GLOSSARY: What are the steps of digitalization and computerization of accounting with MS D365 Finance?

digitisation and computerisation of accounting
Published: 5. 9. 2023
Each organization may have its own specific requirements and goals when digitizing accounting with Microsoft Dynamics 365 Finance. The important thing is to plan carefully and proceed incrementally to get the most out of your new digital infrastructure.

What does the digitisation and computerisation of accounting look like with Microsoft Dynamics 365 Finance? The process to modernise your accounting can involve several steps that transform traditional accounting processes into digital form.

Digitalization with Microsoft Dynamics 365 Finance

Each organisation may have its own specific requirements and objectives in digitalization of accounting with Microsoft Dynamics 365 Finance. It's important to plan carefully and take a step-by-step approach to get the most out of your new digital infrastructure.

What will the digitalization and electronization of accounting with MS D365 Finance bring?

  • Planning and analysis -identification of current accounting processes and weak points, determination of the goals and benefits of digitalization for your company, evaluation of available technologies and selection of appropriate tools
  • Selecting and deploying Microsoft Dynamics 365 Finance - choosing the right plan and configuration Dynamics 365 Finance according to the needs of your company, deployment of the system and its adaptation to specific accounting processes
  • Data integration - transfer of existing accounting data to Dynamics 365 Finance, linking the system with other internal and external applications, if required
  • Automation of tasks - Identification of tasks that can be automated (e.g. invoicing, approval processes, cost processing), automation settings
  • Electronic invoicing - implementation of e-invoicing and acceptance of e-invoices from suppliers, integration with external e-invoicing platforms
  • Digitization of documents - scanning and digitizing paper documents such as invoices, contracts and other important documents, storing digital documents in the system for easy access
  • Centralised accounting - the introduction of centralised accounting, which will allow accounting records from different departments and branches to be tracked and managed
  • Report creation and analysis - Create customized reports and dashboards in Microsoft Power BI to track accounting metrics and performance
  • Continuous improvement - monitoring the performance of digital accounting and identifying areas for further improvement and optimization

Need to know more? Contact us!

Štěpáín Kněžek Blue Dynamic

Štěpán Kněžek

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stepan.knezek@bluedynamic.cz
+420 607 032 908

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eGor KoValev

Account Manager
egor.kovalev@bluedynamic.cz
+420 720 953 784

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