For a real time overview of organization-wide financial transactions, insightful decisions, and streamlined growth, enterprises need smart and secure Financial Management ERP solutions that can help.
Enterprise Resource Planning or ERP systems are contributing tremendously to modern enterprises worldwide, particularly in the present mobility- driven marketplace. For organizations looking to manage business financials through a centralized and integrated system, an ERP solution like Microsoft Dynamics 365 Finance (formerly Microsoft Dynamics AX) would be the most appropriate and practical choice.
Dynamics 365 Finance implementation offers easy customization, reduced technical costs, and improved productivity while allowing businesses to access shared databases securely on any device. In addition, the cloud- based Dynamics 365 Finance delivers relevant information that enterprises need for data- driven insights and strategic decisions.
For organizations ready to move forward with Dynamics 365 Finance implementation, the below five steps will help to ensure timely, and effective deployment of the solution.
Analyze and Monitor
The Functional Consultant needs to identify and create the business needs documents, while the solution architect would conduct a requirements analysis in collaboration with team members. The team would recommend necessary workarounds or extensions that Dynamics 365 Finance’s modules might not handle. Solution Architect can also deploy a demo environment that would allow users to become familiar with Dynamics 365 Finance.
Design and Develop
Dynamics 365 Finance allows finance managers to create personalized development and test environments, define test cases and recommend test scripts based on the business needs while enabling team members to test plugins or other third- party applications for compatibility and security. The Finance ERP Solution also help in signoffs for Functional Design Documents (FDD) and Technical Design Documents (TDD), created during the process. Moreover, the automated tool embedded within Dynamics 365 Finance helps debug any coding issues and allows other customizations.
Test Implementation
Key team members can test Dynamics 365 Finance implementation. The users run the test scripts in the set environment to confirm that everything performs as designed. Users can even suggest for any identified modification and may execute a change request for any expected deviation from the original project delivery timeline.
Key business users must run and test the application before the User Acceptance Testing (UAT) with all other end users. In addition, system managers must sign off on all test scenarios before moving the code to production.
Deploy and Run the Implementation
Before deploying the production environment, system managers need to complete the provisioning checklist following the below steps:
- Secure required signoffs from the project owner
- Run a mock to check for issues before the final deployment
- Perform a go-live health check to ensure the production is functioning as designed
The above discussed steps would help project managers ensure a seamless Dynamics 365 Finance Implementation.
Post Deployment Support and Stabilization
Once the implementation is completed and go-live is done, some time must be kept aside for system stabilization and users’ adoption of new system. In case any issues come up, or assistance required right after go-live, it can be handled immediately. This will ensure that system achieves what it was expected to achieve both for organizational level and for individual end-users.
Conclusion
For businesses that need a consistent analysis of overall financial health and focus on maximizing profitability, improving productivity, enhancing security, and reducing monthly operational costs, then Microsoft Dynamics 365 Finance would be the right ERP solution for modern enterprises.
Dynamics 365 Finance Implementation experts at Dynamics Square can manage the complexities involved during the planned deployment. Help our experts know your needs, and we will assist you throughout the process.
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