In times of uncertainty, keeping the lights on has become extremely challenging for businesses. The pandemic has brought with it several impediments including poor employee morale, slashed budgets, lackluster sales, an unpredictable market, poor customer loyalty, and more. Sustaining the business has become a critical business priority, so has enabling innovation whenever and wherever possible. In these times, an integrated enterprise solution like Microsoft Dynamics is the need of the hour.
Considering an ERP software for your enterprise? Our resource will give you 5 additional reasons to choose Microsoft Dynamics.
The Opportunities Microsoft Dynamics ERP Presents
When the pandemic first struck, everything went for a toss: nations locked down, restaurants and stores closed shop, air travel was restricted, and businesses were brought face-to-face with challenges they had never experienced before. In such trying times, being able to operate businesses with a decent level of efficiency seemed like a long shot. But Microsoft Dynamics made this possible.
5 Helpful Microsoft Dynamics ERP Capabilities
By combining the power of modern capabilities and a foundation of robust technology that has enhanced over the years, Microsoft Dynamics has enabled crisis-struck businesses to drive value in multiple scenarios. The enterprise software is not only helping enterprises overcome unheard-of challenges, it is also enabling them to stabilize operations and respond to changes with extreme dexterity. Here are 5 ways in which Microsoft Dynamics has helped businesses navigate through troubled waters.
1. Enable Remote Collaboration:
As COVID-19 took the world in its embrace, organizations struggled to set up a remote work environment to allow their workforce to work seamlessly from their homes. In the absence of the right infrastructure, enabling remote collaboration was extremely challenging. But Microsoft Dynamics paved the way for seamless peer-to-peer collaboration.
By combining the capabilities of Microsoft Teams with Dynamics ERP and Dynamics CRM, organizations could collaborate in real-time, engage in audio and video conversations, work on documents, and engage with clients and partners – even as the crisis intensified.
2. Control Cash Flow:
In the times of a crisis, businesses need to be able to have enough liquidity to cover immediate short-term debts and obligations. However, the crisis brought to the fore the challenge of poor insight into payables and receivables – which made it difficult for organizations to maintain liquidity.
Microsoft Dynamics provides organizations with the visibility needed to predict and stabilize cash flow. By centralizing the invoice management process, it allows them to get clear and real-time insight into cash position, while freeing teams to focus on top priority customers and vendors.
3. Automate Workflows:
Enabling and maintaining productivity in a remote work environment is never easy, especially if the data needed to make decisions is inaccessible due to departmental silos. Microsoft Dynamics, through modern automation capabilities, make it easy for organizations to streamline the most complex processes and enhance productivity for teams working from their homes.
By bringing data and systems from across the enterprise, it helps overcome silos and power common business processes through automated workflows while ensuring consistent service delivery as well as establishing standard practices.
4. Leverage Data:
In these difficult times, being able to act on critical data is essential to make quick and informed decisions. Microsoft Dynamics, along with the capabilities of Power BI, helps organizations unlock data and put relevant, consistent, and updated information into the hands of people who need it.
Using data, respond to changes in the business environment, and overcome challenges with improved agility. They can also more easily spot trends and patterns in historical data and use this insight to power their present and future decisions.
5. Respond to Demand:
The pandemic had a profound impact on business demand; while essential services organizations struggled to scale their business to cater to the sudden surge in demand, others in manufacturing and hospitality didn’t know how to react to the slump. For both kinds of organizations, Microsoft Dynamics has helped in responding to demand in an efficient manner.
By connecting all the systems within an enterprise, it helps organizations improve forecasting accuracy and build processes to deliver products and services accordingly. Through deeper and real-time insight into market changes and customer needs, it enables organizations to scale their businesses – quickly and efficiently.
Reinvent Business Models with Microsoft Dynamics ERP
The COVID-19 pandemic completely transformed life as we know it. As businesses had to quickly set up their remote work environments, Microsoft Dynamics helped them in reinventing their business models and quickly adjusting to the new normal. In addition to supporting businesses in meeting their digital transformation goals, Microsoft Dynamics helps organizations in integrating siloed operations, enabling better collaboration, controlling cash flows, automating workflows, improving forecasting accuracy, and maximizing value from data.
Looking to Implement Microsoft Dynamics? Contact an expert at Synoptek today.
Synoptek got featured in ERP SoftwareBlog’s eBook: 9 Creative Ways Microsoft Dynamics is Helping Businesses Pivot During Crisis.
