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 1

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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 workflow.

Business scenario – AP team needs to be able to manage invoice approval workflow through Teams and Outlook and not just inside of Dynamics 365 Finance.

Components used in the scenario – Dynamics 365 Finance workflow and Power Automate

Synopsis – By using a template available in Power Automate the system can automatically manage this business process.  Power Automate will watch for vendor invoice workflows in D365 and send the information to the appropriate users in Teams and Outlook to review and approve the invoice.




An out of the box template is available for using Power Automate with Dynamics 365 Finance and Operations workflow work items.

Simply update the template with your instance information for D365, which workflow you are automating and which legal entity you would like to use.

Once this is setup, approval will now appear in Microsoft Teams and Microsoft Outlook with a link back to the record in D365.

The following screenshots show the basics of the flow setup and the results of the flow when it is working.




The following video walks through the steps of creating the flow.


Hopefully you find this video useful.  Please feel free to comment, and be sure to subscribe to my blog and video channel to get updates on new content.

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