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Microsoft Dynamics 365 Finance

Financial management for demanding clients

An ERP system that will manage even the most complicated financial and accounting processes across branches and countries. It automates your financial operations, provides overviews in real time and intelligently predicts the future.

Financial management for demanding clients

Get an edge on the competition

Functions and modules

Centralised intracompany and intercompany accounting respecting local standards, conditions and requirements whilst maintaining conformity and the single truth.

You execute and record financial transactions quickly and effectively, you manage the relationships between the branches and the mother company, you manage internal costs, currency exchange and reports. You get an overview of cash flow, better control over expenses, better budget planning …

Functions and modules

Intracompany accounting

Thanks to Microsoft Dynamics 365 Finance you effectively manage the main ledger, payables, receivables, banks, management accounting, assets and cash flows. Your accountants, analysts and managers have a continuous overview of the financial health of the company, create calculations, plans and their comparisons with ease.

Intracompany accounting

Intracompany accounting

The difficulty of accounting transactions across multiple companies or branches of a company will be significantly reduced with Microsoft Dynamics 365. It supports shared services in organisations with multiple legal entities by using centralised processing of customer payments. It enables the evaluation of revenues and expenses for a given activity (for example, a project) across multiple companies in a group. Make accounting in your subsidiaries or in your companies within a holding structure unified and clear.

Intracompany accounting

Assets

Practical administration of your long term assets and equipment, suitable also for multinational companies utilising various forms of amortisation and depreciation. With Microsoft Dynamics 365 Finance you will be able to split costs across multiple companies, departments and projects and also manage insurance and maintenance of assets.

Assets

Bank

Anticipate how the liquidity of your company will develop, create and manage your bank accounts in multiple currencies and across multiple financial institutions. Pay and process your bank statements simply and quickly.

Bank

Cash Flow

Take advantage of the strong tool Business Intelligence supplied together with Microsoft Dynamics 365 Finance and based on the data in the  information system  anticipate your available financial resources. This will be further assisted by a knowledge of your relationships with customers and suppliers, rich artificial intelligence tools and clear analysis.

Cash Flow

Cost accounting

Discover your reserves, reduce your costs and increase effectiveness thanks to a realistic overview of the finances and profitability of every organisational level at your company. Automate the recharging of costs according to a custom defined key.

Cost accounting

Consolidation

Generate consolidated accounting information from various companies interconnected via ownership relationships. Information can be consolidated regardless of the type of accounting system or currency that is used.

Consolidation
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Why choose Microsoft Dynamics 365 Finance

Advantages of the solution from Solitea

Microsoft Gold Partner

Highest partnership level with Microsoft

30 years in business

Stable European company

50+ customers

Dynamics 365 Finance (Dynamics AX)

15 countries

Experience with global implementations

The implementation process

They chose us

"We needed to adapt the ERP system to our business needs and current legislative requirements in Slovakia. Thanks to Solitea, we have resolved the specific issues related to the areas of finance, taxes and ensured that everything runs without us needing to change the way we are used to working".

Roel Warderdam, Manager Division Control
AutoBinck Car Distribution and Retail B.V.


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Blog

Assemblies

This is how you benefit from Microsoft’s large partner eco-system

  • 28 Jan 2021

Microsoft is a truly partner driven organization. For the sales, the implementation and the support of her Dynamics 365 business applications, the company relies on her extensive network of partners. Have you ever wondered how you can benefit from this ‘partner eco-system’? Time for some clarity.

This is how you benefit from Microsoft’s large partner eco-system

28 Jan 2021

Microsoft is a truly partner driven organization. For the sales, the implementation and the support of her Dynamics 365 business applications, the company relies on her extensive network of partners. Have you ever wondered how you can benefit from this ‘partner eco-system’? Time for some clarity.

Making a success of an ERP-implementation project is not easy – we all know that! Next to a great client, it needs a software solution with the best possible fit with your organization and your future oriented business processes. But it also needs a number of different skills to help your organization transform to that new solution and to implement the new processes and mindset.

When it comes to the sales and distribution of ERP-solutions we see different approaches in the market. Some vendors sell directly to the end-customers, where other vendors sell indirectly via implementation partners. Some vendors are active in your own country only. Other vendors have activities around the globe. Some vendors have the monopoly for adapting their solutions. Other vendors allow their partners to extend and enrich their solutions.

Here are some ways you can take advantage of Microsoft’s large ‘partner eco-system’:

  • Microsoft has thousands of Dynamics 365 Value Added Resellers or implementation partners around the world. So you never have to deal with a ‘single point of failure’ when it comes to implementation or support.

  • Partners from other countries or regions can help implement your Dynamics 365 solution in case of international roll-outs. They know the localized versions inside-out, speak the local language, understand the local culture and live in the same time-zone. All aspects that will improve the quality of your implementation.

  • There are many so called Independent Software Vendors who build solutions on top of Dynamics 365. This category of partners help resellers to complete their offerings with specific functionalities and deep domain knowledge for targeted vertical markets. The advantage is that your reseller don’t have to re-invent the wheel and use their own capacity for the things that really matter for their customers.

  • The Microsoft platform is wide and extensive. And it’s still growing. The partner eco-system for this total platform consists of hundreds of thousands of partners – all with their own specializations. The collaboration between your ERP-partner of choice and the many other partners in this eco-system can help you explore new parts of this platform without compromising on quality.

Before you decide for any solution, it seems wise to also consider the way your vendor operates. And judge what that potentially means for your project success, both on the short and on the long term.

