The COVID-19 pandemic has sped up changes across the globe which otherwise would have taken many years, particularly in the area of digitalization and digital transformation. It has changed the way how businesses, both small and large operate and run their business. While some were battered and others beaten, many agile organizations made use of the opportunity to evolve, adapt and craft new strategies to expand their global business, and add new revenue streams, relying on intelligent business software solutions like Microsoft Dynamics 365.
How to spur growth while managing the complexity of a global business is a question that bothers many businesses. Microsoft through their suite of Dynamics 365 solutions has been helping companies to operate in an efficient and effective way. It comes with built-in localization and regulatory support for 43 countries and regions and are translated into 48 languages, making it possible for companies to operate in different markets without having to worry about local tax, invoicing and other compliances.
A paperless solution
Dynamics 365 offers a completely paperless solution, which reduces inefficiency and drastically brings down the chances of human error due to manual data entry and fraud. It also helps improve traceability, reduces end-to-end processing time, and accelerates the invoicing process.
The electronic invoicing features offered by Dynamics 365 Finance, Dynamics 365 Supply Chain Management, and Dynamics 365 Project Operations with other applications are aimed at helping companies quickly adapt to ever-changing government regulations and improve efficiency. It allows businesses to adhere to the different electronics invoice standards followed by different countries.
Effectively meet local requirements
Apart from the complexities arising from invoicing and taxation, there are numerous other compliance requirements that differ from country to country. While some are law-enforced requirements, many others are part of the local business practices. The Electronic Reporting and Business Document Management capabilities offered by Dynamics 365 apps empower organizations to handle such varying and complex requirements. It allows users to create templates based on industry standards and easily adapt to changing legal requirements.
As an intelligent and flexible solution, Microsoft Dynamics 365 equips organizations to manage the challenges of global operations with ease and allows them to expand efficiently. If you are looking for a flexible business solution with capabilities for your local or international market, the Dynamics 365 experts at Isys Solutions can help.