Microsoft Dynamics Finance Premium – ask Synergy Software Systems

January 16th, 2024 by Stephen Jones No comments »

At the start of 2024 the roles of the Office of the CFO takes centre stage as they close the books on last year, go through audits, review business performance and tackle updating strategic plans. The new year is already bringing a multitude of AI opportunities and transformative possibilities, as well as rapidly changing political, economic and environmental challenges,

In this dynamic arena, where reality meets strategy, the CFO is the architect of fiscal success, and finance teams are the crafts persons who shape the financial future of their organizations. Understandably leaders struggle with the complexity involved in navigating myriad uncertainties, and how best to take advantage of emerging trends, to drive business performance.

Microsoft has introduced the latest advancements into its enterprise resource planning (ERP) portfolio to help to address these challenges and to streamline and automate how you activate business insights at every level of your organization.

Top business performance management challenges for planning, analytics, and insights tools

  • Data accuracy, consistency, and integration: Poor data quality, reconciliation processes, and the integration of disparate data sources hinder accurate analysis and planning.  A good New Year’s resolution is to create a connected enterprise and our new business process-centric data models in the business performance analytics capabilities of Microsoft Dynamics 365 Finance will pave the way.
  • Complexity for users: Financial planning and analytics (FP&A) and corporate performance management solutions traditionally had a steep learning curve, and lacked a familiar, user-friendly design, and were difficult for users to navigate. Empower your teams with our easy-to-use tools for business performance planning capabilities in Microsoft Dynamics 365 Finance Premium, generally available since December 31, 2023.
  • Total cost of ownership: Most financial management and ERP solutions do not include business performance management capabilities as part of their core solution, and these tools need to be purchased separately, which minimizes who can use them. Lower your total cost of ownership, while maximizing business performance management.  Dynamics 365 Finance Premium  is an easy way to acquire and deploy advanced business management capabilities.

Resolution 1: Create a single source of truth for planning, analytics, and insights, making it easy to get started.

  • Use business performance analytics to create reports, dashboards, and insights that help you make informed decisions and optimize your operational workflow. Business performance analytics aims to revolutionize how finance departments handle complex data by streamlining data ingestion, cleansing, and enrichment. By automating data hygiene, teams can reduce manual work, minimize reliance on IT, and lay the foundation for advanced capabilities like copilot and AI. 
  • Create a unified data model for better planning, analytics, and insights with an Analytics dashboard from Dynamics 365 Finance
  • Resolution 2: Empower people with planning and analytics tools that are easy to use.

Finance teams face challenges with outdated data and complex tools, which means slow, manual processes when extracting integral information. The complexity of analytical tools typically needs advanced data science skills or falls short with outdated features, that hinder the discovery of valuable insights that crucial to decisions and actions that impact business performance. I

As well as a comprehensive view of financial and operational performance Finance premium capabilities simplify and automate: planning, budgeting, forecasting, reporting, and for analytics  by direct integration with familiar Microsoft Power BI and Excel environments.

Resolution 3: Optimize costs and ensure people have the tools they need

The total cost of ownership for many business performance management solutions is high due to various factors such as initial software licensing fees, implementation costs, and customization expenses. Integration challenges with existing systems necessitate additional resources, and the shortage of skilled personnel to manage and optimize the solution incurs ongoing labour costs.

Now we have included within Dynamics 365 Finance planning, analytics, and insights as capabilities and interoperability with familiar tools like Excel and Microsoft Power BI. This strategy allows our customers to minimize the high costs associated with many FP&A and xP&A solutions. This ensures that individual users have access to the capabilities they need to successfully complete their work, while not having to pay for unnecessary functionalities.

 Modernize business performance management

In navigating the complexities of today’s economic landscape, CFOs recognize the indispensable need for advanced planning and analytical tools to effectively steer their organizations through uncertainties, foster innovation, and ensure both short-term resilience and long-term prosperity.

During the last major economic crises CFOs were challenged to update budgets frequently – in some cases on a  daily basis – impossible to do manually.

CFOs can empower finance and business leaders with essential tools to not only anticipate risks but also drive strategic innovation. In the face of modern economic challenges, more advanced corporate performance management are essential for financial leaders,. A robust foundation will fortify their organizations, and ensure they not only weather the current storms but emerge stronger and more resilient for the challenges of tomorrow.

The new SKU offering to realize this goal is Dynamics 365 Finance Premium . This license will only be needed for roles within the organization that are responsible for creating strategic plans, budgets, reports, and insights. Welcome to a new era of financial empowerment, where success is not just measured but is strategically crafted and managed.

