Business Benefits from an Upgrade to Microsoft Dynamics 365 FSCM

The last version of the AX series of ERP systems, Microsoft Dynamics AX 2012 R3, was released in 2014 and its official support ended in January 2023. Older versions of Microsoft Dynamics AX are also no longer supported. As a result, many companies that rely on this popular software will have to decide to transition to another ERP solution. One option that companies may consider is upgrading to Microsoft Dynamics 365.

This article will highlight some of the key benefits of the Microsoft Dynamics AX upgrade to Dynamics 365 Finance and Supply Chain Management.

High Scalability and Cost Reduction

Microsoft Dynamics 365 FSCM is a more flexible ERP system than its predecessor. It allows companies to choose exactly the functionality they need, rather than pay for all features with one license plan. For example, instead of a single solution for finance and operations, Microsoft Dynamics 365 now has two applications that can be implemented separately or together.

The system also allows companies to modify the number of users whenever needed. The number of users can be changed at any moment, whether you need to decrease or increase it. This makes the ERP software highly scalable and cost-effective as the final expenses are determined by the number of users and their access to functionality.

State-of-the-Art Features

The Microsoft Dynamics AX upgrade to finance and supply chain management will support your company with advanced functionalities.

The system is equipped with machine learning algorithms that can significantly improve analytics and predictions. These algorithms can be used in various parts of the system. For example, you can utilize them for making comprehensive financial forecasts for your business, planning procurement and production more effectively, or creating optimal routes for transportation. These predictions are made by artificial intelligence which learns from real data rather than statistical analysis.

Another cutting-edge feature of Microsoft Dynamics 365 is the integration with the Internet of Things (IoT). This technology allows for the connection of equipment, machinery and vehicles with the ERP system. It enables monitoring the asset condition and more effective maintenance, reduces expensive downtime and contributes to cost savings.

Furthermore, Microsoft Dynamics 365 FSCM and its financial application in particular offer even more possibilities for automation. Tedious repetitive tasks will no longer consume a large portion of the working day of your employees. They will save valuable time, allow them to focus on more demanding tasks and effectively minimize human errors with this ERP system.

Portability and Ease of Use

Microsoft Dynamics 365 FSCM is available in both on-premises and cloud versions. While they share many similarities, the cloud version can be accessed directly through an Internet browser. This makes the system compatible with portable devices and particularly easy to use for companies specializing in transportation and field services.

Additionally, Microsoft Dynamics 365 has an improved user interface, which makes the system even more user-friendly. This ERP system is more accessible and requires less time for training than its predecessor.

Smooth Dynamics AX Upgrade to Finance and Supply Chain Management

In practice, migrating from Microsoft Dynamics AX to Microsoft Dynamics 365 involves transferring data, integrations, and customizations. This process can be quite complex, especially for large companies. However, it should not deter companies from taking advantage of the benefits of upgrading to Microsoft Dynamics 365 for Finance and Supply Chain Management.

To make the transition easier, companies can work with an implementation partner, such as XPLUS, who will guide them through the necessary procedures and help them adjust their new system to the needs of their organization. Working with an upgrade service provider can also help prevent costly mistakes and ensure that the exact solutions needed are chosen.

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