Article | July 30, 2020

Customer Journey : Chief Financial Officer (CFO)

Category:

Chief Financial Officer

Chief Financial Officer 1500 1000 Xcelpros Team

Cassandra is the CFO for a chemical processing plant. Her role requires bringing financial discipline and stability through best practices. In Cassandra's day-to-day schedule, she uses financial reporting and analysis to monitor and communicate growth initiatives to executives across the organization. As CFO she is leading the team in developing strategic financial initiatives that enable growth and profitability.

As financial regulations increase, the need for a more robust system is becoming more evident for Cassandra and her team. She is looking for a ERP that can perform Pricing Strategies, Financial modeling and ensure compliance is maintained . Additionally, Cassandra needs a system in place that can help her team stay on top of GDPR regulations as they are updated and assist with internal and external yearly audits. It is critical to generate reports for executives that detail the health of the companies finances using real time data. Cassandra and her team need to compile these reports and have them in presentation format without taking a huge amount of time, and know that having an embedded Power BI may be what they are looking for.

63%

of respondents said that CFOs were responsible for measuring Financial Performance of transformation initiatives.

Source : Per Mckinsey

65%

stated that CFO's responsibility will be most valuable for future transformations.

Source : Per Mckinsey

THE CFO's JOURNEY

01

WHY DO WE NEED TO MAKE A CHANGE?

  • Manual Accounting processes causing bottlenecks in the financial close process
02

WHAT ARE YOUR PAINPOINTS?

  • Our team needs visibility with real time analytics
  • Using multiple tools to support our business needs
03

WHAT WOULD BE A GAME CHANGER?

  • Leverage Machine Learning for financial forecasting
04

WHAT ARE WE LOOKING FOR?

  • Keep up with frequently changing regulatory
05

WHAT WE DO?

  • Automating processes and using advance analytics. Getting data in real-time
06

WHO WOULD BENEFIT?

  • AP and AR Clerks processing payments and invoices daily
  • Accounting Manager who need Budget and Forecasting data real time
  • CEO and COO who need access to financial reporting for the entire organization
07

WHAT ABOUT COMPLIANCE?

  • Dynamics 365 for Finance comes with built in Configurable Tax and Compliance Reporting
  • Regulatory discovery and alerting service
08

ENHANCED FEATURES IN D365 FOR FINANCE

  • Revenue Recognition
  • Budgeting and Forecast
  • Manager multiple legal entities and Consolidations
09

WHAT'S INCLUDED IN DYNAMICS 365 FOR FINANCE?

  • Financial reporting & analytics with Power BI integration
  • Configurable e-invoicing and payments
  • Project Accounting

MAKE THE MOVE TO DYNAMICS 365 FINANCE TODAY

A Pilot program is risk-free and a good way to evaluate the Microsoft Dynamics 365 solution. Team-up with us and protect your investment on a no-obligation engagement.