Synergy Software Systems has implemented and supported Enterprise Financial systems for more than 25 years and also Corporate Performance Management and Analytics solutions for most of that period. We also have deep expertise in Power Automation, Power B and Advanced Excel analytics.

To learn more call us on 00971506361696

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Posted in Corporate Perfomance Management, Dynamics 365, Finance, Microsoft

IDC MarketScape named UiPath a Leader. for Intelligent Document Processing

December 7th, 2023 by Stephen Jones No comments »

Looking to integrate a document component into your automation workflows? Supporting and delivering accurate intelligent document processing (IDP) across various document types and use cases means accelerated productivity, enhanced customer experience, and business growth opportunities.

The IDC MarketScape evaluated AI technologies such as optical character recognition (OCR), computer vision, natural language processing (NLP), and machine/deep learning to classify and extract information from structured, semi-structured, and unstructured documents.

The IDC MarketScape named UiPath a Leader.

IDC MarketScape: Worldwide Intelligent Document Processing Software 2023–2024 Vendor Assessment

IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market.

To learn more about how to benefit from AI-powered automation, and why UiPath was named a Leader contact Synergy Software Systems 0097143365589

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Posted in RPA and DMS

UiPath announces AutoPilot and Clipboard AI

December 1st, 2023 by Stephen Jones No comments »

The automation market, continues to see exponential growth. UiPath,  the platform that empowers organizations to derive actionable value from AI, stands at the forefront.

 Innovation is a cornerstone of its strategy, to deliver cutting-edge capabilities that empower our customers.

One of the highlights of the quarter was the annual user conference, FORWARD VI, held in Las Vegas. Over 3,000 attendees joined us for three days of insightful sessions, inspiration, and education, centered on exploring the transformative potential of AI and automation.

At FORWARD VI, the latest platform release, 2023.10 was presented. It, feature a suite of new capabilities to translate the potential of AI into tangible action. We are excited about the introduction of UiPath Autopilot, a new family of AI-powered capabilities to enhance the user experience across the UiPath platform. Autopilot leverages:

  • Specialized AI,
  • Generative AI,
  • Our unique capabilities in Document Understanding, UI, and RPA

Autopilot for Assistant can discover and run existing automations from your company. It can use those as building blocks, and string together to accomplish advanced actions. When there is no pre-built automation for what you are trying to get done it can use AI to create new ones on the fly.

Autopilot for Studio enhances productivity for developers of all kinds.

‘Text to workflow’ transforms descriptions easily into automation workflows, reducing complexity particularly for non-technical users.

‘Text to expressions’ generates expressions using natural language descriptions allowing developers to focus on the problem at hand rather than syntax.

‘Automated code generation’ directly transforms descriptions into code-based automations.

Autopilot for Apps empowers developers to create app interfaces and expressions using everyday language, documents, or images. Developers can fluently express their design intentions textually or visually, to create user-friendly interface designs. The feature to generate expressions across all apps ensures a unified and accelerated development process.

We are witnessing remarkable momentum with industry verticalization, particularly in financial services, healthcare, and the public sector, where automation to deliver substantial value.

Government agencies around the world increasingly standardize on our AI-powered automation platform, leveraging its robust end-to-end capabilities to enrich the employee experience, ensure mission readiness, and achieve breakthrough outcomes.

UiPath has again been honoured by third-party recognition of its achievements, including IDC MarketScape: Worldwide Intelligent Document Processing (IDP), 2023-2024 Vendor Assessment, where UiPath was named a Leader in Intelligent Document Processing for our broad market leadership and robust IDP capabilities in UiPath Document Understanding and Communications Mining, integrated into our broader enterprise automation platform.

Another recognition comes from TIME Magazine, which named UiPath Clipboard AI one of The Best Inventions of 2023.

UiPath Clipboard AI is a standalone application which helps in data entry, acting as an intelligent copy-paste assistant. By understanding the structures of your content, Clipboard AI transfers data between documents, spreadsheets, and applications, etc., and automatically inserts the data into the right places.

The supported source documents are:

  • Web/desktop forms
  • Excel spreadsheets
  • Semi-structured documents, such as invoices, receipts, utility bills, purchase orders, passports, ID cards, and any key-value documents
  • Plain text document, such as contracts, emails, Word documents, web pages etc.

The supported destination documents are:

  • Web/desktop forms
  • Excel spreadsheets
  • Plain text destinations, such as Word documents, Powerpoint presentations, emails, etc.
  • PDF files

There are therefore various copy-paste scenarios between the available source documents and destination documents. For instance, you can input passport information into an online travel form or you can copy a Word document and paste it in an Excel spreadsheet.

