Get easy access and comprehensive insight into company finances
Updated: June 22, 2006
Growing businesses need to keep their financial information and accounting systems up to date. That way, when sales personnel or a member of the management team needs data, they can access it immediately. An effective financial management solution can help your company:
| • | Automate accounting processes |
| • | Improve employee productivity |
| • | Identify sales and market trends and gain insight into your business activities |
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The challenge
In a fast-paced market, your company needs to use every bit of sales, industry, and financial information that is available to it to stay competitive. When orders come in, salespeople need immediate access to a variety of data, including inventory counts, competitive pricing, and vendor status. In addition, your management team needs up-to-date financial information to make more informed and strategic business decisions.
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Business Scenario | Fabrikam, Inc., a clothing design and manufacturing company located in London, England. Recently, it began receiving inquiries and orders from high-end boutiques and department stores around the world. For the past five years, the company has been spending considerable amounts of time recording orders by hand and locating available inventory. This practice is making it difficult for Fabrikam to keep up with the growing demand for its products. In addition, since Fabrikam’s clothing line now has global appeal, the company must be able to operate their business in their local currency and still invoice, order, report, and accept payments in alternative currencies. To make decisions that will help Fabrikam remain competitive, the management team needs a solutions that will enable the real-time access to financial and sales information that their current system does not offer. |
The solution
A solution composed of Microsoft Windows Server System and Microsoft Dynamics for financial management can address the advanced financial and management needs of companies that have outgrown the capabilities of their previous systems.
Windows Server System supplies a secure and reliable software infrastructure to manage a growing number of records and the data needed for efficient access. Microsoft Dynamics for financial management automates processes and integrates data to help you better manage cash flow, billing, and assets. In addition, multiple currency capabilities help you more easily expand your business beyond your country’s borders. Integration enables sales and management professionals to get real-time information on inventory, pricing, and customer status—and easily share that information with appropriate staff across the rest of the company. And Microsoft Dynamics provide more than just accounting tools: Comprehensive reporting features make it easier for your management team to identify trends and gain insight into their current business activities. This then allows you to capitalize on available knowledge and discover new business opportunities.
Such a solution can help you and your employees gain a better understanding of the company’s financial situation by providing:
| • | The ability to process orders quickly. Increase efficiency with a secure and reliable network that helps enable your staff to access up-to-date information immediately. |
| • | Easy access to accounting information. Save your staff time and effort by storing your company’s financial information in one central location. |
| • | Business insight. View data in different ways according to your particular business needs. |
Next steps: Setting up an efficient financial management system
