Microsoft Dynamics AX for Manufacturing

Microsoft Dynamics AX is reinventing the way businesses manage processes. Dynamics AX is a cloud based ERP system that is optimized to deliver value to organizations through the ability to make smarter decisions with increased speed.

The flexible cloud infrastructure of Microsoft Dynamics AX enables organizations to improve operational efficiency while minimizing costs. Seamless integrations with familiar Microsoft business tools – from productivity with Office 365, to business analytics with Power BI, to customer engagement with Dynamics CRM – provide up-to-the-minute insight on data and analytics, and easier ways to collaborate with the team.

 Financial Management

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Improve Efficiency

Register financial data in the ledger in real-time to reflect the business flow and secure fast and accurate financial reporting. Gain insight and reduce data entry errors by using unlimited financial dimensions, self-balancing dimensions, and advanced account structures and rules.

Execute financial operations from a single corporate database to reduce time-intensive, repetitive administrative tasks and help your team move from strictly tactical activities to more strategic ones. Activity-based workspaces provide finance professionals with task specific experience, and integration with O365 productivity and collaboration applications.

Consolidate results online and share data such as chart of accounts or currency exchange rates across multiple legal entities. A customizable user interface and on-line help functionality lets you deliver low training costs.


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Manage Cash Flow

Gain deeper insight into your financial status and cash flow whenever you need it.

Analyze your liquidity with cash flow forecasts and optimize the way your company manages foreign currencies.

Import customer payments automatically into your payment journal, or make vendor payments with clear visibility into all your accounts to help you manage your cash flow more effectively.


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Drive Business Performance

Plan, create, manage, control, and complete projects for your organization, including time and materials, fixed price, and internal projects such as investment, cost, and time. Out-of-the-box financial reports offer a jumpstart on report design, allowing you to easily customize reports according to business needs.

Create a project hierarchy comprising multiple sub-projects. Easily plan projects, large or small, by matching work requirements with available resources.


benefits

Benefits

  • Ensure regulatory compliance and expand your business across geographies
  • Improve the efficiency of your financial operations and enable strategic planning
  • Manage your cash flow effectively
  • Gain insight into your finances and improve your ability to make the right decisions quickly
  • Perform fast and reliable accounting, financial reporting and analysis
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 Budgeting

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Improve Processes

Manage your organization’s budget, including flexible configuration options, instant calculation of available budget funds, pooling of budgets and budget workflows for review and approval.

Configurable budget planning supporting a flexible chart of accounts and dimensions, custom-defined process configurations, workflows, and the use of Microsoft Excel to estimate costs, create scenarios and create a budget plan worksheet for Microsoft Excel in Microsoft Dynamics AX.

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Gain Oversight

Automatically route the budget plans together with worksheets and attachments for reviews and approvals. Leverage Microsoft application integration with the ability to create and edit budget plans using Excel and Dynamics AX; switch the layout for budget plan documents on the fly and edit data by using any selected layout.

Enforce legal appropriation compliance and simultaneously allow lower-level departmental budgets with multiple, variable and hierarchical level budgetary controls.

Offer summary/total dimensions when you analyze and update budget plans by using multiple scenarios.

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Budget Control

Track budget versus actuals and stop over-spend at the point of approval or entry of a transaction. Budget control dimensions can be selected from the financial accounting structure that will be used for budget control.

Budget control can be applied to a variety of transactions including purchase requisitions, purchase orders, vendor invoices, expense reports, travel requisitions and more.

If a budget fund is about to be exceeded due a transaction, Microsoft Dynamics AX can stop the transaction from moving forward, warn the user or go through relevant approvals to allow the spend to exceed the budget.

benefits

Benefits

  • Determine the financial components used to establish and control budgets
  • Update or revise budgets based on economic events
  • Define workflows and policies that match organizational requirements
  • Use a budgeting tool that is right for your organization
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 Order Management

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Improve Customer Service

Gain advanced control over your sales orders. When entering sales orders, Microsoft Dynamics AX allows you to automatically check credit limits, customer account information, pricing agreements, and inventory levels so you can give your customers real-time information.

With Dynamics AX you have the ability to look into real time available to promise (ATP) data, and it also applies delivery date control so you can make accurate and precise order and delivery promises.

Print, fax, email, or publish order confirmations on the Web, offer your customers flexible invoicing options, keep track of backorders and manage returned items.

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Optimize Purchasing Processes

Microsoft Dynamics AX helps you purchase the right products at the right time with the best price. By gaining insight into supplier prices and lead times, you are better able to compare quotations from suppliers with different delivery deadlines, price conditions or other parameters.

Historical data and analysis tools help you evaluate past supplier performance so that you can make more informed purchasing decisions for the future.

The tight integration within Dynamics AX means that you only need to register received goods once, and then all relevant areas of the system are automatically updated. This streamlines record-keeping and saves time and resources, while reducing the risk of manual errors.

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Trade Seamlessly

The intercompany functionality of Microsoft Dynamics AX enables several companies, subsidiaries, or distribution centers to trade internally within one Microsoft installation.

