Gain Control, Reduce Risk, Grow Smarter
We help CFOs and finance leaders solve slow close cycles and limited financial visibility by deploying AI-powered Dynamics 365 Finance with predictive insight and automated controls, resulting in faster reporting, stronger compliance, and confident decision-making at enterprise scale.
Explore the Powerful Features of Dynamics 365 Finance
Upgrading to Dynamics 365 Finance can drive substantial cost savings and operational efficiency.
A Forrester Consulting study reports that organizations saved $3.41 million over three years, including $2.3 million from improved finance team productivity,
$400,000 in IT efficiency gains, and $3.5 million by eliminating legacy systems—resulting in a 122% return on investment.
Financial Strategy and Analysis
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Lack of visibility and slow, manual planning processes make it difficult to adapt and make confident financial decisions. Gain real-time insight into performance with connected planning, budgeting, and forecasting tools that improve accuracy, speed up analysis, and help you respond quickly with data-driven decisions.
Swift Accounting and Close Processes
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Manual processes and disconnected systems slow down your close and increase the risk of errors. Automate accounting tasks, centralize your data, and streamline reporting to close faster, improve accuracy, and give your team timely financial insights with less effort.
Integrated Tax Solutions
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Managing tax requirements across jurisdictions can be complex, time-consuming, and prone to errors. Centralize your tax data and automate calculations to ensure accurate reporting, simplify compliance, and reduce the effort required to manage changing regulations.
AI-Driven Billing and Collections
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Inefficient billing processes and reactive collections can delay cash flow and increase outstanding balances. Automate billing, improve visibility into receivables, and prioritize collections with intelligent insights to accelerate payments, reduce risk, and strengthen your quote-to-cash process.
Predictive Liquidity Management
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Limited visibility into cash flow makes it difficult to plan ahead and respond to changing financial conditions. Gain accurate, forward-looking cash flow insights with predictive analytics that help you optimize liquidity, reduce risk, and make more confident financial decisions.
Data-Driven Performance Insights
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Limited visibility into financial and operational performance makes it difficult to identify trends and act quickly. Bring your data together to deliver real-time insights, enable self-service reporting, and empower your team to make faster, more informed decisions that drive better business outcomes.
Adapt to Changing Business Demands
Improve Decision-Making Abilities
Forecast Cash Flows Accurately
Unpredictable cash flow and limited visibility into trends make it difficult to plan with confidence. Monitor cash flow in real time and use intelligent forecasting to identify patterns, anticipate changes, and make more informed financial decisions that support stability and growth.
Predict Customer Payment Behavior
Uncertainty around when customers will pay can disrupt cash flow and increase write-offs. Use predictive insights to anticipate payment behavior, prioritize collections, and manage receivables more effectively to improve margins and financial stability.
Simplify Budget Proposals
Manual budgeting processes are time-consuming and often lead to inaccurate or outdated plans. Use historical data and intelligent recommendations to quickly generate more accurate budget proposals, reduce manual effort, and improve planning confidence across your organization.
Accelerate Financial Close
Managing multiple entities, currencies, and regulatory requirements can slow down your financial close and increase complexity. Centralize financial operations in a single system to streamline consolidation, improve accuracy, and close faster with greater confidence across your organization.
Unlock Analytical Insights
Limited access to timely, reliable data makes it hard to identify trends and optimize performance. Equip your team with easy-to-use reporting and dashboards that deliver clear, actionable insights, helping you make smarter decisions and improve operational efficiency.
Operational Automation
Streamline Invoice Processing
Manual invoice handling is time-consuming, error-prone, and slows down your financial workflows. Automate invoice capture and processing to reduce costs, improve accuracy, and accelerate approvals, so your team can focus on higher-value work.
Manage Credit Risk and Collections Efficiently
Inconsistent credit policies and reactive collections lead to late payments and increased financial risk. Use intelligent automation to assess credit risk, prioritize collections, and improve on-time payments, helping you strengthen cash flow and reduce manual effort.
Consolidate Business Intelligence
Data spread across multiple systems makes it difficult to get a clear, consistent view of your business. Bring your data together into a single source of truth to improve visibility, enable more reliable insights, and support faster, more confident decision-making across your organization.
