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Showing posts from May, 2022

AI in Financial Reporting

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It has been a while since I posted, but I have been getting a lot of questions lately from clients and from my accounting students about the same topic:  Where does AI actually belong in the financial reporting process?  Everyone wants to know if they should be using it, and the honest answer is that it depends a lot on which part of the process you are talking about. I have been working with several clients on this over the last few months, plus I have an upcoming speaking session on AI in reporting, so I thought I would put some of these thoughts together here. For each point, I am also going to push back on myself a little, because I think that is a more useful way to think through this than just picking a side. Where AI is actually helping right now The clearest win I have seen is variance analysis. AI tools are good at scanning through a large number of GL lines and flagging the ones that look different from what history would predict. Think of a vendor payment that...
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Dynamics 365 Finance & Supply Chain with Power Automate - Part 3 - Adding a new vendor workflow

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I recently presented a session on using Power Automate with Dynamics 365 Finance and Supply Chain.  The session was very well received, so I wanted to post some videos and details to help users better understand the examples I covered in the session. In the following video I will walk through using Power Automate with Dynamics 365 Finance & Supply Chain to manage a workflow around adding a new vendor. Business scenario  – To on board a new vendor, the organization requires a new vendor request be submitted, an internal review process is used, including sending an email to the vendor with the required tax documents (W9) and instructions. Components used in the scenario  – Dynamics 365 Finance virtual entities, Power Automate, Microsoft Forms, Microsoft OneDrive, Microsoft Teams and Outlook Synopsis  – By using an Automated cloud flow in Power Automate the system can automatically manage this business process.    Power Automate will listen for new vendor ...
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Dynamics 365 Finance & Supply Chain with Power Automate - Part 2 - Adding a new customer

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I recently presented a session on using Power Automate with Dynamics 365 Finance and Supply Chain.  The session was very well received, so I wanted to post some videos and details to help users better understand the examples I covered in the session. In the following video I will walk through using Power Automate with Dynamics 365 Finance & Supply Chain to manage a workflow around adding a new customer. Business scenario  – The sales team adds new customers to Dynamics 365 Finance, but the company wants a business workflow in place, so the credit team can review the account and set the credit limit before any activity takes place on the new customer. Components used in the scenario  – Dynamics 365 Finance virtual entities, Power Automate and Microsoft Teams and/or Outlook Synopsis  – By using an Automated cloud flow in Power Automate the system can automatically manage this business process.    Power Automate will listen for new rows (customers) being a...
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