Intercompany functionality allows a company to apply a variety of required intercompany trading policies that help ensure the trading process between companies is always in sync, enabling a greater degree of process automation and control.

With visibility into inventory in all companies, subsidiaries, and distribution centers and the ability to source inventory across locations, you can minimize you stockholding costs.

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Improve Cost Control

Maintain accurate inventory valuation and gain insight into the variation of your cost prices. The cost price of inventory can be continuously updated through re-calculations to reflect the actual price.

The standard cost price and any differences can be posted to different general ledger accounts so that variances are readily visible.

Inventory valuation can be performed according to different methods for different items including FIFO, LIFO, weighted average and standard cost price.

benefits

Benefits

  • Deliver better customer service with more efficient sales processes
  • Reduce costs by supporting your purchasing and warehousing processes
  • Improve relationships with your customers and suppliers using trade agreements
  • Trade seamlessly with your subsidiaries with the ability to manage intercompany orders within one system.
  • Achieve better cost control with greater visibility into cost prices and accurate inventory valuation
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 Master Planning

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Improve Forecasting

Forecast delivery dates using operations or bottleneck scheduling. Calculate available-to-promise (ATP) and capable-to-promise (CTP). Plan across multiple sites.

Additionally, a Master Planning Workspace offers at-a-glance information about when the last master planning run was completed, whether it had any errors, what the urgent planned orders are and which planned orders cause delays.

Gain quick insight into the status of a master planning run, the urgent planned orders, and the planned orders that cause delays.

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Outsource Production with Ease

Outsource production to sub-contractors whenever you need to.

You can also model sub-contractor capacity levels in the system and quickly implement make or buy strategies throughout the planning process.

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Quickly Respond to Changes

Action messages suggest changes to purchase and production orders based on changing requirements, helping you to optimize inventory levels and improve production flow.

Additionally, future messages provide notification of the earliest possible delivery date, so that you can quickly take action on sales orders to maintain customer satisfaction.

You can also increase the efficiency and accuracy of planning with time fences, which help ensure that procedures are carried out at the correct time according to your manufacturing policies.

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Deliver on Time

Avoid making delivery promises you cannot keep by running available-to-promise (ATP) calculations based on available inventory and current production orders, as well as capable-to-promise (CTP) calculations based on raw material lead-times and production capacity.

benefits

Benefits

  • Minimize lead times and maximize on-time deliveries to customers
  • Respond quickly to changes in demand for materials and capacity
  • Reduce inventory levels through improved production planning and forecast scheduling
  • Finite capacity schedule at order taking
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 Project Management and Accounting

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Increased Visibility

Help project managers gain increased visibility into and control over schedules, resources, time and expense, as well as funding and billing arrangements across both internal cost and external revenue projects. Schedule tasks while finding and assigning available resources by skill set, project experience, certification, education, and other attributes within or across companies.

Leverage built-in integration with other Microsoft Dynamics AX domains, including general ledger, sales, service, procurement, and production to address a wide range of business processes and models.

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Streamline Operations

Create a project hierarchy comprising multiple sub-projects. Easily plan projects, large or small, by matching work requirements with available resources.

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Improve Productivity

Project Accounting can help you define new projects quickly, by pulling data from the central Microsoft Dynamics AX database. The ability to submit time, expense and approvals from various mobile devices (Windows Phone, Windows 8, Android and iOS devices) while out of the office and on the road enables your team to access the system anytime, anywhere.

You can also speed up project creation by using templates recycled from previous projects. A single view of all current and planned projects helps you anticipate bottlenecks before they appear.

The improved efficiency of Project Accounting in Microsoft Dynamics AX can also let you move back office resources from supporting current projects to supporting sales to help increase new business.

benefits

Benefits

  • Help improve oversight of your operations to maintain tighter control of project accounting and drive efficiencies.
  • Help improve productivity
  • Obtain strategic business insight
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 Management Reporter

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Performance Management

Displaying business results, performing variance analysis, comparing projections and consolidating data from disparate general ledgers provides business users with the business insight they need to make timely and relevant decisions.

Accurate and auditable reporting is also essential to regulatory compliance.

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Accurate, Shareable Reporting

Create boardroom-quality financial statements and reports without IT assistance, consolidate across companies within Microsoft Dynamics AX, and take advantage of secure report distribution and storage using Management Reporter.

Collaborate on financial reports using the Web-based report viewer. Financial reporting capabilities is delivered in all available languages.

benefits

Benefits

  • Bring together financial information from different financial models or general ledger companies in order to create a consolidated view of the business
  • Widely distribute dynamic and standard reports including financial statements, management reports, and ad-hoc analysis to the decision-makers across the organization
  • Support generally accepted accounting practices (GAAP), international financial reporting standards (IFRS), and Sarbanes-Oxley regulations. Centralized data management, including security and business rules, and transactional reporting simplify regulatory compliance
  • Enhanced partnership with IT
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 Resources

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Empowering Manufacturing

In the last decade, few industries have been impacted by rapid advancements in technology quite like manufacturing. Manufacturers have been faced with an “evolve-or-die” ultimatum as customers expect faster rates of innovation.

Download the Ebook

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