In addition you can:

  • Apply transformations for currencies, units of measurement, EU/US date formats, language translation, and many more, all through natural language.
  • Ask Clipboard AI questions and have the response included in the output.
  • Extract tables from web pages, and structured data from lists, such as search results, lists of products from retailers, etc.

Clipboard AI is ready to go once you install it, empowering you to take advantage of automation without any coding or programming knowledge.

Clipboard AI was selected to TIME Magazine’s list from a pool of thousands of global nominations, with winners recognized for delivering innovations that are changing the way we live, work, and play.

Synergy Software Systems was the first UiPath Gold partner in the GCC and has delivered numerous projects to help companies to automate and streamline their processes.

To reimagine your business call us to discuss: 0097143365589

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Posted in RPA and DMS

Business Central features

November 30th, 2023 by Stephen Jones No comments »

Many business find they outgrow basic systems, or spreadsheets and need to move to a more integrated system for compliance, performance and scalability and the technical platform to adapt quickly to new requirements.

Some may be on unsupported legacy systems, others may have database limitations on how much data they can hold but need to retain records for tax and audit purposes. others may find that with new legislation for example: the introduction of Corporate tax or privacy laws, or e-invoicing that their current systems are no longer compliant. Typically, they cannot get timely accurate meaningful business insights to make informed, proactive decisions,

Investing in a new system is not easy for a growing business , but neither is the cost of maintaining old hardware, recruiting and training skilled IT staff, managing server rooms, and warding off cyberattacks,. That s swhy there has been a major switch to cloud computing. A user based subscription means you don’t have a large capital cost up front. You don’t need to pay extra to manage the server, or utility costs, the operating systems, or backups or antivirus –

The video demonstrates how easily Microsoft Dynamics 365 Business Central users can perform tasks and access information in Business Central.

Business Central supports multiple browsers, and each browser offers various features. The browser plays a significant role in the responsiveness and fluidity of the user interface. It also allows any device, anywhere, anytime, access based on the user’s role security. A manager who is travelling can still see his reports, a sales manager can check stock from a customer site and place an order and so on.

Business Central provides functionality for common business processes in small and medium-sized companies, mainly within wholesale and professional services. However, more complex processes, such as assembly, manufacturing, service, and directed warehouse management are also supported There are many isv solutions to extend Business Central for other functions nd verticals, such as our HR and Payroll module for the GCC , and our Real Estate module, and our POS integration and much more.

Some of the core functionality:

  • Make and collect payments, manage your cash flow, defer income and revenue, prepare year-end closing, and manage fixed assets.
  • Get insight to the performance of your business activities through budgets, account schedules, and analysis views.
  • Manage sales processes and information, such as quotes, orders, returns, and customer accounts, and make drop shipments.
  • Manage purchasing processes and information, such as invoices, orders, returns, and vendor accounts, and purchase items from sales documents.
  • Register new inventory or service-type items, categorize items for easy searching, adjust inventory levels, and perform common inventory costing tasks.
  • Create jobs and schedule resources for projects, manage job budgets, monitor progress, and track machine and employee hours.
  • Organize your fixed assets, ensure correct periodic depreciation, and keep track of maintenance costs.
  • Use the CRM features to manage and support your sales efforts and focus your interactions on preferred customers and contacts.
  • Keep detailed records of your employees, and register absences for analysis purposes.
  • Plan the production operations required to transform inputs into finished goods.
  • Put salable items together in simple steps to make a new item, such as a kit.
  • Define shop floor resources and their capacity, schedule operations, pull production components, and execute production operations.
  • Ensure an effective flow of received and shipped goods.
  • Schedule service calls and set up service orders, and track repair parts and supplies.
  • Set up and use workflows that connect tasks performed by different users or by the system, such as automatic posting. Requesting and granting approval to create or post documents are typical workflow steps.
  • Enable users to exchange data with external sources during daily tasks, such as sending/receiving electronic documents, importing/exporting bank files, and updating currency exchange rates.
  • Record external documents in Business Central, including their file attachments, then manually create the related documents or automatically convert the files to electronic documents.

Inside Business Central, you do most of your work in a list, a document, or a card.

All pages have a bar with actions that are relevant . This way, you can manage an individual sales order in the Sales Order page and in the Sales Orders list, including posting it and invoicing it.

Business Central provides dedicated functionality for typical business areas, such as finance and sales.

To support those business area-specific tasks, you can use various general business functionalities, such as defining extended text for document lines and organizing connecting business tasks in workflows.

