The Total Economic Impact™ Of Microsoft Dynamics 365 Finance
Digital initiatives need to drive transformation across your business including financial, operational and organizational processes. Yet many enterprise resource planning (ERP) solutions fall short on unifying and connecting business processes. A new era of AI-based operational systems is emerging in response. Forrester Consulting calls then digital operations platforms (DOPs). Agile and experience-driven, these systems include Microsoft Dynamics 365 Finance.
To provide customers with a framework for evaluating the potential financial impact of Dynamics 365 Finance on their organizations, Microsoft commissioned Forrester to conduct a Total Economic Impact™ (TEI) study. Download your complimentary copy of the study to explore key findings and the benefits, costs and risks associated with adopting Microsoft Dynamics 365 Finance.
What are the key benefits of using Microsoft Dynamics 365 Finance?
Organizations can expect several key benefits from implementing Microsoft Dynamics 365 Finance, including improved finance personnel productivity by up to 55%, IT staff productivity improvements worth over $400,000, and avoided legacy costs exceeding $3.5 million. By standardizing financial processes and leveraging real-time data, businesses can enhance decision-making and operational efficiency.
How does Dynamics 365 Finance improve productivity?
Dynamics 365 Finance enhances productivity by streamlining and standardizing financial processes across teams and regions. This reduces the need for manual tasks, such as compiling reports, and allows staff to focus on higher-value activities. For instance, organizations have reported significant reductions in month-end close times, from up to 20 days to an average of six days.
What costs are associated with implementing Dynamics 365 Finance?
Organizations should consider several costs when implementing Dynamics 365 Finance, including subscription fees based on a per-user basis, initial partner implementation and support fees, and ongoing internal management efforts. Over a three-year period, the total costs for a composite organization are estimated at $2.80 million.
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