Boost Growth, Reduce Expenses
Accelerate Business Expansion
Expanding into new markets or launching new entities can be slow, complex, and costly to set up and standardize. Quickly onboard new subsidiaries and products with repeatable structures that reduce setup time, control costs, and ensure consistency across your organization as you grow.
Optimize Subscription Billing
Complex pricing models and manual billing processes make it difficult to scale and maintain accuracy. Streamline subscription billing with automated workflows and flexible pricing management to improve accuracy, reduce administrative effort, and gain better visibility into recurring revenue.
Boost Workforce Productivity
Repetitive tasks and disconnected tools can slow down your team and take focus away from higher-value work. Automate routine activities and provide role-based workspaces integrated with Microsoft 365 to help employees work more efficiently, stay focused, and get more done each day.
Expand Your Reach Worldwide
Simplify Regulatory Compliance
Keeping up with evolving global regulations, tax requirements, and reporting standards can be complex and time-consuming. Streamline compliance with guided structures and automated processes that simplify tax, invoicing, reporting, and payments, helping you stay compliant while reducing risk and administrative effort.
Achieve Global Compliance
Navigating varying regulations across countries and regions can slow expansion and increase compliance risk. Support global operations with solutions tailored to local requirements, helping you meet regulatory standards more easily, reduce complexity, and scale with confidence across new markets.
Minimize Customization Needs
Heavy customization can increase costs, slow down changes, and make systems harder to maintain. Use flexible, pre-built templates to adapt business documents quickly, reduce reliance on custom code, and keep your operations agile as your needs evolve.
Promote Sustainability
Limited visibility into environmental and operational impact makes it difficult to track progress and meet sustainability goals. Monitor key metrics, gain insight into ESG performance, and take action to reduce your footprint while aligning sustainability efforts with business objectives.
Ensure Tax Compliance
Keeping up with changing tax laws and complex calculation rules can lead to errors and compliance risk. Automate tax determination and calculations with flexible, configurable tools that help ensure accuracy, reduce manual effort, and keep your organization aligned with local regulations.
AI That Powers Financial Precision
Financial Management Capabilities
- Manages the core financial records of the organization, including chart of accounts, financial periods, and multi-currency support.
- Handles vendor relationships, purchase order processing, invoice matching, and payment processing.
- Manages customer accounts, sales orders, invoicing, credit and collections, and payment reconciliation.
- Oversees bank accounts, cash flow forecasting, electronic banking, and bank statement reconciliation.
- Tracks asset acquisition, depreciation, transfer, disposal, and revaluation.
- Facilitates budget planning, control, multi-year tracking, and forecasting.
- Generates financial statements, provides real-time insights, and ensures regulatory compliance.
- Supports automated financial consolidations to streamline month-end and year-end processes.
- Ensures a fast and agile financial close process to improve operational efficiency.
Project Management Accounting Capabilities
- Supports project creation, resource allocation, budgeting, and scheduling.
- Manages timesheets, expenses, procurement, and project progress tracking.
- Handles various billing methods and ensures compliance with revenue recognition standards.
- Tracks project costs, profitability, budget adherence, and cash flow forecasting.
- Facilitates collaboration through integration with Microsoft Project, Teams, and other D365 modules.
- Provides project performance dashboards, KPIs, customizable reports, and AI-driven analytics for data-driven decision making.
- Enables business process automation for improved project execution and management.
Client Benefits
- Global scalability: Respond quickly to enhanced growth with an organization or new company.
- Unified and Centralized Data: Having data native to one system allows users to stay connected and access the data pertinent to their role or function.
- Eliminate Peripheral Systems, Reduce Cost: Reduce or eliminate service and support fees by having internal teams manage the solution.
- Future-ready ERP: Stay ahead of market changes with a system that evolves with your business.
- Global business operations: Manage complex, cross-border activities with ease through unified, integrated business processes.
- Power Platform Integration: Achieve seamless Power BI integration along with other Microsoft solutions to enhance reporting and gain deeper insights into your business operations.