Microsoft’s wide, rich, vibrant and fast growing partner channel can breathe with you and your IT needs. In and outside of the ERP-domain. Locally as well as internationally. Now and in the future.

Assemblies

The choice of your implementation partner: a traditional vendor or a real sparring partner?

  • 28 Jan 2021

When you’re considering the implementation of a new ERP or CRM software solution, you have the choice between two kinds of implementation partners. On the one hand, there are the traditional vendors who - in a nutshell – activate the software just the way you work today, train your end-users and leave. On the other hand, there are those partners who see the new software solution as a catalyst for initiating and supporting organisational change. And for putting your customers in the center of everything you do. They seek mainly to improve and modernise your current processes and to ease the current bottlenecks.

The choice of your implementation partner: a traditional vendor or a real sparring partner?

28 Jan 2021

When you’re considering the implementation of a new ERP or CRM software solution, you have the choice between two kinds of implementation partners. On the one hand, there are the traditional vendors who - in a nutshell – activate the software just the way you work today, train your end-users and leave. On the other hand, there are those partners who see the new software solution as a catalyst for initiating and supporting organisational change. And for putting your customers in the center of everything you do. They seek mainly to improve and modernise your current processes and to ease the current bottlenecks.

It is of course interesting to consider which sort of partner your organisation requires. And to categorize your potential implementation partners in this way too. Clearly, this second category of partners needs to possess different qualities and knowledge from the first. The courage to discuss nettlesome issues for sure is one of those qualities. And it’s good to know that, on the average, these partners are also more experienced and charge higher fees.

 

Despite COVID-19, the new buying behavior and the successes of disruptive business models, most software buyers today still tend to re-automate their existing processes and ideas. Sometimes as a conscious choice, but often unconsciously. As a result, they are not seldom guiding their organisations based on out-of-date principles.

 

To really benefit from the possibilities of new technology, you must be prepared to change. Even when it hurts on the inside. In this situation, an implementation partner who is a competent sparring partner is indispensable!

 

So if you really want to get the most out of your next ERP or CRM system or digital transformation initiative, don't choose your implementation partner based on the lowest cost. You will be much better off when you are looking for the best sparring partner. That choice creates a stable foundation for a successful project with a positive return on your investment.

Interviews

We know we can do it and have immense know-how, says Martin Cígler of Solitea

  • 18 Sep 2020

The merging of 30 companies has created one major Solitea, and we are speaking about with its CEO Martin Cígler. In the interview, you can find out what it means to merge such a large number of companies into one, what pitfalls this involves, and what benefits its customers can expect. Martin also told us that when establishing the firm 30 years ago, he already had a vision about where his company would be in 2020.

We know we can do it and have immense know-how, says Martin Cígler of Solitea

18 Sep 2020

The merging of 30 companies has created one major Solitea, and we are speaking about with its CEO Martin Cígler. In the interview, you can find out what it means to merge such a large number of companies into one, what pitfalls this involves, and what benefits its customers can expect. Martin also told us that when establishing the firm 30 years ago, he already had a vision about where his company would be in 2020.

How was the merger in Czechia and Slovakia conducted and following this experience, how do you rate the decision to merge such a large number of companies?

For starters, I must say that the merger is still active and it would be a mistake to think that it was finalised immediately upon its entry into the commercial register. Many things offered by the merger, especially as concerns the exploitation of internal synergies, could only be realised after we started working as one company.

Therefore, I think it’s too early for a final evaluation. However, I certainly consider the decision to merge essential; it was no longer effective to manage so many companies sharing a similar focus.

If I understand correctly, two national companies were created in the merger. What is their organisation structure like and where do you see its importance?

Two companies will ease our legislative operations, but internally, Solitea in Czechia and in Slovakia operate as a single entity divided into four divisions according to customer type. The Small division takes care of the iDoklad, Money S3 and Profi Účtenka products, which are designed for entrepreneurs and small businesses. The Medium division is in charge of all of our private ERP systems - B, Money ERP and Vario. The Enterprise & Public division covers all activities with Microsoft products (Dynamics, SharePoint, Power BI), implements Infor manufacturing systems, and also solves infrastructure and large turnkey products for corporate customers and state administration. And finally, the HR & Payroll division is responsible for the Vema payroll systems. The POS segment represented by Dotykačka Holding (Dotykačka, Markeeta, Smart Pos and Solitea Pay products) is not a subject of the merger at present.

What benefits can customers expect from the merger, respectively what will the positive outcome for them be?

As regards the customer, Solitea should be a larger and more stable entity, one that they can rely to exist even several years from now, even in today’s turbulent times. It will be capable of supplying an entire range of products that will support a solution for when the customer grows or expands abroad. In short, a larger entity is able to solve the customer’s problems and cover its needs more effectively.

Together with the merger, you are celebrating the 30th anniversary of your entry to the market this year. This is a very nice figure. Solitea has thus reached its most productive age.How do you see the future, what do you have in store for it?

Our vision is to be among the largest European IT companies, and I already know that we are reaching for this goal with success. I would like to continue pursuing the current focus on internal company process solutions, because I know we can do it and have immense know-how in this area. Today, we have enough resources to continue growing through acquisitions, to be faster than others and dictate technological trends.

The rebranding of Solitea was a part of the merger. Why did you decide to do so and what was the objective?

I think that if we make Solitea a respected brand, then it will not only help us bring products neglected by marketing into the spotlight, but in the end it may also help those that we invest a lot into today. My vision is that in a few years, the Solitea brand will be as well-known on the Czech and Slovak markets as IBM, Hewlett Packard or Asseco. If we succeed, it will be beneficial not only for us, but above all for our customers.

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