Dynamics 365 ERP Shoot off – Financial Management
How does Dynamics 365 Business Central compare to Dynamics 365 for Finance and Operations? And which one will fit my organisation best?
These are two questions we get asked on a daily basis, so we have created a guide and a series of article to help answer them. This article focuses on comparing the Financial Management capability.
When looking to Microsoft for a new ERP solution you are faced with two different options; Dynamics 365 for Finance and Operations and Dynamics 365 Business Central. Currently there is not a lot of information comparing the features of both solutions. In short Finance and Operations is the enterprise level solution and Business Central is more targeted to SMBs.
Financial management with Dynamics 365
When it comes to financial management both solutions are extremely capable and offer all of the functionality you need with a general ledger, budgeting, currency tools, expense management, fixed assets, bank reconciliation and more.
They both come embedded with insights and artificial intelligence to help you make better financial decisions and forecasts. You can customise the dashboards per job role to show the key pieces of information to each user every time they access the system. You can also easily build custom Power BI reports for more specific reporting requirements.
Dynamics 365 financial management
Dynamics 365 Business Central |
Dynamics 365 Finance & Operations |
|
| Auto Elimination Accounting | – | Available |
| Cashflow Forecasting | Available | |
| Consolidation | Available | Available |
| Budgeting | Available (Basic) | Available (Advanced) |
| Budget Control | – | Available |
| Fixed and Variable allocations | Available | Available |
| Ledger Allocations | – | Available |
| Fixed Assets | Available | Available |
| Cost Accounting | Available | Available |
| Multi-currency | Available | Available |
| Financial Dimensions | Available (Unlimited) | Available (Unlimited) |
| Multi-company | Available | Available |
| Multi-language | Available | Available |
| Bank Reconciliation | Available | Available |
| Electronic Funds Transfer | Available (via third party) | Available |
| Global Chart of Accounts | – | Available |
| Multiple Posting Layers | – | Available |
| Intercompany Postings and Consolidated Statements | Available (only within same country/ localisation) | Available |
| Project Accounting | – | Available |
| Embedded Power BI reports | Available | Available |
As you can see from the above the table, Finance and Operations is the enterprise level software and does offer more features for organisations looking to manage the finances of a complex and global organisation. These are the sort of organisations that Finance and Operations is designed for. Dynamics 365 Business Central provides all of the capability needed by mid-sized organisations, especially ones that have a limited international footprint.
To learn more about which solution would be best for you visit our Dynamics 365 Business Central and Dynamics 365 for Finance and Operations pages.