoretical. We do help the candidate in placements along with certification once the training is completed. Will assist in preparing for interviews along with real time interview questions. If you want to be a pro in technology or If you are looking for a Job , BESTWAY is the right place.

By: Divya, Rating:
Thanks to BESTWAY Technologies. one of the best Microsoft Dynamics 365 for Finance and Operations training institute in Hyderabad, Ameerpet location. I enquired about Microsoft Dynamics 365 Finance training in BESTWAY. and i would strongly recommend to join this Institute, if you really want to learn Microsoft Dynamics 365 Finance online training. As compared to other institute the concept are really helpful in real time and which is very easy to understand. All the instructors are really having vast knowledge. This Institute is really helpful for career growth and to increase our technical knowledge background. So keep joining to learn more. Thank you.....

By: Prakash Reddy, Rating:
My experience with Bestway Technologies' Dynamics 365 Finance and Operations online training in Hyderabad, guided by Mr. Diwakar, was exceptional. Mr. Diwakar, an industry expert, brought practical insights that were invaluable. His teaching style and depth of knowledge made complex Dynamics 365 concepts easy to grasp. The course content was comprehensive, covering every aspect extensively. I left the course with confidence in my Dynamics 365 skills. I highly recommend Bestway Technologies and Mr. Diwakar for top-tier Dynamics 365 Finance and Operations training.

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