AI-Based Extensions in Microsoft Dynamics 365 Business Central

by Nuri Misir, 31.01.2024

AI-Based Extensions in Microsoft Dynamics 365 Business Central

by Nuri Misir, 31.01.2024

Nuri MisirConsultant | AI Expert

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AI-Based Extensions in Microsoft Dynamics 365 Business Central: Refinement of Business Processes

Introduction

Microsoft Dynamics 365 Business Central has evolved with advanced AI-driven extensions. These extensions, based on artificial intelligence, enable more precise forecasting of payment delays, improve sales and inventory planning, and refine cash flow management. They showcase the potential of artificial intelligence and machine learning in transforming business operations.

Proactive Payment Delay Management

Efficient receivables management is crucial for the financial health of a company. The extension for predicting payment delays allows businesses to refine their collection processes by forecasting whether payments for sales invoices will be made on time. This tool provides an opportunity to take preventive actions, such as adjusting payment terms, to minimize the risk of late payments.

Sales and Inventory Planning

Maintaining a balance in inventory management is essential. Insufficient stock can lead to missed orders, while excess inventory ties up working capital. The extension for sales and inventory planning uses historical data to create sales forecasts and provides a detailed overview of potential stock shortages. This planning enables companies to efficiently manage their orders, thereby avoiding revenue losses and optimizing customer service.

Cash Flow Planning with Azure AI

Cash flow analysis is a critical factor for a company’s financial stability. Microsoft Dynamics 365 Business Central offers advanced tools for cash flow analysis that rely on Azure Machine Learning. These tools facilitate the analysis of historical data and the prediction of future financial periods. Utilizing Azure AI for cash flow planning provides deep insights and assists in modeling various financial scenarios to make optimal business decisions.

Conclusion

These extensions in Microsoft Dynamics 365 Business Central bring AI and machine learning to the forefront of business management. They provide valuable tools for SMEs to proactively manage payment delays, efficiently control inventory levels, and precisely plan cash flows. Implementing these technologies allows businesses to optimize their processes, reduce risks, and enhance their competitiveness.

If you are interested in optimizing your business processes through the use of these advanced AI-driven extensions, do not hesitate to contact us. We are ready to show you how you can make your business operations more efficient with Microsoft Dynamics 365 Business Central.

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