Microsoft Dynamics AX is an enterprise resource planning software designed to help businesses store, manage, and interpret data essential to their operations. It offers a user-friendly interface that’s compatible with multiple languages and a variety of currencies, enabling businesses all over the world and in all different industries make use of it.
Here is a look at some of the more prominent features offered by Microsoft Dynamics AX.
Using Microsoft Dynamics AX, businesses are able to maintain complete control of their finances and accounting practices. The software includes a general ledger, accounts payable and receivable, and assists in monitoring the costs of ongoing projects. As mentioned, Microsoft Dynamics AX can work across several currencies, which helps businesses that operate internationally in particularly. It also helps make sure businesses remain compliant with business laws and regulations that may exist in different parts of the world and differ from their own.
Microsoft Dynamics AX offers a variety of automated tools that can assist the human resource needs of a company. This includes payroll management. There is also benefits administration, compensation management, absence management, and additional features that help to cut down on the amount of paperwork required by human resource workers as it pertains to employee hiring, firing, and training.
Conducting business operations is essential in today’s world. With Microsoft Dynamics AX, business transactions can be set up to take place via web portals. Both vendors and customers can place orders; all while employees can function within the system to perform their job duties
Supply Chain Monitoring
Using Microsoft Dynamics AX can help improve both inventory and supply chain operations. The software offers analytics for planning and procuring inventory, as well as quality management and warehouse management. These features can help to streamline both packaging and shipping, as inventory and orders can be monitored more closely and managed with increased efficiently.
Sales and Marketing
One key feature of Microsoft Dynamics AX is creating a central database of all of your customers, along with pertinent information about each customer. Both are not only useful for the sales staff of a company, but it can also assist in creating automated sales and marketing campaigns using modules included in the Microsoft Dynamics AX software. Such features can give companies in any industry a distinct advantage against competitors.
There are several tools within Microsoft Dynamics AX that can aid in project management. Among these are project hierarchies, streamlined billing, expense management, and project supply chain. The software can adapt to multiple types of projects, helping businesses accomplish a wide variety of tasks. Since accounting is often an essential part of project management, the fact that it’s something Microsoft Dynamics AX takes into account is considered highly beneficial.
Microsoft Dynamics AX also includes modules for a diverse number of industries, which means companies that deal with manufacturing, retail, or distribution—as well as those in the public sector—can have access to modules that fit their industry-specific needs.
For further information see the Microsoft product page.