  • Add extra information to accounts, customers cards, or sales orders to communicate agreements, such as a special price or delivery method, to other users.
  • View ongoing, posted, or archived documents that are related to sales and purchase order lines.
  • Communicate the contents of business documents quickly to your business partners, such as the payment information on sales documents to customers.
  • Archive sales and purchase orders, quotes, return orders, and blanket orders, and you use the archived document to recreate the document that it was archived from.
  • Set up standard text codes so you can extend standard text by adding extra lines, and set up conditions for use of the extra lines.
  • Create tasks to remind you of work to be done. You can create tasks for yourself, but you can also assign tasks to others or be assigned a task by someone else in your organization.
  • Work with your Business Central data in Excel or Outlook or TEAMS
  • Understand what happens when you choose the Post action.
  • Post multiple sales or purchase documents together, immediately or as scheduled.
  • Review the result of posting before you post.
  • Edit selected fields on posted sales or purchase documents.
  • Learn how to find documents and entries that are related to each other based on a piece of a document, contact, or item information.
  • Understand the available status for quotes, orders, and credit memos documents, such as Open and Released
  • Learn how to work with general journals, which are used to post to general ledger accounts and other accounts such as bank, customer, vendor, and fixed assets accounts.
  • Schedule a report to run at a specific date and time.
  • Let the system help you complete tasks quicker and more correctly by prefilling fields or complete lines with data that you would otherwise have to calculate and enter yourself.
  • Record external documents, including their file attachments, and then manually create the related documents or automatically convert the files to electronic documents.
  • Set up and use workflows that connect tasks performed by different users or by the system, such as automatic posting. Requesting and granting approval to create or post documents are typical workflow steps.
  • Set up data exchange definitions so you can send and receive electronic documents.
  • Use online maps to find locations and directions to customers, vendors, and addresses in general.

To learn more about how Business Central can support your business growth and ensure compliance with minimal risk and up front investment contact us today: Synergy Software Systems 00974 3365589

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Posted in Business Central, Corporate Perfomance Management, Dynamics 365, Technology

Huge success for Dynamics Pact 2023 CEO Conference in Dubai with Synergy Software Systems

November 14th, 2023 by Stephen Jones No comments »

A very well attended conference by the leading global Microsoft Dynamics Finance and SCM partners enjoyed a packed day heavily focused on the impact and opportunities of AI both within the application and for the operation of partner practices and services.

Several Microsoft representatives attended and there were 3 separate Microsoft presentations

.

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Posted in Uncategorized

Synergy Software Systems Welcomes Dynamics Pact partners to their Annual Conference 2023

November 13th, 2023 by Stephen Jones No comments »

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Posted in Events, General Synergy News

Happy Diwali 2023 at Synergy Software Systems

November 13th, 2023 by Stephen Jones No comments »

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Posted in Uncategorized

Microsoft Dynamics 365 for Finance and Supply Chain – ask Synergy Software Systems

November 5th, 2023 by Stephen Jones No comments »

Microsoft Dynamics 365 for Finance and Supply Chain (FSCM) is Microsoft’s flagship and most capable ERP solution. With advanced functionality, superior architecture and single source application, D365 FO is the natural choice for larger enterprises who often demand multi-site, multi-country, multi-lingual capabilities.

We have had a rich history of success with large international organisations implementing its predecessor Microsoft Dynamics AX, and D365 FSCM takes the power of AX to a different level!

It provides accessibility – anywhere, anytime via a browser-based user experience that enables users to access the system from any location and on any device.

Functionality includes: Finance (GL, AR, AP, Cash and Bank, FA, Budgets, Costing,) Sales, Purchasing, Planning, Advanced Warehouse Management, Discrete, Process and Lean Manufacturing, Master planning ATP and CATP, Retail, Project Management and Accounting, Asset Management, and Public Sector. modules. This is supported by numerous reports and dashboards and an in built Financial Reporter tool, and in built tools for case management, and workflow management.

As a Microsoft solution there is already integration with Azure technologies such as Microsoft Fabric, Microsoft 365 office productivity tools, Power apps and Power Bi, SharePoint and much more, all wrapped around with Microsoft security and platform management .

In addition, there are also numerous Apps available which extend the standard functionality and provide additional ISV and vertical solutions for example Synergy offers its own:

  • GCC localised HR and Payroll further enhanced with BI Dashboards, and automated PRO and employee self service processes.
  • A comprehensive Real Estate solution.

If you are looking for an enterprise multi county ERP system, or seeking to move upwards and onwards from Dynamics Ax, Dynamics GP or NAV, or other ERP systems the you will appreciate all that FSCM has to offer. However, you might just be a little nervous of how go forward with a multi company system, how long will take, how much will it cost and million other questions.

