AI (Artificial Intelligence) and automation have become an integral part to most organizations, as it streamlines business operations including financial processes. Financial organizations can thrive through the adaptable finance solution like Microsoft Dynamics 365 Finance. As most financial decisions are based on financial data, data processing is of greatest importance in bringing successful outcomes. AI and automation functionality in Microsoft Dynamics 365 Finance enable your business to improve financial decision making through redefining transactions and data empowerment.
Microsoft Dynamics 365 Finance is embedded with a rich set of AI-powered capabilities that helps you improve financial processes by taking advantage of intelligent automation. Microsoft has embedded the AI and automation functionality with the focus on transforming financial tasks. In precise words, AI and automation bring significant changes in financial management, making your financial jobs error free, focused and accurate.
Intelligent automation optimizes your financial processes by taking over the manual work and mundane tasks. So, it helps to accelerate productivity, reduce operational costs, save time, enhance employee satisfaction and improve customer experience. When employees are not engaged with manual, mundane jobs, they have more time to focus on other critical tasks. Naturally, this helps to drive innovation.
When you intend to optimize your financial operations using intelligent automation and AI functionality in Dynamics 365 Finance, try to get the support from Microsoft Gold Certified Partners who are experts in Dynamics 365 Implementation. They will have industry expertise to deploy solutions based on business requirements and preferences. If your business is in the Middle East countries or Asian countries (Pakistan or India), rely on Microsoft Dynamics 365 Partners in UAE, Saudi Arabia, Kuwait, Qatar, Oman, Bahrain, Jordan, Pakistan, and India.
How can intelligent automation and AI help your business grow?
Intelligent automation and AI help you explore new opportunities. With intelligence, you can organize and use data in a consistent, accurate and efficient fashion. The integration of data and automation helps analyze your large volumes of unstructured data, automates financial operations and workflows while helping you make intelligent financial decisions. The analysis of unstructured data can help you discover opportunities. Besides these, there are many other benefits you get with intelligent automation and AI and it includes:
Provide superior experience to customers
Automaton reduces the employees focus on manual and mundane tasks. This enables them to deliver a superior experience to customers.
Reduce operational costs
It helps financial organizations to reduce costs associated to the challenges of compliance regulation and others.
Identifying risk cases
With proper analysis of unstructured financial data, it is easy to figure out the risk cases and potential issues. AI can assist in monitoring real-time activities, helping you make financial projections, create reports and more.
Identify fraudulent cases
AI protects you and your customers account against payment frauds, account takeover and other transaction frauds. With reliable protection, you can accelerate revenue and cut frauds.
Provide personalized banking
AI-powered apps assist customers by providing personalized services such as detecting spending habits, tracking of income, optimizing finance management plans and more.
The role of AI and automaton in Dynamics 365 Finance
The promise of AI and automation capability in Dynamics 365 Finance drive revenue and improves financial processes. Finance Insights provides AI and automation capability to Dynamics 365 Finance, helping organizations to project cash flow, forecast customer payments, identify future trends, reduce efforts on budgeting and simplify finance management.
Predict customer payments
The challenge that most financial organizations face is when will their customers make payment against invoices. The lack of information affects cash flow, collection processes, and payment orders. It would be great if you know when your customers will make the payment. Through customer payment insights you can know when they will pay. This stabilizes your cash flow and payment and improves overall financial health.
Intelligent cash flow solution
Cash flow is a deciding factor in maintaining financial stability. The cash flow forecasting feature in finance insights helps you keep track of cash balances. Cash flow capability leverages machine learning to forecast cash flows more precisely. With accurate cash forecasting, you can make meaningful financial decisions, effectively manage cash positions and boost overall cash management.
Organizations spend a lot of time and effort on preparing budget proposals. Finance teams spend most of their time on historical data to get a clear picture, a tedious and mind-numbing process. Intelligent budget proposal feature unites and evaluate years of historical data and develop a strong and precise budget proposal.
Finance insights drive automation and intelligence to make the finance process strong. It is truly a game changer, as it effectively infuses machine learning, AI and intelligent automation in three tools such as payment insights, cash flow forecasting and budgeting.
Experienced Microsoft Dynamics Partner can help you get the most of these transformational capabilities. So, to improve operational efficiency and finance management, get the assistance from leading Dynamics 365 Finance Partners in UAE, Saudi Arabia, Kuwait, Qatar, Oman, Bahrain, Jordan, Pakistan, and India.