Financial Management incorporates all areas of your accounting and business processes into one easy to use business finance system. A consolidated finance system saves time, resource and money by streamlining your business finance administration and providing detailed financial reports for accurate decision making related to all accounting and corporate finance workflows.
Access to a full suite of real time and precise corporate finance data provides a solid basis for finance decision making and it supports the analysis of risk management, resource management and asset management.
Microsoft Dynamics NAV provides a complete financial management solution, making it easy to connect financial transactions and information smoothly across affiliate companies and multi-site and international deployments while providing the audit trails and other security measures required by mandates such as Sarbanes-Oxley, Basel II, the U.S. Health Insurance Portability and Accountability Act (HIPAA), International Financial Reporting Standards (IFRS) and local Generally Accepted Accounting Principles (GAAPs).
As organizations grow, as the marketplace becomes more competitive, and as regulations become more complex, the modular design of Microsoft Dynamics NAV enables you to extend functionality by adding in the solutions you need to manage financial data and generate the analytics and business intelligence that can help your company grow into the future.
Microsoft Dynamics NAV provides accounting and finance solutions to help you track and analyse your business information. With end-to-end integration, you can efficiently manage your general ledger, payables, receivables, inventory, analytical accounting, fixed assets and cash flow, as well as performing bank reconciliations and collections. You can even manage your financial processes across multiple currencies, locations or companies.
So you have seen that Dynamics NAV has financial management at its core, ideal for any business. But ERP software has traditionally been aimed at the larger SMEs due to the high up-front costs, infrastructure and time required to implement.
However, with Microsoft's cloud based solutions and subscription pricing new businesses can afford the licencing costs. We have produced an "out of the box" style implementation of Dynamics NAV with the core financial management tools that a small business needs.
For more information about Financial Management and Accounting software or to discuss anything regarding ERP, contact us: