More than financial responsibilities
There is no doubt that the primary responsibility of the finance team is to optimize the financial performance and financial sustainability of a company. In addition to these crucial financial responsibilities, many more tasks are involved, such as developing innovative strategies or integrating the right technologies and automations to transform the business. The finance team constantly faces evolving challenges such as increased regulatory scrutiny, the adaptation of ongoing technology transformations, meeting ever-changing customer expectations and identifying business problems.
Benefit from improved financial insight check_circle
Get a clear picture of your business and make decisions based on correct information.
More in-depth financial control layers
Analyze purchasing differences in detail and create more efficient processes.
Increase the efficiency of your own team people
Say goodbye to incoherent systems, error-prone spreadsheets and manual workarounds.
NORRIQ helps you to make your finance department more efficient
Today, the finance department has to provide more and more added value to the company without additional resources. NORRIQ helps you and your finance department automate and digitize your financial processes, making time-consuming manual processes a thing of the past.
We work with medium to international companies facing challenges such as:
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A lack of accurate and real-time reporting
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Difficult to verify data
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Difficult cash flow
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Lack of agility
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A finance team that mainly works remotely
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Stakeholders are not aligned
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Different systems and unused technology
Our expertise in finance is far-reaching. We understand the culture and challenges of a finance department at a deep level and specialize in optimizing complex financial environments through Microsoft Dynamics 365 Business Central.
Improve financial insight with Dynamics 365 Business Central
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Stop relying on the end of the month for insights into business performance.
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Get deep insight into your business performance through comprehensive reports and drill-down analytics.
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Flexible yet controllable pricing and promotions per customer – easily visible to everyone.
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See the impact of changes in external factors – such as exchange rate changes or delivery costs – that can be quickly assessed and adjusted if necessary.
More financial control with Dynamics 365 Business Central
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Accurately track demand, capacity and progress in the workplace so that you can respond to changing customer needs reliably and profitably.
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Benefit from a comprehensive overview of all returns and reason codes – measuring the true profitability of products.
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Monitor all manufacturing and purchasing variances at the point of entry and take action if necessary.
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Use Dynamics 365 Business Central to manage pick-ups and put-aways to improve warehouse capacity and picker path.
Increase efficiency within your own team thanks to Dynamics 365 Business Central
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Replace error-prone Excel spreadsheets with a comprehensive business software solution, resulting in a single source of reliable information.
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No more disconnected, administratively heavy separate systems for multi-channel trade via EDI and eCommerce.
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More working capital thanks to streamlined credit management and fewer late payments.
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A well-oiled financial machine means more time to focus on strategizing and growing your business.
The functionalities within Business Central
Microsoft Dynamics 365 Business Central can provide your finance team with a clear overview thanks to linked data from reports, charts and Microsoft Power BI dashboards. Gain more insight in the areas of finance and accounting, sales, purchasing and inventory management so that proactive steps can be taken regarding the financial health of the organization. Discover here the functionalities of Dynamics 365 Business Central that can help your finance team:
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Control over your financial data: When you implement Business Central in your organization, the Finance department benefits from an easier to manage cash flow, bank reconciliations, fixed assets, budgeting and project costing, while reducing cycle times with the extension for predicting late payments.
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Automate your business processes: All Dynamics 365 solutions are connected to the Power Platform. With that, you will be able to create workflows that link systems together in a way that creates a seamless experience.
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Monitor full financial performance: Business Central uses built-in reports, Excel or Microsoft Power BI, and unlimited data dimensions to give you real-time cash flow, help you identify economic patterns, analyze trends, and improve business planning. You can connect reports, charts, and Power BI data across teams to get accurate insights and make fact-based financial decisions.
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Working together as a team: A finance team has to work together more than any other team because they deal with numerous documents and reports across the organization. Thanks to Microsoft Dynamics Business Central, with Microsoft 365 and Teams integration, you can collaborate seamlessly within your own team, other teams and even suppliers in no time.
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Get more out of your reports with AI: With Power BI integrated in your Business Central, you can quickly access and act on live reporting, real-time insights. Several powerful AI features built into Business Central can help you increase productivity by speeding up repetitive tasks and improve cash flow by helping with inventory. The open technology also makes it possible to link other BI systems.
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Expand quickly to global markets: Business Central's capabilities allow you to easily support multiple currencies, exchange rates, consolidations, intercompany transactions, and localized tax rules.
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Accelerate financial close: Financial closing and reporting is a nightmare due to the volume of data in an organization. Business Central helps you reduce the month-end and year-end closing times with linked data about the general ledger, accounts receivable, accounts payable, and fixed assets. You can also streamline approval workflows with Power Automate in Business Central.
Related resources for your Finance
NORRIQ makes the financial department of Elindus future-proof
Read the Elindus customer story and discover how the implementation resulted in a clear reporting, time savings, automation and a future-proof strategy:
Overview of the finances of all countries and scholarships for Artexis Easyfairs
Easyfairs international was looking for a uniform system for the financial management of all offices in different countries.
Curious how NORRIQ can help your financial department?
Our consultants offer an answer to all your questions.