Client Case Studies
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Dynamics 365 Finance Blogs
Modules in Finance and Operations That Can Leverage Dynamics Copilot
Dynamics 365 Finance and Operations is a comprehensive enterprise resource planning (ERP) solution. It is designed to help businesses manage and streamline their financial and operational processes. For Future releases Microsoft Designed Co-Pilot to serve all the...
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Dynamics 365 Finance FAQs
What is Dynamics 365 Finance, and who is it designed for?
Dynamics 365 Finance is Microsoft’s cloud-based financial management solution that helps organizations manage accounting, financial reporting, budgeting, cash flow, compliance, and performance insights within a unified platform. It is commonly used by finance leaders, controllers, CFOs, accounting teams, and organizations that need greater visibility into financial operations.
How can Dynamics 365 Finance help improve financial visibility?
Many organizations struggle to access timely, reliable financial data when information is spread across multiple systems. Dynamics 365 Finance brings financial and operational data together, helping teams monitor performance, analyze trends, and make more informed decisions through reporting, dashboards, and forecasting capabilities.
Can Dynamics 365 Finance help reduce the time required to close the books?
Yes. Dynamics 365 Finance includes capabilities designed to streamline accounting processes, centralize financial data, automate routine tasks, and simplify consolidations. These improvements can help finance teams reduce manual effort and complete month-end and year-end close activities more efficiently.
How does Dynamics 365 Finance support cash flow management?
Dynamics 365 Finance provides forecasting and cash management capabilities that help organizations monitor liquidity, identify trends, and better understand future cash positions. This allows finance teams to make more informed planning decisions and respond proactively to changing business conditions.
Can Dynamics 365 Finance support organizations with multiple entities or locations?
Yes. Dynamics 365 Finance supports multi-company, multi-currency, and global financial operations. Organizations can manage financial processes across business units, subsidiaries, and geographic regions while maintaining consistency and visibility across the enterprise.
How does Dynamics 365 Finance help with compliance and tax management?
Organizations often face challenges managing changing tax regulations and reporting requirements. Dynamics 365 Finance includes tools that help automate tax calculations, support regulatory compliance processes, and improve the accuracy of financial reporting across different jurisdictions.
Does Dynamics 365 Finance integrate with Microsoft 365?
Yes. Dynamics 365 Finance works within the broader Microsoft ecosystem and can integrate with Microsoft 365 applications. This helps employees access financial information, collaborate more effectively, and complete work without constantly switching between separate systems.
Can Dynamics 365 Finance work alongside other Dynamics 365 applications?
Yes. Dynamics 365 Finance can connect with other Dynamics 365 applications, allowing organizations to align financial processes with operations, sales, customer engagement, project management, and supply chain activities. This creates a more connected view of business performance.
What should organizations consider before moving from Dynamics AX or legacy ERP systems?
Organizations should evaluate current processes, reporting needs, integrations, compliance requirements, and future growth plans. Many companies use modernization projects as an opportunity to simplify processes, reduce reliance on legacy systems, and improve access to financial insights across the organization. The page specifically references organizations moving from older platforms to Dynamics 365 Finance and highlights benefits such as improved operational efficiency and reduced risk.
How does Covenant approach Dynamics 365 Finance projects?
Covenant works with organizations to understand their financial processes, reporting requirements, operational goals, and growth plans before recommending changes. The objective is to help finance teams improve visibility, automate manual processes, simplify compliance efforts, and build a financial operations foundation that can scale as the business evolves.
Can Dynamics 365 Finance support project-based organizations?
Yes. Dynamics 365 Finance includes project management and accounting capabilities that help organizations manage project budgeting, resource allocation, billing, expenses, profitability analysis, and project performance tracking within a unified solution.
Why do organizations choose a cloud-based financial management platform?
Cloud-based financial management systems help organizations centralize data, support business growth, reduce dependency on disconnected systems, improve accessibility, and take advantage of ongoing platform updates. Dynamics 365 Finance is designed to provide a scalable foundation for financial operations while supporting evolving business needs.
SOLUTIONS MADE FOR YOU
Want More Information?
Contact us today to discover how our Dynamics Finance consulting services can help you achieve your financial and operational goals. Whether you need to improve your agile financial close, streamline tax reporting, or optimize your global business operations, Covenant Technology Partners is here to provide the right solutions for your evolving needs.