Synergy Software Systems is the oldest partner in the region and was the first Gold Partner for Dynamics Ax. We have a large mature team of consultants, professionally certified by Microsoft, who have helped guide other enterprises faced with the same challenges. Consultants are based here in Dubai, and we have a manned helpdesk through our working hours – one reason we received the Highest Customer Satisfaction Award from Microsoft.

Put your worries behind you and seize the future and call us on 0097143365589 for impartial, informed advice.

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Posted in Dynamics 365, Finance, HR and Payroll, Lean Concepts, Microsoft, Microsoft Dynamics Ax, SCM, Security and Compliance, Technology

UiPath a leader in Gartner Magic Quadrant for Robotic Process Automation 5th year running.

November 5th, 2023 by Stephen Jones No comments »

Positioned by Gartner, Inc. as a Leader in the 2023 Gartner® Magic Quadrant™ for Robotic Process Automation research report, UiPath was named a Leader for the fifth year in a row.

The Magic Quadrant evaluated 16 enterprise RPA vendors to help enterprises make the best choice for their organization’s automation needs. In this report UiPath was positioned highest for Ability to Execute.

The 2023 Gartner®Magic Quadrant for Robotic Process Automation research report states, “By 2025, 90% of RPA vendors will offer generative-AI-assisted automation.”

UiPath is pioneering innovation in AI-powered automation. The UiPath Business Automation Platform is adding more AI offerings with Generative AI, including the general availability of OpenAI and Azure OpenAI connectors with support for GPT-4.

UiPath customers are already using the OpenAI connector to extend automation deeper into business operations to turn data into actionable insights.

UiPath has announced support for the Falcon Large Language Model (LLM) via its Amazon SageMaker connector, and the preview of the Google Vertex connector with support for PaLM 2.

The company’s Specialized AI solutions include over 70 models that enable customers to understand screens, mine tasks, process documents, and utilize unique and proprietary data sets within enterprise workflows.

“We believe AI-powered automation will support all knowledge work and accelerate human achievement. To make Generative AI work for businesses everywhere, we are taking an approach that addresses challenges and unlocks opportunities. The UiPath platform deploys Specialized AI and automation to serve as Generative AI’s powerful allies. Crucially for enterprise use, we can train Specialized AI securely with proprietary data and optimize models for a business’ specific needs, resulting in more accurate, efficient, and cost-effective solutions. We take an open and flexible approach so customers can create the most strategic mix of AI and automation solutions, leveraging the strengths of each technology and mitigating their respective challenges.”

The UiPath Business Automation Platform is quickly evolving from purely an RPA solution to so much more. UiPath provides an end-to-end set of AI-powered automation capabilities for customers to drive unified enterprise automation strategies. This includes new prebuilt solutions for key verticals like finance, healthcare, manufacturing, and insurance.

Check out the report to learn more about where RPA stands today—and why UiPath was recognized as a Leader.

Call us to request a copy: 0097143365589

Gartner, Magic Quadrant for Robotic Process Automation, By Saikat Ray, Arthur Villa, Melanie Alexander, Andy Wang, Mukul Saha, Sachin Joshi, 2 August 2023

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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AI-powered Automation. What is the current status. Ask Synergy Software Systems

November 5th, 2023 by Stephen Jones No comments »

Innovation, impact, and future trends shaping enterprise adoption

Generative AI has quickly become the number one topic for enterprise yet the ability to effectively deploy this new automation technology is still immature.

However a few forward thinking companies are already successfully applying Generative AI to improve business operations and create new value in their markets.

A new study conducted by UiPath and Bain & Co. identified several key factors that differentiate the high performers from the pack..

We are now 20 years into a reconfiguration of business brought about by the Internet and the impact of an inexpensive high speed global data network on business practices for example remote team and home working during covid lockdowns. This advance has also driven a move to increased use of outsourced operations to seamlessly move work from high cost to low cost labor markets. Two decades later, this opportunity to improve efficiency has largely been fully exploited exhausted . While promises o be the best current method for continuing improvement, many companies have failed either to start adoption or to achieve promised benefits.

Generative AI offers a chance to companies that have yet to scale technologies like enterprise automation. Bain and UiPath conducted a series of executive interviews and a survey of 200 companies. They found the enthusiasm for significant impact from this artificial intelligence is high but also confirmed that if key lessons are not learned then his new automation wave may also not be able live up to its potential.

If you are seeking to enhance your business processes with Robotic Process Automation or Generative Ai then contact us for an exploratory discussion and a complimentary copy of the report:

Call us now on 00971 4 3365589

(Synergy Software Systems was the first GCC certified Gold Parnter)

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Posted in RPA and DMS