Dynamics 365 finance and operations case study
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- 2. Dynamics 365 for Finance and Operations Implementation Services Help a Leading Cable Company Streamline Business Processes and Improve Bottom Line 2
- 3. CASE STUDY 3 A company specializing in cable for wind farms and electric utilities. The cable company is able to achieve a number of business benefits including: • More accurate demand forecasting and planning • Increased visibility into financial operations • Better sales order and purchase order management • Improved cost accounting • Better project management and tracking • Enhanced drum and length management • Improved reporting capabilities Synoptek integrated InnoVites’ Cable ERP solution on top of Dynamics 365 for Finance and Operations and provided the following services to the cable company: • Migrated critical business data from legacy COBOL and MySQL to Azure SQL • Built custom entities and mapped fields with data migrated from historical database and Azure database. • Leveraged Dynamics 365’s built-in machine learning capabilities to build algorithms for accurate and automated demand forecasting. • Enable client to meet end customers’ specific cable length requirement. • Implemented several other Dynamics 365 modules like Vendor RFQ, sales quotation etc. In addition, instead of customizing legacy reports, Synoptek also built a handful of Power BI reports by taking historical data from Azure SQL and Dynamics 365. BENEFITS SOLUTION The client was facing challenges as below: • Lack of visibility into the various costs that were laid on imported material made it impossible for the client to arrive at a comprehensive landed cost. • Managing customer sales reps and distributors who sold cables on behalf of the company and calculating accurate warehouse and sales commission was challenging. • Demand forecasting was done manually using excel spread sheets and custom formulas and required a single resource to collate reports from different systems to forecast data and manage the supply chain. The client wanted to migrate to a modern ERP. BUSINESS NEED
- 4. Dynamics 365 for Finance and Operations Implementation Enables a Consumer Goods Company Improve Business Operations 4
- 5. CASE STUDY 5 A consumer goods company manufacturing windproof lighters. The client was able to achieve several benefits: • Maximized utilization of Dynamics 365 F&O • Effective tracking of issues that significantly improved financial control and visibility • Cost reduction and efficient business operations • Better analysis and reporting through Power BI integration • Standardized workflows using Power Automate • Global overview and insight across the enterprise using a single platform • Easier to manage Catalog and Product Pricing • Optimized the Order Fulfilment Processes Synoptek carryied out a global requirements process assessment, identifying gaps in terms of best practices, and determining the opportunity to build a global template. Synoptek implementated all modules in Dynamics 365 for Finance and Operations and customizing modules to suit specific needs. The main areas covered included Different Retail Channels From Which Order Sourcing Was Done, Order Fulfilment Process, Product Management, Catalog Management, Pricing Management, Supply Chain, Logistics, Master Plan and Financials. Synoptek also handled various integrations with third-party software such as logistics software and an e-commerce platform. Synoptek also worked and provided the client with region-specific compliance as well as imparted training to key users and end-users for increasing adoption. Other services included - Solution Designing, Customization/Modification, User Acceptance, Data Migration, Go-Live and Hyper Care Support BENEFITS SOLUTION The client used a legacy system to manage operations and finance, challenging in terms of process improvements, unification, master data management, financial consolidations & reporting. The consumer goods client approached Synoptek to carry out the Dynamics 365 for Finance and Operations implementation and standardize operations across different regions of the world. BUSINESS NEED
- 6. Conclusion 6 • With the help of Dynamics 365 Finance and Operations modules, companies can make demand forecasts more accurately, have improved cost accounting and reporting capabilities and many such benefits. • Synoptek has proven to be an excellent partner for companies looking to streamline their business processes and improve their finance and operations.
- 7. Synoptek Overview Consulting, IT Leadership and Management Business Process and Software Solutions Business Infrastructure and System Solutions Business Applications Workforce Productivity Product Development Cybersecurity Infrastructure Performance Cloud Advancement Data Insights Synoptek is a global systems integrator and managed IT services provider that can transform your business for the better. We partner with organizations worldwide to help them navigate the ever-changing technology landscape, build solid foundations for their business, and meet their business goals. clients in 1200 countries 28 employees globally 800+ employee certifications 5000 Offices in 12 countries 3 Founded in 2001, headquartered in Irvine, CA Financial Services HealthCare Manufacturing & Distribution Retail & Online Software & Technology Higher Education K E Y F A C T S I N D U S T R I E S O F F E R I N G S
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- 9. 888.796.6783 www.synoptek.com Synoptek @synoptekservice @Synoptek © 2021 Synoptek 9
Editor's Notes
- #4: BI solutions helped media firm eliminate manual efforts and improve operational efficiency
- #6: BI solutions helped media firm eliminate manual efforts and improve operational efficiency
- #8: Note: This is a placeholder slide for Q&A. About Synoptek Synoptek is a global systems integrator and managed IT services provider that can transform your business for the better. We partner with organizations worldwide to help them navigate the ever-changing technology landscape, build solid foundations for their business, and meet their business goals. Our service portfolio spans many different areas of technology needs – from cloud services, cyber security, business applications, BI, and product development. We’ve been serving customers strategically since 2001, in partnership to help them realize their vision. I’d like to thank you for your time and close out with a Q&A.
- #9: Talk Assistance: Through our comprehensive set of services, we help organizations envision – and see the bigger picture; transform – by achieving their strategic goals with our technical skillsets; and evolve – by leveraging daily operations feedback. Consulting, IT Leadership, and Management: Insights and leadership to move you forward Business Applications: Business and operational efficiency to evolve your organization Data Insights: Structure and insights to help organizations make informed business decisions for today and tomorrow Product Development: The best approaches and methodologies to deliver the best product in the fastest possible time Workforce Productivity: Innovative strategies and services to empower, motivate, and secure your workforce Cybersecurity: Focused solutions to optimize cybersecurity posture Cloud Advancement: Optimize infrastructure and applications on cloud for IT growth opportunities Infrastructure Performance: Proactive management for guaranteed IT stability and compliance.