Microsoft Dynamics AX Review

Microsoft Dynamics AX will improve your strategic planning with 360-degree views of company performance, helping you understand your business costs and calculate future costs based on forecasts. This Microsoft accounting software also enables you to expand your business internationally with exchange rate adjustment tools, multiple language and currency support, and accounting compliance across countries.

Tax and financial regulations, such as Basel II and Sarbanes-Oxley, also assist in meeting regulatory compliance commitments. Our Microsoft Dynamics AX review also shows that features include inquiry tools, real-time information accessibility, analysis and reporting capabilities, and general financial management that assists in revenue management, accounts payable and receivable, and cash flow efficiency.

Microsoft Dynamics AX Key Features

  • Financial management role centers – Accounting Manager, Accounts Payable Coordinator, CFO, Accounts Receivable Administrator, Credit and Collections, Accountant, Bookkeeper
  • General ledger – With General Ledger, you can post financial information to multiple ledgers, configure multiple and recurring journals, add flexible year-end procedures, create cash flow forecasts, book transactions across subsidiaries, and eliminate inter-company transactions to consolidate financials.
  • Accounts receivable -Through accounts receivable, you can easily set up credit parameters with flexible payment terms, as well as handle pre- and advanced payments. You can also authorize credit card payments, calculate interest, and generate collection letters.
  • Accounts payable -Use three way matching, support flexible terms, and use multiple invoice entry options, including separate handling of approved and unapproved invoices, and matching invoiced to physical deliveries.
  • Bank management – Allows you to monitor deposits, payments, drafts, and blank balances, reconcile bank accounting statements, and provide support for electronic vendor and customer payments and receipts.
  • Fixed assets – Implement transaction reversal, additional asset groups and attributes, and asset adjustment reason codes, forecast, monitor, and control the entire life cycle of your fixed assets.
  • Country/Region-specific functionality – Adjust accounts payable, accounts receivable, and general ledger transactions to current exchange rates; and comply with country-specific regulations.
  • Dimensions – Work with multiple financial dimensions for detailed analysis, including a dimension hierarchy for the purpose of defining account validation.
  • Reporting – Allows you to access RoleTailored business intelligence with financial reporting, performance indicators, and analysis tools, as well as create customized reports with Microsoft SQL Server Reporting Services.
  • Shared services support – Help reduce costs with centralized processing for customer and vendor payments.
  • Compliance management – Helps you to easily track and manage compliance status and activities using Compliance Center, as well as automate compliance with corporate policies using workflows.
  • Advanced financial support – Permits any company in the enterprise to print a statement for any customer; and the enterprise can create a single, consolidated statement for multiple companies.
  • Cost accounting – Makes planning costs based on capacity usage easier, and it helps you measure target costs against actual costs.
  • Integration with Microsoft Office PerformancePoint Server 2007

Microsoft Dynamics AX Accounting Software Products

  • Financial Management in Microsoft Dynamics AX 2009

Microsoft Dynamics AX Key Clients

InFocus, ISSI, Kreisler Industrial, Borroughs Corporations, Hydra-Power Systems, United Pharmaceuticals, Omnicom Group, Patagonia, Peet’s Coffee & Tea, Direct Wines