Performance and Storage Improvements Coming to Financial Dimensions

In the manufacturing industry, efficiency, cost and time are the most important factor and the recent update of financial dimensions works to increase efficiency, reduce storage costs and help businesses leverage for better efficiency in operations.

In order to help manufacturing industries handle their financial data better, Microsoft Dynamics 365 Finance has made significant improvements in financial dimensions that work to meet the demands of the manufacturing industry. The latest improvement in Financial Dimensions will be targeted at performance and cost reduction in storage.

The key improvements are broken down below:

Performance Improvement: Enhancements made within application version 10.0.38 have dramatically improved the performance associated with the use of financial dimensions. This, in effect, means that financial data will be processed at an accelerated rate, especially for manufacturers who deal with vast data volumes.

Cost savings due to Reduced storage: Microsoft has optimized storing financial dimension values in application version 10.0.42. The overall storage required to hold financial data gets reduced—hence, cost-effective for manufacturing organizations.
Overall, these are very strong enhancements from Microsoft in providing a robust tool to the manufacturing business for the following:

Enhance operational efficiency with faster processing and quick retrieval of data in managing finances.
Data integrity is maintained since well-optimized financial data management reduces the risk of errors and ensures accuracy in the data.
Efficient financial management practices will ensure compliance with regulations in the manufacturing business.

Conclusion

The latest update of financial dimensions helps manufacturing companies improve performance and reduce storage costs. At Tripearltech we are helping manufacturing businesses implement these changes, so that they can gain greater efficiency, have better data integrity, and ensure compliance without disruption. Contact us for Microsoft Dynamics 365 Finance implementation for your manufacturing company.