Being a CFO used to sound reasonably straightforward: keep an eye on the numbers, make sure everything adds up and try not to wince too much when someone asks for next year’s budget.
Okay, maybe it was never quite that simple.
But the role has definitely changed. Today’s CFO needs to know more than what happened last month. They’re being asked what’s happening right now, what could happen next and what the business should do about it.
That’s difficult when answering a simple question means opening three spreadsheets, waiting for someone to send over a report and working out which version of the numbers is the actual version.
This is where Dynamics 365 Business Central becomes much more than an accounting system.
The numbers are only useful if you can see the bigger picture
Most businesses aren’t short of data. The problem tends to be finding it, joining it together and turning it into something useful.
Business Central brings areas including finance, sales, projects and supply chain management together, while providing reporting, dashboards and KPIs. It also connects with familiar Microsoft tools including Excel and Power BI.
For a CFO, that wider view is important. A number on a finance report can tell you what happened, but being able to see what’s happening elsewhere in the business can give you a much better idea of why.
And that’s when finance becomes much more interesting.