Describe finance and operations apps use cases
Why use finance and operations apps?
You're starting to realize the limitations of your current ERP system and are considering an upgrade to something new and modern. It might be time to replace your existing ERP system and implement new software like Dynamics 365 if you have:
Lack of capacity
Lack of insights
An existing system that is costly to operate
Lack of capacity
Problem: Your current system hasn't kept up with you as your company has grown and added more staff, clients, and business processes or entered new lines of business or markets.
Solution: An ERP solution allows your company to expand while the solution manages your company’s everyday business processes.
Lack of insights
Problem: Even though ERP software offers real-time visibility of your entire business, and insights into the industry landscape, your company still uses software that works independently from other systems. This can lead to different departments working in silos.
Solution: Finance and operations apps offer data analytics and business insights by connecting all the disparate systems together and provides a win-win solution by offering productivity, growth, and a competitive edge.
An existing system that is costly to operate
Problem: You pay a lot to operate your current ERP deployment. You may not know the pros and cons that come with each deployment option, whether it's on-premises, in the cloud, or a hosted ERP solution.
Solution: It may be time for an even closer look to decide if you should move to the cloud, keep things on-premises, or invest in a combination of both.
Discover what a modern ERP system can offer
Dynamics 365 scales with your business as you expand into other markets and helps keep client and company data secure. Additionally, it extends your everyday processes as you grow.
The resource planning tools that Dynamics 365 applications offer can help you:
Increase productivity.
Get control of financial management.
Help with human resources management.
Streamline project management needs.
Improve supply chain and operations management.
Make better decisions by using business intelligence and artificial intelligence (AI).
Cloud vs. on-premises implementation of finance and operations apps
You can deploy finance and operations apps in the cloud or on-premises. Cloud deployments offer an ERP service that is fully managed by Microsoft, while on-premises deployments are deployed locally within a customer's datacenter.
The following table provides a comparison of the capabilities provided by the two deployment options.
| Capability | Cloud | On-premises |
|---|---|---|
| Infrastructure and data location | - Cloud service managed by Microsoft - Datacenters managed by Microsoft |
- Infrastructure managed by customer or partner - Disconnected datacenter - Local data residency |
| Data trustee | - Microsoft | - Customer |
| Application lifecycle management (ALM) | - Managed by Microsoft - Customer access ALM and telemetry using Dynamics 365 Lifecycle Services |
- Managed by customer or partner with cloud-based ALM and telemetry using Lifecycle Services |
| Cloud capabilities | - High availability and disaster recovery included | - High availability and disaster recovery managed by customer or partner |