Financial Management

Financial Management has always been the core of a business’ supply and demand chain. Managing cash flow and risk strategy is a meticulous yet a key factor in determining the longevity of a business. Success in this area is determined by the consistency of well-managed funds and the established integrity of protecting the client interest. With the rapid expansion of global markets, the future of finance management also adapts with this big change.


New with activity-based Workspaces provide finance professionals with task specific experience, including a new user task guide, and integration with O365 productivity and collaboration applications.

General ledger

Financial accounting with flexible configuration options for setup and maintenance of general ledger. Share data such as chart of accounts or currency exchange rates across multiple legal entities. Flexible journal entry for all account types. Gain insight and reduce data entry errors by using unlimited financial dimensions, self-balancing dimensions, and advanced account structures and rules. Support of period-end allocation, elimination, and consolidation.

Budget planning and control

Manage your organization’s budget, including flexible configuration options, instant calculation of available budget funds, pooling of budgets, and budget workflows for review and approval. Configurable budget planning supporting a flexible chart of accounts and dimensions, custom- defined process configurations, workflows, and the use of Microsoft Excel to estimate costs, create scenarios and create a budget plan worksheet for Microsoft Excel using the wizard in Microsoft Dynamics AX. Automatically route the budget plans together with worksheets, justifications, and attachments for reviews and approvals. Enforce legal appropriation compliance and simultaneously allow lower-level departmental budgets with multiple, variable, and hierarchical level budgetary controls. Offer summary/total dimensions when you analyze and update budget plans by using multiple scenarios.

Business intelligence

The new Microsoft Dynamics AX enables you to visualize and get immediate insights from your data by seamless integration with Power BI. It enables you to find, sort, visualize, and use information easily with an intuitive user interface and in the context of your work.

Cash and bank management

Manage and easily obtain the financial information required to track bank accounts. Track payments and deposits efficiently with electronic payment files and support for payment types, including checks, bills of exchange, promissory notes, letters of guarantee, and letter of credit. Reconcile recorded transactions to the company’s bank statement. Enable review process controls to ensure accuracy and control of processes.

Inter-company accounting and
shared services support

Book transactions across subsidiaries and the parent company. Consolidate financial records. Support shared services in organizations with multiple legal entities by using centralized processing of customer and vendor payments.

Accounts payable

Manage vendors; record, match, and pay invoices; allocate charges; pay expenses, commissions, and salaries. Automatically create payment proposals or record vendor prepayments. Support for electronic payment files or check printing. Use policies, workflow, and budget controls to ensure accuracy and control of processes. Offer vendors access to relevant information through the vendor portal.

Fixed assets

Manage the full accounting lifecycle of assets from acquisition to depreciation and transfer/disposition. Easily set up, maintain, and track the valuation of fixed assets. Track multiple valuations for the same fixed asset by using different depreciation methods and conventions. Record forecast in a fixed budget journal. Use workflow and budget controls to ensure accuracy and control of the process.

Environmental sustainability

Book transactions across subsidiaries and the parent company. Consolidate financial records. Support shared services in organizations with multiple legal entities by using centralized processing of customer and vendor payments.

Accounts receivable

Manage customers and invoicing; track invoices, terms, and discounts. Support for a variety of payment and credit notes needs, including credit card processing using electronic payment, processing using standard banking formats, settlement priority for automatic settlements, flexible payment terms, deposit slip integration, post-dated checks, and bill of exchange processing. Manage collection efforts with tools that help interact with customers, document collections activities, and take action when needed such as interest notes and write-off functionality.

Cost accounting

Record, track, and analyze costs associated with products or activities. Evaluate inventory by standard cost or actual cost, cost flow assumptions, weighted average, FIFO, LIFO, or moving average. Get insight by predefined reports or BI-Cube containing measurements and KPIs.

Compliance and internal

Help ensure compliance with laws, regulations, policies, and business rules. Manage the implementation and execution of internal controls with the Compliance Center. Create documentation for processes, tasks, and activities automatically with the build in task recorder. Ensure that organizational processes are consistently followed by creating policies. Workflow helps organizations to perform more processes faster and more consistently. Actively monitor data changes with alerts. Get approval information for user-defined compliance control processes electronically with electronic signatures. Database Logging and Audit Trail makes it possible to track, trace, and report changes to Microsoft Dynamics AX data fields and tables that are relevant to your compliance strategy. Microsoft Dynamics AX supports segregation of duties. Improve employee compliance awareness and training by publishing practices and standard operating procedures and making them available within the organization.

Financial reporting

Financial statements enable a custom reporting structure and mapping of ledger accounts or dimensions to the reporting structures. Financial reports, to comply with legal requirements and international accounting standards, include balance sheet, income statement, and cash flow statement. Financial statements are compatible with Extensible Business Reporting Language (XBRL).

Create boardroom-quality financial statements and reports without IT assistance, consolidate across both Microsoft Dynamics ERP and other general ledgers, and take advantage of secure report distribution and storage using Management Reporter. Collaborate on financial reports using the Web-based report viewer. Management Reporter is currently translated for use in Australia, Austria, Belgium, Canada, Denmark, France, Germany, India, Ireland, Italy, Malaysia, Mexico, Netherlands, New Zealand, Peoples Republic of China, Russia, Singapore, South Africa, Spain, Switzerland, United Kingdom, and United States.

In addition, gain insight into the organization’s financials using transactional reports (retrieve data from the transaction processing database), analytical reports (retrieve data from Microsoft SQL Server® Analysis Services cubes), and key performance indicators (KPIs). Examples of predefined cubes for the financial domain are accounts payable, accounts receivable, environmental sustainability, and general ledger.

Global organizations can have complex consolidation scenarios. Often legal entities that need to be consolidated have different chart of accounts and fiscal periods. The consolidation process in Management Reporter, which is now part of the Microsoft Dynamics AX installation, supports these scenarios without the need for an elimination company.

Country-specific capabilities

Supports multiple currencies, as well as country-specific capabilities to help organizations meet local and regional financial regulations (such as value-added tax (VAT) requirements) and market requirements (such as electronic banking) in 36 countries (see Product Availability Guide for more information).