Microsoft Dynamics NAV 2009 for Financial Management

Microsoft Dynamics NAV streamlines your entire financial management processes and activities. Because it's a fully integrated solution, the software enables you to track and analyse information from all areas of your business.

Accounting and finance professionals will find Microsoft Dynamics NAV helps efficiently manage your general ledger, payables, receivables, inventory, analytical accounting, fixed assets and cash flow, as well as perform bank reconciliations and collections. You can also manage your financial processes across multiple currencies, locations, or companies.

The key areas of Microsoft Dynamics NAV used for Accounting and Financial Management are:

Basic General Ledger

With integrated data, intelligent transaction processing, and robust analytical and reporting capabilities, the basic general ledger within Microsoft Dynamics NAV helps reduce the time and effort your staff spend on accounting tasks, while enabling financial performance monitoring. It also helps in ensuring your organisation conforms to business and regulatory requirements.

Basic fixed assets

Microsoft Dynamics NAV enables you to maintain full, comprehensive records of all your asset information in a structure that makes sense for your business. It helps you control and manage the entire life cycle of your fixed assets: from acquisition to disposal, ensuring you get the maximum value from your business investments.

Payables

Payables in Microsoft Dynamics NAV provides your business with streamlined, end-to-end cash management. It delivers timely and accurate information about cash flow and discount opportunities to give you the best purchasing power. Automated calculations and support for prepayments increase efficiency. The strong vendor account functionality, including intercompany invoice posting, helps you make payments to comply with vendor terms, which in turn strengthens your critical business relationships.

Receivables

Receivables in Microsoft Dynamics NAV helps you tightly manage customer accounts. This includes credit limits and review dates, defining collections criteria and payment terms on a customer-by-customer basis, initiating and tracking prepayments. You can also match receipts to invoices automatically to eliminate errors and improve processing consistency.

Multicurrency

Because Microsoft Dynamics NAV supports multiple currencies, the complexity of transactions with global suppliers, customers or partners is significantly reduced. With Multicurrency in Microsoft Dynamics NAV, you can define an unlimited number of currencies, track exchange rates, manage entire accounts, and report on financial health in the currency of your choice.

For more information about using Microsoft Dynamics NAV for financial management, please contact Concentrix.